...PRINCIPLES OF ECONOMICS 2 PRINCIPLES OF ECONOMICS What is Economics? Economics is the study of the choices we make when there is Scarcity, or a limit in resources. I like to compare the idea of Economics in many ways to being in a family. A family has to make many choices and decisions. A family must decide what each member does to help contribute, such as who cooks and who washes the clothes. In brief, a family should consider the ability, efforts and desire of each member. Just like a family, our society faces many choices. There are alot of jobs that require different people, with the skill set to do those jobs. A society must decide what jobs should be done and who should be chosen to do the jobs. Societies need people to plant or grow food, make clothes and some to design computer software. Once society distribute people and machines to do different kinds of jobs, they should also distribute their products and the time and qualities of their works. Sometimes there is a lack of resourses. Resources in society are very important. If society lacks in resourses, than we would be unable to produce the products. Without products we would not be able to achieve the highest standard of living we look forward to. In Economics there are four ways of thinking. The first way of thinking is by using assumption. Using this method makes things simpler, by focusing on what really matters. The...
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...Determining why job satisfaction is low. We all know how stressful it can be trying to balance work and your personal life outside of work. Job satisfaction is an important part of nurse’s lives that can influence on patient safety, productivity, and performance, quality of care, and commitment to the profession. This paper is to identify why job satisfaction is low due to low pay, no opportunity, lack of fair rewards, and stress. By improving on these four sources would improve on the job satisfaction. Autumn care began in April of 1979 by two gentlemen, Gerald Cox and J.R. Garrett, with the futuristic vision or Nursing Home Care for the elderly. Autumn Care is 24 facilities strong in the 21st Century and continues to grow and change as time dictates. With all of the long-term Care regulation, Autumn Care strives to be the leader in providing quality hands on for long-term care population in the States of North Caroline and Virginia. (J.R.Garrett, 2012) Autumn Care is dedicated to the promotion of health and growth for all patients, staff, personnel, and for the people in the local community. Therefore the company believes in the self respect of the person, recognizing that each person has physical, mental, emotional, and spiritual needs and the these needs must be respected. This respect is reflected in the tireless efforts of the staff of this facility to serve and preserve life and to prepare for its termination when death is inevitable through spiritual support, understanding...
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...Road King Trucks Case Analysis Abstract This paper is an analysis of Road King Trucks’ new project which is introducing a new product into its product line. I will decide whether run the project or not. Six issues will be discussed as follows 1) importance of energy cost; 2) project’s cash flows; 3) cost of capital; 4) choose an engine 5) evaluation 6) accept or reject. We should accept the project because of the positive NPV and high IRR. We will gain $532 million in wealth which is a big money on the scale like this. The company has a bond rating of AA that makes the risk relatively low. So we should definitely say yes. Issues Importance of Energy Cost Road King Trucks, Inc. is a truck manufacturing company. The new CEO Michael Livingston arranged a meeting with the firm’s top managers and engineers considering introducing a large, public transit bus into its current product line. As the oil prices keep going high and have no sign of decreasing. Mr. Livingston thought it would lead people more likely to use public transportation. The price of gas has gone up for the 30th day in a row, and with it tempers are rising. Increased demand for public transportation is expected to continue into the spring [1]. The impact of high oil prices makes people more willingly to use public transportation and there will be an increase of riders. The company should adapt itself to the changes of market. Now it is a fashion to be “Green”. People show great environmental consciousness...
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...www.vtpi.org Info@vtpi.org 250-360-1560 Transit Price Elasticities and Cross-Elasticities 25 May 2012 Todd Litman Victoria Transport Policy Institute Abstract This paper summarizes price elasticities and cross elasticities for use in public transit planning. It describes how elasticities are used, and summarizes previous research on transit elasticities. Commonly used transit elasticity values are largely based on studies of short- and medium-run impacts performed decades ago when real incomes where lower and a larger portion of the population was transit dependent. As a result, they tend to be lower than appropriate to model long-run impacts. Analysis based on these elasticity values tends to understate the potential of transit fare reductions and service improvements to reduce problems such as traffic congestion and vehicle pollution, and understate the long-term negative impacts that fare increases and service cuts will have on transit ridership, transit revenue, traffic congestion and pollution emissions. Originally published as “Transit Price Elasticities and Cross-Elasticities,” Journal of Public Transportation, Vol. 7, No. 2, (www.nctr.usf.edu/jpt/pdf/JPT 7-2 Litman.pdf), 2004, pp. 37-58. Todd Litman 2004-2011 You are welcome and encouraged to copy, distribute, share and excerpt this document and its ideas, provided the author is given attribution. Please send your corrections, comments and suggestions for improvement. Transit Elasticities and Price...
