Free Essay

P2 Unit 12

In:

Submitted By lordenewton
Words 2122
Pages 9
Learner Name | Assessor Name | Troy Muraya | Rowland Njagi | Date Issued | Completion Date | Submitted on | 9th September 2015 | 22nd September 2015 | 23rd September 2015 | Qualification | Unit | BTEC LEVEL 3 EXTENDED DIPLOMA IN BUSINESS MARKETING | Unit 16: Human resource planning | Assignment Title | Human resource planning | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Task no: | Page numbers | P2 | Describe how the skills those employees require to carry out jobs in an organization. | 3 | 1-7 | Learner Declaration | I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.Learner Signature: ……………………. Date:……………… |

P2 Describe how the skills that employees require to carry out jobs in an organization.

-------------------------------------------------
Employers are often looking for skills that go beyond qualifications and experience.
-------------------------------------------------
While your education and experience may make you eligible to apply for a job, to be successful in the role you will need to exhibit a mix of skills: ‘employability skills’. This means that the specialist, technical skills associated with different roles may be less important than the 'soft skills' that can be transferred between different jobs and different employment sectors.
-------------------------------------------------
For employers, getting the right people means identifying people with the right skills and qualities to fulfill the role and contribute to the organization’s success. Candidates may have the qualifications and 'hard skills' needed to be able to manage the job role but, without a well-honed set of 'soft skills', employers are less inclined to hire.
-------------------------------------------------
Interpersonal Skills
-------------------------------------------------
Interpersonal skills are vital when seeking employment and may be the single most important factor for many recruiters.
-------------------------------------------------
Interpersonal skills are the skills we use to interact with other people. Good interpersonal skills allow you to participate effectively as a member of a team, satisfy customers and clients' expectations, negotiate, make decisions, manage your time efficiently, take responsibility, and work effectively with other employees. Well-honed interpersonal skills allow us to empathize and build rapport with colleagues and clients, leading to a better working environment, which can be less stressful.
-------------------------------------------------
Communication Skills
-------------------------------------------------
Employers look for people who communicate well both verbally and in writing.
-------------------------------------------------
If you are either applying for a job or looking for a promotion with your current employer, you will need to demonstrate good communication skills. The ability to communicate both verbally and in writing with a wide variety of people, maintain good eye contact, write clearly and succinctly, demonstrate a varied vocabulary and tailor your language to your audience are all essential skills that employers seek out. Good verbal and written communication means you can get your messages across with less chance of misunderstanding.
-------------------------------------------------
Similarly, active listening skills involve not only hearing but gaining and understanding information. Listening is a basic requirement leading to fewer mistakes and a greater understanding of the needs of employer and client. As your career progresses, the importance of communication skills increases since as well as creativity, people skills, and an aptitude for teamwork, the ability to speak and write with clarity and conciseness is essential for managers.
-------------------------------------------------
Critical Thinking Skills
-------------------------------------------------
The ability to solve problems and make decisions can be a huge asset to your employer and these are therefore desirable skills to develop.
-------------------------------------------------
Decision making and problem solving require gathering reliable information, evaluating the information for a variety of solutions and selecting the most appropriate option based on the criteria and situation. Although the ability to solve problems and make appropriate decisions are critical in any job, people with these skills are especially helpful in customer service positions.
-------------------------------------------------
The ability to be able to effectively plan and organize means that you, or your team, are more likely to get the job done correctly the first time. These skills are beneficial to employers as they save time and money. Planning and organization also require the recording of information (maybe in a report) which can be referred to when planning future projects.
-------------------------------------------------
Creative thinkers are innovative and inventive and are more likely to devise new ways of doing things that add value to the work environment, making systems and procedures more efficient. Creative thinkers can offer new perspectives about the job and the company.
-------------------------------------------------
Personal Development
-------------------------------------------------
Personal development is all about having the right attitude towards work and the organization you work for. Employers look for people who are keen to develop and learn.
-------------------------------------------------
Lifelong learners are always valued in organizations. In order to stay ahead of the competition, organizations need to continually learn and develop better ways of doing things. The employee who is open to learning and embraces change will be more successful than the person who is afraid of learning and resistant to changes in the organization. Most jobs involve change, some more frequently than others, and employers want people who are adaptable, flexible, and patient, and respond who well to change.
-------------------------------------------------
Personal development is also concerned with how individuals evolve their working practices and attitudes to work. Self-motivation and confidence are key areas of personal development as is personal appearance and how others perceive you. Self-management skills, also known as ‘self-control’, are the skills we use to manage our personal feelings and how we react to challenges and problems both at work and in our private lives. Personal development includes learning to avoid potentially negative emotions such as anger and stress while developing assertiveness and effective negotiation skills.
-------------------------------------------------

