Theory of Demand Q. Distinguish between a normal goods & an inferior goods. Give examples in each case. Ans. Normal Goods are those in case of which a positive relationship between income & quantity demanded. Other things remains constant‚ quantity demanded increase in response to increase in income & vice versa. Inferior Goods are those in case of which there is negative relationship between income & quantity demanded. Other things remains constant‚ quantity demanded decreases
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5. Managerial Grid The x/y axis on the grid consist of two behavior dimensions‚ concern for people and concern for production. Concern for people is the degree to which a leader considers the needs of employees when deciding how tasks or jobs should be done. This can be personal or professional development. This behavior dimension moves along the y-axis. Concern for production is the degree to which a leader emphasizes objectives and productivity goals when deciding how tasks or jobs should
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colonies on the North American continent that became the United States? How and why do O’Malley’s estimates differ from those of other historians? What implications may his findings have for how Africans were absorbed into mainland society?” The New Demand for Slavery By the year 1790‚ slave trade became the dominant source of labor in the English colonies‚ and the Caribbean. The bound labor made it to America in two different routes‚ and often determined their worth‚ but they never became more than
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How do managerial accounting practices benefit business organizations? Nowadays‚ managerial accounting practice is practiced by many successful producers in Japan‚ Korea‚ China and others. Therefore‚ they are able to use their resources effectively and efficiently. Companies practicing managerial accounting are also able to maintain the quality of their products yet still offering reasonable price for their products. Managerial accounting differs from traditional financial accounting practice in
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What are the uses of National Income figures? Before understanding the uses of National Income figures it is of the utmost importance to define National Income and the three methods used to calculate it. National Income is the aggregate money value of goods and services produced by the factors of production over a given period of time in a country. It is the annual report and as a result it is referred as the real income‚ that is‚ income measured in terms of goods and services. When there is income
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ACT 5733 – Advanced Managerial Accounting Fall 2012 HW #3 Question #1 Consider the following potential investment‚ which has the same risk as the firm’s other projects: Time Cash Flow 0 -$95‚000 1 $20‚000 2 $24‚000 3 $24‚000 4 $24‚000 5 $24‚000 6 $32‚000 a) What are the investment’s payback period‚ IRR‚ and NPV‚ assuming the firm’s WACC is 10%. b) If the firm requires a payback period of less than 5 years‚ should this project be accepted? Answer: Yes it should accept
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ENERGY TECHNOLOGIES Gopala Krishnan K‚ Malathy Duraisamy‚ L S Ganesh Industrial Engineering and Management Division‚ Department of Humanities and Social Sciences‚ Indian Institute of Technology‚ Madras‚ Chennai 600 036‚ INDIA ABSTRACT DEMAND FOR ENERGY.................... This study attempts to understand the dynamics of energy use in the urban residential sector. For this purpose‚ a household survey was conducted in Chennai‚ a major metropolitan city in South India. The results
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Republic of India GLOBAL MACROECONOMICS Report By: Hina Sharma Executive Summary In this report I will discuss the current state of Economy of the Republic of India‚ the current economic challenges and recommended policy reforms. Key Findings: GDP Growth Of India Is Following A Downward Trend Since Q3 Of 2010-11 The Inflation Rate Is Persistent Investment Confidence Of Businesses Is Falling High Fiscal And Budget Deficit Are A Growing Concern High Corruption Is Affecting
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THE MANAGER’S JOB IN CONTEXT Mangers are the building blocks of an organisation. They are the first persons to be answerable for every good and bad that happened in any organisation. Their job is to look after many things that are happening in an organisation and maintain the path of an organisation smooth and competitive with less hurdles and disturbances. In order to achieve this‚ managers have to work both physically and mentally in many areas and they even have to make their employees to work
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owned by its stockholders. This could range from a single shareholder in a closely held corporation to hundreds of thousands of shareholders in a publicly traded organization. Furthermore‚ some of the key terms that associated with Corporate or Managerial finance would be Liability - financial claims towards an organization assets which is not consider equity‚ Cash flows which consider money moving through companies‚ Corporation which is a distinct legal entity and Assets that could help the business
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