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...the Environment The environment has become nowadays more than an ideological question; it is now a matter of survival. Indeed, most scientists argue that the North Pole ice will melt, flooding the entire surface of the earth; that oil wells will dry in 50 years and we are the last generation that can do something to save the planet. Therefore, Governments must do something, especially the U.S. that refused to ratify the Kyoto Agreement contrary to French government. Actually, environment is one of the cause of the anti-Americanism in Europe in general, and in France in particular. I have been living in the U.S. for 9 months now, and the way U.S. individuals and politicians cope with this issue is different compared to where I come from. France efforts to reduce the human footprint on earth are far more significant than the U.S. The French were very shocked when the U.S. refused to sign the Kyoto agreement. French consider Americans as energy wasters who damage the Earth with their energy-inefficient cars, the absence of efficient public transportation in cities, the absence of a real passenger train network and waste of energy in houses, etc. France discharges 3 times less CO2 per inhabitant than the USA: 8 tons per inhabitant per year compared to 24 tons for the United States of America. This phenomena is due mainly to: The importance (almost 80%) of nuclear power plants in the production of electricity in France; the much lower gas consumption of European cars; the more...
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...average rainfall for 2011 till april location JAN FEB MAR APR MUMBAI 110 65 11.9 32 NEW YORK 33 98 44 555 CAIRO 16 678 56 89.09 MADRID 79 11 77 32 TOKYO 444 98 123 123 TORONTO 22 232 445 45 DALLAS 40.98 54 66.01 77.8 AMSTERDAM 43 55 35 65 DELHI 45 122 64.03 132 CHILE 24 66.9 21 33.8 If there are images in this attachment, they will not be displayed. Download the original attachment Prepositions Exercises on Prepositions Prepositions are short words (on, in, to) that usually stand in front of nouns (sometimes also in front of gerund verbs). Even advanced learners of English find prepositions difficult, as a 1:1 translation is usually not possible. One preposition in your native language might have several translations depending on the situation. There are hardly any rules as to when to use which preposition. The only way to learn prepositions is looking them up in a dictionary, reading a lot in English (literature) and learning useful phrases off by heart (study tips). The following table contains rules for some of the most frequently used prepositions in English: Prepositions - Time English Usage Example on days of the week on Monday in months / seasons time of day year after a certain period of time (when?) in August / in winter in the morning in 2006 in an hour at for night for weekend a certain point of time (when?) at night at the weekend at half past nine since from a certain point of time (past till now) since 1980 ...
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...The stench of the young. The moving classroom was filled with it. The surrounding crowd were the producers of said stench. Another name for them would be teenagers. Hormone filled, sex craving teenagers that couldn’t give a single damn what anybody had thought of any of them. He smelt it as he walked into the larger than life van and traded money for a piece of silky paper stating that he was allowed on this particular van at this moment in time. This was routine. He sat down on the seat he claimed as his own, his throne, some might call it. During the process, the man jerked slightly to the left as the bus started gaining momentum. It had begun. Towards the rear end of the bus, there was a man; a tall, slender and sopisticated looking man. What he was doing there was not known to anyone. His looks had made the impression that this tall man was going to work, possibly as an office job. His hairy face and lousy posture could suggest that he did not like the particular job that he held. Surrounding him were the teenagers. What they were doing did not impress the tall man. This had included screaming into his ear holes any names that they had thought of that particular day and spraying their latest up to date ‘smell good powder’ (which clearly does not work) around him. This had not impressed the tall man. The expression upon his face had given the impression that he was bound upon this moving two-story room against his own will. The sex-craving teenagers sensed this upon...
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...April that was attended by over 70 members of the public. At this meeting our primary topic was the impact of the tram in West Ealing. Our aim was to provide a forum for local people to hear at first hand the arguments for and against the proposed tram. Many concerns about the effect of the tram on West Ealing were raised at this meeting. At the end of the meeting we asked for a show of hands about taking the step of talking to TfL about these concerns. The show of hands was overwhelmingly in favour of West Ealing Neighbours raising these concerns with TfL. With this mandate in mind, we have produced this short paper outlining the concerns of West Ealing Neighbours and other members of the public who attended our meeting. Summary of concerns Our concerns are grouped under the following headings: • Deterioration in north south access for road and bus traffic and greater congestion at the Lido Junction • Damage to an already declining shopping environment on West Ealing Broadway • Why is it necessary to divert road traffic in West Ealing and not at the equally narrow parts of the Uxbridge Road at Southall, Hanwell, Ealing Broadway and Acton High Street? • Re-routing of road traffic along unsuitable side roads • Access to local roads and Sainsbury’s • Inadequate consideration given to the impact on West Ealing’s elderly population • A reduced public transport service to the important...
