Managing Change In Operations Essay -- essays research papers

Behavior Traits of Successful Businesses Business Innovation Opportunities Businesses are resource limited and must determine where and in what way to allocate resources to achieve business mission objectives. This translates to why it is so important for business to be creative and actively plan for innovation correctly. Innovation is a change of direction and it alters investment policy so it is essential from the onset for the business planner to be clear about the current state of product â€Å"portfolio†. The planner must recognize how to balance the current products against possible policies for future development and their likely implications in terms of cash flow, market share, return on capital employed and other key components of company objectives. A successful behavior trait taking hold for successful companies is to develop business models to assess a strategy. These models provide change models expanding on issues such as â€Å"what†, that provide a picture of the company now of analysis; and â€Å"which†, that suggest alternative action paths for the company to take. Both of these models provide information to build a more complete picture of events within the business and options for future development. Managers should make use of these models and many don’t. Those that do are more likely to be successful and have the ability to minimize risk of failure. Business managers who do are far more likely to survive. For planners and non-planners there is not a single universal technique that can be applied in all situations. Use of strategic planning models can be a very important behavior trait for successful companies. Companies that do not use strategic planning models usually don’t because the model does not offer what the customer wants. It may be inadequate because of its analysis of the relationship between company resources and markets. These result in advice about overall investment decisions rather than about the specifics of how to manage the alternatives in the market/business relationship can be shortsighted, since there are always alternatives in order to gain the maximum competitive advantage. Since change is so an important aspect of business continuity, many models don’t necessarily provide assiduous suggestions for what type of change should be considered. An example of modeling one such model in use by Boston Consulting Gr... ...he market required by other types of innovation. Therefore, three broad types of organizational patterns can be described as appropriate for components of the innovation matrix and it can be described as follows: 1. Common room – appropriate for the development of sector creating innovations 2. Rugby scrum – approaches are best for the management of performance extension, technological reorganization and process innovations and those innovations that require a close and continuing contact with the marketplace for effective control 3. Coffee shop – reformation, service, branding, design and packaging are most suited in this sector Once a company has formulated an innovation policy it must evaluate whether to acquire the expertise from outside the organization (acquisition), to borrow it (licensing), to develop it with a partner with some specific expertise in this area (joint venture), or to concentrate on developing the knowledge internally. By studying how knowledge has been acquired and the problems associated with each route, it is then possible to come to some general conclusions about the best overall method for developing competitive advantage in the 1990’s and beyond.

Hris Case Study

HRIS Case study 1. How does this position help the HR function become a strategic partner of the organization? MOMIRI companies realize that quality personal are the key to success. That means the company can achieve its strategic goals by the support of human capital. Therefore, proper management of human capital is the core factor for company to reach its strategic goals. Thus, HRIS, of which primary objective is to maximize the value of an organization’s human capital, can serve as a significant strategic partner of the organization.In addition, according to the duties and responsibilities of the HRIS administrator, since the HRIS administer serves as key systems liaison with other department such as payroll, HRIS administer can also help other department and build an integrate relationship between HR and other department. That relationship can provide a very insightful view for HR department and help the company to make and implement its strategic goals by providing some u seful information of employees. 2. From the position description, identify the traditional, transactional, and transformational HR activities that this position is involved with.Traditional: Conduct new hire in process to include systems training for new employees and entering new employee information in Costpoint. Conduct termination out-processing to include entering employee separation information in Costpoint and reporting attrition data. Process personal actions (hires, terminations, pay & title changes, promotions, employment status, etc) to include entering data into HRIS. Transactional: Support and maintains the HRIS in addition to other systems supported by the management of enterprise applications.Provide detail and aggregate information for salary surveys and regulatory reporting. Maintain data integrity in ATS, HRIS, and other enterprise system by running queries and analyzing and fully auditing data across all HR departments. Transformational: Provide HR tools and resou rces for management and staff to accomplishment their goals and objectives. Serve as key systems liaison with other departments and process stakeholders. 3. Using the key responsibilities identified for this position, explain why and how the HRIS function plays a pivotal role in the organizational model as described in this chapter.The HRIS function keeps and manages all the employees’ information. The HRIS analyzes the employees’ information such as performance and skills and identifies some talented person to plan and implement project. In addition, the HRIS can help make payrolls and thus build an integrate relationship with other finance and accounting software. Last but not least, HRIS can enhance efficiency and effectiveness of HR administrative functions and improve employees satisfaction by delivering HR services more quickly and accurately.

