school and you see that there’s not much requirements to get into these schools as long as you have money for tuition. Those are what you call for-profit schools. Now the question is are these schools actually good for you? Can they help you in the long run or just give you classes and you’re on your own after you get the degree. I feel that for-profit schools should not be federally regulated because these colleges provide opportunities for students ignored and rejected by traditional colleges‚ they
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Economic loss Negligence covers a broad range of scenarios. Trespass to the person is actionable per se. The mere fact that your rights have been infringed means that you can sue. In negligence this is not the case. It needs to be shown that you have suffered damages. The damages in negligence can be economic loss. In Caparo the three stage test‚ Lord Bridge stated: “It is never sufficient to ask simply whether A owes B a duty of care. It is always necessary to determine the scope of the duty by
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2) Explain why a profit maximizing firm produces the output that equates marginal revenues to marginal costs (MR=MC). In a perfectly competitive market‚ producers are price-takers and consumers are price-takers. There are many producers‚ none having a large market share and the industry produces a standardized product‚ also free entry and exit of the industry. They produce using the optimal output rule: produce where marginal revenue equals marginal cost as Smith (1904) demonstrated. Figure
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net profit by 2015. The goal can be reached ONLY by changing and adapting the menu to a vegetarian one. Some loyal customers will be lost‚ because the veal cutlet sandwich will basically disappear from the menu by 2015. Nevertheless contribution margin is increased by giving advantage to products that have more contribution margin per limited resource. Analysis shows that vegetarian sandwiches are the future key success factors for the restaurants. Livoria cannot reach the 1.1M in net profit unless
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MEANING Profit maximization is the traditional approach and the primary objective of financial management. It implies that every decision relating to business is evaluated in the light of profits. All the decision with respect to new projects‚ acquisition of assets‚ raising capital‚ distributing dividends etc are studied for their impact on profits and profitability. If the result of a decision is perceived to have positive effect on the profits‚ the decision is taken further for implementation
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managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where
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1. [Sales Growth Rates‚ Sales‚ and Profits] Petal Providers Corporation opens and operates “mega” floral stores in the U.S. The idea behind the super store concept is to model the U.S. floral industry after its European counterparts whose flower markets generally have larger selections at lower prices. Revenues were $1 million with net profit of $50‚000 last year when the first “mega” Petal Providers floral outlet was opened. If the economy grows rapidly next year‚ Petal Providers expects its
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Chapter 1 The Goals and Functions of Financial Management Discussion Questions |1-1. |How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? | | | | | |It was the longest
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Situation A Facts of Situation A as it pertains to the Family and Medical Leave Act of 1993 (FMLA). • Employee A has been employed for over 1 year • Employee A was on extended leave due to the birth of a child • Company X has more than 50 employees • New Manager agrees to return Employee A to previous job and pay‚ denying pay for time off The FMLA states that an employee can be on extended leave up to 12 weeks without pay as long as certain provisions are met. In reviewing the facts of this
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organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature conservancy : Our vision is to leave a sustainable
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