Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics‚ here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words‚ using the same resources such as money and time‚ the best
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outlets. There are a number of factors on which quality fitness of garment industry is based such as - performance‚ reliability‚ durability‚ visual and perceived quality of the garment. Quality needs to be defined in terms of a particular frame¬work of cost. The national regulatory quality certification and international quality programmes like ISO 9000 series lay down the broad quality parameters based on which companies maintain the export quality in the garment and apparel industry. Here some of main
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THE NATIONAL CENTER FOR HIGHER EDUCATION RISK MANAGEMENT (NCHERM) CREATING A PROACTIVE CAMPUS SEXUAL MISCONDUCT POLICY BY: BRETT A. SOKOLOW‚ JD This Manual is intended to provide assistance in writing campus conduct codes‚ but is not given and should not be taken as legal advice. Before acting on any of the ideas‚ opinions or suggestions in this Manual‚ readers should always check first with a licensed attorney in their own jurisdiction. © 2001 NCHERM. All Rights Reserved. www.ncherm
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Money is a huge problem for students now a days going to college. Tuition costs are rising at alarmingly rates. Add that with eating out‚ shopping trips‚ gas for the car‚ the price of textbooks‚ not to mention dorm rooms for on campus students‚ and forget about out of state students you have a college student’s worst nightmare. College students drop out of school each year because they cannot afford it. Others are forced to juggle full schedules with full time jobs to make ends meet. It is becoming
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Have you ever wondered whether or not going through college was worth all the trouble of 2-4 years of extra education? There are plenty of reasons as to why young adults in high school should be pushed to go to college. Even though college isn’t for everyone‚ and there is the debate of debt after college‚ every student should get the option to go to college‚ and should be urged to make that decision earlier rather than later. Most students do it because of the fact that there is a higher chance of
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Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from
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their imagination. Even now‚ I can still catch a few glares of prejudice just by going about my daily life‚ but it just motivates me to work even harder to become successful. I chose to attend Brooklyn College not only because of the diversity on campus‚ but also because of the cost. The cost
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Cost accumulation systems Name Tutor Course College Date Generally‚ cost accumulation is the organized collection of cost data through a set of procedures and systems. According to an accounting business‚ they used a periodic cost accumulation system. This system only provides limited cost information during a certain period. The system requires end year adjustments to arrive at the cost of goods manufactured. In most cases‚ it is not considered a complete cost accumulation since the costs
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GM’s stock price‚ we can see that the stock price also decreased dramatically started in 2004 to 2008. In 2005‚ GM’s stock traded around $19 per share and reached the lowest of $1.45 per share on March 2009. Source: Auditing and Assurance Services Textbook page C11-C13. 2. In referencing professional standards‚ what factors auditors should consider in evaluating potential going-concern uncertainties? Auditors are required to consider evidence obtained and accumulated throughout the audit and make
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Chapter 4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value
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