Calculating Efficiency. Efficiency (%) = Useful Energy Out x 100 Total Energy In Questions 1) A light bulb takes in 30J of energy per second. It transfers 3J as useful light energy and 27J as heat energy. Calculate the efficiency. 2) A kettle takes in 2000J of energy per second. It transfers 1500J as useful heat energy and 500J is wasted as sound energy. Calculate the efficiency of the kettle. Remember: In the exam they may not
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Shared Services Costing Solution Value Driver: Helps in identifying correct adoption of costing method which facilitates a transparent cost chargeback to Business Units (recipient of shared services) with granular insight of the cost constituents. Introduction: In today’s highly cost conscious environment‚ enterprise wide cost savings can be achieved by consolidating common work and infrastructure by using Shared Services units. But Business units often complain that Shared Services end up costing
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Sessions 6‚ 7 & 8 Economic Efficiency y Consumer Surplus A buyer’s willingness to pay (WTP) for a good p y( ) g is the maximum amount the buyer will pay for that good good. WTP measures how much the buyer values the good. Example: 4 buyers’ WTP for an iPod name Anthony WTP $250 Chad 175 Flea 300 John 125 Consumer Surplus Q: If price of iPod is $200‚ who will buy an iPod‚ and what is quantity demanded? q y A: Anthony & Flea will buy
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To what extent does the law achieve justice? The literal meaning of justice is ‘the quality of being morally right and fair’ but there are various theories which can be considered and compared since they all define justice in a different way. Formal and concrete would need to be considered. Formal justice is concerned with the methods and procedures in place for decision making and allocating goods and services. It can be said that as long as procedures are fair and everyone has an equal chance
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What if humans were born without emotion‚ the ability to make choices‚ create relationships‚ have a sense of morality‚ experience loss‚ and have survival instincts? Imagine a world where people don’t feel anything‚ or nobody has a will to survive. You’re just there and existing. People may think that the world would be a better place. In some cases that could be true‚ but in reality these six things are what define us as humans. They are what draws us together and makes up our individuality. These
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A White Paper on Strategic BPO in the US Healthcare Industry The Current Healthcare Environment The healthcare environment today faces challenges that it has never seen before. The industry is under attack from every possible direction from cost containment‚ HIPAA (Health Insurance Portability & Accountability Act) compliance‚ lack of stability‚ to an uncertain future. After trying various managed care techniques and concepts the
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The research problem I intend to address in my thesis is‚ ‘What motivates employees to achieve better performance at work?’ The question of motivation has long been a central concern in organizational psychology‚ while performance itself remains elusive to measure and improve. As the world enters the second year of the most challenging recession since 1929‚ the time is ideal to consider ways in which productivity can be ramped up as a way of expanding GDP. Frederick Herzberg’s Two Factor theory
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In what ways are history and heritage similar‚ and in what ways are they different? For many years the difference between heritage and history has been confused. Often the line between the two is merged creating a general measure of difficulty when it comes to separating the two. ‘The relationship between heritage‚ history and memory has been subject to much debate recently among geographers‚ historians and cultural critics’1. However it is clear‚ that ‘Heritage is not history’2 and that ‘Heritage
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Millennials Future Lets face it the way Americas economy is looking right now the job market is in the dumpster. Millennials are working harder then ever to try and stand out from the rest of their peers so they can land a good job to support them on their own. This is putting millennials in between a rock and a hard place. In these day and age it’s almost required to have a college degree to have any chance of landing a good job to support you on your own. But these degrees come at a price and
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History of IKEA IKEA‚ the world’s largest furniture manufacturer‚ began from humble roots near Agunnayrd‚ Sweden. In the late 20’s and early 30’s a young Ingvar Kamprad began buying matchsticks in bulk‚ only to sell them individually to neighbors for a small margin. The business savvy boy expanded his sales to include Christmas cards‚ seeds‚ pens and pencils. But it wasn’t until‚ at the age of 17 with money he received from his father for his academic performance‚ did Ingvar have the means
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