...business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the total cost of production when the firm hires 7 workers? |a. |$66 | |b. |$76...
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...business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the total cost of production when the firm hires 7 workers? |a. |$66 | |b. |$76...
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... | |Unit number and title |Unit 39: International Business | |Learner Name | | |Assessor Name | | |Date issued |31/10/13 | Assessment criteria to be assessed in this assignment |Criteria Reference|To achieve the criteria the evidence must show that the learner is able to: |Task No. |Page No. | |P1 |Explain the international business environment in which a selected organisation operates |1.1 | | |P2 |Describe the mechanisms that regulate international trade |1.2 | | |P3 |Describe how the environment and culture of another country affects |1.5 | | | |a business operating internationally | | | |P4 |Describe how the monetary environment...
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...OCR Cambridge TECHNICALS Unit 1 Communication and Employment Skills Copyright Notice All material is Copyright ICT Interactive unless otherw ise stated. Each w orksheet can be photocopied w ithin the purchasing institute as long as they remain at the institute w hich made the initial purchase. No f orm of this resource can be transmitted electronically, digitally, mechanically, paper based, or otherw ise outside the purchasing institute w ithout prior permission of the publisher or author. Microsof t Window s, Window s NT, Vista, XP, Seven/Eight, Off ice 2003, Off ice 2007/2010 and/or other Microsof t's products ref erenced are either trademarks or registered trademarks of Microsof t. Macromedia/Adobe and/or other such Adobe products ref erenced are either trademarks or registered trademarks of Adobe. Dis claimer This resource has been created f or educational purposes only. The publisher or author has tried their very best to ensure that the resource pack is accurate and up -to-date. How ever, the publisher or author takes no responsibility if any of the inf or mation content is inaccurate or incorrect that may contradict or mislead in anyw ay at the time w hen the resource w as published. The publisher and author specif ically disclaim any responsibility f or any liability, loss, or risk, personal or otherw ise, w hich is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this resource. For purposes...
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...14. CAT.NO.1746-IB16 15. CAT.NO. 1785-LT PLC-5/15 PROCESSOR MODULE 16. CAT.NO. 1771 10 BN B 17. CAT.NO.1771-IFE C 18. CAT.NO. 1771-10OBN B 19. CAT.NO. 177110BD C 20. CAT.NO. 1746- OB8 21. CAT.NO.1746-IB16 22. CAT.NO1747-L524 23. CAT.NO.1771-P45 12OV POWER SUPPLY MODULE 24. CAT.NO.1771-OFE2 B ANALOG OUTPUT MODULE (12 BIT. CURRENT OUTPUTS) 25. CAT.NO.1746-OB8 OUTPUT MODULE 26. CAT.NO.1746-IB8 INPUT MODULE 27. CAT.NO.1746-OB8 OUTPUT MODULE 28. CAT.NO.1771-OBD 10 TO 60 VDC OUTPUT MODULE 29. CAT.NO.1771-P4S B 120V AC POWER SUPPLY MDL 30. CAT.NO.1747-L514 SLC 500 PROCESSOR UNIT 31. CAT.NO.1772-LXP MINI-PLC-2/16 PROCESSOR W/PWR SUPPLY (SERIES C) 32. CAT.NO. 1771=P45 120V AC POWER SUPPLY MODULE 33. CAT.NO.1785-L40B/E ENHANCED PLC-5 CONTROLLER 34. CAT.NO.100-C16*10 B 35. CUTLER HAMMER. MODEL: M39STH PM 3000 POWER SERIES. S/N: 23415-002. P/N: 92-01624-03 36. CAT.NO. 77159-152-53 RN6 WITHOUT SCREWS 37. ALLEN BRADLEY- 2711P-K12C6A1 38. CAT.NO. 1747-L20B 39. AMETEK.M/N: 88C007A2. S/N:23624-8-1 40. DALLAS. DS1225Y-150 NONVOLATILE SPRAM 41. TOSHIBA. TMP82C55AP-2 42. MAXIM. 1CM7218CIPI 9025 43. SHARP. LH5116-10 9429 7 GC 44. MRC 5000 SERIES M/N: 51100033AA. S/N: 132577-0001...