-------------------------------------------------
Presentation Skills
-------------------------------------------------
Presenting information clearly and effectively is a key skill in the work place and presentation skills are required in almost every modern employment area.
-------------------------------------------------
Whether you are an administrator, manager or executive, you should expect to present your ideas and findings to your work colleagues and external stakeholders. Presenting information does not just include making formal presentations - information could be presented in the form of notes, reports, research findings, business plans, scenario planning, risk assessments and strategic documents.
-------------------------------------------------

-------------------------------------------------
Leadership
-------------------------------------------------
Leadership is the ability to influence others toward the achievement of a goal.
-------------------------------------------------
Leaders either have, or are perceived to have, strong self-confidence. Leaders are team players, allowing them to work in a group to achieve the best results for their employer. Leaders show social skills by respecting the thoughts, opinions and ideas of others - they gain the respect of others and aim for credibility.
-------------------------------------------------
The four most important skills sought by executive level recruiters are interpersonal skills, communication skills, strategic thinking and leadership ability. Developing your leadership skills can therefore not only help you to find a senior position, but may also help you to gain promotion with your current employer.
-------------------------------------------------

-------------------------------------------------
IT Skills
-------------------------------------------------
Most people need some IT skills to find work today. Acquiring basic IT skills and being familiar with using a computer may open up a wide range of employment opportunities and increase your marketability in the workplace.
-------------------------------------------------
It is likely that a modern job will require you to be familiar with at least some computer applications. Computer literacy means understanding what computers can and cannot do. Even if you know that you will not be using a computer in your job, it is well worth your while learning some of the basics of information technology, for example how to send and receive emails, use the internet effectively, and use word processor and spreadsheet software.
-------------------------------------------------

-------------------------------------------------
Suraya property group
-------------------------------------------------
The skills required by at Suraya in two parts
-------------------------------------------------
1: soft skills
-------------------------------------------------
2: hard skills
-------------------------------------------------
The first parts I will elaborate the additional skills required to the hard skills while the hard skills are the academic qualification necessary in Suraya
-------------------------------------------------
The above company is a property development company, with a vision to develop homes. The main academic skills needed are Architectural, Engineering, construction, Landscaping, project management, Business development.
-------------------------------------------------

-------------------------------------------------
Business Development Manager
-------------------------------------------------
The first part of any project is to identify a suitable land and location that has potential for further development identifying suitable land. The business developer must have good knowledge of the cost of land and the zoning and they work very closely with the CEO of the company to ensure the main objectives of the company are in line with any new project. Natural intuition and zoning are some of the qualifications required followed by the relationship with land agents .The ability to verify the authenticity of the documentation is another required qualification of the staff allocated the duty of a business manager
-------------------------------------------------
The academic qualification could be Law or real estate agent.
-------------------------------------------------

-------------------------------------------------
Architecture
-------------------------------------------------
This is the heart beat of the development company with registered Architects required who can execute master plans, others who can design from scheme to
-------------------------------------------------
Approval stage with all the required working drawings, At Suraya a team of fifteen Architects are employed on a full term bases. They supervise the projects from ground breaking to handover. Architects require Bachelor of Architecture
-------------------------------------------------

-------------------------------------------------
Civil & structural engineers
-------------------------------------------------
The C&S engineers are responsible for ensure that the building is structurally sound and they are a very crucial part of the team in a building.
-------------------------------------------------
The C&S engineer requires a Civil & structural engineering degree
-------------------------------------------------

-------------------------------------------------
Mechanical & Electrical Engineers
-------------------------------------------------
The M&E engineers are responsible for ensuring that the plumbing and electrical function well. Plumbing involves water related works whilst Electrical deals with electricity works. The Mechanical engineer requires a bachelor of Mechanical enquiring whilst the electrical engineer requires a bachelor of Electrical engineering
-------------------------------------------------

-------------------------------------------------
Quantity Surveyors
-------------------------------------------------
The entire project once drawn needs an Quantity Surveyor to put together the bills of quantities which is a complete document that stipulates the measurements of the materials required for all areas of the entire development. The QS also provides construction cost estimates. The quantity surveyor will require bachelors in Land economics
-------------------------------------------------

-------------------------------------------------
Projects Managers
The process of coordination is necessary to ensure all aspects are well documented. After the architects and Engineers have completed the drawings. The PM responsibility is to coordinate all the consultants plus the construction team. The project manager requires a bachelor in Project Management or masters in the same.

