"We were given two ears but only one mouth‚ because listening is twice as hard as talking." Listening Of all the communications skills‚ listening is arguably the one which makes the biggest difference. The most brilliant and effective speaker utlimately comes undone if he/she fails to listen properly. Listening does not come naturally to most people‚ so we need to work hard at it; to stop ourselves ’jumping in’ and giving our opinions. Mostly‚ people don’t listen - they just take turns to speak
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Capacity Planning & Aggregate Production Planning Capacity Planning • Long term strategic decision • determines overall level of resources • affects product lead times‚ customer responsiveness & operating costs Capacity Planning Three Basic Strategies for Timing Capacity • Capacity Lead Strategy – capacity is expanded in anticipation of demand – aggressive and used to lure away customers from competitors already constrained Capacity Planning Three Basic Strategies for Timing Capacity • Capacity
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streams and lakes. Indices may be based upon the number of invertebrate fauna that are collected‚ identified and then counted. Community Structure Indices Each group is given a score‚ according to abundance‚ with the total score representing the index‚ and with the higher the score the cleaner the water. Diversity indices attempt to combine the data on species abundance in a community into a single number. Stable eco-systems are characterized by a great diversity of species‚ most of which are
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Chapter 7 The Circular Flow Model Revisited Factors of production: · Land – rent · Labor – wages · Capital – interest · Entrepreneurship – profit The important principle: In any given time period‚ the value of output produced by an economy is equal to the total income that is generated in producing the output‚ which is equal to the expenditures made to purchase that output Value of output produced = total income generated = expenditure made to purchase Leakages
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Part I HPI To show that measuring overall sustainability and enjoyment of life is more important in order to progress as a species than measuring just profit or just production. Rank the countries of the world using criteria that accounts for life expectancy‚ economic footprint‚ and experienced well being Showing that the path towards a happy planet‚ and in turn happy humans‚ is all about balance between man‚ nature‚ and technology. 1. It quickly become apparent that most nations who are at
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E1 There are a number of ‘models’ of disability which have been defined over the last few years. The two most frequently mentioned are the ‘social’ and the ‘medical’models of disability. Social model of disability The social model is a concept which recognises that some individuals have physical or psychological differences which can affect their ability to function in society. However the social model suggests it is society that causes the individual with these physical or psychological differences
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ECON1102 SUMMER SCHOOL 2012/2013 SUBMISSION QUESTION 1: DUE: FRIDAY 21 DECEMBER‚ 2012 BY 5PM. (i) Explain the concept of the consumer price index (CPI) and explain how it is measured. What is the latest CPI figures in Australia (Sept 2012) and what were the main factors influencing the CPI movements in this quarter. (ii) Is the CPI an accurate measure of inflation? Explain the importance of inflation when calculating the real interest rate. (iii) What are the economic
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How are ETFs different from index funds? Comment on their popularity and the future of EFTs. The ETF’s have the following advantages over a index funds: 1. Support the same types of orders as stock‚ like: limited‚ best price‚ stop-loss‚ etc. 2. Can be purchased at any time through out the trading session‚ while the index funds net asset value only mark the end of each session. 3. The consequence of points 1 and 2 is that at the time of purchase will know exactly the price you will pay
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Estimating the Purchasing Power Parity (PPP) of currencies using the Big Mac Index™ Table of Contents 1. Introduction 2. Purchasing Power Parity and Theory of one Price 3. Over/Under Valuation of currencies against the Dollar 5. Comparative analysis of the most overvalued to the most undervalued 6. Observation and Alternative indexes 7. Limitations 8. Appendix INTRODUCTION Purchasing power parity (PPP) is an important and critical topic in international economics. It arises when the
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businesses expect future profits to fall. a. Explain for each event whether it changes short-run aggregate supply‚ long-run aggregate supply‚ aggregate demand‚ or some combination of them. A deep recession in the world economy decreases aggregate demand. A sharp rise in oil prices decreases short-run aggregate supply. The expectation of lower future profits decreases investment and decreases aggregate demand. b. Explain the separate effects of each event on U.S. real GDP and the price level‚ starting
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