Assumptions of Monopoly Market: The monopoly describes an industry by comprising a single firm. In other words‚ the firm and the industry are one and the same. In the absence of regulation‚ monopolists can exercise control over the prices they charge for products and services. Of course‚ in reality‚ it is often difficult to define industries (whether in terms of product produced or area covered)‚ which often causes problems in defining monopolies. The three main assumptions of monopoly are: • Single
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MAC2601 May/June 2013: Suggested solution QUESTION 1 1.1 – C FIFO Method of valuation Date Receipts Balance December Quantity Price Amount Quantity Price 1 3 2562 350 7.32 Issues 7 300 100 Amount Quantity Price R 300 6.50 300 6.50 350 7.32 1950 732 250 7.32 6.50 7.32 Amount R 1950 1950 2562 1830 Cost of purchases of 350 units 350 units at R6.90 = R2 415 +Freight costs: R294*50%=R147 Total: 2562 R2 562/350 units = R7‚32 Therefore option C is correct. 1.2 - B 1.3 - D 1.4 - A R Fixed cost
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5. Explain why partnership working may be difficult in a multidisciplinary team. When all specialists and experts work with each other as part of a multidisciplinary team‚ together they accomplish better outcomes for children. Although at times working with other professionals can prove tricky. Personalities – Not everyone will get on‚ personalities may clash for many reasons. It is important to remain professional and treat others with courtesy and respect at all times as you will never get along
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governance: ------------------------------------------------------------------------ P168 1.3. Describe roles and responsibilities of: --------------------------------------------------------- P174 1.4. Describe the roles of external professionals who may work with a school: --------- P194 1.5a. Define the meaning of Aims: -------------------------------------------------------------------- P205 1.6b. Define the meaning of Values: ----------------------------------------------------------------- P206
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idea that ‘no one is above the law’. Everyone in the UK is subject to its laws‚ regardless of their attitudes. In court‚ the judge should remain neutral which supports the rule of the law as if they weren’t impartial they may discriminate against a party. Their faulty assumptions may lead to a wrongful verdict. Individual Liberty is the right to freely act and express ones beliefs‚ this is generally considered out of the governments control. An example of this British value is the protection of your
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Out of all types of conflict‚ those that exist between a person and himself can prove to be the toughest to overcome. This is because one can only rely on himself to solve the problem. In “The Life You Save May Be Your Own” by Flannery O’Connor‚ the major conflicts resides within Mr. Shiftlet. This man vs. self conflict involves the struggle in which Mr. Shiftlet tries to overcome his evil ways‚ but continues to fail in the shadows of his own selfishness. He attempts to undertake good deeds to help
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enter into adulthood. I recently read a poem titled‚ When I have fears that I may cease to be‚ written by John Keates. In this poem‚ Keats is writing about his fears in dying. He was dying he was afraid of three things‚ (1.) He was afraid he would cease to exist‚ what he means by this is he was afraid people would forget about him and the poems he wrote. (2.) He was afraid he would never be able to read anymore books‚ and (3.) He is afraid he will never be able to his true love again. Just like Keats
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Mergers and acquisitions may intensify in Indian FMCG sector: KPMG Sun Sep 19 2010 14:00:19 GMT+0530 (India Standard Time) by IANS ( Leave a comment ) New Delhi‚ Sep 19 (IANS) The food‚ drinks and consumer goods industry is likely to see a consolidaton in the coming months‚ with large size firms looking to improve margins by acquiring smaller peers‚ according to global consulting firm KPMG. “The Indian household and personal care market is likely to continue to see deal interest from strategic
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each other in order to achieve success. This theory message states that a person should take any necessary action to earn the highest income possible. Followers of this theory‚ including Andrew Carnegie‚ used this theory as fuel and became wealthy‚ greedy businessmen. Laissez-faire believers did not like this theory. They believed it caused corruption‚ and influenced people that there is a “sink or swim” economy. Railroad managers displayed little interest for patents. Many railroads manufactured most
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EFFICIENT MARKET THEORY AND TESTS Introduction Market Efficiency A market is said to be efficient if prices in that market reflect all available information. Market efficiency refers to a condition in which current stock prices reflect all the publicly available information about a security. Efficient market emerges when new information is quickly incorporated into the share price so that the price becomes information. In other words the current market price reflects all available information
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