ECONOMIC ANALYSIS FOR MANAGERS Q1.What is the difference between GNP and GDP? Ans) The difference between GNP and GDP are as follow: GNP: An estimated value of the total worth of production and services‚ produced in one year by labor and property supplied by the citizens of a country. Allocates production based on location of ownership. GNP=GDP + NR (Net income inflow from assets abroad or Net Income Receipts) - NP (Net payment outflow to foreign assets). GDP: An estimated value of the
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Spring 2013 Assignment Solution 0-Sum Games 2 1. Reduce by dominance to 2x2 games and solve. 5 4 4 3 (a) 0 1 1 2 1 0 2 1 4 3 1 2 10 0 7 1 (b) 2 6 4 7 6 3 3 5 Solution: (a). Column 2 dominates column 1; then row 3 dominates row 4; then column 4 dominates column 3; then row 1 dominates row 2. The resulting submatrix consists of row 1 and 3 vs. columns 2 and 4. Solving this 2 by 2 game and moving back to the original game we find that value is 3/2‚ I’s optimal
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Depending on what year you were born‚ I am sure that you will remember playing board games before electronic games came along. The toy aisles in department stores were once lined with various games. They were all different genres‚ made for different age ranges‚ and different types of people. There was literally a board game for everybody out there‚ The Game of Life used to be my board game. But the thing is‚ this game has changed throughout the years to accommodate the younger generations like for colors
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– 2 Timothy 4:7 Just like the apostle Paul who declared at the end of his ministry that he had did his utmost in everything that the Lord had tasked him to do‚ I felt that my brother-in-Christ Paul Tan was sent on a mission to be the general manager of my company during the two most difficult years of my life‚ which corresponded with the final chapter of my career in running a publishing business. Towards the end of December 2005‚ I remember one of my directors introducing Paul Tan to me as
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OLD GAMES OR NEW GAMES In the past‚ there were old people who are telling the stories of children who were playing in the streets‚ parks and gardens‚ but now‚ their grandchildren cannot be seen at those places anymore. As old people remember there were games which depend on good feelings such as love‚ respect and friendship. There is a strong possibility that much of people can remember “seksek”. It was played with a stone and area that covered with lines which refer boundries of areas‚ especially
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Video Games And Parents – Why So Much Hate? In a recent survey that was conducted‚ it was discovered that what parents fear the most is not that their children will get addicted to drinking alcohol or watching pornographic videos. Their greatest fear is that their children will get obsessed with playing video games. You may be surprised at first‚ but when you think about it the results actually makes sense. Just take a look at the gaming consoles available today. You have the PlayStation
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VEL TECH DR.RR & DR.SR TECHNICAL UNIVERSITY DEPARTMENT OF MANAGEMENT STUDIES P1BAA03 ACCOUNTING FOR MANAGERS Time: 3 Hrs Maximum: 100 marks PART-A (10 x 2 marks = 20 marks) Answer ANY TEN Questions. Each question carries 2 marks 1. Define Accounting. 2. Explain accounting cycle. 3. What are current assets? 4. What is net working capital? 5. What Trial Balance? 6. State any two advantages of fund flow
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The History of Garde Mange Aaron avers The garde manger profession began with peoples need to preserve food. The practice of food preservation is very much older than the term garde manger. In medieval times‚ castles and large homes were equipped with underground larders‚ or cold food storage rooms. The food storage areas in these castles and manor houses were usually located in the lower levels‚ since the cool basement-like environment was ideal for storing food. These cold storage areas developed
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The Beer Game Copyright by Professor John Sterman‚ MIT October 1984 Sources: http://www.sol-ne.org/pra/tool/beer.html The Fifth Discipline: Pg 27-54 Why play the ‘Beer Game’? Instructions for running the game Steps of the Game Outline for post-game discussion and tasks Supplies Checklist & Mock-up of the Game Board Bibliography CHARTS AND TABLES TO PRINT OUT: [only issue Table 1 and 2 at the onset of the game. Chart 1-3 to be distributed at the end of the game and before
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CASE SUMMARY Lok Kim Sun is an estate manager who tried to single-handedly managing 28‚500 acres of estate with 2500 employees. Even though he work his way up to his position now as an estate manager‚ he is extremely afraid of making mistake. This could be partly because of his immediate superior attitude‚ Henry Davidson who tends to look down to others and tends to adopt a very autocratic military attitude. Lok feels that he must know every details of the estate operation so that he can thoroughly
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