P4‚ Conventions‚ legislations‚ regulations‚ codes of practice and charters in anti-discriminatory practice: Legislation: European Convention on human rights and fundamental freedoms (1990) – This is a European document relating to human rights; it is signed by all government in the European Union‚ including the UK. Sex discrimination act (1975) – This protects both men and women against discrimination or harassment on the grounds of gender in employment‚ education‚ and advertising or in the provision
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One of the biggest challenges I find in having successful online communication is utilizing the nonverbal clues that you would find in a traditional setting are not present in the online environment all the time. Like I have previously stated in another assignment‚ I sometimes find it difficult to depend on the written text to convey the messages or thoughts of others without being able to hear their tones or manner in which they are speaking. This opens up an area for misunderstandings or the
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this education is provided by the government if the school is public‚ for private school you have to pay fees. Primary schools follow Early Years Foundation Stage and the National Curriculum; primary schools follow the NC of key stage 1 and key stage 2. NC stands for National Curriculum and this means that a common programme of study in schools that is designed to ensure nationwide uniformity of content and standards in education. The children in primary schools learn
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Problem Definition John Bridges‚ the chief electrical engineer of Hamilton Oil Company‚ has concluded through motor testing that DMC competitors Spartan Motors and the Universal Motor Company of Canada offer the first and second choice motors on the market‚ respectively. DMC’s position as the third choice could prove quite detrimental to its market share because Hamilton is the largest active oil company in Canada‚ operating over 30% of producing wells‚ and Bridges is extremely influential in
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Unit Two Managing the Economy AN INTRODUCTION TO MACROECONOMICS The four main Economic Objectives in the UK are (in order): Economic growth – Economic growth is an increase in the productive capacity of the economy. Measured by real GDP (Gross Domestic Product). Price stability (low‚ stable rate of inflation) –If prices in an economy are constantly fluctuating/unstable‚ it creates uncertainty. Persistent or sustained increase in prices inflation. Gov therefore aim for a low and
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Chapter 1 INTRODUCTION An organization is a social unit of people‚ systematically arranged or managed to meet the needs or to pursue collective goals on a continuous basis. A sound organization can contribute greatly to the continuity and success of the enterprise. All organizations have a management structure that determines the relationship between functions and positions. Without proper care of higher‚ middle and lower levels of administration‚ it would be practically impossible for any management
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the marginal unit is greater than the revenue it brings in. Oligopolies are a market with a small number of sellers‚ where the sellers interact strategically with each other. Each player tries to guess which the competitor is trying to do. There are usually a small amount of large firms and they usually control the market. Competitive firms will use the firms marginal cost to produce the price. The price of the good must be lower than the cost to produce it. To maximize the profits is when the
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Individual Assignment Introduction to Financial Accounting (ACC106) Mega Lawa Trading is a sole proprietorship business owned by Milah Mela. Transactions below are the business activities for the month of December 2013. Date Transaction Effects of Transaction Principles of Double Entry 1 Started a business with a cash at bank for RM 15‚000 and cash in hand for RM 10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories
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Profits hinge on budding sales and handling variable and fixed costs. Businesses attempt to increase profit by applying various approaches. Some merely cut costs and anticipate preserving sales/ revenue. Others cut production and channel the savings to the customers in an effort to radically increase sales to surge profit. As in our scenario above Grosgover Ltds decision to change from a local to an overseas supplier is projected to drop 10% in material cost‚ a variable cost. Variable costs are contingent
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Theories of Profit There are various theories of profit‚ given by several economists‚ which are as follows: 1. Walker’s Theory of Profit as Rent of Ability This theory is pounded by F.A. Walker. According to Walker‚ “Profit is the rent of exceptional abilities that an entrepreneur may possess over others”. Rent is the difference between the yields of the least and the most efficient entrepreneurs. In formulating this theory‚ Walker assumed a state of perfect completion in which all firms are
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