...Estimating sensitivities to price The availability of an analytic demand function is a powerful tool for pricing analysis. For example, with the demand function it is now possible to calculate each product's elasticity with respect to price. Since the elasticity of demand to price is just the percentage change in demand per percentage change in price, the elasticity is just the quantity of the demand for the product with respect to its price. Price elasticities are an important source of information about how a market is likely to react to changes in price. They can be used to determine which products will have large changes in demand and which will have relatively small changes for a fixed percentage change in price. This idea can be taken one step further. Suppose that our client has several products in the market and wants to estimate how changing the price of one will affect the demand of another. This cross-pricing effect can be represented as a cross-elasticity, defined as the percentage change in the demand of one product per percentage change in the price of another. The cross-elasticity of the demand of the product to the price of the other product is the derivative of the demand of the first product with respect to the price of the second product. These cross-elasticities can be calculated analytically from a demand function and so can be reported as a direct output of the conjoint analysis study. Finding the optimal price The availability of a multi-product demand...
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...Assignment 1 (35%) – Submission Checklist |Item |Description |Checked | |INDIVIDUAL COMPONENT: 15% | |1 |Artist/Creative Curriculum Vitae/Resumé | | | |Your CV should be consistent, clear, concise and well laid out in accordance with your majors, works | | | |made and experienced and industry expectations | | | |To be updated if you have prepared one when submitting your NTU application | | |2 |Creative/Artistic statement – 100words max | | | |A short statement, no more than 100words describing either your artistic/creative intentions and | | | |interests, research areas, expertise and or pertaining to your skills, areas of focus and or | | | |treatment and style | | |3 |Materials in support of your artist CV, Artistic statement as portfolio of your body of work | | | |The materials should meet;...
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...Accounting Concepts and Structures According to Kieso, Weygandt and Warfield (2007), “the objectives of financial reporting are to provide information that is: (1) useful to those making investment and credit decisions; (2) helpful to present and potential investors and creditors in assessing the amounts, timing, and uncertainty of future cash flows; and (3) about economic resources,” (pg. 31). For accounting information to be effective, it must have primary and secondary decision making qualities. The qualities described below are an effective means to making decisions towards a company’s financial goals. Relevance and reliability are the two primary qualities in accounting information used in decision making, while comparability and consistency are secondary qualities in accounting information which further promotes and provides specimens for examination to further cement the decision. Relevance The first qualitative characteristic is relevance. Relevance speaks to information’s ability to influence a decision. Relevant information should be applicable, pertinent, and important. According to Kieso, Weygandt and Warfield (2007), “accounting information must be capable of making a difference in a decision in order to be relevant and information with no bearing on a decision is irrelevant,” (pg. 33). It should directly speak to the issue at hand without side-stepping or vacuity. For the information to be relevant it must also be appropriate with the time constraints allowed...
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...IT Systems administrator appraisal form IT Systems administrator appraisal form This free sample/template/form of job performance appraisal include information as follows: 1. Employee Details • Employee Name • Review Period • Position • Date of joining • Department • Review Date • Line Manager 2. Key duties/responsibilities of IT Systems administrator State your understanding of your main duties and responsibilities of IT Systems administrator, for examples: • Perform on-site and remote technical support. • Assist in the organization and inventory of all hardware and software resources. • Monitors and maintains the use of the library’s photocopiers and printers. • Develops, maintains, and monitors procedures for all server backups. • Maintains excellent communication with the IT Manager on all tasks and projects. You should design a table for this area that include columns: No, duties, weight, core, comments. 3. Key result areas (KRAs) of IT Systems administrator Using the 4-point scale below, please assess your employee performance in the following areas: • 4 – Performance was always successful, consistent and respectable and at times clearly superior and exceeding standards. • 3.5 – Performance was at most times clearly superior and exceeding standards. • 3 – Performance was successful, consistent, and respectable in every regard with few exceptions. • 2.5 – Performance at times was inconsistent and did not meet standards. • 2 – Performance at most times...
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...Personal Leadership Strength and Weakness Analysis Leadership (SAT2) – Task 2, Part D Course Mentor: Dwane Thomas September 5, 2012 D-1. Strengths One of the strengths that were reiterated more than once during my peer evaluation was the fact that I was able to communicate well. As the facilitator of my group, I was given feedback stating that I communicated “effectively,” had “meaningful ideas” and facilitated the group with a “great sense of direction.” I believe my strength of being able to communicate well with my team members is an asset that I can possess within a working environment. Communication is a strong suite because it allows a person to not only understand situations, but also keep others aware as well. Within our group setting, by sending out a group email on a weekly basis to make the team aware of where we stand and what we have to do next, I was able to not only confirm for myself the timeline and goals we had to abide by, but also keep the team members on the same page as me. This act of communication would be tremendously helpful in a working environment because it shows a sense of direction, organizational skills, commitment to the group, and also participation within a team setting. Since in a working environment a person needs to be aware of a multitude of group settings (management team, co-workers, employees of other departments, associated agencies/clients of the company, etc.), facilitating communication is important for the completion...
