because I sent Delilah to act on my behalf and according to agency relationship it clearly states that in a principal-agent relationship‚ the parties agree that the agent will act on behalf and instead of the principal in negotiating and transacting business with third persons (Roger LeRoy Miller‚ 2008). An agent id empowered to perform legal acts that are binding on the principal and can bind a principal in a contract with a third person (Roger LeRoy Miller‚ 2008). There are other principles that can
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Business Economics 2012 Table of Contents Q1) Explain (using example) the law of diminishing marginal productivity (DMP). Also‚ explain the difference between the law of DMP and law of returns to scale............................................................. 3 Q2) Explain how profit maximizing output is determined in a .............................................................. 9 a) Perfect competitive market ........................................................................
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Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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INTRODUCTION TO ECONOMICS Exercise 1 1. What determines that a resource be scarce? Why is scarcity important in defining Economics as a science Resources are seen as being scarce‚ when the wants exceed the resources. The fundamental problem of economics relates to the choices made in the face of limited resources and unlimited wants. 2. Read your local newspaper and economic magazines. Explain the difference between Microeconomics and Macroeconomics. From your research‚ give three examples
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2014 Examination Course : Business Economics SEM : I Program : DSM / DBM / PGDBM /DHRM /PGDHRM /DMM/ PGDMM /DFM /PGDFM /DITM /PGDITM /DBFM / PGDBFM /DSCM /PGDSCM //DFPWM /DRM /PGDRM Assignment Marks: 30 Instructions: All Questions carry equal marks. All Questions are compulsory. Answer to each assignment question should not exceed 1500 words. Use relevant examples‚ illustrations as far as possible. Copying of assignments from other students is strictly not
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to E-Business & E-Commerce Chapter 1: Framework for ECommerce Topics Covered Objectives How big is E-Business? What is E-Commerce? What is E-Business? How does E-Business differ from ECommerce? E-Commerce Framework Summary Further reading 2 April 25‚ 2012 Objectives Describe briefly the past‚ present and future of e-business Describe e-commerce Provide an example Provide an example Describe e-business Differentiate between e-commerce
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Chapter 8 Answers Stat 2601 M & S 357-358 (ELEMENTS) 8.11‚ 8.13‚ 8.14 M & S 363-364 (LARGE SAMPLE) 8.24‚ 8.26‚ 8.29‚ 8.30‚ 8.32 M & S 371-372 (P-VALUE) 8.48‚ 8.51 M & S 378-379 (SMALL SAMPLE) 8.66‚ 8.67‚ 8.68 M & S 383-386 (PROPORTIONS) 8.74‚ 8.78‚ 8.80 M & S 392-394 (POWER OF A TEST) 8.95 M & S 397-401 (POPULATION VARIANCE) 8.111‚ 8.113 8.11 (2 points) Use of herbal therapy. According to the Journal of Advanced Nursing (January 2001)‚ 45% of senior women (i.e.‚ women
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Types of Surveys QNT/561 - Applied Business Research and Statistics 5. In the following situations‚ decide whether you would use a personal interview‚ telephone survey‚ or self-administered questionnaire. Give your reasons. a. A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision. To survey residents of a new subdivision‚ I would
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EXERCISES ON BUSINESS VOCABULARY ADVERTISING / MARKETING / PUBLIC RELATIONS 1. We are a dynamic young company selling capital equipment to the catering industry. We wish to appoint an energetic and innovative_________________________ professional to initiate‚ develop and test out ideas for widening our customer base. 2. We are an independent________________________ agency seeking a senior account executive to control a number of consumer and business-to-business accounts. 3. As Press
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ECO1ISB Introductory Statistics for Business Assignment 2: Inferential Statistics |Hand out: |Week 7 | |Hand in : |Week 11 | 1. [8 marks] What are parameters and statistics (or estimates)? List two of the parameters and their corresponding statistics that were covered
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