and difficult dilemmas. But as experienced teachers have learned‚ there are a few basic concepts that underpin all of economics. Once these basic concepts have been mastered‚ learning is much quicker and more enjoyable.” 2 Engineering and Managerial Economics DEFINITION OF ECONOMICS It is very difficult to
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Table of Contents Executive Summary2 Background3 Objective3 Results Obtained4 Recommendation4 Rationale5 Managerial Report6 Appendix11 Executive Summary background Darby Company manufactures and distributes meters used to measure electric power consumption. The company has production plants in El Paso‚ Texas and San Bernardino‚ California. The company also has three distribution centers in Fort Worth‚ Texas; Santa Fe‚ New Mexico; and Las Vegas‚ Nevada. The company has nine customer
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"Managerial ethics help to guide decision making and the organization of internal and external behavior. Ethical problems usually arise from a conflict between an individual or group and the company‚ division or department as a whole. Companies have created a set of values and standards that are recognized by managers and consistently referenced during the work day have created an ethical platform that can operate managers and make decisions. Training managers on the specifics of managerial ethics
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Price Elasticity: Price Elasticity is used to explain the degree of responsiveness of the demand for a product to a change in its price. Ep=Percentage change in quality demanded/Percentage change in price (Ep=Price Elasticity) Practical applications of Price Elasticity: 1) Helps in fixing the prices of different goods: It helps a producer to fix the price of his product. A higher price is charged if the demand for the product is inelastic and a lower price is charged if the demand for the product
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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5. Managerial Grid The x/y axis on the grid consist of two behavior dimensions‚ concern for people and concern for production. Concern for people is the degree to which a leader considers the needs of employees when deciding how tasks or jobs should be done. This can be personal or professional development. This behavior dimension moves along the y-axis. Concern for production is the degree to which a leader emphasizes objectives and productivity goals when deciding how tasks or jobs should
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incurred in one year are always meaningful in the following year. 2. Which of the following is a product cost? A. Glass in an automobile. B. Advertising. C. The salary of the vice president-finance. D. Rent on a factory. E. Both "A" and "D." 3. The accounting records of Georgia Company revealed the following costs: direct materials used‚ $250‚000; direct labor‚ $425‚000; manufacturing overhead‚ $375‚000; and selling and administrative expenses‚ $220‚000. Georgia’s product costs total: A. $1‚050‚000.
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IWMST 2013 INTERNATIONAL WORKSHOP ON MATERIALS SCIENCE AND TECHNOLOGY 2013 SUMMARIZATION REGARDING IWMST 2013 International Workshop on Materials Science and Technology was a seminar which has been designed for students of Materials Technology to gain more knowledge and as a path for them to explore more regarding materials science. This seminar has been providing an early exposure and ideas to students related to their career prospects after graduation later. Materials Technology
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January 21‚ 2013. A week of festivities included the Presidential Swearing-in Ceremony‚ Inaugural Address‚ Inaugural Parade and numerous inaugural balls and galas honoring the elected President of the United States. The 20th Amendment states that the President must take the Oath of Office on January 20th. Since the 20th fell on a Sunday‚ a private swearing-in ceremony was held on that date and the public ceremony and parade were held on the following day. The official theme for the 2013 inauguration
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Dan Schneider and James Berardinelli’s misconception of the auteur theory 19 JANUARY 2009 - BY FREDRIK FEVANG In a recent post on his art criticism website Cosmoetica‚ Dan Schneider interviews online film critic James Berardinelli about (tentatively) everything film and James Berardinelli. It is a refreshing form of journalism which‚ as Schneider and Berardinelli point out‚ has been outphased in modern media. The in-depth interview will be interesting to anyone who have an affiliation to film
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