Landscaping
The terrain is never the same in the various projects a clear understanding levels, soil type or texture, water drainage is crucial in ensuring the beauty of landscaping. Landscape architects are required for this area.

Legal
At Suraya the letters of offers, sale agreements, lease agreements, discharges, charge documents are all handled by a certified qualified advocate of the high court to ensure the clients and the company are well represented in case of any dispute at the same time clients receive properly executed documents. The legal department corresponds with the banks for loan or mortgage approvals, until the release of funds from the respective banks.

Finance
The volume of transactions require qualified and certified accounts to ensure the payments are receipted to the clients correctly, payments to the various stake holders are paid on time, cash flows are managed properly. Payrolls are well documented and Audited accounts are finalized on time. Statutory payments are paid out on time and managed. A qualified CPA holder is just one of the qualifications required, Holder of a bachelors of commerce degree.

Human resource
The management of all entire payrolls, benefits, leaves days, employment contracts. a degree in human resource management is one of the qualification and experience in dealing with staff everyday needs.

Sales
This department that is people oriented, public relations and customer relations is paramount. A degree in Marketing and public relation is necessary to handle the clients and the brand in a powerful professional way.

Administration
The front desk requires staff to welcome and direct clients to the right department as the walk in to the office. A degree in business administration is necessary to cater to the volume of enquires. Support staff such as drivers, messengers, and cleaners of the tea lady.
-------------------------------------------------

Conclusion
-------------------------------------------------
The skills and talents of employees are very important to Suraya as they can improve value to the business. This means that they can make the business even better or more efficient if full use is made of them. Humans, like other resources such as finance or buildings, need to be used efficiently and usefully. Like other resources they also need to be paid and planned for, especially if the skills that are required are hard to find. There are various methods that businesses adopt in the training and development of their employees, depending on their needs. They include role-playing, job rotation, on-the-job training, vestibule training etc. Without employee skills a business has a problem in improving there business.
-------------------------------------------------

-------------------------------------------------
References:
-------------------------------------------------
Suraya www.suraya.co.ke
-------------------------------------------------
Employee skills www.skillsofemployee.com
-------------------------------------------------
Examples of employee skills www.quintcareers.com
-------------------------------------------------
Importance of employee skills www.entreprenuer.com
-------------------------------------------------

-------------------------------------------------

Similar Documents

Premium Essay

Unit 12 P1 P2 Level 2

...Commercial (Van Mildert)-this is the commercial website I have decided t use . This is an online site that sell clothes,footwear,acccesories etc. this is a very easy website to use and in my opinion ,they advertise their products very good. Another reason why this website is good is because they deliver on the very next day, this is very good for customers as a lot of other websites do not offer this service Types of presence 1. They advertise the products they have on sale on the main page , this will attract customers 2. It is easy to find what you are looking for on the website 3. A lot of products 4. Different categories 5. Delivers next day 6. Colourful ( makes the website look a lot better) 7. Advertising Christmas Sales Aims and objective for vanmildert.co is to sell as much goods and make a profit and to also keep their customers happy and returning to buy more goods Van mildert is an inviting online transaction presence because you can easily buy clothes and accessories online and order things from their site and they also deliver on the very next day so this is very convenient for there customers Educational(Bite Size this website is owned by the bbc and it is probably the most educational website I’ve seen, they offer a wide range of educational skills which is why they have the reputation as the best. The aims for bbc bite size is to make students understand more, teach them...

Words: 474 - Pages: 2

Premium Essay

Unit 12 P2 Health And Social Care Essay

...Unit 12/P2 - Explain the impact of organisational policies and procedures on the provision of technical support. The purpose of this task is to explain the impact of organisation policies and procedures on the provision of technical support. Also among it I will need to understand how organisations policies and procedures influences technical support. We all know as a support technician you will at one point of the job within the organisation you will have to work with the organisation procedures and policies in order to adapt. Organisation will have drawn up policy documents which set out the rules on the reporting of faults, Internet use and security, etc. for example, it may be organisations policy that all requests for help desk support are emailed to the support team. When you have a technical problem bring to your table and it beyond your power, then at this point you can pass on the call to a senior...

