associated with the solution of LPP. In this class‚ these aspects will be discussed with the help of an example. However‚ this visualization is possible for a maximum of two decision variables. Thus‚ a LPP with two decision variables is opted for discussion. However‚ the basic principle remains the same for more than two decision variables also‚ even though the visualization beyond twodimensional case is not easily possible. Let us consider the same LPP (general form) discussed in previous class‚ stated
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Making Ethical Decisions Ethics is a philosophical characteristic that relates to the moralities of human beings and the moral principles that govern one ’s behavior. Ethics are a person’s morals that govern their behavior‚ while the morals are the specific standards that cause them to (re)act. For example‚ being ethical could mean following certain laws of a society‚ or religious beliefs. The definition of what being ethical may be is subjective to what culture or society somebody is from.
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(2007) stated‚ “Professional accountants owe their primary loyalty to the public interest‚ not just to their own financial interests‚ company directors or management‚ or current shareholders at the expense of future shareholders.” (Chap. 1‚ p. 22). Decisions made by executives should reflect their corporation’s ethical values. In knowing this information‚ the case of Daniel Potter and his employer Baker Greenleaf raises some concern. I will address the dilemmas of the case‚ the stakeholders involved
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1. Pricing decisions Factors to consider when setting prices All profit organizations and many non profit organizations must set prices on their products or services. Simply defined‚ price is the amount of money charged for a product or service. More broadly‚ price is the sum of the values consumers exchange for the benefits of having or using the product or service. A company ’s pricing decisions are affected both by internal company factors and by external environmental factors. These factors
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Do you agree or disagree with the following statement: With the help of technology‚ student nowadays can learn more information and learn it more quickly. Use specific reasons and examples to support your answer. In the 21st century‚ technology has become a crucial part of our life. Some of these technologies have been widely applied in education‚ although‚ not everyone is aware of their existence and usage. It is agreed that technology has helped student consume more informations efficiently
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$65000 $75000 Books 0 $2500 $3500 Program Length in Years 0 2 1 Signing Bonus 0 15000 12000 Health Insurance 0 3000 3000 Room and Board 0 $2000 $2000 Discount rate 6.5% 1. How does Ben’s age affect his decision to get an MBA? a. Ben’s current age is a key factor in his decision making process. If he starts a program now‚ he will be in his early thirties when his finishes‚ since it usually takes about two years to complete an MBA program. If he begins the program later in his professional
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Pricing Decisions are decisions faced by top management and marketing managers. How much to charge for a product or service depends on a multitude of factors such as competition‚ cost‚ advertising‚ and sales promotion. Economic theory suggests that the best price for a product or service is the one that maximizes the difference between total revenue and total costs. However‚ in reality‚ the price charged is usually some form of cost-plus‚ which is later adjusted for market conditions and competition
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COPY DECISIONS Layout is the logical arrangement of components of an advertisement in the copy. It refers to the overall structure‚ the position assigned to the various elements of the copy and illustrations. It is deciding on the placement of headlines‚ copy‚ illustrations‚ marketer’s name‚ logo and the amount of free space in an advertisement copy. Thus‚ the physical arrangement of all the elements of advertisement is called layout. It is concerned with placing all the elements of the advertisement
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Better Decisions‚ Better Life John Updike‚ who is known for his brilliant prose style and the sensual details in his stories‚ takes everyday tasks and gives a whole new perspective to it. Like in “A&P”‚ which is a narrative from the perspective of a nineteen-year-old boy working in the checkout line. Even though Sammy is just an average boy‚ something significant happens that day at the grocery store. The story revolves around Sammy’s journey from adolescence to adulthood and his resignation from
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Truman Decision President Harry S. Truman decision to drop atomic bombs on Japan is perhaps the most controversial act of policy in United States history. One of the many different reasons given for the use of this weapon was the shock effect it would produce in the Japanese foreign policy circle. While the shock of the Japanese will be discussed later‚ it is important to note that it had a similar effect on the west. This shock effect has caused countless authors to speculate as to the motivation
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