Symbolism in “The Adventures of Huckleberry Finn” by Mark...

Rivers flow freely and calmly, and people usually go to the river to get away from the hectic world around them. With nature surrounding them, people can find peace and quietness. The Mississippi River is the largest river in the United States. It’s length and width, along with its fast flowing current, makes it an ideal scene to escape civilization. In â€Å"The Adventures of Huckleberry Finn† by Mark Twain, the two main characters, Huck and Jim, find peace on the Mississippi as they spend endless nights floating down stream. Becoming civilized in society is a major theme in the novel and the Mississippi river helps Huck and Jim become uncivilized as it provides them with protection from the outside world, freedom, and adventure. The†¦show more content†¦Huck and Jim have the power to do whatever they want as they escape the norms of society. When they are curious about what is going on in town, Huck simply dresses up as a girl and tries toget information: â⠂¬Å"I reckoned I would slip over to the river and find out what was going on†¦I turned up my trouser- legs to my knees and got into it. Jim hitched it behind with the hooks. I put on the sun-bonnet and tied it under my chin†¦Ã¢â‚¬ (54). This creativity by both Huck and Jim is the direct result from the extra freedom that they now have while they are on Jackson’s Island, which is on the Mississippi river. They do not have to follow the rules set by Miss Watson or anyone else; they are totally free. This freedom also leads to the exploration of many places, such as the house in the middle of the river. Huck and Jimfind the house floating downstream and go inside to explore: â€Å"We paddled and got aboard- clumb in at an upstairs window†¦ we could make out a bed, and a table, and two old chairs, and lots of things around about on the floor†¦Ã¢â‚¬ (50). This exploration results from the unlimited freedom that they have. This freedom also leads tomany adven tures. There are many adventures that greet Huck and Jim as they travel south down the Mississippi River. These adventures allow Huck and Jim to escape the rules of society. When the Duke and Dauphin come aboard, they decide to â€Å"dress Jim up in a King Lear’s outfit- it was a longShow MoreRelatedEssay Symbolism: the Adventures of Huckleberry Finn1207 Words   |  5 Pageshave used symbolism to express certain feelings and emotions in discreet ways. What is symbolism? The practice of representing things by means of symbols or of attributing symbolic meanings or significance to objects, events, or relationships (Dictionary.com). Numerous authors use the same denotations to illustrate different thoughts or ideas. Mark Twain uses various symbols, such as the river and the land to expose freedom and trouble in his novel, The Adventures of Huckleberry Finn. The AdventuresRead MoreEssay on Symbolism in The Adventures Of Huckleberry Finn1212 Words   |  5 Pageshave used symbolism to express certain feelings and emotions in discreet ways. What is symbolism? The practice of representing things by means of symbols or of attributing symbolic meanings or significance to objects, events, or relationships (Dictionary.com). Numerous authors use the same denotations to illustrate different thoughts or ideas. Mark Twain uses various symbols, such as the river and the land to expose freedom and trouble in his novel, The Adventures of Huckleberry Finn. The AdventuresRead MoreSamuel Clemens : The Father Of American Literature1614 Words   |  7 PagesCrucible, and The Adventures of Tom Sawyer are all popular examples of American Literature. Many of the most well-known written works of American Literature can be funneled back to one person, Samuel Clemens. Many people might say, who is Samuel Clemens? However, if they are informed of his â€Å"pen† name, they may form connections. Clemens wrote under the â€Å"pen† name, Mark Twain. According to the Oxford University Press, it was in 1863 in which Samuel Clemens starting signing as Mark Twain. Clemens derivedRead MoreMark Twain s Adventures Of Huckleberry Finn1755 Words   |  8 PagesMark Twain’s Adventures of Huckleberry Finn is a masterpiece and an American classic according to Alex Brink Effgen, a PhD student working on the impact of Twain’s writing (Effgen). Twain expresses the problems that faced America during the 1830s to 1870s through the poin t of a view of a boy that indirectly expresses his hate for the accepted societal rules that are placed on ideas such as racism. Twain’s use of dialect, language and symbolism express the Realism era and creates a powerful masterpieceRead MoreLife and Works of Mark Twain Essay1634 Words   |  7 Pagesand Works of Mark Twain