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...Unit 39 – International Business Scenario You are employed by the local Business Development Agency and have been asked to independently research international business in relation to an international case study business of your choice. From your research you are required to put together a research report document which can be used to assist businesses who are considering trading internationally. Your work should be a result of your own independent research and contain references throughout and a bibliography. Your research should follow the guidelines set and give your own supported judgement where indicated. Learning Outcomes 1. Understand the international business environment 2. Know how cultural differences affect international business 3. Know how international business is financially supported 4. Understand the strategies used by international business Task 1 – covers P1 – Hand in date 11/4/2014 P1 – Explain the international environment in which a selected organisation operates in 1. Choose a business which operates internationally, it is suggested that you use one from the following list as they make good international case studies. You may chose an alternative that is not on the list but you must get prior agreement with your tutor. Aviva Dyson Burberry M&S JCB Barclays Britvic Tesco JLR Cadbury GSK Costa Premier Foods B&Q Ikea 2. Write a 400 word background introduction on the company and...
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...Modeling and Solving LP Problems in a Spreadsheet Chapter 3 C.T. Ragsdale. 2008. Spreadsheet Modeling & Decision Analysis, 5th E. Revised, Thompson 1 Section 1 EXCEL SOLVER 2 Introduction • Solving LP problems graphically is only possible when there are two decision variables • Few real-world LP have only two decision variables • Fortunately, we can now use spreadsheets to solve LP problems 3 LP Solvers • Conventional – MPS (IBM) – LINDO, GINO – GAMS – AMPL • Algebraic Language • Spreadsheet Modeling • The company that makes the Solver in Excel, Lotus 12-3, and Quattro Pro is Frontline Systems, Inc. Check out their web site: http://www.solver.com – Frontline Solver, Premium Solver, Risk Solver – What’s Best? 4 Steps in Implementing an LP Model in a Spreadsheet 1. Organize the data for the model on the spreadsheet. 2. Reserve separate cells in the spreadsheet for each decision variable in the model. 3. Create a formula in a cell in the spreadsheet that corresponds to the objective function. 4. For each constraint, create a formula in a separate cell in the spreadsheet that corresponds to the left-hand side (LHS) of the constraint. 5 The Simple Farm Model Again! max π = x1 + 1.5x2 s/t x1 + 2x2 ≤ 160 3x1 + 2x2 ≤ 240 x1 ≥ 0, x2 ≥ 0 6 Implementing the Model See file FarmEx original.xls 7 Cell Labels 8 How Solver Views the Model • Target cell - the cell in the spreadsheet that represents the objective function...
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...Modeling and Solving LP Problems in a Spreadsheet Chapter 3 C.T. Ragsdale. 2008. Spreadsheet Modeling & Decision Analysis, 5th E. Revised, Thompson 1 Section 1 EXCEL SOLVER 2 Introduction • Solving LP problems graphically is only possible when there are two decision variables • Few real-world LP have only two decision variables • Fortunately, we can now use spreadsheets to solve LP problems 3 LP Solvers • Conventional – MPS (IBM) – LINDO, GINO – GAMS – AMPL • Algebraic Language • Spreadsheet Modeling • The company that makes the Solver in Excel, Lotus 12-3, and Quattro Pro is Frontline Systems, Inc. Check out their web site: http://www.solver.com – Frontline Solver, Premium Solver, Risk Solver – What’s Best? 4 Steps in Implementing an LP Model in a Spreadsheet 1. Organize the data for the model on the spreadsheet. 2. Reserve separate cells in the spreadsheet for each decision variable in the model. 3. Create a formula in a cell in the spreadsheet that corresponds to the objective function. 4. For each constraint, create a formula in a separate cell in the spreadsheet that corresponds to the left-hand side (LHS) of the constraint. 5 The Simple Farm Model Again! max π = x1 + 1.5x2 s/t x1 + 2x2 ≤ 160 3x1 + 2x2 ≤ 240 x1 ≥ 0, x2 ≥ 0 6 Implementing the Model See file FarmEx original.xls 7 Cell Labels 8 How Solver Views the Model • Target cell - the cell in the spreadsheet that represents the objective function...
