1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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parts of a firm’s financial plans. 4. After-tax cash flow is equal to earnings after tax plus noncash charges. 5. The statement of cash flows shows the effects of a firm’s operating‚ investing‚ and financing activities on its cash balance. 6. The percentage of sales forecasting method is used in estimating the amount of additional financing that a firm will need for a given increase in sales‚ based on certain assumptions about the relationship between sales and the various asset and liability
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Business and Economic Environment Assignment Brief Assessment Activity Front Sheet This front sheet must be completed by the learner and included with the work submitted for assessment. Programme Advanced Diploma in Contemporary Contexts Unit Module Business and Economic Environment Learner Name Assessor Name Lilian Onuegbu Date Issued 21 February 2014 Hand in Date 16 May 2014 Submitted on Internal Verification Yes
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the discount rate used to determine present values. Thus‚ all managerial decisions should be analyzed in terms of their effects on value‚ as expressed in this equation. Q1-3 Describe the effects of each of the following managerial decisions or economic influences on the value of the firm: A. The firm is required to install new equipment to reduce air pollution. New equipment installed will increase the operating cost. And the sales may increase if the customers have positive attitude to
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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CARIBBEAN EXAMINATIONS COUNCIL Caribbean Advanced Proficiency Examinations Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road‚ Kingston 5‚ Jamaica‚ W.I. Telephone Number: (876) 920-6714 Facsimile Number: (876) 967-4972 E-mail address: cxcwzo@cxc.org Website: www.cxc.org Copyright © 2008
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conduct (or behaviour) of firms within a market . T he concentration ratio measures the extent to which a market or industry is dominated by a few leading firms. Normally an oligopoly exists when the top five firms in the market account for more than 6 0% of total market sales. Characteristics of an oligopoly T here is no single theory of price and output under conditions of oligopoly. If a price war breaks out‚ oligopolists may choose produce and price much as a highly competitive industry
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Lesson I 1 Previewing‚ Rehearsing‚ and Showing the Presentation Once the presentation is done‚ the next thing that you should consider is how the presentation should run. Therefore‚ it is important to preview and rehearse a presentation before the final show. While rehearsing a presentation‚ timings may be set to see how long its running time is. Slide timings can be set in two ways: automatically through rehearsal or manually in the Slide Transition task pane. Adding Timings through Rehearsal
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To Kill a Mockingbird – Harper Lee “Courage is not the absence of fear‚ but rather the judgment that something else is more important.” (Johnson‚ Samuel) Courage is something that lives in all of us; however‚ many don’t use the virtue. Many let the aspect of fear interfere with being brave and courageous. Often enough‚ people overlook the main objective of pursuing something because they are scared of the minor problems which may or may not occur based on the situation. When people are put
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Essay Prompts and Info. 1. Assess the validity: “Jacksonian Democracy was a myth”- Thesis: Some argue that Jacksonian Democracy was a myth but examples such as the spoils system‚ the universal white male suffrage‚ and increase in voter turnout prove that it was in fact Democratic. Paragraph 1: Spoils system- rewarded political supporters with public office‚ gave more “common” people a chance to be a part of the public office and lessened the amount of “literate” men. Paragraph 2: Universal
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