* * Yogi’s Minimum * Case 08-4 * * Background * * A public utility company‚ Big Bear Power‚ has signed a 10-year non-cancelable lease from Goliath Company for a combustion turbine. The lease agreement is signed on December 15‚ 2004 and Big Bear has the right to use the turbine as of January 1‚ 2005. * Annual lease payments are $1 million per year‚ payable ratably over 12 months at the beginning of each month‚ according to the lease agreement. The minimum rent
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States meet their demand of Power from the state run generating stations. The power of the generating stations from the central utility i.e. NTPC has been allotted to various states using the GADGIL formulae of capacity allocation. The states used to meet their peak hour supplies from the short term power purchases from various power utilities. These Power utilities used to charge exponentially during the peak load when the demand of the generation rises during the peak load times of the day or
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Psychological Bulletin 1998‚ Vol. 124‚ No. 2‚ 262-274 Copyright 1998 by the American Psychological Association‚ Inc. 0033-2909/98/S3.00 The Validity and Utility of Selection Methods in Personnel Psychology: Practical and Theoretical Implications of 85 Years of Research Findings Frank L. Schmidt University of Iowa John E. Hunter Michigan State University This article summarizes the practical and theoretical implications of 85 years of research in personnel selection. On the basis of meta-analytic
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Compare and contrast public goods‚ private goods‚ common resources‚ and natural monopolies Public goods is a product that an individual can consume without decreasing its accessibility to another individual and without segregation. Economists refer to public goods as "non-rivalrous" and "non-excludable". National defense‚ sewer systems‚ public parks and basic television and radio broadcasts all fall into consideration for public goods. One problem with public goods is the free-rider problem that
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What Makes an Issue a Moral Issue? A moral issue is an issue that is not black and white. A person must make a decision depending on their own personal values and act according to these values to make the right decision. An action must involve the person evaluating in what they believe in and ask themselves why they believe this. In order to make the proper decision in a moral issue‚ a person must be ethically fit to make the right choice. The resolution to this situation will almost never
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“Why do some people get paid more than others?” Pay in the private sector is a matter of demand and supply‚ sometimes influenced by market imperfections. In the public sector the picture is less clear cut‚ but the public sector must be considered if only because in so many countries it is such a major employer. (It would be a big mistake to assume that MRP doesn’t affect the public sector just because it doesn’t exist in most of the public sector. Since public sector employees have alternative
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In Defence of Anti-Piracy In “In Defence of Piracy‚ (Well‚ some piracy)” (http://www.macopinion.com/columns/curmudgeon/99/01/28.html)‚ Matthew Ruben argues that it should be perfectly ethical for a person to download popular single songs off the Internet without paying for them‚ although he against wholesale downloads on entire albums. He argues that much of the demand created for these singles come from widespread advertisement and as such there is a lot of impulse buying of CDs. He also reasons
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The Knife of Never Letting Go Patrick Ness "But a knife ain’t just a thing‚ is it? It’s a choice‚ it’s something you do. A knife says yes or no‚ cut or not‚ die or don’t. A knife takes a decision out of your hand and puts it in the world and it never goes back again." “The Knife of Never Letting Go” by Patrick Ness‚ is truly‚ an extraordinary piece of literature. The story is about a boy named Todd‚ who is about to be a man‚ in one month’s time. Todd lives in the New Word‚ a world where
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what steps need to be taken to find a solution. Business research is an important step to understand the options for resolution‚ benefits and consequences of a solution and mitigate as much risk as possible. Describe Issue ABC Company is a public utility company with 10‚000 employees and over 5 million customers. They have identified they are struggling to become more innovative as they are resource constrained and cannot keep up with the adoption of technology‚ nor the updates necessary on their
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The ATHENIANS – Economic thought from great Athenian and Greek philosophers Oeconomicus by Xenophon He wrote one ofthe earliest economic text in existence – mainly focuses on Ideas regarding households management – how to manage a economic household – payment of the bills‚ saving money – a successful household is created from moderation and hard work or your household will fall apart The Republic by Platon in his book he mostly talked about the iideas of democratic and republican forms of government
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