Per capita income as a measure of prosperity Per capita income is often used as average income‚ a measure of the wealth of the population of a nation‚ particularly in comparison to other nations. Per capita income is often used to measure a country’s standard of living. It is usually expressed in terms of a commonly used international currency such as the Euro or United States dollar‚ and is useful because it is widely known‚ easily calculated from readily-available GDP and population estimates
Premium Economics Currency Purchasing power parity
Fundamental lessons which we can all learn from the bus strike (Singapore) Against the backdrop of the now famous bus strike‚ there have been efforts undertaken by the following parties: The Singapore Government calling on all parties to voice their grievances through the appropriate channels and a flurry of measures adopted by SMRT in response to public and government sentiment. Whilst the reactions and actions undertaken after the strike are laudable‚ one can’t help but express concern that
Premium Government Profit The Profit
main components and considerations of all three pricing theories. Please use the accounting theory to illustrate pricing an item. Economics has three theories that cover pricing. In each of the three theories‚ the outside market influences how goods are sold. Supply and demand: According to this theory‚ the supply of an item and its demand affect its price. An item that is in high demand will have a high price. An item that has a low demand will have a low price. Market structure is another economic
Premium Supply and demand Economics
certainly appealing‚ and that appeal is exactly what all-you-can-eat (AYCE) restaurants take advantage of. Gobi Brighton‚ an all-you-can-eat barbeque restaurant in England‚ offers unlimited servings of Asian and Middle-eastern foods for one fixed price of 12 pounds. Of course‚ no customer will actually eat an infinite quantity. Taking this factor into account‚ and given the various costs the restaurant must pay to deliver the service‚ this fixed price that consumers pay is determined such that the restaurant
Premium Buffet Economics Food
------------------------------------------------- 01 DEMONSTRATE THE APPLICATION OF PROFESSIONAL ETHICS‚VALUES AN JUDGEMENT Question 1-Describe an occasion on which you had to demonstrate ethical behaviour When I was an attaché ‚I was given the tasks of handling a tender for heavy vehicle tyres. One of the prospective suppliers offered to take me out for dinner to discuss the tender. At first ‚ I thought it was a genuine call but after careful consideration‚ I realised that this was going
Premium Tax International Financial Reporting Standards Financial statements
PRICE DISCRIMINATION What is Price Discrimination; Price discrimination is a pricing tactic that charges consumers different prices for the same product or service. In other worlds‚ price discrimination exists‚ when identical product or service transacted at different prices from the same supplier. Price discrimination allows a company to earn higher profits than standard pricing because it allows firms to capture every last pence of revenue available from each of its customers. While perfect
Premium Supply and demand Monopoly Economics
With reference to waste management‚ discuss the extent to which sustainability can be achieved. (40 marks) Waste management is all about the need to change our attitude to waste. The four methods of managing waste at the moment are: landfill‚ composting‚ recycling and energy recovery (incineration). To be sustainable‚ waste must be managed in a way that is maintainable for the foreseeable future and will not be hurtful to the environment or the population. Waste is a problem at the moment because
Premium Recycling Waste management Waste
answering challenge questions answering challenge questions [SECTION TITLE] 1 2 contents Practical exPerience requirements (Per) challenge questions samPle answers 01 03 04 05 08 10 13 15 17 19 Demonstrate the application of professional ethics‚ values and judgement Raise awareness of non-financial risk Manage self Communicate effectively Improve departmental performance Prepare financial statements for external purposes Contribute to budget planning and production Evaluate potential
Premium Internal audit Question Answer
Price Differentiation vs. Price Discrimination Price differentiation and price discrimination: two terms used in Marketing and Economy. First of all‚ it is appropriate to make an accurate definition for both of the terms. Price differentiation is a pricing strategy that “charges different segments of customers altered prices for the same products or services.” Likewise‚ we can meet with the same definition if we look for price discrimination definition. Then‚ is there a difference between price
Premium Pricing Marketing
Matching Questions Figure 12.1 Using Figure 12.1‚ match the following: 1) Afferent impulses from all senses and all parts of the body converge here and synapse with at least one of its nuclei. Answer: D Diff: 1 Page Ref: 444; Fig. 12.11 2) Putamen. Answer: C Diff: 1 Page Ref: 443; Fig. 12.11 3) Anterior horn of lateral ventricle. Answer: A Diff: 1 Page Ref: 434; Fig. 12.11 4) Inferior horn of lateral ventricle. Answer: E Diff: 1
Free Brain Cerebrum Cerebral cortex