Chapter 1: The Power of Markets What are the two basic assumptions that economists make about individuals and firms? Economists have two basic assumptions which keeps the economy in check. One is that people try to make themselves as versatile as possible maximizing their overall potential. The other is that a firm would do what it needs to make the most profit possible. What is the role and significance of prices in the market economy? Prices in a market economy are very important. Price allows
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Course : GDM 2nd Sem Sub : Corporate Law Q.1. In the following statements only one is correct statement. Explain Briefly? i) ii) iii) An invitation to negotiate is a good offer. A quasi-contract is not a contract at all. An agreement to agree is a valid contract. Ans : i) Incorrect : - Its not an offer only an indication of a willingness to consider any offers and counter offers. ii) Correct : A quasi contract is a fictional contract created by courts for equilable‚ not contractual
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1. What network topology has the inherent weakness of a single point of failure The Star physical network 2. Define "networking standard" The details of what a networking topology does and how it does it 3. "De facto standards" No particular standards‚ they are established as a matter of practice 4. About how many bytes are in a kilobyte (KB) 1000 bytes 5. Convert to decimal "00101011" 43 6. A single hexadecimal digit is equivalent to ______ binary digits 4 7. How are "Voice
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Management Accounting PART-A Q. 1. State three points of similarities between financial accounting and cost accounting. Ans. Both financial and cost accounting are interdependent and their co-existence enables businesses to compute costs and sales realistically‚ properly and most importantly helps them to avoid loss some of similarities are mentioned below 1 Reports Financial accounting is used to produce reports that include financial statements‚ including the balance sheet‚ income
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This time is to be spent reading the questions. After having read the questions‚ you will be given three hours to answer all questions. 2. Instead of your name‚ you are ask to write your student code number in your answer sheet. 3. This paper comprises of TWO SECTIONS‚ Section A for WRITING and B for LANGUAGE. There are four questions. You must attempt all. You are advised not to spend more than 1 hour in answering Question I and 30 minutes in answering Question II. 4. You are neither allowed to
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The Golden Demon (Response) Golden Demon (Konjiki-yasha) is the most important work of Koyo Ozaki‚ who was a pionner in modern Japanese literature. Since its publication in the form of a serial story in a daily newspaper‚ the novel has commanded high opinions‚ and many films and plays have been made of it. The "Golden Demon" synopsis is about a penniless drifter loses the woman he loves when her parents arrange her marriage to a rich playboy. Filled with bitterness and despair‚ the young man devotes
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Zappos seems to be well positioned to have a competitive advantage over other online retailers. What challenges discussed in Chapter 1 pose the biggest threat to Zappos’ ability to maintain and enhance its competitive position? How can human resource management practices help Zappos meet these challenges? To maintain and enhance its competitive position in the market‚ Zappos tries to achieve its goals by providing best online service to customers in terms of all the products they offer and by taking
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1. What is IT infrastructure and what are its components? IT infrastructure is the shared technology resources that provide the platform for the firm’s specific information system specifications. IT infrastructure includes hardware‚ software‚ and services that are shared across the entire firm. Major IT infrastructure components include computer hardware platforms‚ operating system platforms‚ enterprise software platforms‚ networking and telecommunications platforms‚ database management software
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1. Explain why‚ conceptually atleast‚ IR seems to infer disagreement between employer and employee? Conflict‚ they say is inevitable‚ wherever there is human interaction. Since each individual works for his own interest and profit‚ It becomes quite difficult to accept a situation which is not in line with their interests and beliefs. Similarly in organizations‚ what motivates disagreements between employers and employees is the idea that the company goals are not in line with the goals of the employee
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3. Cash equivalents are described as the balance of the Cash control amount combined with the control account for purposes of balance sheet presentation. These liquid short-term investments‚ such as U.S. Treasury bills and money market funds‚ qualify because the are considered very safe‚ have a very stable market‚ and mature within 90 days of the acquisition date. Because these items are so similar to cah‚ they are combined with it on the balance sheet. 6. Two items that are often encountered
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