...Unit 37; P1 Explain the issues a business needs to consider in its operational activities. What is business ethics? Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions, it also applies to business. Read more: http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-social-responsibility/what-are-business-ethics.html#ixzz3XSqGf1O6 Outline some ethical issues facing a business of your choice. The business I’ve chosen is Tesco. Tesco faces a protest from the trade union Unite over the treatment of migrant workers in its meat and poultry supply chain at its annual meeting in Glasgow today. Another issue Tesco faced is the horse meat scandal. Tesco said the horsemeat scandal had a "small but discernible impact" on frozen and chilled convenience food sales. Some Tesco Everyday Value Spaghetti Bolognese contains 60% horsemeat, DNA tests by the retailer have found. The meal, withdrawn from sale on Tuesday, came from the French factory producing Findus beef lasagne, also at the centre of a row over horsemeat. Meanwhile, Environment Secretary Owen Paterson has told MPs of plans to test all processed beef in the UK. Tesco Group technical director Tim Smith said: "The frozen Everyday Value Spaghetti Bolognese should contain only Irish beef from our approved suppliers. The source of the horsemeat is still under investigation by the relevant authorities. He also stated that "The...
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...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;...
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... b.No because under the direct method service department costs are directly allocated to production departments. 5-8 Required a. Total Employees: Nbr of employees: % of Employees: P1 500 200 40% P2 500 300 60% b. Service Department Service Dept. Costs Costs Allocated to: P1 P2 S1 $4,000,000 $1,600,000 $2,400,000 S2 3,000,000 1,200,000 1,800,000 S3 2,000,000 800,000 1,200,000 Total: $9,000,000 $3,600,000 $5,400,000 6-8 a. Only variable costs will be increased. b. Since the reported cost is higher than the price the manager will not accept the order. 6-15 Total cost of setup 4,000,000 Number of setups 2,000 Cost per setup 2,000 Setups for EP150 2 Cost allocated to EP150 4,000 Units Produced 800 Cost allocated to each unit 5 6-18 It may be difficult to compare. b.The manager may want to carry multiple orders when the workers go to the warehouses. Problem 6-3 • Direct material $ 20 Direct Labor $ 5 Overhead $ 15 Total $ 40 opportunity cost of producing a Model 350 motor? $ 40 b. Suppose Binder can win the Dacon business by bidding a price of $37 per motor (but no...
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...Week 7 Homework 24. H0: μ2 ≤ μ1 H1: μ2 > μ1 a = 0.05 (one-tailed) z-crit = 1.645 test statistic z = (μ2-μ1) / √[(s1)²/n + (s2)²/m] = (351-345) / √[28²/60 + 21²/54] = 1.3 Failed reject H0 because 1.3 < 1.645 and conclude that the difference in means is not significant because the number of units produced on the afternoon shift is larger. 34. These are independent samples of sufficient size to use the z-test for proportions. n1 = 270 x1 = 56 n2 = 203 x2 = 52 α = 0.05 p1’ = x1/n1 = 56 / 270 = 0.2074 p2’ = x2/n2 = 52 / 203 = 0.2562 pbar = (x1 + x2) / (n1 + n2) = (56 + 52) / (270 + 203) = 0.2283 qbar = 1 – pbar = 1 – 0.2283 = 0.7717 H0: p1 = p2 Ha: p1 ≠ p2 (claim) At α = 0.05 for a two-tailed test, zcrit = ±1.96 ztest = [ (p1’ – p2’) – (p1 – p2) ] / √[(pbar)(qbar)(1/n1 + 1/n2)] ztest = [ (0.2074 – 0.2562) – 0 ] / √[(0.2283)(0.7717)(1/270 + 1/203)] ztest = -1.2515 Since ztest > zcrit, the null hypothesis cannot be rejected. There isn’t enough evidence to support the claim that there is a difference in the proportion of humorous advertisements in British vs American trade magazines. 37. H0: μ2 ≤ μ1 H1: μ2 > μ1 Mean (1)=125.125 Mean(2)= 117.714 Sd(1)= 15.094 Sd(2)= 19.914 Sp2= 305.708 t= (125.125-117.714) / √[305.708 (1/8+1/7)] = 0.819 There is no difference in the mean number sold at regular price and the mean number sold at the reduce price. Therefore, we cannot reject the H0. 38. This is a one-tailed...
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...[pic] Braeside High School BTEC Extended Diploma in Business ( Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a...
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...[pic] Braeside High School BTEC Extended Diploma in Business (Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behavior on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research...
