be forgone in order to pursue a certain action. Put another way‚ the benefits you could have received by taking an alternative action. Opportunity cost can be defined as the value of the next best alternative forgone. It can be defined as the revenue or the profit that a person/organization would have been able to earn if it had exercised the alternative decision instead of the decision that has been made. Opportunity-cost has many practical business applications‚ because opportunity costs
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between memory recognition and recall. Six participants took part in the experiment‚ three were assigned to the recognition task and three to the recall. The recognition group were required to answer yes or no to a series of questions relating to specific features of a N.Z. 50 cent coin they were also asked to rate how confident they were that their answers were correct. The recall group were asked to draw the features of both sides of the coin. The hypotheses that the recognition group would score
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lodging establishment and the people who stay in it are called guests or clients. What is Revenue Management? Revenue Management is a technique to optimize the revenue earned from a fixed‚ perishable resource. The challenge is to sell the right resources to the right customer at the right time. Revenue Management implements the basic principles of supply and demand economics in a
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A STUDY OF REWARDS AND RECOGNITION SYSTEM IN JHARIA DIVISION‚ TATA STEEL LTD AKNOWLEDGMENT First of all I would like to express my hearty gratefulness to almighty for his great kindness to us. I want to express my heart full gratitude and indebtedness to Mr. P.K Patnaik my guide for his scholastic guidance‚ salutable instructions‚ constructive criticism and constant help in carrying out this research work with the very successful completion. I am lucky to get
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with no insurance or with suspended licenses. There are people with warrants riding around every day like they do not have a care in the world‚ but with the help of automated license plate recognition these numbers are decreased. Law enforcement all over the world are adopting the automated license plate recognition technology to help them fight crime and make their job just a little easier. This technology helps law enforcement detect cars that have been stolen‚ cars that have not been registered for
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Top-up Degrees (Entry to year 3 – UK Universities) Acceptance to a university programme is at the discretion of the individual university Top-up degrees are of one year duration‚ entering onto the final year of the full time undergraduate BA / BSc Honours degrees. Students who have an HND (Higher National Diploma) may progress onto the final year of a degree programme‚ subject to unit grade performance at HND‚ and English language capability (usually IELTS 6.0) The following universities
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INTRODUCTION One of the perennial problems which has not only defied all past attempts at permanent solution‚ but also has a tendency for evoking high emotions on the part of all concerned (each time it is brought forth for discussion or analysis) is the issue of equitable revenue allocation in Nigeria. It is an issue which has been politicised by successive administrations in Nigeria both Military and civilian regimes. Indeed‚ in virtually all federations in which the constitution shares power
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Design of a Speaker Recognition Code using MATLAB E. Darren Ellis Department of Computer and Electrical Engineering University of Tennessee‚ Knoxville Tennessee 37996 (Submitted: 09 May 2001) This project entails the design of a speaker recognition code using MATLAB. Signal processing in the time and frequency domain yields a powerful method for analysis. MATLAB ’s built in functions for frequency domain analysis as well as its straightforward programming interface makes it an ideal tool
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The difference between capital and revenue expenditure is a capital expenditure results in an addition to an asset account whereas a revenue expenditure results in an addition to an expense account. Capital expenditures are payments for asset alterations‚ additions and replacements. Revenue expenditures benefit a current period and are made to maintain assets with routine repairs or replacement of a minor part. Again capital expenditure will benefit 2 or more accounting periods through depreciation
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Cost and Revenue Curves Simulation Having different business objectives is one way of showing the differences in output and its way to use total revenues and total cost curves. The shape of the total cost will depend on what happens to marginal cost. The profit maximizing outputs occurs when at the greatest vertical distance between the TR and TC curves. However‚ revenue maximization occurs at a higher output level. Any corporation is an organization with several groups like employees‚ managers
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