...is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soy beans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not? a. No he is not. He could be earning $100 more per acre and gaining that in economic profit. 2. (Explicit and Implicit Costs) Determine whether each of the following is an explicit cost or an implicit cost: a. Payments for labor purchased in the labor market i. Explicit b. A firm’s use of a warehouse that it owns and could rent to another firm i. Implicit c. Rent paid for the use of a warehouse not owned by the firm i. Explicit d. The wages that owners could earn if they did not work for themselves i. Implicit 3. (Alternative Measures of Profit) Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations: a. A firm with total revenues of $150 million, explicit costs of $90 million, and implicit costs of $40 million i. Accounting Profit: $60 Million ii. Economic Profit: $20 Million b. A firm with total revenues of $125 million, explicit costs of $100 million, and implicit costs of $30 million i. Accounting Profit: $25 Million ii. Economic Loss: $5 Million c. A firm with total revenues of $100 million, explicit costs of $90 million, and implicit costs of $20 million i. Accounting Profit: $10 Million ii. Economic Loss: $10 Million d. A firm with total revenues of $250,000, explicit costs...
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...The Internal Rate of Return 7 .8 percent is comparatively low to the minimum set for the company which is 8 percent . For an investment of 30 million and a projected gain of 11 .6 million in the next seven years is rather low as compared to what other projects can bring . The acquisition of new plant is although a good option but yet it is not very useful option as the investment in the entire plant can be risky and can put a lot of burden on the entire company 's budget , it is suggested that the company should buy a warehouse to support the growing needs of the customers for ice cream and yogurt . Another problem would be related to the labor hiring which would result in more costs . The Internal Rate of Return of 11 .3 percent is higher than the minimum value...
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...PRODUCTIVITY AND GROWTH CHAPTER SUMMARY IF THE POPULATION IS CONTINUALLY INCREASING, AN ECONOMY MUST PRODUCE MORE GOODS AND SERVICES SIMPLY TO MAINTAIN ITS STANDARD OF LIVING, AS MEASURED BY OUTPUT PER CAPITA. IF OUTPUT GROWS FASTER THAN THE POPULATION, THE STANDARD OF LIVING RISES. An economy’s standard of living grows over the long run because of (a) increases in the amount and quality of resources, especially labor and capital; (b) better technology; and (c) improvements in the rules of the game that facilitate production and exchange, such as tax laws, property rights, patent laws, the legal system, and customs of the market. The per-worker production function shows the relationship between the amount of capital per worker in the economy and the output per worker. As capital per worker increases, so does output per worker, but at a decreasing rate. Technological change and improvements in the rules of the game shift the per-worker production function upward, so more is produced for each ratio of capital per worker. Since 1870, U.S. labor productivity growth has averaged 2.1 percent per year. The quality of labor and capital is much more important than the quantity of these resources. Labor productivity growth slowed between 1974 and 1982, in part because of spikes in energy prices and implementation of costly but necessary environmental and workplace regulations. Since 1983 productivity growth has picked up, especially since 1996, due primarily to information...
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...cost of not raising soybeans. Actually, McCoy is experiencing an economic loss. According to our theory, he should get out of the corn business and begin growing soybeans. This question highlights the important distinction between accounting profit and economic profit. 2. (Explicit and Implicit Costs) Determine whether each of the following is an explicit cost or an implicit cost: a) Payments for labor purchased in the labor market b) A firm’s use of a warehouse that it owns and could rent to another firm c) Rent paid for the use of a warehouse not owned by the firm d) The wages that owners could earn if they did not work for themselves a) explicit; b) implicit; c) explicit; d) implicit 3. (Alternative Measures of Profit) Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations: a. A firm with total revenues of $150 million, explicit cost of $90 million, and implicit costs of $40 million b. A firm with total revenues of $125 million, explicit cost of $100 million, and implicit costs of $30 million c. A firm with total revenues of $100 million, explicit cost of $90 million, and implicit costs of $20 million d. A firm with total...