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...HOMEWORK #1 Question 1: a) The per capita CD sales are higher in the U.S. than in Mexico, while per capita cassette sales are lower in the U.S compared to Mexico because of the income elasticity of demand for these goods. CDs are normal goods and demand for them rises as income rises. The per capita sales of CDs are higher in the U.S. because U.S. citizens have higher income than Mexicans. On the other hand, music cassettes are considered inferior goods because of new technological advancements and as income rises, demand for them falls as people are starting to buy more modern products such as CDs. Due to income elasticity the average American consumer can afford to buy CDs rather than music cassettes, while Mexicans with their lower incomes choose cassettes over CDs. b) A diagram for U.S. CD-market demand: (i) Increase in the price of CDs – changes in price cause movement along the demand curve. When the price of CD increases, the quantity demanded will decrease because the Law of Demand states that price and quantity demanded are inversely related. (ii) Rise in the ownership of CD players – CDs and CD players are complimentary goods, which means that as people own more CD players, the demand curve for CDs will shift to the right P D1 D Q (iii) Fall in the price of music cassettes – CDs and music cassettes may be considered substitutes and therefore as the...
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...BTEC NATIONAL IN BUSINESS (MANAGEMENT) Unit 37 – Starting a Small Business Assignment 1 – Present your business idea This task assesses P1 Present the initial business idea using relevant criteria Signed (IV) _________________________________ Print Name__________________________________ This unit is all about starting your own small business. The assignments will take you through the planning process in order to complete your own small business plan. This may be a business you are thinking of starting in the future. To complete this assignment you should think of a business idea that you will be able to research and plan for. It should be realistic. You will present your idea to an assessor and some of your class mates. |P1 |Task 1 | | | | | |You should consider whether your business will be new, a franchise or whether you are going to buy an existing | | |business. Your bank manager has asked for your thoughts on this before he/she makes an appointment to discuss your | | |plan. | | | ...
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...CPU SCHEDULINGCPU scheduling in UNIX is designed to benefit interactive processes. Processes are given small CPU time slices by a priority algorithm that reduces to round-robin scheduling for CPU-bound jobs.The scheduler on UNIX system belongs to the general class of operating system schedulers known as round robin with multilevel feedback which means that the kernel allocates the CPU time to a process for small time slice, preempts a process that exceeds its time slice and feed it back into one of several priority queues. A process may need much iteration through the "feedback loop" before it finishes. When kernel does a context switch and restores the context of a process. The process resumes execution from the point where it had been suspended.Each process table entry contains a priority field. There is a process table for each process which contains a priority field for process scheduling. The priority of a process is lower if they have recently used the CPU and vice versa.The more CPU time a process accumulates, the lower (more positive) its priority becomes, and vice versa, so there is negative feedback in CPU scheduling and it is difficult for a single process to take all the CPU time. Process aging is employed to prevent starvation.Older UNIX systems used a 1-second quantum for the round- robin scheduling. 4.33SD reschedules processes every 0.1 second and recomputed priorities every second. The round-robin scheduling is accomplished by the -time-out mechanism, which tells...
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...Ag Econ 1041 Name _________KEY______________________ Exam 1, 140 points 11 a.m. Section September 25, 2008 True/False – one point each |T |1. |The most fundamental economic issue is scarcity. | |F |2. |Economics is the study of ways that people can earn more income. | |F |3. |Decisions are best when the decision maker focuses on average benefits and average costs. | |T |4. |Markets are where sellers and buyers interact in an effort to make themselves better off. | |F |5. |Supply is the quantity of a product produced within a specific time period. | |F |6. |Opportunity cost is what we pay for a good minus any coupons or rebates. | |F |7. |A comparative advantage is held by a producer who has the lowest monetary costs to produce a good. | |T |8. |The marginal benefit curve of consuming your favorite good eventually declines as consumption increases. | |T |9. |Increases in income tend to increase our consumption of many but not all goods. ...
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...afafasfasfasfafafas CASE STUDY – INDIAN BEER INDUSTRY Microeconomics Group Assignment Group 3: Shubham Arora – 3 Karthik B – 4 Manisha Garg – 19 Rama Lakshmi M - 32 Sstitute of Management S.P Jain Institute of Management and Research Research Indian Beer Industry – Case Study Analysis The Indian beer industry has been witnessing steady growth of 7-9% per year over the last ten years. The rate of growth has remained steady in recent years, with volumes passing 100m cases during the 2005-2006 financial year. With the average age of the population on the decrease and income levels on the increase, the popularity of beer in the country continues to rise. Industry Consolidation and Emergence of a new Bi-polar Market Dynamic The Indian beer industry has witnessed a big change during the last five years. The industry was previously dominated by competition between the Vijay Mallya-controlled United Breweries Group and the Manu Chabbriacontrolled Shaw Wallace. The scenario changed, however, with the entry of SABMiller in India. The international beer giant started by acquiring small breweries in the south but then completely changed the landscape with the acquisition of Shaw Wallace’s beer portfolio for a reported US$132m in 2003. This gave SABMiller ownership of strong brands like Haywards 5000, along with its existing brands. After the acquisition, SABMiller focused on spreading its footprint across India, including opening new breweries in states where Shaw Wallace did not have...