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...Road Kings Trucks Abstract This paper is an analysis of Road King Trucks’ new project which is introducing a new product into its product line. I will decide whether run the project or not. Six issues will be discussed as follows 1) importance of energy cost; 2) project’s cash flows; 3) cost of capital; 4) choose an engine 5) evaluation 6) accept or reject. We should accept the project because of the positive NPV and high IRR. We will gain $532 million in wealth which is a big money on the scale like this. The company has a bond rating of AA that makes the risk relatively low. So we should definitely say yes. Issues Importance of Energy Cost Road King Trucks, Inc. is a truck manufacturing company. The new CEO Michael Livingston arranged a meeting with the firm’s top managers and engineers considering introducing a large, public transit bus into its current product line. As the oil prices keep going high and have no sign of decreasing. Mr. Livingston thought it would lead people more likely to use public transportation. The price of gas has gone up for the 30th day in a row, and with it tempers are rising. Increased demand for public transportation is expected to continue into the spring [1]. The impact of high oil prices makes people more willingly to use public transportation and there will be an increase of riders. The company should adapt itself to the changes of market. Now it is a fashion to be “Green”. People show great environmental consciousness to the world...
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...This paper is submitted only as an example of a mental health survey and may not be plagiarized in part or whole. This paper is property of the respective authors and may not be copied or quoted in any form. Mental Health Windshield Survey 2010 Census Data Summary:Prior to starting, research 2010 census data for the county you select http://quickfacts.census.gov/qfd/states/12000.html Include age, race, household types, growth patterns, unemployment rate, etc. Include a summary paragraph here: | The population estimate for the city of Venice for 2011 is 20897. This is an increase by .7% from 2010 which was estimated at 20748. Persons over 65 represented a whopping 57% while younger than 18 stood at 7.5% Caucasians accounted for 97.3% of the population with 93% being a high school graduate or higher. The home ownership rate is 73% with the median income being 48K. Venice city covers a mere 15.27 square miles but abounds with things do, places to eat and people to meet, most of who are retired of course. | Boundaries: Select an urban area with walking traffic/business storefronts. Attach a Google map with at least an 8 x 8 block boundary highlighted. Does the neighborhood have an identity or name? Do you see it displayed? Are there unofficial names for the area? Is the area primarily commercial, industrial or residential or a mix? | From quaint boutiques to modern department stores, the area of Venice we explored had almost everything within bike riding distance...
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...“Online reservation of tickets for Victory Liner Bus Corporation-Caloocan” Chapter 4 Summary, Conclusion and Recommendation The purpose of this chapter is to summarize the thesis research or suggest research and policy recommendations for further analysis. The first section of the chapter will discuss the objectives of the research and the methodology used to accomplish the analysis. A summary of the major results will be described. The second part of the chapter will discuss the policy implications of the research and propose recommendations for further research both on the online reservation systems. The overriding purpose of this study was to determine the relative importance of the online reservation system from the consumers. To accomplish that goal it became necessary to reach some prerequisite goals. Once these fundamental steps were achieved, this research was able to go forward. This chapter reports the conclusions and recommendations that resulted from this study. 39 | Page 39 | Page “Online reservation of tickets for Victory Liner Bus Corporation-Caloocan” Summary It was year 1945 when Victory Liner Bus Company was established the major role of the company is transportation industry. It is owned by Mr. Jose Hernandez of Victory Liner Bus Corporation in the Philippines. The existing system in Victory Liner Bus Company - Caloocan uses an old and not updated system in generating reports such as reservation, vacancy and other forms. The...
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...queensland. Customers as strangers Strangers are those customers who have not yet had any transaction( interaction ) with a firm and may not even be aware of the firm. Take me as an example, I remembered the first time that set my foot on Brisbane was around 2 years ago, at that time, I have no idea about translink. My homestay dad and housemate told me that I need to buy a go card to take public transportation, which is easy and convenient. My housemate took me had the first experience by public transportation from my place to uni. And she told me I need to learn how to take bus. Believe it or not, at that time, I thought what?! I’m not 3 years old, of course I know how to take it. But it turns out, I do need to learn. I saw my housemate hail to the bus when it comes. And the bus driver say good day to us. It was such a surprise to me, coz in my hometown if we hail, it means we gonna grab a taxi, plus the bus driver rarely say hi to passengers, we don’t have communication btw drivers and passengers, if that happen, we might...