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...Classroom Management Beliefs By; Julie Sanchez Grand Canyon University EDU 536 Classroom Management Beliefs List 1.) How a teacher should act? ➢ A teacher should act with Professionalism at all times even when having fun ➢ A teacher needs to be compassionate to the diverse student population. ➢ A teacher needs to be composed during a crisis situation or when disruption takes place during their lesson. ➢ I believe just as the text that a teacher should act with Confidence because she will exude it to her students. 2.) How students are expected to behave Students would be expected to be ready for class when they sit down at their desk. Students would be expected to be compassionate and to the needs of their peers Students would be expected to listen to others and not be disruptive or interrupt Students would be expected to follow directions of the teacher and class rules 3. What the classroom might look and feel like a. The classroom would be decorated in warm, welcoming colors b. The classroom would feel like a cool spring day with open lighting and greenery for a natural outdoor feel. c. The classroom would have pockets of blurbs about what is expected of the students d. The classroom would be spaced out so that no one felt crowded or left out, but an open environment that flows. e. The...
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...withholdings. Payroll systems should be thorough without being overly complex and cumbersome, and they should be designed thoughtfully enough to work well with a minimum of oversight. Having a well-designed payroll system is in the best interest of employees, business owners and human resources staff. 2.2 Scope And Limitation Accuracy Accuracy is an important objective of a payroll system, because employees are entitled to be fairly compensated for the work they have done, and a company's financial well-being depends on not overpaying employees for the time they have worked. In addition, businesses are liable for payroll taxes on employee earnings as well as remitting payroll taxes that have been withheld from employee paychecks. Consistency A payroll system has many components, and the information in each section should be internally consistent. An employee's weekly wages over the course of a month should add up to the system's sum for his monthly wages, and the weekly totals for all employees over the course of the month should add up to the monthly total for all employees. Cost-Effectiveness A payroll system should be cost-effective by performing calculations efficiently and not taking more of the bookkeeper's time than necessary. In addition, an effective payroll...
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...Aristotle’s Model: The Play as a Whole In Aristotle’s Poetics, Aristotle emphasizes three major elements of a good play: plot, character, and thought. To be more specific, in an Aristotelian play, thought sets the cause of action with character as emotion developer based on plot as the basic form. Besides these three main factors, the idea that a play should be a complete whole is also the basis of the Poetics (Aristotle 61). Therefore, when comparing the choices Lobby Hero by Kenneth Lonergan and The Philadelphia Story by Philip Barry for the play of the season, unification and regularity of all three elements. After comparing and contrasting both plays, Lobby Hero fits the Aristotle’s model’s three elements, plot, character and thought better than The Philadelphia Story does because Lobby Hero has a more consistent development of action, characters’ personality and emotions. The imitation of one action is very essential to construct a complete plot. Lobby Hero constructs a smooth unity of action in all of its plots while The Philadelphia Story’s imitation is vague. Although both plays have connected actions that make the structural union of all parts, Lobby Hero has a more surrounded action which is the pursuit of right things. Jeff repeatedly shows his ambition of lending help. For example, he praises William’s kindness when William is baffled by his brother’s incident; he also emphasizes his importance as a “safety specialist” to make himself sound superior. These series...
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...Module 3 Discussion Read Case 4-1 (“JetBlue Airways: Regaining Attitude”) in Corporate Communication and respond to the following: •Clearly and concisely identify what was the most significant business problem JetBlue faced and support your claim. •Assess and identify the critical constituency issues. •Articulate what you believe are the three most desirable outcomes. •Discuss at least three communications best practices implemented by JetBlue. Post your initial response to the discussion question no later than Thursday 11:59 PM EST/EDT. Post responses to at least two classmates no later than Sunday 11:59 PM EST/EDT The most significant business problem JetBlue faced during the 2007 crisis was inadequate communication. In this case JetBlue CEO David Neeleman stated, “Among the primary culprits: inadequate communication protocols to direct the company’s 11,000 pilots and flight attendants about where to go and when; an overwhelmed reservation system; and a lack of cross-trained employees who could work outside their primary area of expertise during an emergency” (Argenti, 2011, p.105).JetBlue spokesperson Sebastian White stated, “We thought there would be these windows of opportunities to get planes off the ground, and we were relying on those weather forecasts” (Argenti, 2011, p.104). This risk taking by JetBlue ultimately lead to several critical constituency issues. Nine JetBlue jets were forced to sit idle on the tarmac for more than six hours....
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...UOPX Material Comparative Data Resource: Ch. 14 of Health Care Finance Complete the following table by writing detailed responses to the questions. Provide examples where indicated. Cite the sources in the text and list them in the last box of the table. References are required. |What criterion must be met |The 3 requirements are persistence, confirmation, and system measurement. | |for true comparability? | | | |Persistence is when assessing data it should remain consistent to make sure that the data being analyzed is completed so by the same list of principles. | | | | | |Confirmation is significant, all data must be confirmed. All data organized regardless of whom it can be confirmed by anybody because everybody is using the same group of principles. When | | |the work is being gone through by someone else they must all create...
