Homework #1 PAQ p.34 3. Adam Smith‚ who is also considered to be the "father of modern economics‚" believed that self-interest in one’s business and it’s profits would trickle down and help the overall community’s economy. That is what they called the invisible hand‚ when one’s goal of self-profit actually helps the community. The creation of jobs‚ and the contribution of your product or service to the community are examples of how a seemingly selfish business move is actually helping others
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(1) Estimated contribution margins for the next fiscal quarter (000s omitted): Computer Place Poster Paper Napkins Mats Board Total Number of units 30 120 45 80 275 Sales $420 $840 $540 $680 $2‚480 Cost of goods sold: Variable costs 225 612 270 360 1‚467 Contribution margin $195 $228 $270 $320 $1‚013 Unit revenue and costs information: Computer Place
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ASSIGNMENT ECON304 ANSWER THE FOLLOWING QUESTIONS. SHOW YOUR SOLUTIONS AND ENCIRCLE YOUR FINAL ANSWERS. SUBMIT THIS ON WEDNESDAY. 1. Suppose that the likelihood that someone who logs into a particular site in a shopping mall on the web will purchase an item is .20. If the site has 10 people accessing it in the next minute‚ what is the probability that a) Exactly 2 individuals will purchase an item? b) At least 2 individuals will purchase an item? c) At most 2 individuals
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been using manual materials inventory system for the past thirty two years. The researchers decided to improve the accuracy of the materials inventory system of the said business by conducting a study to create a virtual materials inventory system that will fasten up the transactions and decrease human errors. The virtual materials inventory system will not only fasten up transactions but will also promote accuracy and avoid discrepancy on the inventory system of the burger machine stall. The Researcher
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Chapter 1 - People in Business Stakeholders Entrepreneur - a person who spots an opportunity and takes the initiative to set up a business to make a profit. Entrepreneur takes a big risk when setting up a business‚ both financial and personal risks. eg; Bill Gates set up Microsoft. Investor - is a person who provides capital to the entrepreneur that she needs to set up and run a business‚ in exchange for return on investment. Dept capital - money returned with interest or Equity finance - return
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Impact of Innovative Technology on Business - 3D Printing Impact of Innovative Technology on Business - 3D Printing Research undertaken by Singhal and Hendricks [1] indicated that when disruptive events occur within manufacturing supply chains they can have significantly adverse effects on shareholder value often resulting in share price losses of up to 25%. This research‚ Figure 1‚ shows the main types of events which cause particularly significant effects. These detrimental effects on stockholder
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TOPIC 1 INTRODUCTION TO INFORMATION SYSTEM 1.0 THE BASIC CONCEPT OF DATA AND INFORMATION In an organization‚ ‘Information’ is one of the most valuable and important resources. With the right information‚ from the right source‚ at the right time and place‚ the organization can make the best decision to achieve their goals. Information can be defined in so many ways. The term ‘information’ however is often confused with the term ‘data’. In some cases the term ‘information’ and ‘data’ has been used
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CHAPTER 1 – Understanding Ethics LESSON OVERVIEW The purpose of this lesson is to introduce the student to ethics. You will give students a basic understanding of ethics and show where employees face the dilemma of balancing their own moral standards with those of the company they work for and the supervisor or manager to whom they report to on a daily basis. CHAPTER OUTLINE The textbook outlines the chapter with the following seven headings. As an instructor‚ you can use the headings to focus
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Oil ECO/365 - Principles of Microeconomics Oil In today’s economy many trends in consumption patterns can determine where the supply and demands are needed. In the article “East Bay Oil Exports Have Become Huge Business‚” by Glantz (2012)‚ it touches on the subject of trends and consumption of oil. Many people are aware; however forget that there is a whole lot of oil around us that can be used. This paper will discuss and address the utilities derived‚ the change that demand for the product
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1. Question : (TCO 1) Why is maximization of the current value per share a more appropriate financial management goal than profit maximization? Student Answer: Because by maximizing the current stock value you also maximize the company’s profit for the year. Because this criterion is non-ambiguous. Because financial managers always act in the best interest of shareholders. B and C Points Received: 3 of 3 Comments: 2. Question : (TCO 1) Market
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