TYPES OF CONTRACTS The risk shared between the buyer and seller is determined by the contract type. Although the firm-fixedprice type of contractual arrangement is typically the preferred type which is encouraged and often demanded by most organizations‚ there are times when another contract form may be in the best interests of the project. If a contract type other than fixed-price is intended‚ it is incumbent on the project team to justify its use. The type of contract to be used and the specific
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to Sinking or looting of ship businessman has to incur financial loss. It means the whole life atmosphere is full of uncertainties and risks. The need for gaining security from these losses brought insurance into existence. TYPES OF INSURANCE There are three types of insurance -: a) Life Insurance b) Fire Insurance c) Marine Insurance Life Insurance Life insurance originated for the first time in England on 18th June‚ 1583. On this day life insurance of Sh. William
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Source http://www.easy-lease.com/PublicSite/leasing/types-of-leases.aspx Types of Leases Capital Lease : Long-term‚ non-cancellable lease contracts are known as financial leases. The essential point of financial lease agreement is that it contains a condition whereby the lessor agrees to transfer the title for the asset at the end of the lease period at a nominal cost. At lease it must give an option to the lessee to purchase the asset he has used at the expiry of the lease. Under this lease
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individuals‚ social and economic well-being to enhance the quality of life for all. According to Farrant (2005) Education is a systematic‚ scientific way of passing on skills‚ impart knowledge and train faculties from one generation to the next‚ with intent to influence social and psychological behavior of individuals or groups of people to discover better ways of doing things and adding value to and improve way of life. This context will take an analytical approach to discuss the types of education that
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2. Types of translation. Types of translation classification. Administrative translation The translation of administrative texts. Although administrative has a very broad meaning‚ in terms of translation it refers to common texts used within businesses and organisations that are used in day to day management. It can also be stretched to cover texts with similar functions in government. Commercial translation Commercial translation or business translation covers any sort of document used in
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Question 1 A. Identify each of the following as either a positive or a normative economic statement: a. The high temperature today was 37 degrees. b. It was too hot today. c. Other things being equal‚ higher interest rates reduce the total amount of borrowing. d. Interest rates are too high. B. In order to attract Muro John to the position of CEO of GMO Tz Seed Company Inc. Muro is given the following package (a) a signing bonus of $200‚000. (b) In addition to his salary Muro will be paid
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rationale for allowing two integrated resorts to be built in Singapore. Why was there this change in policy? Question 2: Explain the economic impacts of the integrated resorts. Expected Economic Benefits from Integrated Resorts When the idea of building Integrated Resorts in Singapore was first introduced to the citizens‚ the government measured the expected economic benefits and social problems the Integrated Resorts would bring about. After much consideration‚ the government proceeded to build
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
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Economics for Managers 2e Paul Farnham Test Bank Sample Keywords: economics for managers 2nd edition economics for managers farnham economics for managers farnham solutions economics for managers farnham test bank Note: THIS IS NOT THE ACTUAL BOOK. YOU ARE SEARCHING for the Test Bank in e-version of the following book: Economics for Managers 2e Paul Farnham Source: http://economicsformanagersfarnham.wordpress.com/ Receive Solutions to Academic Problems within 24 hours! We have ALL the solutions
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