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...CHAPTER 14 Human Capitalism Parachuting cats into Borneo — Stopping the waste of people — Curitiba’s web of solutions — Faster travel without freeways — Subways on the surface — Simple, fast, fun, and cheap — When garbage isn’t garbage — No hunger pangs — A place for living — A symbol of the possible W H AT D E S T I N AT I O N D O E S O U R S O C I E T Y W A N T T O R E A C H , A N D H O W W I L L I T get there? Lessons in what not to do can often be found in cities, where most officials, overwhelmed by a flood of problems, try to cope by naming and solving them one at a time. If they are faced with congestion, their answer is to widen streets and build bypasses and parking garages. Crime? Lock up the offenders. Smog? Regulate emissions. Illiteracy? Toughen standards. Litter? Raise fines. Homelessness? Build shelters, and if that seems to fail, jail the loiterers. Insufficient budget to fund all these competing priorities? Raise taxes or impose sacrificial austerity, to taste. Disaffected voters? Blame political enemies. Sometimes single-problem, single-solution approaches do work, but often, as previously described, optimizing one element in isolation pessimizes the entire system. Hidden connections that have not been recognized and turned to advantage will eventually tend to create disadvantage. Consider what happened in Borneo in the s. Many Dayak villagers had malaria, and the World Health Organization had a solution that was simple and direct. Spraying DDT seemed...
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...Term paper proposal GEN- 201 Name: saf de ID: 2010-1-40-040 This research paper is part of my course requirement Gen-201 that was assigned to me. The research paper is based on the most happening concern of Dhaka city- Traffic congestion. Dhaka, the capital city of Bangladesh is burdened with many different problems, namely housing problem, sanitation problem and problem related to water logging, etc. Yet, among many other problems, the city has been experiencing severe traffic-problem which is a common phenomenon in our daily life. Dhaka city situation is more alarming mainly due to vehicular movement and traffic jam. There are different types of vehicular namely, car, bus, jeep, truck, minibus, microbus, auto-rickshaw, tempo, mini-truck, motorcycles and innumerable numbers of rickshaws. There are many reasons behind traffic jam in Bangladesh. Among them some major factors are as follows: • Undisciplined traffic signal in the road. • Indiscipline among the road user. • Might is right, everybody are free to park their vehicle on Road. • No knowledge of traffic rules which encourage violating the rules. • Enforcement of rules by dishonest persons who are busy in collection of illegal money from traffic rules violators. • Heavy numbers of vehicle on roads. Time is the most valuable things in the twenty first centaury no doubt. And traffic jam is killing the most productive time of the people of Dhaka city. Time is going...
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...BUS 317 Strategic Management Management Report for SMRT Corporation By: Subash S/O Tharumalingam Table of Contents 1. Executive Summary 4 2. Introduction 5 3. Current Company Situation 5 3.1. Past Performance Assessment 6 4. External Environment Analysis - PESTEL 6 4.1. Political 6 4.2. Economic 6 4.3. Socio-Cultural 7 4.4. Technology 7 4.5. Environment 8 4.6. Legal 8 5. Industry Analysis 9 5.1. Porter's Five Forces 9 5.2. Competitor Analysis 9 6. Internal Environment Analysis 10 6.1. Financial Performance 10 6.2. Value Chain 11 6.3. Key Success Factors 12 6.4. Core Competencies 14 6.5. SWOT Analysis 15 6.6. Objectives 16 6.7. Key Issues Identified 17 7. Development Strategies 17 7.1. Strategies base on SAVED 17 7.1.1. Strategy One: 17 Venture into tourism by providing two-way transport services to Johor Premium Outlets, Legoland and Hello Kitty Land from Singapore for families and schools 17 7.1.2. Strategy Two: 19 SMRT to provide transport services mainly for tourists to send them to their hotels from airport and partnership with budget hotels chains and hostels. 19 8. Selection of alternatives 21 8.1. Chosen Alternative 21 8.2. How is the chosen alternative superior to the rejected alternative? 21 8.3. Weakness of the chosen alternative and how to overcome 22 9. Implementation 22 10. Evaluation and Control 23 11. Conclusion 23 12. References 24 13. Appendix 27 13.1. Appendix 1: SMRT Operating Metrics 27 13.2. Appendix 2: Porter’s Five Forces 28 13.3...
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