MEANING OF MANAGERIAL ECONMICS (M.E) Managerial economics/applied microeconomics can be defined as the use of economic analysis to make business decisions involving the best use of organizations scarce resources/the application of economic theory and the tools of analysis of decision science to examine how an organization can achieve her objectives most efficiently. M.E may also be defined as the study of economic theories‚ logic and methodology‚ which are generally applied to seek solutions
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Audit Sampling Using Statistical Methods Presented By: Abhishek Agrawal AUDIT SAMPLING • Application of an audit procedure to less than 100% of the items in a population – Account balance – Class of transactions • Examination “on a test basis” • Key: Sample is intended to be representative of the population. APIPA 2009 2 SAMPLING RISK • Possibility that the sample is NOT representative of the population • As a result‚ auditor will reach WRONG conclusion • Decision errors – Type
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represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution the marginal increase in revenue ( MR) is MR= 1‚000- 10p The costs are not greater than or equal to the benefits‚ thus offsetting any benefit from installing the equipment and the pollution reduction. In order to determine whether or not the cost of installing the capital equipment outweighs the benefits of the equipment‚ one must fix the level of pollution reduction and determine the optimal
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Language A and Humanities Assessment First of all I would like to thank everyone here today. I will begin with the reason that we gather here. We are here to commemorate the past and visualize a better future. We are here to grief for the dead and bring hope to the next generation. Over the last one-hundred days‚ over eight hundred thousand men women and children died in what is now known around the world as “A Hundred Days of Slaughter.” I know the pain and suffering you have been through
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INTRODUCTION : Managerial accounting is concerned with providing information to managers – that is ‚ people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes ‚ procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advanced
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Awareness and knowledge is a type of challenge faced by someone. This is when someone for example an old person isn’t aware of what is available for them‚ this includes funding and moving into a care home. Awareness and knowledge is a challenge which can be overcome by using an educational information material. The health carer should sit down with the patient and inform him or her about the funding help which is available for them. Or the health carer could just give the patient a leaflet or tell
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regulation tells centres of the steps that are included and that they must follow for good health and safety procedures in a centre. Centres need to ensure all equipment and the facilities are maintained and are used appropriately. Also the code of ethics explains the correct procedures in case of an emergencies. Furthermore centres encourage families and the community to minimise the spread of infections. These are some of the regulations within the code of ethics. The benefits of this relation in relation
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"Every event can be viewed from multiple perspectives". I agree entirely with this aphorism for the reason that I have experienced a situation in where my perspective was utterly changed. I used to think that by no means possible this could come about. But‚ as one can see; it came about to me. I had an idea in my head‚ an idea that was carved in stone. An idea that I thought would never change no matter what perspective I saw it from‚ the idea that abortion is wrong. Well‚ just because of a little
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------------------------------------------------- Analysis of Case Study from a Perspective of Human Development across the Life Span From the angle that the case study has been presented‚ I as the school’s social worker have been tasked to look into the case of “Yasmin” a previously high achieving student who has recently been scoring low grades and is reportedly moody. We have been informed that she lives with her mother and five other siblings. Their ages were not presented‚ and as such‚ we
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Explain giving examples how the reliance on journalists working in commercial media constraints the ability of media advocates Explain how an elitist theory of democracy and focus on mainstream journalism constraints the ability of media advocates How would media advocacy look like if informed by a participatory theory of democracy? Explain giving examples Why is democracy a dangerous form of government? Explain. Democracy includes a genuine competition for power. Explain Democracy permits mass participation
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