Words: 837 - Pages: 4

Premium Essay

Demand Elasticity

...File C5-207 July 2007 www.extension.iastate.edu/agdm Elasticity of Demand E lasticity of demand is an important variation on the concept of demand. Demand can be classified as elastic, inelastic or unitary. An elastic demand is one in which the change in quantity demanded due to a change in price is large. An inelastic demand is one in which the change in quantity demanded due to a change in price is small. The formula for computing elasticity of demand is: (Q1 – Q2) / (Q1 + Q2) (P1 – P2) / (P1 + P2) If the formula creates a number greater than 1, the demand is elastic. In other words, quantity changes faster than price. If the number is less than 1, demand is inelastic. In other words, quantity changes slower than price. If the number is equal to 1, elasticity of demand is unitary. In other words, quantity changes at the same rate as price. Close substitutes for a product affect the elasticity of demand. It another product can easily be substituted for your product, consumers will quickly switch to the other product if the price of your product rises or the price of the other product declines. For example, beef, pork and poultry are all meat products. The declining price of poultry in recent years has caused the consumption of poultry to increase, at the expense of beef and pork. So products with close substitutes tend to have elastic demand. Figure 1. Elastic demand Elastic Demand Elasticity of demand is illustrated in Figure 1. Note that a change in price...

Words: 689 - Pages: 3

Premium Essay

Economics

...File C5-207 July 2007 www.extension.iastate.edu/agdm Elasticity of Demand E lasticity of demand is an important variation on the concept of demand. Demand can be classified as elastic, inelastic or unitary. An elastic demand is one in which the change in quantity demanded due to a change in price is large. An inelastic demand is one in which the change in quantity demanded due to a change in price is small. The formula for computing elasticity of demand is: (Q1 – Q2) / (Q1 + Q2) (P1 – P2) / (P1 + P2) If the formula creates a number greater than 1, the demand is elastic. In other words, quantity changes faster than price. If the number is less than 1, demand is inelastic. In other words, quantity changes slower than price. If the number is equal to 1, elasticity of demand is unitary. In other words, quantity changes at the same rate as price. Close substitutes for a product affect the elasticity of demand. It another product can easily be substituted for your product, consumers will quickly switch to the other product if the price of your product rises or the price of the other product declines. For example, beef, pork and poultry are all meat products. The declining price of poultry in recent years has caused the consumption of poultry to increase, at the expense of beef and pork. So products with close substitutes tend to have elastic demand. Figure 1. Elastic demand Elastic Demand Elasticity of demand is illustrated in Figure 1. Note that a change in price...

Words: 689 - Pages: 3

Premium Essay

Bus. Math

...Supply, Demand and Equilibrium in Linear Equation The quantity demanded is the amount of a good that consumers want to buy at a given price, holding constant all other factors that influence purchases. The demand function shows the mathematical relationship between the quantity demanded , the price of the product, and other factors that influence purchases. A demand curve plots the demand function, again holding constant other factors. The quantity supplied is the amount of a good that firms want to sell at a given price, holding constant all other factors that influence firms’ supply decisions. The supply function shows the relationship between the quantity supplied, the price of the product, and other factors that influence the number of units supplied. An equilibrium exists if no market participant wants to change its behavior. In a market, equilibrium occurs at the price and quantity where the demand curve and the supply curve intersect. Example Problem: :SUPPLY AND DEMAND .AT $1.40 PER BUSHEL,THE DAILY SUPPLY FOR OATS IS 850 BUSHELS AND the daily demand is 850 bushels.when the price falls to $1.20 per bushel,the daily supply decreases to 350 bushels,and the daily demand increases to 980 bushels.assume that supply and demand equation are linear A-find the supply equation. B-find the demand equation. C-find the equilibrium price and quantity. Let x1 = 120 cents Let x2 = 140 cents For the supply equation: Let y1 = 350 Let y2 = 850 For the Demand equation:...

