Tutorial 3 1. Are there any goods or services where consumers do not experience diminishing marginal utility? Explain? (4 marks) 2. The table below shows the quantity and total utility obtained from consumption of good X. Fill in the blanks for marginal utility. (4 marks) Quantity | Total Utility | Marginal Utility | 1 | 40 | | 2 | 75 | | 3 | 105 | | 4 | 130 | | 5 | 150 | | (b) If price per unit of X is RM25‚ calculate the quantity of X that will maximise the utility
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Basic Rules of Trusts: Property‚ Obligations and trusts 1) Equitable title exists whenever equity will require the legal owner of property to hold the property for the benefit of some other person or group of persons (which group may include the legal owner himself.) 2) Cestuis que trust=beneficiaries 3) Settlor and trustee can be the same person. 4) Settlor and beneficiary can be the same person. (Settlor can convey property to a trustee on trust for himself.) 5) Express trust as the creation
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Tutorial Explain the roles and responsibilities of any 2 function of an organisation of your own choice (any industry)? Task Identify 1 company Identify 2 business functions Apply how the company carries out those functions. Answer: I choose Air Asia Company. Air Asia is a Malaysian low-cost airline and the headquartered is near Kuala Lumpur‚ Malaysia. Air Asia was established in 1994 and began operation on 18th November 1996. It was founded by a government-owned conglomerate DRB-Hicom. Its
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EXECUTIVE SUMMARY: Double taxation occurs when a taxpayer is taxed twice for the same asset or income. This happens when taxing jurisdictions overlap and a transaction‚ asset‚ or income amount is subject to taxation in both jurisdictions. When an individual must deal with double taxation‚ he or she may lose a significant portion of income. In some cases‚ this may cause the double-taxed individual to experience a lowered standard of living. Corporations deal with double taxation too‚ as a corporation
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INFO 1400 Koffka Khan Tutorial 10 Review Questions : Ch 10 1. What are the unique features of e-commerce‚ digital markets‚ and digital goods? 1.1 Name and describe four business trends and three technology trends shaping e-commerce today. List several business and technology trends shaping e-commerce today. 1-2 Review Questions : Ch 10 1.2 List and describe the eight unique features of e-commerce. 1. E-commerce technology is ubiquitous‚ meaning that it is available just about
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Progressive taxation rates are unethical and need to be changed. The media likes to say the rich need to pay their fair share and I will show that if everyone paid the same percentage of their income without all the loopholes the current tax system has the government would be better off. This is an ethical issue that needs to be addressed by our current and future leaders to help eliminate the extraordinary amount of debt our country currently has to reimburse. Utilitarianism is that an action
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TAXATION AND FISCAL REGULATIONS IN NIGERIA INTRODUCTION The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law‚ taxation is enforced by the 3 tiers of Government‚ i.e. Federal‚ State‚ and Local Government with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree‚ 1998. Of importance at this juncture
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I. Background of the case Marie Luna is a human resource management major who graduated from the University if the Philippines in Iloilo City. She decided that she would really like to work in the business and see if she could learn the business and contribute to its success. Her Family owns Dependable cleaners (DC)‚ a laundry/ dry cleaning business. It provides laundry and dry cleaning services not only to residents and restaurant in the areas but to most of the casinos in
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Harvard Business Review Online | The Enemies of Trust Page 1 of 9 Purchase products from: >| http://www.hbsp.org The Enemies of Trust You’re honest‚ straightforward‚ and competent. So why don’t your people trust you? by Robert Galford and Anne Seibold Drapeau Robert Galford is a managing partner of the Center for Executive Development in Boston and has taught in executive education programs at Harvard‚ Columbia‚ and Northwestern. Anne Seibold Drapeau is the chief people officer
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Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? A1. Accounting : Accounting is the analysis and interpretation of book-keeping records. It includes not only the maintenance of accounting records but also the preparation of financial and economic information which involves the measurement of transactions and other events relating to the entity. Accounting is defined as "the art
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