1. What do substitutes refer to in economics? Give an example of two substitutes. This would be the thing or good that someone or a company might buy to replace another good at a cheaper cost. So for example if a company is using cotton to make parts for their product and the price of cotton goes up the company may look for a substitute of another fabric that works the same at a lower price for time being. Another example might be glass and plastic. A company might use glass bottles to hold their
Premium
Strayer University ECO 550 Week 1 Homework Chapter 1 2. A principal-agent relationships involves the owners (principals) delegating decision-making authority to managers (agents). A conflict occurs when the agents pursue acceptable levels of shareholder wealth and profit rather than a maximization of profit. They are pursuing their own self-interests. One way that the agents act in their own self-interests would be by focusing on long-term job security. This could cause the agents to limit
Premium Supply and demand
| PROJECT BASED LEARNING | SMART HOUSE/HOME | | Foundation in Computing | March 2011 Intake | This document contains the requirements for the Foundation in Computing March 2011 intake’s Project-Based Learning initiative. It is a group project assignment that covers certain aspects of the coursework assessment for the following subjects: Introduction to Computing (COMF 0314)‚ English 1 (COMF 0013) and Practical IT Skills (COMF 0324). The project contributes 15%‚ 20% and 20% to the final
Premium Computer Home automation Introduction
The House of Commons The House of Commons is the lower house of the UK parliament and has been the dominant chamber for over a century. Parliamentary sovereignty- a central principle of the British Constitution gives parliament legislative supremacy. The parliament has the main say in laws. Motion of no confidence- the House of Commons can bring down the government with a vote of no confidence. The result of this is that all of government must resign and parliament is dissolved. There have only
Premium
The Early Years Educator follows the current early year’s framework in the development of children’s school readiness. D1 Describe how practitioners support children’s readiness for school The way practitioners use reflective practice through transitions is to let the child learn their experiences and let the next school or their parents know what the experiences are as they have grown up. This could be recorded in different ways for example in an email to the next school or a book with the child’s
Premium Education Teacher School
1888PressRelease - Caribbean New York Fashion Week 2014 is a fashion event showcasing some of the Caribbean emerging and established Fashion Designers Collections‚ Caribbean Models and highlights of Carnival Costume Designs. New York‚ NY - Caribbean New York Fashion Week (CNYFW) 2014 Fashion Event "new date" begin on Sunday - September 7th through 10th 2014. Our Event Venue is THE OUT NYC‚ 510 West 42nd Street‚ NYC (between 10th & 11th Avenue). Caribbean New York Fashion Week 2014 is produced by Face
Premium New York City Jamaica Fashion
leading to his inevitable passage into adulthood happening at an earlier stage in life than it should have. Louise Erdrich foreshadows this in the first chapter of The Round House through the image of the Handbook of Federal Indian Law‚ by Felix Cohen. This book symbolizes Joe’s mental coming of age and his rapid maturation into the new realm of adulthood. It is first evident that this book is a representation of Joe’s
Premium Family Mother High school
Unit 212 Provide Support to Manage Pain and Discomfort Outcome 1 Understand approaches to managing pain and discomfort 1.1 Holistic care takes care of the whole person not just the physical needs (eg. Pain) but it also their mental and emotional needs (eg. Being afraid‚ not knowing what’s wrong)‚ their social needs and their spiritual needs. This is important because the purpose is to ensure the individual is comfortable and brings peace and dignity as well as supports the individual’s family.
Premium Pain Sleep Opioid
TASK ONE FOR ENGL 1111 Instructions: I. Create a new Word document and save it on your H drive with the following document title: “Task1_ENGL_YOURLASTNAME.doc” Be sure to write your actual last name in the title where I have written “YOURLASTNAME.” Thus‚ I would save my document with this title: “Task1_ENGL_Seward.doc” Also‚ be sure to save the document in .doc format—NOT .docx. If you do not know how to do this‚ ask a fellow student or the instructor. II. Once you have created the document
Premium Microsoft Word Microsoft Office English-language films
University of Phoenix Material Week One Health Care Financial Terms Worksheet Worksheet Submitted By: Nadine Girard Term Definition Scenario Controlling Controlling for a financial manager in the health care industry is following through to ensure that the resources obtained are efficient towards the organizations objectives. The basis and reason for control is setting the policies and planning elements. The control function with management ties with the planning function because this consists
Premium Management