Words: 2260 - Pages: 10

Premium Essay

Miss

...Course Title | BTEC Level 3 Nationals in Business | Unit Title | Unit 2 – Business Resources (60 hour unit) | Level | 3 | Unit Number | 2 | Unit Credit | 10 | Assignment Title | Describing Recruitment documents | Part Unit | P1, P2 & M2 | Whole Unit | n/a | Learner Name | | Signature | | Assessor | Mark Grant | Signature | | Start Date | 22/10/14 | Submission Date | 12/11/14 | Feedback Date | 26/11/14 | | | | | | | Vocational Context | It is important to understand the purpose and format of different types of documents that are used in the recruitment process, as you will be coming across them when you apply for jobs. This assignment will allow you to develop a good understanding of these documents. Additionally you will possibly need to create them if you are involved with recruiting staff during your career. | The Brief | ------------------------------------------------- (P1, P2 and M2) A family friend has been operating his own small fashion clothing business (KH Fashions) that has been trading for five years. He has decided to expand the business and has asked you to research different businesses.------------------------------------------------- He wishes to take on staff from outside the family, and because he wants to do this in a professional way, has asked you specifically to research how human and non-human (such as technological and physical) resources are used within organisations. | Grading Criteria. | Evidence | What...

Words: 454 - Pages: 2

Free Essay

Fluid Power

...HYDRAULICS LAB #1 The objective of this lab is to test the fluid flow provided by the power unit at various discharge pressures, and create a power unit characteristic curve. 1. Build on the trainer the hydraulic circuit shown in the figure below, using the components listed here. hydraulic power unit (2) pressure gauges flow control valve (FCV) – simulated load flow-meter Page 1 of 2 2. Initial setup: a. Fully close (CW) the FCV, and fully open (CCW) the pressure relief valve on the power unit. b. Start the power unit, and slowly adjust the pressure relief valve until pressure gauge P1 reaches 50 bar. Let the unit run for a few minutes then check and adjust P1 if necessary. c. Do not touch the pressure relief valve for the remainder of the lab. d. Fully open the FCV. 3. Test: a. Record the pressures P1, P2 and the flow rate under the “Min.” column in the table below. b. Slowly turn the FCV CW, adding a simulated load to the system. When the pressure at P1 increases to 15 bar, stop and record pressure P2 and the flow rate. c. Repeat for all columns listed in the table. The final column, listed as “Max Pres.” should be run with the FCV fully closed. Note the sound of the power unit during this test. You should detect changes in tone as the load (pressure) is increased. P1 Pressure (bar) P2 (bar) Flow Rate (lpm) Min * 15 20 25 30 35 40 45 46 47 48 49 Max. Pres. * minimum pressure attained, with flow control fully open HYDRAULICS LAB #1 Page 2 of 2 Lab Report: ...

Words: 638 - Pages: 3

Premium Essay

Econ2101 Week 4 Sol

...curve and the budget line; (ii) a kink in an indifference curve; (iii) a “corner” where the consumer specializes in consuming just one good. Here is how you find a point of tangency if we are told the consumer’s utility function, the prices of both goods, and the consumer’s income. The budget line and an indifference curve are tangent at a point (x1 , x2 ) if they have the same slope at that point. Now the slope of an indifference curve at (x1 , x2 ) is the ratio −M U1 (x1 , x2 )/M U2 (x1 , x2 ). (This slope is also known as the marginal rate of substitution.) The slope of the budget line is −p1 /p2 . Therefore an indifference curve is tangent to the budget line at the point (x1 , x2 ) when M U1 (x1 , x2 )/M U2 (x1 , x2 ) = p1 /p2 . This gives us one equation in the two unknowns, x1 and x2 . If we hope to solve for the x’s, we need another equation. That other equation is the budget equation p1 x1 + p2 x2 = m. With these two equations you can solve for (x1 , x2 ).∗ Example: A consumer has the utility...

Words: 9302 - Pages: 38

Free Essay

Wave Equation

...log ( xy ) = log ( x ) + log ( y ) ⎛x⎞ 3. log ⎜ ⎟ = log ( x ) − log ( y ) ⎝ y⎠ ( ) 4. 10 log x n = n10 log( x ) Intensity Level In the last lesson, we defined the time average intensity in relation to the time average or rms pressure as well as the maximum acoustic pressure. p2 p2 I = = max 2ρc ρc The intensity is a useful quantity because it quantifies the power in an acoustic wave, but because of the large variation in magnitudes of Intensity, it is more useful to use logarithms to compare intensities. The below table demonstrates the wide variation in Intensity for typical sounds in air. We will start by defining a new quantity, L, the intensity level, which has units of dB. I L ≡ 10 log I0 where: is the time average intensity of the sound wave. I0 is the reference level used for comparison purposes. 3-1 Source Intensity (W/m2) Intensity Level (dB) Jet Plane 100 140 Pain Threshold 1 120 Siren 1x10-2 100 Busy Traffic 1x10-5 70 Conversation 3x10-6 65 Whisper 1x10-10 20 Rustle of leaves 1x10-11 10 Hearing Threshold 1x10-12 1 The reference intensity in air is typically 1 x 10-12 W/m2. Using this simple...