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...BTEC Business Studies (Level 3) Unit 39 International Business Aim and purpose The aim of this unit is to introduce learners to the role played by international business. The importing and Exporting of goods and services are important economic activities to any economy. Learners will study National and international businesses and the framework in which they operate. In this unit you must explain the importance and differences of international trade. You will explain key economic terms and demonstrate an understanding of how to trade internationally. Many of the tasks will cover several Passes and Merit Criteria. Barr’s are soft drink manufacturers who are famous for manufacturing Irn Bru. They have just appointed you as their marketing manager and are keen to explore the idea of selling Irn Bru abroad. They have identified Germany as a possible option. They have asked you to research into the benefits and costs of doing business internationally. They have asked you to write a report and then present your findings to the board. P1) P1 explain the international Business environment in Which a selected organisation Operates You decide to look at a company that is successfully trading internationally. * Write a profile of a multi-national company Where is its headquarters? Where does it sell its goods or services? What percentage of its market are in different countries etc? How long has it traded in different countries? Turnover etc? * Answer...
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...obtained the optimal assignment of manager, Manager Ajay requests the Principal to assign him Juhu Stores, which is the closet to his residence, as he has been medically advised not to take long journeys, and based on that Principal agrees to this request how should the present assignments be changed and how much extra will it cost the Principal? Q10. Engineering Company has five Products of different models and age. Each product is manufactured by a machine. Because of electricity problem, raw material problem, workers problem the weekly output of a standard component differs. The data are given in the matrix below. Each finished component is worth Rs.15/- Machine Products (WEEKLY OUTPUT UNITS) P1 P2 P3 P4 P5 M1 27 30 30 45 51 M2 25 32 40 48 57 M3 32 30 50 56 48 M4 30 33 45 52 60 M5 33 39 44 51 59...
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...to find the right CD/DVD for your navigation system. 1. Find your car in the overview. 2. In the columns that matches your navigation system you will find one or more codes consisting of a letter/number combination. 3. Go to the list of codes at the end of the overview to find out which navigation CDs/ DVDs are available for your car and navigation system. Compatibility navigation units & software (Passenger cars) Navigation 20/ Universal Media Interface Audio 30 APS Audio 50 APS Valid from 01.11.2011 to 30.11.2011 COMAND APS COMAND APS DX COMAND - Version C, APS 1, APS 2, APS 4 W/V 168 - A-Class up to 2004 A1 A2 A3 W/C 169 - A-Class from 2004 C1 D1 D2 D3 D4 W/C169 - A-Class from 07/08 M1 L1 L4 L2 L5 L3 W 245 - B-Class C1 D1 D2 D3 D4 W254 - B-Class from 07/08 M1 L1 L4 L2 L5 L3 W/S 202 - C-Class up to 2001 A1 A2 A3 W/S/CL 203 - C-Class up to 03/04 A1 A2 A3 F1 F2 F4 F5 F7 F8 F10 F3 F6 F9 W/S/CL 203 - C-Class from 04/04 C1 D1 D2 D3 D4 W/S204 - C-Class from 03/07 P2 P3 P4 K1 J1 J4 J2 J5 J3 CLC - CLC-Class from 06/08 to 09/08 C1 D1 D2 D3 D4 3 Compatibility navigation units & software (Passenger cars) Navigation 20/ Universal Media Interface Audio 30 APS Audio 50 APS Valid from 01.11.2011 to 30.11.2011 COMAND APS COMAND APS DX COMAND - Version C, APS 1, APS 2, APS 4 CLC - CLC-Class from 09/08 M1 L1 L4 L2 L5 L3 C...