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...TABLE OF CONTENT THESIS STATEMENT………………………………………………… …… 3 1.0 INTRODUCTION: ……………………………………………………. 4 1.1 THE ROOTS OF THE KIKUYU PEOPLE …………………………….4 1.2 WEDDING CELEMONIES……………………………………………..4 2.0 A LOOK IN TO AGIKUYU TRADITIONAL WEDDING…………4 2.1 NJURIO _ (proposal)……………………………………………………4 2.2 KUHADA ITHIGA _ (planting the ‘spear’)............................................5 2.3 RURACIO – (Dowry)…………………………………………………...5 2.3.1 BEHIND THE LESO…………………………………………………..6 2.4 NGURARIO _ (MARRIAGE CEREMONY)………………………………………7 2.4.1 EVE OF THE WEDDING……………………………………………..7 2.4.2 WEDDING DAY………………………………………………………..7 2.4.3 EVENING PARTY…………………………………………………………………..8 3.1 AFTRE THE CELEMONIES ……………………………………………………..8 4.1 TODAYS WORLD……………………………………………………………………..9 5.1 EFFECT OF URBANIZATION AND MODERN CULTURE TO THE RADITIONAL MARRIAGE……………………………………………9 5.2 SEXUALITY AMONG THE KIKUYU………………………………..10 5.2.1 POLYGAMOUS………………………………………………………10 5.2.2 CONJUGAL RELATIONS………………………………………….11 5.3 COME-WE-STAY……………………………………………………..12 6.0 CASESTUDY………………………………………………………………………12 6.1 Are luo Men and Kikuyu Women Compatible, Fidel Vs Veronica…………………12 6.2 INFIDELITY OF KIKUYU WOMEN………………………………………….…13 6.3 LET ALL NO TO WIFE INHERITANCE ……………………………………..……13 7.0 CONCLUTION………………………………………………………………………………13- 14 8.0 REFERENCES………………………………………………………15 THESIS STATEMENT Having being brought up in central Kenya in kikuyu land by my grandmother, my cousin Wanja always wanted to have a traditional...
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...Experiment 02-Software Requirement Specification · Objective: To learn Software Requirement Specification (SRS) and design the documentation for given project. · Background: A software requirement specification (SRS) is a comprehensive description of the intended purpose and environment for software under development. The SRS fully describes what the software will do and how it will be expected to perform. · Pre-requisite: The general format of SRS consists of: · Functional Requirements Definition · Functional requirements are a subset of the overall system requirement. · These requirements are used to consider system behavior. · Trade-offs may be between hardware and software issues. · Non-functional Requirements Definition · It measures the documentation and the inputs for the various requirements in the system. · System Evolution · Starting from the specification and the data base schema, on how the system should be designed. · SRS Template for documentation Human resources system Software Requirements Specification Version 1.0 01/09/2015 Benita Jeyakumar Lead Software Engineer 1.0. Introduction - Human Resources System 1.1 Purpose The main purpose of human resources system is to maintain records regarding the employees of the company and to gather feedback from the users. The system includes information related to: · Employee records database · Recruiting management · Performance record ...
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...New Belgium Brewery | A new approach | | | GM591 Course Project GM591 Course Project TABLE OF CONTENTS I. INTRODUCTION II. PROBLEM STATEMENT III. LITERATURE REVIEW IV. ANALYSIS V. SOLUTIONS VI. REFLECTION VII. REFERENCES I. The New Belgium Brewing Company in Fort Collins, Colorado was founded by Jeff Lebesch in 1989. The highly motivated entrepreneur started with a different yet simple concept; brew a better beer than anyone else. So Jeff went into the basement of his home and started working on several different brews, but specifically worked to perfect his two signature beers and the first mass produced products; Abbey and Fat Tire. It took just two years for the company to grow large enough that the basement was no longer sufficient and New Belgium moved into its first commercial brewing space and has continued to grow from there. The brewery has grown to the size that produced and sold over 580,000 barrels of beer in 2009 and expects to sell over 700,000 barrels in 2010 (JUICEBOX, 2010). The revenue generated by New Belgium has helped to make the brewery the 8th largest in the United States (JG Press, Inc, 2003). New Belgium beer is brewed exclusively at the Fort Collins location and is now available in 26 states from coast to coast (JUICEBOX, 2010). The company has grown from a dream in a man’s basement to currently utilizing over 200 employee owners and boasts sales of over 32 million dollars in 2009 (JUICEBOX, 2010). NBB...
