accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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Each and every person has the potential and free choice to pursue a career as an entrepreneur. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 2. The generation of the 21st century may become known as generation E because they are becoming the most entrepreneurial generation since the Industrial Revolution. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 3. Determining a person’s “entrepreneurial
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Nurul Adila Binti Haini @ Suhaimi Crediton 1411170835 Living on campus vs. Living off campus. High school years has already become a history‚ college life is next. Living in college life is completely a brand new one for those who never gone to boarding schools. Once he/she start the college life‚ he/she must decide to choose whether to live in campus or off-campus. Well‚ most of the college’s students nowadays chose to live on campus. Plus‚ students that goes to a college or a university
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Introduction EDWARDS PERSONAL PREFERENCE SCHEDULE A personality inventory comprising 225 pairs of statements relating to likes and preferences the respondent being required to choose the preferred alternative in each case. The scale is ipsative‚ and it yields scores on 15 needs based on the theory of personality introduced by the US psychologist Henry Alexander Murray (1893–1988) in his book Explorations in Personality (1938)‚ namely needs for achievement‚ deference‚ order‚ exhibition‚ autonomy‚
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Spaced Repetition Study Schedule Rules to the Schedule: 1. The schedule consists of Rounds and Sets. 2. A “Round” is a period consisting of 7 study days and a certain number of spaced rest days between each study day. a. The number of rest days between each study day is dependent on which round a certain set is being studied in. For example: i. Round 1 = 0 rest days ii. Round 2 = 1 rest day iii. Round 3 = 2 rest days iv. Round 4 = 3 rest
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“ International Trade and Foreign Direct Investment - an economic analysis” Table of Contents 1) Introduction 2 2) International Trade 2 2.1 Major Flows & Trends 2010 2 2.1.1 Merchandise Exports 2 2.1.2 GDP 2 2.1.3 World Exports and Imports 3 2.1.4 Leading Exporters & Importers 4 2.1.5 Sectoral developments 5 2.2 Explaining the Major Flows & Trends 2010 6 2.2.1 Absolute Advantage 7 2.2.2. Comparative Advantage
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information technology and its evolving trends. As we continue to witness the advancement of technology‚ it is impacting the delivery of healthcare through clinical performance‚ electronic health record but most of all it is an expansion of knowledge; the ultimate goal of information technology in healthcare organizations is to reduce cost‚ improve productivity but most importantly provide effective patient care. There are many organizations seeking to be ahead of surrounding competitors in order to
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"In the last years‚ we have seen the WTO being stuck‚ while regional & bilateral trade agreements gained ground‚ so how would you assess the role of the WTO in the upcoming decade and do you think that the WTO will need to adjust to this new environment‚ if so‚ how?" The proliferation of preferential trade agreements and regional trade agreements have in the global trading environment have seen has significantly shaped the day to day conduct of international business transaction since the GAAT formally
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TRADE UNIONISM‚ COLLECTIVE BARGAINING AND NATION BUILDING: THE NIGERIAN EXPERIENCE Charles N. Okolie Introduction It is a well known fact that the growth and development of any nation depends on the structures it has carved out for itself. In Nigeria‚ amidst the various arms of the government which has been working tirelessly to ensure the growth and sustenance of the Nigerian state is the emergence of trade unions. The colonial influence in Nigeria has left much to be desired. The emergence
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