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...CHAPTER 4 SI UNIT PROBLEMS SOLUTION MANUAL SONNTAG • BORGNAKKE • VAN WYLEN FUNDAMENTALS of Thermodynamics Sixth Edition Sonntag, Borgnakke and van Wylen CONTENT SUBSECTION Correspondence table Concept problems Force displacement work Boundary work: simple one-step process Polytropic process Boundary work: multistep process Other types of work and general concepts Rates of work Heat transfer rates Review problems English unit concept problems English unit problems PROB NO. 1-19 20-30 31-46 47-58 59-70 71-81 82-94 95-105 106-116 117-122 123-143 Sonntag, Borgnakke and van Wylen CHAPTER 4 6 ed. CORRESPONDANCE TABLE The new problem set relative to the problems in the fifth edition. New 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 5th 1 2mod new New New 3 4 new New new New New 18 27 new new 5 new New 13 new new New New New 22 45 mod 8 12 14 New New New New 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 5th new 19 20 33 mod 37 36 15 30 6 New 32 7 9 34 10 New New 26 39 New 40 New New New New 58 59 60 61 New New New New New 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 5th new new new 43 new New new new New 47 HT 48 HT 49 HT 50 HT mod 51 HT mod 52 HT 53 HT 54 HT 55 HT 56 HT 57 HT 31 mod 11 16 17 23 21 mod 28 29 24 44 35 th Sonntag, Borgnakke and van Wylen The English unit problem set is...
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...uniformly & completely • Gases diffuse & mix rapidly Gas properties can be modeled using math which depends on: • V = volume of the gas (L or dm3) • T = temperature (K) • n = amount (mol) • P = pressure (atm) 5 FHSC1114 Physical Chemistry 4 6 1 Centre for Foundation Studies, UTAR Boyle’s Law Unit of Pressure & Volume • Unit of Pressure: The effect of pressure on gas volume 1 atm = 760 mm Hg = 101325 Pa (Nm-2) = 101.325 kPa = 1.013 bar = 760 torr P 1 V inversely proportional PV constant • Unit of Volume: PV1 P V2 1 2 1 dm3 = 1 L 1 m3 = 103 dm3 = 106 cm3 at constant n and T 7 Example 1: Boyle’s Law 8 Solution: A sample of CO2 has a pressure of 55 mm Hg in a volume of 125 mL. The sample is compressed to the new pressure 78 mm Hg. What is the new volume? Boyle’s Law: P1V1 P2V2 at cons tan t n and T P1 = 55 mm Hg , V1 = 125 mL P2 = 78 mm Hg , V2 = ? 9 10 Charles’s Law Example 2: Charles’s Law The effect of temperature on gas volume A sample of CO2 has volume of 25.0ml at room temperature. What is the final volume of gas if it is heated at 37 °C ? V T Directly proportional...
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...Exam 3 Spring 2013 Question 1. 1. In the market structure called monopolistic competition (Points : 1) | a. Very little advertising will occur b. There are only a few companies in t he industry c. These industries offer only few products X d. None of the above | | Question 2. 2. In a purely competitive industry (Points : 1) | a. Products are differentiated b. A large amount of advertising occurs c. Price will be higher than in other market structure X d. None of the above | Question 3. 3. A used lawn mower is an example of (Points : 1) | a. a search good X b. an experience good c. a homogenous good d. None of the above | Question 4. 4. The problem of asymmetric information can be overcomed by (Points : 1) | a. Reputation b. Brand name c. Warranties X d. All of the above e. None of the above | Question 5. 5. The CAPM can be used to: (Points : 1) | a. Determine a company's cost of using bonds to raise capital b. Estimate the rish premium a company must pay to raise money by issuing stocks c. Shows the relation between risk and return for stocks in thewhole market d. Can not be used to determine a company's cost of issuing stocks X e. b and c | Question 6. 6. Given TC=10+5Q, ED=-2, what price will a monopolist charge? (Points : 1) | a. 5 b...
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...implement through business activities; the implications of not operating ethically for both the business and society and the rewards gained from ethical policies. In preparation for the event you will be provided with two briefs detailing a number of research tasks. Brief 1 is below, Brief 2 is to follow. Brief 1: You are to investigate, through extensive research, the ethical activities of VOLKSWAGEN. Start with the company mission statement, examine their aims and objectives and review the different stakeholders that Volkswagen is associated with. Once you have this research carry out the following tasks detailed below. a) Explain the ethical issues Volkswagen needs to consider in its operational activities (P1) For this task you will need to research the different ethical issues facing organisations, this should include: corporate governance; corporate social responsibility; environment; sustainability; human rights; working conditions; corruption and trading fairly. Once you have explained these issues take a look at Volkswagen’s mission statement and aims and objectives. Describe how Volkswagen is attempting to show stakeholders it’s aware of ethical concerns. b) Explain the implications for the business and stakeholders of Volkswagen operating ethically (P2) For this criteria investigate the...
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