NAME: Onuoha Nkemjika CLASS: SS1a SCHOOL: Professor Enoch Anyanwu Christ’s Education (PEACE) College SUBJECT: Economics take home assignment. Questions: 1. Write the attributes and characteristics of partnership. 2. Discuss five types of co-operative society. 3. Discuss four factors that determine the form of a business unit. Answers: 1a. Transfer of ownership: In partnership‚ the transfer of ownership whether to a new or existing partner‚ requires approval of the remaining partners. 1b. Ease of
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Running head: ASSIGNMENT 1 ADMN 232 Assignment 1 ADMN 232 Administrative Principles Athabasca University As Executive Vice President and Chief Financial Officer of Potash Corporation of Saskatchewan‚ the world’s largest producer of potash‚ Wayne Brownlee has endured more turbulent financial volatility with a calm and confident ease than many in his position would be capable of. One of the largest challenges of his position as a top manager in the organization is making things
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ECON1001: Introduction to Economics I Problem Set I 1. You have planned to spend 9 days in Vienna during this Christmas and New Year season. You have reserved a round-trip ticket to Vienna‚ which would cost you $8000. You have also bought the ticket to Vienna Philharmonic’s New Year Concert‚ which cost you $200. You have wanted to attend the New Year concert for a long time and you are willing to pay $1000 to see it. Tickets to the concerts are nonrefundable and you cannot resell
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Introduction Poverty can defined as lack of resources when required or something which is not there but it is required the most. Economics is the science of how a particular society solves its economic problems. (Milton Friedman‚ 1912-2006) In many countries‚ poverty is quite a big problem and it also gives an idea about the economy of the country. Poverty seems to be a never-ending cycle. Many people in our society nowadays live in a very comfortable and wealthy condition‚ but more than a quarter
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Book: Principles of Economics (N. Gregory Mankiw) http://admin.wadsworth.com/resource_uploads/static_resources/0324168624/8413/Mankiw_TenPrinciple_Videos.html Introduction economy: Greek: the one who manages the household scarcity: the limited nature of society`s resources economics: the study of how society manages it´s scarce resources economy: a group of people interacting with one another as they go about their lives important: management of society´s resources; resources are scare
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Question 1) The presented situation best represents consumer-consumer rivalry. An auction is a consumer-consumer rivalry in which each consumer places bids to obtain what they are bidding for. Although Levi Strauss & Co. is the producer of the 110-year-old pair of Levi’s jeans‚ the company is in the position of consumer in an auction where the company is competing with other consumers. Question 2) The present value of $150‚000 to be received at the end of five years is: PV = (150000/(1.09^1)) +
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Principles of Economics (Common for Private Registration to BA History‚ Political Science‚ Sociology‚ & Islamic History Programmes) 1. a) b) c) d) e) In Economics the central problem is: money production consumption allocation scarcity 2. a) b) c) d) Macroeconomics deals with: the behaviour of firms. the activities of individual units. economic aggregates. the behaviour of the electronics industry 3. a) b) c) d) Microeconomics is not concerned with the behaviour of: firms. aggregate demand.
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Economics Chapter One: Ten Principles of Economics Scarcity – the limited nature of society’s resources Economics – the study of how society manages its scarce resources Principle #1: People Face Tradeoffs Making decisions requires trading off one goal against another A dollar/unit of time spent on one thing is one less dollar/unit of time less spent on another Common trade offs include: “butter for guns”‚ a clean environment or a high level of income & Efficiency – the property of society
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HNC/HND Business Spring Semester 2011/12 Marketing Principles Module Code: HNBS 104 An in depth study into marketing at Tesco [Word Counts: 2188] Submission date 18 May 2012 Submitted By: Table of Contents Introduction 2 The role of marketing 2-6 Vision and business objectives 2 Elements of the marketing process 4 Marketing orientation 6 Principles of marketing 7-8 Segmentation‚ Targeting and Positioning strategy 7 Buyer/Consumer
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Module 5 Assignment 1. What is a production function? Production function is equations used to show the relationship between quantities of capital‚ labor and other factor inputs that are used in production and output quantity of goods and services (GDP) from production. Write an equation for a typical production function‚ and explain what each of the terms represents. K (physical capital)/ L (quantity of labor) This equation shows you how much physical capital (equipment/structures) is
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