join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where marginal revenue equals marginal
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Is ABC suitable for your company? --Using Estrin‚ Kantor and Albers’ contingency grid‚ If an organization’s score puts it in Quadrant three‚ Is ABC implementation recommended? Explain. Is their method "foolproof?" Abstract Nowadays‚ we know that activity based costing system assigns overhead costs to products or services products that using a two-stage process‚ which focuses on activities. ABC is a relatively new and very important topic in managerial accounting. ABC allows us to find a way
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MIDTERM REVIEW BY CHAPTER LEARNING OUTCOMES Chapter One Learning Outcomes 1 Describe what management is. Good management is working through others to accomplish tasks that help fulfill organizational objectives as efficiently as possible. 2 Explain the four functions of management. Henri Fayol’s classic management functions are known today as planning‚ organizing‚ leading‚ and controlling. Planning is determining organizational goals and a means for achieving them. Organizing is deciding where
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NT 1310 Triple Play Marketing In telecommunications‚ triple play service is a marketing term for the provisioning‚ over a single broadband connection‚ of: two bandwidth-intensive services‚ high-speed Internet access and television‚ and the latency-sensitive telephone.Triple play focuses on a combined business model rather than solving technical issues or a common standard. However‚ single standards like G.hn do exist to deliver all these services on a common platform. A so-called quadruple
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Chap14: E-Business Multiple Choice 1. What is the buying and selling of goods and services over the Internet? A. E-business B. E-commerce C. E-market D. E-mall Ans: B Level: Easy Learning Outcome: 14.1 Response: This is the definition of e-commerce. 2. What is the conducting of business on the Internet‚ not only buying and selling‚ but also serving customers and collaborating with business partners? A. E-business B. E-commerce C. E-market D. E-mall Ans: A Level: Easy
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Outcome research refers to a branch of public health which looks into the end results of the structure as well as the processes of the healthcare system and the wellbeing and the health of the patients and the populations at large. The outcome research usually assists in the gaining of an understanding of the end results of certain healthcare interventions and practices (Johns Hopkins University‚ 2017). The end results of an outcome research include issues such as the effects that the people tends
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one who is able to manage the diversity in their very own companies. No matter who are the workers‚ what is their race‚ religion‚ and so forth‚ they still manage to have a very good rapport and relationship in the circle of the organizations. Regardless of their languages or beliefs‚ they tend to complete one task magnificently. To make it short‚ this diversity lies in their cultural intelligence‚ or CQ. Therefore‚ for the 21st Century business leader to succeed in a competitive cross-border environment
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Topic: Why are some people socially excluded? Are they excluded by society or by their own behaviour? Some people are socially excluded by the combination of their own behaviour and the society which will be explained below. It is however important‚ to understand what it is to be socially excluded. Macmillan dictionary define socially as an activities that involve being with other people especially for enjoyment‚ it also define exclusion as a situation in which someone is deliberately prevented from
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determines whether employees are using drugs. Many companies have adopted drug testing policies in the work places. The testing is done to determine whether they use‚ or have used alcohol and drugs such as amphetamines‚ marijuana and cocaine. The companies have implemented the drug testing policies by sharing written policies with all the employees. For that matter‚ the companies have laid diversified strategies in mitigating the effects of drug use in the workplace. They have done this through educating
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known as World War 1. WW1 had been going on since June 28‚1914 to November 11‚1918. The two sides of the war were fought by the Triple Entente and the Triple Alliance. The Triple Entente had consisted of Great Britain‚ France‚ and Russia. The Triple Alliance had consisted of Austria-Hungary‚ Germany‚ and Italy. WW1’s end was when the United States had joined the Triple Entente and sent thousands of fresh soldiers to Europe and destroyed Germany’s soldiers. There were many ways WW1 had started. A
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