commodity Types of utilities: T f ili i Form utility Place utility Time utility Possession utility Service utility Knowledge utility The Production Function The production function refers to the physical relationship between the inputs or resources of a firm and their output of goods and services at a given period of time. time. The production function is dependent on different time frames. Firms can produce for a brief or lengthy period of time. Inputs - are resources that contribute in the production
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sense of telepresence‚ copresence‚ and social Oldernburg R (1999) The great good place. Da Capo Press‚ Cambridge‚ MA Pollan M (2006) The omnivore’s dilemma. Penguin Books‚ New York Putnam RD (2000) Bowling alone Reeves B‚ Nass C (1996) The media equation: how people treat computers‚ television and new media like real people and places. Cambridge University Press‚ Cambridge Samani HA‚ Cheok AD (2010) Towards a formulation of love in pp 94–99 Steuer J (1992) Defining virtual reality: dimensions determining
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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Maxwell Ampere Equations R. M. Kiehn (in preparation - last update 10/31/97) Physics Department‚ University of Houston‚ Houston‚ Texas Abstract: The topological universality of the Maxwell Faraday and Maxwell Ampere equations is an artifact of C2 differential forms on a domain of dimension n * 4. Starting with a 1-form of (electromagnetic) Action‚ the Maxwell Faraday equations become a consequence of the Poincare lemma. Starting from an N-1 form density‚ the Maxwell Ampere equations become a consequence
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FUNCTIONS OF FINANCE Finance function is the most important function of a business. Finance is‚ closely‚ connected with production‚ marketing and other activities. In the absence of finance‚ all these activities come to a halt. In fact‚ only with finance‚ a business activity can be commenced‚ continued and expanded. Finance exists everywhere‚ be it production‚ marketing‚ human resource development or undertaking research activity. Understanding the universality and importance of finance‚ finance
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Essential Elements of a Contract “A contract is an agreement that can be enforced in court. It is formed by two or more parties who agree to perform or to refrain from performing some act now or in the future.” (pg 208) Recently I was faced with a situation regarding a contract that was not in writing and I had to explain that as long as a verbal contract contains the four essential elements of a contract it is binding. We are so accustomed to seeing contracts in writing that many people assume
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Assess sociological explanations of the role of the mass media in creating moral panics about crime and deviance (21 marks) There are many sociological explanations about the role of the mass media in creating moral panics about crime and deviance for example the mass media can create moral panics in many ways like imitation‚ arousal‚ desensitisation and target of crime. According to item A ‘the news media are one of our main sources of knowledge about crime and deviance’. This means that the information
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Personal Budget Explanation 1. Personal financial goals: It is such a good idea to get financial goals written out right in front of me‚ (not just financial goals‚ but any goals!). I think the process serves as a good reminder of what needs to be accomplished and where priorities should be. I have checked three off the list‚ and it probably would have taken me longer had I not written these out! I always forget how good it feels to “check” things off. 2. Develop financial plans and strategies
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Function of Art Art connects people by offering an idea they can relate to. It is important as it helps to improve and learn in areas of communication‚ expression‚ and historical understanding. Another reason art is important is its interwoven relationship with culture on the basis that culture is articulated and influenced by art. It is a way to communicate and express ones thoughts and dreams through cinema‚ dance‚ literature‚ music‚ painting‚ sculpture‚ and theater. As a child I grew up
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The Stages of development according to Dr. Montessori and an explanation of what happens during each “re-birth”. Dr. Montessori defined 4 stages of development. She identified that within these stages of development it is intense at the beginning‚ consolidates and then tapers to the next stage. She talks about the re-birth of a child and describes it like passing through a kind of metamorphosis. The 1st and 3rd stages are periods of intense creation‚ while the 2nd and 4th stages are the calm periods
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