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...Investigations are carried out to determine if Facebook’s strategy is effective in staying ahead of its competitors. It was found out that Facebook faced a few major problems. Intellectual property disputes with Harvard based houseSYSTEM’s creator, Aaron J. Greenspan and ConnectU had affected Facebook’s public image in 2004. Privacy issues problems forced Facebook to repetitively apologize to its users and made many amendments to its products. In late 2007, Facebook encountered over capacity in its data centers resulting in a drop in its user visiting Facebook website. With the existence of its competitors, MySpace and Twitter, Facebook found it challenging to expand its operation. It was recommended that Facebook should remain friends with its competitors and engaged in a collaborative alliance in developing technologies for the social network platform. Ensuring adequate privacy user controls is the key to customer satisfaction; therefore regaining trust back from Facebook’s user is crucial in its maintaining good business-customer relationship. 2 II. Statement of the Problem Since the day of its incorporation in 2004 until today, Facebook has faced several issues that affect the relationship with its customers and competitors. These issues can be categorized into intellectual property disputes, privacy controls and advertising ads controversy, network capacity, market...
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...2nd Edition Disasters and Development Disaster Management Training Programme GE.94-02894 Disasters and Development 2nd Edition Module prepared by: R.S.Stephenson, Ph.D. DHA Disaster Management Training Programme 1994 Disaster and Development This training module has been funded by the United Nations Development Programme in collaboration with the Office of the United Nations Disaster Relief Coordinator for the Disaster Management Training Programme (DMTP) in association with the University of Wisconsin Disaster Management Center. This material draws substantially on the work of Mary Anderson and Fred Cuny, and on United Nations Development Programme and World Bank Guidelines. The draft for this text was reviewed by Yasemin Aysan and Ian Davis, Oxford Polytechnic Disaster Management Centre and Gustavo Wilches-Chaux. Editorial services, including design, educational components and formatting, have been provided by InterWorks. Design consultation and desktop publishing have been provided by Artifax. Cover Photo: Destruction of a bridge by flood waters. VIZDOK photo The first edition of this module was printed in 1991. Utilization and duplication of the material in this module is permissible, however, source attribution to the Disaster Management Training Programme (DMTP) is required. 4 CONTENTS Introduction .................................................................................................... 7 The relationship between disasters...
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...Jeffery Clyburn 2/18/2015 MIS 535 Professor B. Herniter The shipping industry is advantageous in moving warehouse goods and personal items from destination to destination. The internal workings of the shipping industry is comprised of a system of conveyor belts along with trained professionals that process packages from one destination to the next. A major flaw in the transitioning of packages is misdirection and the use of antiquated processing systems. These delays with time sensitive material jeopardize customer loyalty and the competitive edge within the shipping industry. This paper addresses these issues and provides some insight and reasoning to the problem; as well as, solutions. Table of Contents Introduction 3 Company Background 4 Business Problems 6 Benefits of Solution 9 Solutions 10 Alternatives 12 Vendor 13 Technical Description 14 Process Changes 16 Selection 18 Evaluate each alternative 19 Pick the best solution 20 High-Level Implementation Plan 21 Conclusion w/ summary 22 Table of Figures 23 Works Cited 24 Introduction The package shipping industry provides a critical global service to the worldwide corporate, private, and residential sectors. With the advent of E-commerce emergence over the past few decades, the internet has provided businesses and individuals with availability and access to warehouses of items at the touch of a button. These items must still be packaged and shipped from one destination to the next....
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...Research Goal The main goal of doing a project on AMBUSH MARKETING is to know that how it take advantage of situations which allow brands/products to get extra exposure at minimal cost. Research Objectives 1. To examine the unethical issues in the advertising industry. 2. Determine the need of Ambush Marketing. 3. To analyze the measures of Ambush Marketing. 4. To study whether Ambush Marketing is ethical or unethical. Research Questions 1. What are the measures to combat Ambush Marketing? 2. Is it ethical for a company to ambush an event? 3. Why do brands with excellent reputations get into this? Research Methodology The methodology of the study includes study of library references and latest literature on the various educational sites, and compilation of the secondary data and information obtained from various journals. My research methodology will be doctrinal as well as non-doctrinal in nature and therefore data will be collected from both primary and secondary sources. The method of research would be deductive as conclusion would be drawn after the analysis and interpretation of data collected ------------------------------------------------- CHAPTER 1 ------------------------------------------------- UNETHICAL PRACTICES IN ADVERTISING INDUSTRY The field of advertising is extremely broad and diverse. Advertising is a form of communication intended to persuade the viewers, readers or listeners to purchase or take some action upon...
