differences between the Stanford Binet Intelligence Scale and the Wechsler Intelligence Scale. Intelligence: According to the Oxford Dictionary in psychology terms intelligence is the general mental ability involved in calculating‚ reasoning‚ perceiving relationships and analogies. It is also the ability to learning quickly‚ storing and retrieving information‚ using language fluently and adjusting to new situations. Stanford -Binet Intelligence Scale In 1857-1911 Alfred Binet invented the method
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Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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Returns to Scale Returns to scale is a concept that tries to explain the behaviour of the output in relation to the change in the total scale of operations of the firm. A change of scale of operations means a change in the total size of the firm‚ i.e. a change in both labour and capital of the firm. For determining the returns to scale‚ we need to calculate the Output Elasticity where: Output Elasticity = % change in Output/% change in all inputs The different types of returns to scales are:
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Economies of scale are the main drivers of corporate gigantism in the 20th century. Economies of scale simply refers to the cost benefit achieved with an increasing output / product unit. Economies of scale exist due to the inverse relationship between quantity produced and per-unit fixed costs ; the higher the quantity produced‚ the lower the cost per unit. Economies of scale can be seen in an orange juice production. The more orders ‚ or the more fruits‚ the growers harvest‚ the more savings
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“Mr. Holmes‚” they call you‚ pulling you out of your reverie of your younger days filled with laughter‚ books and only two young boys‚ “You may see him now.” They lead you down a corridor‚ distance eaten up by your long strides‚ your umbrella a faithful companion. You see frames of artwork on your right‚ but it does not interest you‚ nay‚ it was the left that enraptures your mind. The setting sun gives a golden glow to the trees outside that sheds their leaves‚ the seasons slowly transitioning to
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influencing the Credit Rating Score used by Alpha Credit Rating Ltd. ‚Risk factors influencing the credit rating score used by Alpha Credit Rating Ltd.‛ Submitted To: Ms. Farhana Firoz Senior Lecturer‚ School of Business North South University Submitted By: Mohammad Akib ID: 092-0237-030 School of Business North South University i|P age Date of Submission: April 21‚ 2013 Risk factors influencing the Credit Rating Score used by Alpha Credit Rating Ltd. ‘‘Risk factors influencing
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• Houses are swapped every ten years • Houses are three storeys‚ made of hard stone • The roofs are raised to the horizontal with concrete • They use glass for the windows. Social relations/arrangements in Utopia. • Households are the smallest social unit - no less than ten adults and no more than sixteen. • Households are governed by the oldest male. • Wives are subordinate to their husbands‚ children to their parents and younger people generally
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On September 4‚ 1908‚ Richard Wright born on a farm in Mississippi. However He was the first son born to Nathan Wright‚ a sharecropper‚ and Ella Wilson Wright‚ a schoolteacher. While Wright was a child‚ his father abandoned the family for a woman. Wright’s mother became seriously ill‚ and the family forced to live with various relatives. However‚ Wright and his brother spent time in an orphanage. The boys eventually settled to live with their grandmother. Wright attended a Seventh - day Adventist
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ECONOMIES OF SCALE Economies of scale are basically the increase in efficiency of production as the number of goods being produced in a firm increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Fixed costs are those costs of production that do not change when output changes. There are two types of Economies of Scale: Internal economies External economies Internal
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Thomas Jefferson was born in Albemarle County‚ Virginia‚ in 1743. At that time‚ slavery had been in Virginia almost 75 years (Jefferson’s Views on Slavery). Thomas Jefferson was intelligent and shy‚ however‚ his writing skill was a powerful weapon. In 1774‚ he wrote A Summary View of the Rights of British America. This booklet devoted many ideas for one of his most famous compositions – the Declaration of Independence. It was written in 1776. and this document is about not only human rights but
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