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...withholdings. Payroll systems should be thorough without being overly complex and cumbersome, and they should be designed thoughtfully enough to work well with a minimum of oversight. Having a well-designed payroll system is in the best interest of employees, business owners and human resources staff. 2.2 Scope And Limitation Accuracy Accuracy is an important objective of a payroll system, because employees are entitled to be fairly compensated for the work they have done, and a company's financial well-being depends on not overpaying employees for the time they have worked. In addition, businesses are liable for payroll taxes on employee earnings as well as remitting payroll taxes that have been withheld from employee paychecks. Consistency A payroll system has many components, and the information in each section should be internally consistent. An employee's weekly wages over the course of a month should add up to the system's sum for his monthly wages, and the weekly totals for all employees over the course of the month should add up to the monthly total for all employees. Cost-Effectiveness A payroll system should be cost-effective by performing calculations efficiently and not taking more of the bookkeeper's time than necessary. In addition, an effective payroll...
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...STI College – Muñoz EDSA Inventory Management System of an Appliance Store A Project Presented to The Faculty of STI College – Muñoz EDSA In Partial Fulfilment of the Requirements for the Degree of Bachelor of Science in Computer Science by Majadas, Ellayn S. Cabato, Jonathan Lal, Depak Franco, Chester John BT402A CARLEX ROL JALMASCO Project Adviser December, 2015 Chapter 1 1. Introduction: Company Background The company gets their stocks from different companies (who sells appliances) and paid it by terms. Their recording of products, sales, purchases, expenses and inventory are in manual form. The accountant manually computes and totals the amount of monthly sales, purchases, expenses, tax and inventory. In this kind of system, missing receipts, sales, purchases, expenses and inventory records are hard to track back. The manual inventory system will be replaced and organized by developing an “Inventory Management System”. Inventory Executive System is a complete inexpensive system for management of sales, purchases and payments. This system will help you in creation invoices, sale orders, purchase orders, receiving lists, payment receipts, product labels and any kinds of the reports for monitoring your business. 2.1. Statement of the problem 2.2.1. General Problem The company are currently using manual system in getting inventory. These kinds of system have lots of problems like: * Less efficient...
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...former job duties that were not aligned with job descriptions, just to name a few. All of these things could present conflicts and issues for the companies as they strive to complete company goals. I think companies’ market competitiveness is most important for the company’s competitive advantage. If a company is not competitive with the current mart it could face layoffs due to lack of work or it may even have to outsource labor and materials for lower financial challenges it may be faced with. Some pros and cons could be companies with cheaper benefits or even companies that are folding due to loss or lack of business; and of course our economy and its recession. As I see it, all of these are issues and can affect both the internal consistencies and market competitiveness. Currently the organization I am employed by has outsources our benefits, payroll and a few other essential benefits because of our budget and lack of federal funding. For companies performance management to be effective there should be a evaluation tool in place to properly measure employees performances. As an example, my own company has an evaluation tool in place which has not been very effective in the past and now I as a supervisor have to deal with unhappy employees because of past evaluation ratings. After completing the evaluations under my supervision, I had many employees go over my...
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...that you have considered and evaluated all critical implementation issues. Issues you might consider include the structural changes necessary to implement the new strategy. In addition, leadership changes and new controls or incentives may be necessary to implement strategic actions. The implementation actions you recommend should be explicit and thoroughly explained. Occasionally, careful evaluation of implementation actions may show the strategy to be less favorable than you thought originally. A strategy is only as good as the firm's ability to implement it effectively. Therefore, effort to determine effective implementation is important. Process Issues You should ensure that your presentation (either oral or written) has logical consistency throughout. For example, if your presentation identifies one purpose, but your analysis focuses on issues that differ from the stated purpose, the logical inconsistency will be apparent. Likewise, your alternatives should flow from the configuration of strengths, weaknesses, opportunities, and threats you identified by the internal and external analyses. Thoroughness and clarity also are critical to an effective presentation. Thoroughness is represented by the comprehensiveness of the analysis and alternative generation. Furthermore, clarity in the results of the analyses, selection of the best alternative strategy, and design of implementation actions are important. For example, your statement of the strengths and weaknesses should flow...
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...Manual Critique Nathan Coffman ENG/221 October 6, 2014 Nancy Henderson Manual Critique I will start by saying that I chose a manual completely at random. For my critique I chose to use a manual I found online for an Avaya 3920 wireless telephone. The five criteria I had set for the manual beforehand were: it needed to be written in the second person, it needed to have a table of contents, it needed to be easy to understand/non-technical, the terminology needed to stay consistent throughout, and the manual needed to appear professional. The first thing that I noticed when the manual opened was that the first few pages were essentially legal notices. There was also a portion about the author/s making their best effort to make sure everything was accurate at the time of writing. I thought that was a good way to start. They seemed to cover all of their bases from a legal perspective. After getting through the legal notices, I found the table of contents. Ding, Ding, Ding, it matched one of my criteria. The table of contents was laid out, in my opinion, just the way it should have been. It started out with the introduction and all things a person would expect with that. (Welcome, brief description of the manuals layout, and it gave a website where the user can get more information.) The other sections in the table of contents were mainly for installation and setup. After I got through examining the table of contents I started to read the actual manual. The main...
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