How the value of dollar is vaporized Throughout the history of currency‚ the true value of money has always been changing. Even today‚ the value of dollar is changing every day. It is hard to define the value of money‚ for economists‚ they may use gold/silver standard to value money; but in order to be closer to everyday life‚ I will use “milk” as a rule for measuring the purchasing power of money. Milk as an agricultural product‚ its production does not affect by the improvement of technology
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The Value Chain From Competitive Advantage‚ by Michael Porter Every firm is a collection of activities that are performed to design‚ produce‚ market‚ deliver‚ and support its product. All these activities can be represented using a value chain. A firm’s value chain and the way it performs individual activities are a reflection of its history‚ its strategy‚ its approach to implementing its strategy‚ and the underlying economics of the activities themselves. The relevant level for constructing a value
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What is Fair Value Accounting? An alternative approach to measurement that seeks to capture changes in asset and liability values over time. The International Accounting Standards Board (IASB) defines fair value as "... an amount at which an asset could be exchanged between knowledgeable and willing parties in an arms length transaction". Under the fair value measurement approach‚ assets and liabilities are re-measured periodically to reflect changes in their value‚ with the resulting change impacting
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enterprise value of USD 10.7 billion or on an 8.2x EBITDA Multiple. Goldman Sachs has invested USD 450 million in online social networking portal Facebook‚ which is valued as the number one social networking network at USD 50 billion. At an enterprise value of USD 50 billion‚ Facebook is trading at a multiple of about 100 times of its earnings. Newspapers and television channels make it their headlines whenever a major deal (private equity‚ acquisition‚ etc.) happens. And we normally wonder how these
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his own perspective into the work‚ showing their view of the world and how they define it. By doing so‚ the writer helps convey his or her own ideas/values in the piece and utilizes their commentary about the space and society around them to do so. With the play Macbeth‚ Shakespeare is no exception. Shakespeare manipulates the status change of characters‚ in the play Macbeth‚ to contribute to the conveying of the writer’s values and ideas by commenting on the world and society in which he lives. When
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VALUES AND LIFESTYLE OF THE “HIPPIES” Origins and Beliefs of the Hippies. The 1960s counterculture movement was comprised of the baby boomers who had grown into their teenage and young adult years in the 1960s‚ so they were often found in large numbers. The people involved were youths of America who were typically Caucasian‚ white‚ and middle-class‚ with ages ranging from fifteen to twenty-five. However‚ the conformity and peaceful times of the 1950s were not enough for their children‚ who were ambitious
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“DETERMINANTS OF CAPITAL STRUCTURE IN PAKISTAN” Capital structure refers to the combination of asset financing from different available sources. Normally the companies have two choices‚ either to finance the assets from internal source that is termed as retained earnings or from external source that splits into debt and equity. A firm’s capital structure is than the composition of its liabilities. In reality‚ capital structure of firms may be highly complex and consist of number of sources. These
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Personality and Values I. PERSONALITY A. What Is Personality? • Personality is a dynamic concept describing the growth and development of a person’s whole psychological system; it looks at some aggregate whole that is greater than the sum of the parts. • Gordon Allport coined the most frequent used definition: o “The dynamic organization within the individual of those psychophysical systems that determine his unique adjustments to his environment” • The text defines personality as the
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Value Chain Analysis “Value chain analysis (VCA) is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation.” The concept comes from business management and was first described and popularized by Michael Porter in Competitive Advantage: Creating and Sustaining Superior Performance 1985 The activity of a diamond cutter can illustrate the difference between cost and
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Personality and Values LEARNING OBJECTIVES After studying this chapter‚ students should be able to: 1. Define personality‚ describe how it is measured‚ and explain the factors that determine an individual’s personality. 2. Describe the Myers-Briggs Type Indicator personality framework and assess its strengths and weaknesses. 3. Identify the key traits in the Big Five personality model. 4. Demonstrate how the Big Five traits predict behavior at work. 5. Identify other personality
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