Once upon a time many years ago in Sicily there lived a young boy and his family. The boy’s name was Francesco. He was born in Sicily‚ the place where his father‚ Giorgio‚ and his mother‚ Maria‚ had grown up. His family owned a pizza shop in town called “Giorgio’s Pizzeria.” Although their pizza shop was everyone’s favorite place to get pizza‚ they were still very poor. Ever since Francesco was born‚ and until he was ten‚ he had always wanted to be a baker and own a pizza shop just like his
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Programmed decisions . Programmed decisions are made in routine‚ repetitive‚ well-structured situations with predetermined decision rules. These may be based on habit‚ or established policies‚ rules and procedures and stem from prior experience or technical knowledge about what works or does not work in a given situation. For example‚ organisations often have standardised routines for handling customer complaints or employee discipline. Decisions are programmed to the extent that they are repetitive
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Contents 1) Find the distribution and report the mean and the standard deviation of the uncertain revenue in $ 1 2) What is the probability that this revenue will exceed $ 2‚250‚000? 1 3) What is the probability that this revenue will exceed $ 2‚500‚000? 1 4) What is the probability that this revenue will be less than $ 2‚150‚000? 1 5) What is the probability that this revenue will be less than $ 2‚000‚000? 1 6) HSBC offers to pay a sure sum of $2‚150‚000 in return for the
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Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job‚ his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools‚ he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools‚ to get class credit for the internship‚ no salary can be paid. Other than internships‚ neither school will
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QRT Task 2 A1. E-Commerce Solutions. Spice King houses its menu as well as a shopping cart for gathering orders. Payments are taken online through a company called Eat24. When clicking on checkout from Spice King’s site‚ customers are routed to Eat24’s secure site where they simply enter their payment information. Payments can be made via several payment types‚ including cash at delivery. Eat24 secures private payment information encrypting it with a SSL certificate. Eat 24 acts as a local
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EGT1 – TASK 1 Western Governors University EGT1 Economics and Global Business Applications Element A1 & A2 A1. Total revenue (TR) to total cost (TC) is cost‚ which is calculated using total revenue minus the total cost‚ (TR-TC). As each unit is produced‚ the total cost increases in addition to the total revenue. Yet‚ at some point in the production of the additional units‚ the total revenue will exceed the total cost. When it reaches that point‚ it becomes a loss. The point
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a framework for decision making that can be applied and used across the board for health‚ wealth‚ and happiness‚ as well as other facets of life. They introduce behavioral economics to explain how decisions can be influenced so that a specific outcome is chosen. To lay the foundation for the decision making stage‚ Thaler and Sunstein establish the significance of a choice architect. A choice architect has the responsibility for organizing the context in which people make decisions (Thaler & Sunstein
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In 1966‚ the U.S. Supreme Court made a landmark ruling in the case of Miranda v. Arizona that established that a suspect has the right to remain silent and that prosecutors may not use statements made by defendants while in police custody unless the police have advised them of their rights. The case changed the way police handle those arrested for crimes. Before questioning any suspect who has been arrested‚ police now give the suspect his Miranda rights‚ or read them the Miranda warning. The
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Truman’s Decision to Drop the Atom Bomb HIS/120 Truman’s Decision to Drop the Atom Bomb On August 6‚ 1945 the B-29 Bomber the Enola Gay dropped the first Atomic bomb on the Japanese City of Hiroshima. Three days later the second atom bomb was dropped off the city of Nagasaki causing the conditional surrender of the Japanese. Weighing the Outcomes The Japanese were a very fierce adversary‚ the culture in which the only purpose of Japanese people was to support their Emperor. The ruler of
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question is not whether the PED is greater or less than one‚ but whether it is sufficiently high (for a lower price) or sufficiently low (for a price increase) to improve profits. The critical level of PED can be found by an application of breakeven analysis. We can take the current level of contribution to overheads and profit; and ask what the volume (units sold) must be to give the same level of contribution at the alternative price. Having found this critical volume‚ we can then compute what the
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