MBA Programme 2007 Period 1 – Jan/Feb PRICES AND MARKETS Core Course PUSHAN DUTT Date: 5th March‚ 2007 Time: 9am – 12noon Duration of the exam: 3 hours Closed-book exam (two A4 sheets allowed). You may NOT use a computer or a PDA Your answers must be in English Write all answers in a separate booklet‚ not on this question paper. At the end of the exam you can find blank pages as “scratch paper” for calculations. This exam is worth 200 points (you get an endowment of 5 points for showing up)
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contribute to rising gasoline prices. The major cause for increasing gasoline prices has to do with refining capacity. Even if oil were inexpensive‚ we would still have a problem converting it into the gas that fuels our economy. That is what keeps the gas prices high. When gas supplies are short‚ due to an “inability to refine crude oil into gas efficiently‚” prices increase. This is a component of supply and demand economics. In a positive aspect‚ rising gasoline prices do serve a purpose; they
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Homework Week 2 3. What effect will each of the following have on the demand for small automobiles such as the Mini Cooper and Smart car? a. Small automobiles become more fashionable This will increase the demand in small automobiles b. The price of large automobiles rises (with the price of small autos remaining the same) The demand will increase c. Income declines and small autos are an inferior good. The demand will increase d. Consumers anticipate that the price of small autos will
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Compare/ assess HSBC and Citi-corps IT strategies. Do they invest in IT primarily as a way of cutting costs and improving their operational efficiencies‚ or do they invest strategically with a view to entrench their competitive positions? As noted in the conclusion of the article written by the Asia Case Research Center and the University of Hong Kong HCBC and Citigroup have both developed into global financial institutions. Both organizations have heavily invested in Information Technology and
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What a language course can do Fill the gaps with the correct tenses. 1. I have been learning English for seven years now. 2. But last year I was not working hard enough for English‚ that’s why my marks were not really that good then. 3. As I want to pass my English exam successfully next year‚ I am going to study harder this term. 4. During my last summer holidays‚ my parents sent me on a language course to London. 5. It was great and I think I have learned a lot. 6. Before I went to London
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In his writings‚ George Washington felt very strongly that slavery was an institution that needed to be eliminated from American society. However‚ there were several circumstances that arose following the American Revolution that would prevent Washington from actively pursuing the elimination of slavery during his lifetime. It is certainly plausible that George Washington ’s personal economic short-comings‚ forefront in the setting of conflicting political agendas and the nation ’s revolutionary
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Reimbursement and Pay-for-Performance HCS 531 November 11th‚ 2013 Regina Pointer Introduction There is a growing trend in the United States called pay-for-performance. Pay-for-performance is a system that is used where providers are compensated by payers for meeting certain pre-established measures for quality and efficiency (What is Pay-for-Performance‚ n.a.). We are going to be discussing what pay-for-performance is. There are different aspects of pay-for-performance which include; the effects
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What Can We Be Sure Of? Humans cannot be sure of anything. The idea that we can know everything about our surroundings is absurd. The possibilities of everything we perceive being an illusion are endless‚ and there is frankly no way to distinguish the truth. To understand what our world really is‚ we must first understand ourselves‚ rather‚ our own thoughts. Yet in saying that‚ the mind itself is too complex for a mere human to understand‚ let alone to understand the entire world. “If our brain
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Skill-based pay refers to a pay system in which pay increases are linked to the number or depth of skills an employee acquires and applies and it is a means of developing broader and deeper skills among the workforce. Such increases are in addition to‚ and not in lieu of‚ general pay increases employees may receive. The pay increases are usually tied to three types of skills: • horizontal skills‚ which involve a broadening of skills in terms of the range of tasks • vertical skills‚ which
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Price discrimination is the business practice of selling the same good at different prices to different customers. Financial aid at colleges is the practice of offering discounts to some students based on their ability to pay. The students with the least ability to pay are offer lower prices or even 100% free tuition. Occasionally students even receive free room and board. The reason why financial aid for college is categorized as price discrimination‚ is because the student who do have solid financial
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