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...| Zero Tolerance for Ineffective Zero Tolerance Policies | Can Zero Tolerance be Tolerated? | | Terrance Baker | LAWS310 | 12/14/2009 | Students are being handcuffed, arrested and expelled for possession of a butter knife or water gun, punishment that disproportionately targets African-American students, students being alienated and never returning to school after being suspended or expelled are all byproducts of the zero tolerance policies adopted by their school district. School administrators have abandoned common sense due to their adherence to zero tolerance policies by applying the same discipline to students that are guilty of minor offenses and non-violent rules violations, or just poor judgment as they due to students that are repeat offenders that pose serious threats to the safety of the school. Under the Zero Tolerance policies African-American students are suspended at an approximate rate of 2.3 times that of Caucasian students nationally even when socio-economic factors are taken into consideration. These one-size fits all policies are also contributing to the elevated dropout rates related to repeated use of suspension and expulsion. The illusion that zero tolerance policies are making our schools safer has blinded school administrators to the fact that these draconian policies are contributing to the education problem in America. | Abstract . The Zero Tolerance policies that have been implemented in public school systems has eliminated...
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...Apple: The Giant Innovator Lawrence and Han Nway Oo Team Chimpanzee Yonsei University Apple: The Giant Innovator In only a few years, Apple has grown to become the leading brand for phones, laptops, and mp3s among other technological devices. Macbook, iPhone, iPad, and iPod, the inventions and properties of Apple, are dominating and influencing the mind of teenagers and even the elders alike with its advanced functions and applications that aren’t replicable by brands. Apple’s attainment in this century has led the people to wonder the reason behind its achievements. What kind of organizational and corporate structure does Apple pursue to possess the successes? How does Apple motivate its employees in the work environment? Some give credit to the innovator of Apple, Steve Jobs, whose unorthodox style of leadership is the foundation of the company’s management. Although Apple’s organizational structure, corporate culture may seem to be a new style of management, it is inherently a cultural approach. In addition, it is Steve Jobs who is at the top of the chain of command reinforcing cultural management through his leadership, pursuit of skilled employees, and his firm grounding of corporate culture. Apple is a US-based consumer electronics company known for its ability to come out with path-breaking products. The work culture, propelled by a passion for new products with no trepidation to challenges and obstacles, exemplifies its intense work ethics. The employees...
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...after the date of publication. The information represents the product at the time this document was printed and should be used for planning purposes only. Information subject to change at any time without prior notice. This whitepaper is for informational purposes only. MICROSOFT MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS SUMMARY. Microsoft, Active Directory, PowerShell, SharePoint, SoftGrid, Windows, Windows Media, the Windows logo, Windows Vista, and Windows Server are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks are property of their respective owners. Table of Contents Table of Contents ii Introduction 1 Make Your Infrastructure More Efficient with Virtualization 1 Server Virtualization with Hyper-V 2 Presentation Virtualization with TS RemoteApp 3 Access Corporate Networks Remotely with Terminal Services 4 Terminal Services Gateway 4 Terminal Services Web Access 5 Single Sign-On 5 Hosting Secure Web Applications with Ease 6 Introduction 6 Built on a Proven and Trusted Platform 6 An Industrial Strength Web Server 7 Optimize by Running Only What You Need 7...
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...Strengths and weaknesses of different methods[1] Strengths and Weaknesses of Questionnaires A questionnaire is a list of written questions that can be completed in one of two basic ways. Firstly, respondents could be asked to complete the questionnaire with the researcher not present. This is a postal questionnaire and (loosely) refers to any questionnaire that a respondent completes without the aid of the researcher. Secondly, respondents could be asked to complete the questionnaire by verbally responding to questions in the presence of the researcher. This variation is called a structured interview. Although the two variations are similar (a postal questionnaire and a structured interview could contain exactly the same questions), the difference between them is important. If, for example, we are concerned with protecting the respondent’s anonymity then it might be more appropriate to use a postal questionnaire than a structured interview. Questionnaires are restricted to two basic types of question: Closed-ended (or “closed question”) is a question for which a researcher provides a suitable list of responses (e.g. Yes / No). This produces mainly quantitative data. Open-ended (or “open question”) is a question where the researcher doesn’t provide the respondent with a set answer from which to choose. Rather, the respondent is asked to answer "in their own words". This produces mainly qualitative data. Strengths: Good for measuring attitudes and eliciting...
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