revenue a company receives for selling an extra unit of output. 1. Marginal Revenue is the change in total revenue resulting from a change in the quantity of output sold. Expressed as: Marginal Revenue = change in total revenue/change quantity. B. Marginal cost is the overall change in a firms total cost of production resulting from a change in production by one unit. 1. Marginal cost and total cost are related in terms of the cost of production for manufacturing companies or service
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AND HEALTH NATIONAL GENERAL CERTIFICATE IN OCCUPATIONAL SAFETY AND HEALTH PAPER A1: IDENTIFYING AND CONTROLLING HAZARDS JUNE 1998 Answer ALL questions Time Allowed: 2 hours Section 1This section contains ONE question. You are advised to spend approximately HALF AN HOUR on it. The maximum marks for each part of the question are shown in brackets.| 1|(a)|Define the term `ergonomics’.|(2)| |(b)|Outline the possible effects on health that may be caused by the poor ergonomic
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CASE STUDY QUESTIONS: Read and Complete case study “Starbucks and McCafe – a David vs. Goliath Battle?” on pages 350 – 352 of your text. 1. If you were the manager of or an adviser to Starbucks Australia‚ how could you use a SWOT analysis in deciding your strategy for the chain’s future in Australia? In order to compete effectively in the Australian café market‚ Starbucks must be alert to: changes in opportunities and threats in the external environment; be equipped to take advantage of internal
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Chapter 3 Starbucks Case I. Answer the following two questions: 1. Assume now you are in the context of what is described in the case‚ how can you challenge Schultz’s business model? Justify your argument. (10 pts) Howard Schultz actually has a really good business plan in our opinion‚ one that is actually very difficult to find an aspect to challenge. Any problem that has risen with it‚ Schultz has taken the necessary steps to correct it. For example‚ when the finances of the company as well as the
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Andersen Questions Assume that one of Philip’s clients is a married man‚ aged 36 with two young children‚ who wishes to reallocate a significant portion of his retirement funds that are currently invested in certificates of deposit. Philip recommends a growth investment‚ and he identifies the three representative possibilities shown in Table A. Table A Three Investment Alternatives Alternative A Alternative B Alternative C Investment Growth fund from a large investment company Growth
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income lost if working full time. b. Now explain why. The implication of scarcity means that everything we do carries a cost. The cost of doing more of one thing then‚ is the value that is sacrificed by doing less of something else. In this case the cost of going to school full time is the value of the income that will be lost if the person were to work full time. 2. Doing more with less means fewer jobs and therefore is good/bad? c. Doing more with less has its good and bad
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are then allocated to the determined grades. The advantages of this method are; it is simple to use and explain. Some criteria for judgments are provided in grade defiitions. The disadvantages are; that it offers no defence in court in equal pay cases. The grade definitions are very generalised so it can make it difficult to place the more complex jobs or make comparisons between two jobs. Job ranking This is the simplest form of job evaluation. The process is to put the jobs in
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Following directions is very important for a number of reasons. It makes things easier to do‚ it guarantees that things are done right‚ it eliminates confusion‚ and it saves a lot of time overall. When the instructions of the teacher are followed‚ things tend to go smoothly and work well. When we‚ the students‚ do things the right way and follow directions‚ we show that we can handle instructions to difficult assignments and that we are cooperative‚ intelligent‚ and dependent. Anything can be messed
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Crime and Forensics Short-Answer Questions What constitutes a computer crime? This type of crime is the illegal exploitation of computer technologies‚ usually involving the Internet‚ to support crimes such as fraud‚ identity theft‚ sharing of information‚ and embezzlement. Exactly what is illegal varies greatly from territory to territory. Consequently‚ the growth of international data communications and in particular the Internet has made these crimes both more common and more difficult
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Question 1 a. The strongest economy is USA (GDP per capita‚ $PPP; 48‚110)‚ second strongest economy is UK (35‚600)‚ follow by Eurozone economy (35‚280) and the weakest economy is China (8‚400). For compare economies performances I used indicator of GDP per capita with $PPP (Purchasing power parity) because every economy have differences in population and in purchasing power parity. For example; China have higher population than USA and that mean more working people in economy (Reason for per
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