Words: 2480 - Pages: 10

Free Essay

Assignment

...1. Deadlock (“deadly embrace”) is a system-wide tangle of resource requests that begins when 2 or more jobs are put on hold. • Each job is waiting for a vital resource to become available. • Needed resources are held by other jobs also waiting to run but can’t because they’re waiting for other unavailable resources. • The jobs come to a standstill. • The deadlock is complete if remainder of system comes to a standstill as well. • The resources can be categorized into physical and logical resources. The physical resources are printer, disk drive, cpu, memory, scanner etc. The logical resources are files. • Deadlock is more serious than indefinite postponement or starvation because it affects more than one job. • Because resources are being tied up, the entire system (not just a few programs) is affected. • Requires outside intervention (e.g., operators or users terminate a job) to resolved the deadlock. 2. Seven Cases of Deadlocks Case 1 Deadlocks on file requests Case 2 Deadlocks in databases Case 3 Deadlocks in dedicated device allocation Case 4 Deadlocks in multiple device allocation Case 5 Deadlocks in spooling Case 7 Deadlocks in disk sharing Case 8 Deadlocks in a network Case 1: Deadlocks on File Requests | |If jobs can request and hold files for duration of their...

Words: 3058 - Pages: 13

Free Essay

Eco Skchug

...Chapter 1 Microeconomics of Consumer Theory The two broad categories of decision-makers in an economy are consumers and firms. Each individual in each of these groups makes its decisions in order to achieve some goal – a consumer seeks to maximize some measure of satisfaction from his consumption decisions while a firm seeks to maximize its profits. We first consider the microeconomics of consumer theory and will later turn to a consideration of firms. The two theoretical tools of consumer theory are utility functions and budget constraints. Out of the interaction of a utility function and a budget constraint emerge the choices that a consumer makes. Utility Theory A utility function describes the level of “satisfaction” or “happiness” that a consumer obtains from consuming various goods. A utility function can have any number of arguments, each of which affects the consumer's overall satisfaction level. But it is only when we consider more than one argument can we consider the trade-offs that a consumer faces when making consumption decisions. The nature of these trade-offs can be illustrated with a utility function of two arguments, but is completely generalizable to the case of any arbitrary number of arguments.1 An advantage of considering the case of just two goods is that we can analyze it graphically because, recall, graphing a function of two arguments requires three dimensions, graphing a function of three arguments requires four dimensions, and, in general, graphing...

Words: 3912 - Pages: 16

Premium Essay

Econ

...ECONOMICS 247 ASSIGNMENT 1 VERSION B 1a. The study of economics is the study of how society manages its scarce resources. If however, this was no longer the case and scarcity disappeared, then the study of economics would cease to exist. There would be no point in tracking how society manages its resources if everyone can get exactly what they wanted. Opportunity cost would also cease to exist due to the fact that there would be no more scarcity. Opportunity cost is the cost of the choice that the consumer makes in terms of what the consumer must give up to get it. If everyone can get what they wanted due to the unlimited resources then consumers wouldn`t have to make choices. b. The difference between a “change in supply” and “a change in quantity supplied” is that one is a shift in the supply curve and the other is a movement along the supply curve. A change in supply is a shift in the supply curve and a change in quantity supplied is a movement along a fixed supply curve. 2a. Microeconomics studies “the impact of a change in consumer income on the purchase of luxury automobiles” b. Microeconomics studies “the effect of a change in the price of Coke on the purchase of Pepsi” c. Macroeconomics studies “the impact of a war in the Middle East on the rate of inflation in Canada” d. Macroeconomics studies “factors influencing the rate of economic growth” 3a. The determinant of supply that has an impact is change in technology. The cost of producing hot chocolate is reduced...