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...1. Improvements in technology for producing all goods must result in (A) an inward shift in the production possibilities curve (B) an outward shift in the production possibilities curve (C) a flatter production possibilities curve (D) a steeper production possibilities curve (E) greater unemployment of labor 2. The quantity of peanuts supplied increased from 40 tons per week to 60 tons per week when the price of peanuts increased from $4 per ton to $5 per ton. The price elasticity of supply for peanuts over this price range is (A) Elastic (B) Inelastic (C) unit elastic (D) perfectly elastic (E) perfectly inelastic 3. Which of the following best describes the law of demand? (A) The price of a good increases when the demand for the good increases. (B) The price of a good decreases when the supply of the good decreases. (C) When the price of a good increases, its demand decreases. (D) When the price of a good decreases, its quantity demanded increases. (E) Demand creates its own supply. 4. Assume that ice cream is a normal good. If the price of ice cream decreases, the substitution effect and the income effect will lead to which of the following changes in ice cream consumption? | Substitution Effect | Income Effect | (A) | Increase | Decrease | (B) | Increase | Increase | (C) | Increase | No change | (D) | Decrease | Increase | (E) | Decrease | No change | 5. Short-run marginal costs...
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...and a nonoperating return (the effective use of financial leverage – specifically, leverage multiplied by the spread). Increasing leverage increases ROE as long as the spread is positive. Financial leverage is also related to risk: the risk of potential bankruptcy and the risk of increased variability of profits. Companies must, therefore, balance the positive effects of financial leverage against their potential negative consequences. It is for this reason that we do not witness companies entirely financed with debt. Q4-3. Gross profit margins can decline because 1) the industry has become more competitive, and/or the firm’s products have lost their competitive advantage so that the company has had to reduce prices or is selling fewer units or 2) product costs have increased, or 3) the sales mix has changed from higher margin/slowly turning products to lower margin/higher turning products. Declining gross profit margins are usually viewed negatively. On the other hand, cost increases that reflect broader economic events or certain strategic product mix changes might not be viewed negatively. Q4-4. Reducing advertising or R&D expenditures can increase current operating profit at the expense of the long-term competitive...
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...DEA Tutorial Abstract Data envelopment analysis (DEA) is a linear programming based technique for measuring the relative performance of organisational units where the presence of multiple inputs and outputs makes comparisons difficult. This tutorial paper introduces the technique and uses an example to show how relative efficiencies can be determined and targets for inefficient units set. The paper also considers a number of practical issues of concern in applying the technique. Introduction There is an increasing concern with measuring and comparing the efficiency of organisational units such as local authority departments, schools, hospitals, shops, bank branches and similar instances where there is a relatively homogeneous set of units. The usual measure of efficiency, i.e.: [pic] is often inadequate due to the existence of multiple inputs and outputs related to different resources, activities and environmental factors. This problem can be illustrated for depots of a large retailing organisation which distributes goods to supermarkets. In this case the inputs for an efficiency measure are taken to be the value of the stock and the recurrent costs mainly in the form of wages, as those are resources supporting the operation of the depots. Stock is reasonably an input to an efficiency measure as an efficient depot will attempt to give a good service at lower stock levels, saving on capital and space. The outputs correspond to activities of the depots and are measured by...
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...Company? a. Payments of wages to its office workers. b. Rent paid for the use of equipment owned by the Schultz Machinery Company. c. Use of savings to pay operating expenses instead of generating interest income. d. Economic profits resulting from current production. 2. Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sold 100,000 units of its output at $50 per unit, its accounting: a. profits were $100,000 and its economic profits were zero. b. losses were $500,000 and its economic losses were zero. c. profits were $500,000 and its economic profits were $1 million. d. profits were zero and its economic losses were $500,000. 3. Which of the following is a short-run adjustment? a. A local bakery hires two additional bakers. b. Six new firms enter the plastics industry. c. The number of farms in the United States declines by 5 percent. d. BMW constructs a new assembly plant in South Carolina. 4. The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product respectively. Therefore, we can conclude that: a. marginal product of the third worker is 9. b. the third worker has to work with poorer-quality tools and raw materials. c. the firm will not want to hire more than three workers. d. the first worker puts forth more effort than the second and third workers. 5. In the diagram, the range of diminishing marginal returns is: a. 0Q3...
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