"To serve and protect" that’s what the type of career path is‚ I would like to pursue. Ever since I was young I wanted to fulfill that motto. "To serve and protect" I started towards that goal by joining JROTC‚ wanting to join the military following high school‚ however while I grew older I started looking into joining the police department. As a result of me going to college and getting my degree in criminal justice will enable me to join the police department. Being a police Officer is just
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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The ancient Maya used a mathematical system that is “vigesimal.” A vigesimal counting system is based on 20 units (0 - 19)‚ instead of the 10 unit (0 - 9) based counting system that we use today called the decimal system. The decimal mathematical system widely used today is believed to have possibly originated by counting the number of fingers that the average person has. Counting with our fingers gives us our ten unit based metric system. It is believed that the Maya possibly began counting with
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AP Economics Chapter 3 practice questions Student: ___________________________________________________________________________ 1. In order to understand how the price of a good is determined in the free market‚ one must account for the desires of: A. purchasers exclusively. B. sellers exclusively. C. governmental agencies exclusively D. lobbyists exclusively. E. purchasers and sellers. 2. Which of the following is NOT true of a demand curve? A. It has negative slope. B
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Why does the Pope argue that socialism is an unacceptable economic system? Pope Leo XIII argues that socialism is an unacceptable economic system simply because it does not fall within the boundaries of natural rights. The Pope starts out by saying socialism strives off of the poor man’s envy of the rich by supporting the publication of private property. Pope Leo focuses on the rights of man given to him by nature‚ which‚ he claims‚ one of the rights is possession of private property. Man‚ by his
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Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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Content 1. Introduction…… …………………………………………………………………….….3 2. Traditional economics theories ………………………………………...……………….4 3. Cases where traditional economics doesn’t work……………………………………….6 4. Conclusions…………………….………………………………………………...….….10 5. Bibliography………………………………….………………………...………………11 1. Introduction. Economic theory is described as the result of the accumulation of knowledge. It is assumed that the opinions dominant today represent the highest stage of knowledge about the economy as
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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TYPES OF CONTRACTS The risk shared between the buyer and seller is determined by the contract type. Although the firm-fixedprice type of contractual arrangement is typically the preferred type which is encouraged and often demanded by most organizations‚ there are times when another contract form may be in the best interests of the project. If a contract type other than fixed-price is intended‚ it is incumbent on the project team to justify its use. The type of contract to be used and the specific
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There are three types of channel conflit: Vertical channel conflict‚ Horizontal channel conflict‚ and Multichannel conflict. Vertical refers to conflict between two different types of members within a channel (i.e. manufacturer‚ wholesaler‚ or retailier). An example of this can occur with BarnesandNoble.com and its sister store chain Barnes and Nobel Booksellers. A vertical conflict can occur when the entities offer different prices for the same product or different return policies. Horizontal
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