Words: 2586 - Pages: 11

Free Essay

Women Entrepreneurship

...Chapter 6: CPU Scheduling • • • Basic Concepts Scheduling Criteria Scheduling Algorithms Operating System Concepts 6.1 Basic Concepts • Maximum CPU utilization obtained with multiprogramming. • CPU–I/O Burst Cycle – Process execution consists of a cycle of CPU execution and I/O wait. – Example: Alternating Sequence of CPU And I/O Bursts – In an I/O – bound program would have many very short CPU bursts. – In a CPU – bound program would have a few very long CPU bursts. Operating System Concepts 6.2 1 CPU Scheduler • The CPU scheduler (short-term scheduler) selects from among the processes in memory that are ready to execute, and allocates the CPU to one of them. • A ready queue may be implemented as a FIFO queue, priority queue, a tree, or an unordered linked list. • CPU scheduling decisions may take place when a process: 1. Switches from running to waiting state (ex., I/O request). 2. Switches from running to ready state (ex., Interrupts occur). 3. Switches from waiting to ready state (ex., Completion of I/O). 4. Terminates. • Scheduling under 1 and 4 is nonpreemptive; otherwise is called preemptive. • Under nonpreemptive scheduling, once the CPU has been allocated to a process, the process keeps the CPU until it releases the CPU either by terminating or by switching to the waiting state. Operating System Concepts 6.3 Dispatcher • Dispatcher module gives control of the CPU to the process selected by the short-term scheduler;...

Words: 1887 - Pages: 8

Premium Essay

Microeconomics

...Utility 14 5 Choice 18 6 Demand 24 7 Revealed Preference 27 8 Slutsky Equation 30 9 Buying and Selling 33 10 Intertemporal Choice 37 12 Uncertainty 39 14 Consumer Surplus 43 15 Market Demand 46 18 Technology 48 19 Profit Maximization 52 20 Cost Minimization 54 21 Cost Curves 57 22 Firm Supply 59 23 Industry Supply 62 24 Monopoly 64 2 25 Monopoly Behavior 67 26 Factor Market 72 27 Oligopoly 76 28 Game Theory 80 30 Exchange 85 3 Ch. 1. The Market I. Economic model: A simplified representation of reality A. An example – Rental apartment market in Shinchon: Object of our analysis – Price of apt. in Shinchon: Endogenous variable – Price of apt. in other areas: Exogenous variable – Simplification: All (nearby) Apts are identical B. We ask – How the quantity and price are determined in a given allocation mechanism – How to compare the allocations resulting from different allocation mechanisms II. Two principles of economics – Optimization principle: Each economic agent maximizes its objective (e.g. utility, profit, etc.) – Equilibrium principle: Economic agents’ actions must be consistent with each other III. Competitive market A. Demand – Tow consumers with a single-unit demand whose WTP’s are equal to r1 and r2 (r1 < r2 ) p r2 r1 1 2 – Many people 4 Q p p Q Q ∞ consumers 4 consumers B. Supply – Many...

Words: 12774 - Pages: 52

Free Essay

Курсовая В Labview

...NATIONAL AVIATION UNIVERSITY AEROSPACE CONTROL SYSTEMS INSTITUTE DEPARTMENT OF AVIATION COMPUTER INTEGRATED COMPLEXES [pic] Course project Dead reckoning computer АНУ-1 Done by Bahnyukova M.Y Hnybida O.I Hordiyenko A.V Chechina A.A Checked by Mukhina M.P. Kyiv 2012 CONTENT: The basic navigation concepts Modes of operation of АНУ-1 1. Autonomous dead reckoning mode Procedures: 4.1 Zero-layer of Block diagram 4.2 First-Layer 3.3 Front Panel of our model of dead-reckoning computer 4.4 Second Layer 4.5 Third-Layer CONCLUSSION References 1.The basic navigation concepts The dead reckoning computer АНУ-1 is designed to determine continuously the current coordinates of the aircraft in a conventionally chosen rectangular coordinate system, rotated with respect to the meridian at the map angle. Coordinates are usually read by the reading of the pointers in kilometers of traveled path from the point of departure and using the cross-track error from the desired track. АНУ-1 continuously produces the dead reckoning by integrating the components of the ground speed vector on the axis X and Y of a Cartesian coordinate system. To obtain the components of the ground speed vector Wx and Wy of aircraft on the axis X and Y of Cartesian coordinate system, the airspeed V and wind speed U on the axes of the speed triangle are converted...

Words: 1555 - Pages: 7