Introduction Mark Twain is considered as one of the most renowned authors of his time. He attained worldwide success, very early in his professional career. Twain was mostly known for writing realistic novels, in which the language and the mindset of the people reflected the traditions and values of their environment. As he spent ample time near the Mississippi River, the symbolism of the river and its significance is reflected in his books. Overall, Mark Twain was a celebratedRead MoreAnalysis Of Mark Twain s The Tale Of Adventures Of Huckleberry Fin 1468 Words   |  6 PagesII Honors November, 19th 2014 Mark Twain Mark Twain was a boy from missouri who rose to become one of america’s most iconic novelists. Twain stood out in his era by using his realistic writing style and mixing with his experience as a boy growing up in missouri, Twain wrote classics no other would dare write about at this time. Twain stepped out of societies bubble and wrote the tale of Adventures of Huckleberry Fin. Through is writing, Twain was open about the horrors of slavery andRead MoreRiver Symbolism In Huckleberry Finn1252 Words   |  6 PagesThis quote relates to The Adventures of Huckleberry Finn written by Mark Twain because, Huck Finn has a friend who goes with him on his journey to the south. In a way his friend Jim becomes almost like family. They have spent all of their time together and they have been through a lot to get to the south and be free. The Adventures of Huckleberry Finn is a valuable novel and should be included in high school curriculum because it teaches people through river symbolis m, the language used in the 1800sRead MoreMark Twain s The Adventures Of Huckleberry Finn2015 Words   |  9 Pagesthe latter nineteenth century, the famous author Mark Twain, less commonly known as Samuel Clemens, produced The Adventures of Huckleberry Finn. A few years prior to the publishing of The Adventures of Huckleberry Finn, Mark Twain released possibly his most famous book, The Adventures of Tom Sawyer, which is very much an adventure novel. In the early chapters of Twain’s sequel, it appears that ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬ The Adventures of Huckleberry Finn is another adventure novel, and that it is just following a differentRead MoreVenturing Freedom with Mark Twain1587 Words   |  6 PagesVenturing Freedom Mark Twain, notable for his works in the late 19th century, grew up in Hannibal, Missouri, and worked as a riverboat pilot along the Mississippi River. Missouri was a slave state; it was there that Twain became familiar with the institution of slavery, as well as the ideas and practices of racism and inequality that dominated American life during that period. Although freedom was the basis of America’s foundation, the novel is written during a time that freedom is often in questionRead MoreThe Adventures Of Huckleberry Finn By Mark Twain1508 Words   |  7 Pagesmeaning of his writing is Mark Twain. By using satire, he humorously draws attention to some issues faced in American culture and other places around the world. A perfect example of his use of satire is his novel Adventures of Huckleberry Finn. Twain’s widely read novel Adventures of Huckleberry Finn uses satire as a tool to expose a few key issues faced in America, which are organized religion, violence in A merican culture, human ignorance and gullibility. In 1861, Mark Twain visited Salt Lake City

Different Types Of Cell Cycle - 1293 Words

Chapter five primarily covers information about cells, cell division, and the different types of cell cycles. The cell cycle is a sequence of events that makeup the life of a typical eukaryotic cell, from the moment of its origin, to the time it divides to produce two daughter cells. Interphase starts off the cell cycle and it is the longest stage in the cell cycle. Most cells spend 90% or more of their life span in interphase. Interphase is divided into three main phases-G0, G1, S, and G2 phases. This portion of the cell cycle takes in nutrients; manufactures proteins and other substances, expands in size, and conducts special functions which depend on the cell type. The G1 phase is the first phase in the life of a newborn cell, and is known as the â€Å"gap 1† phase. The S phase is the phase that follows the G1 phase. In this phase, cells that are destined to divide, preparations for cell division begin during the S phase. The â€Å"s† in this phase stands for  "synthesis†. This phase is responsible for replication of the cell’s DNA, and this is one of the most important responsibilities performed in this phase. G2 phase occurs after the S phase but before the start of cell division. The G2 phase is known as the â€Å"gap 2† phase. The G1 phase, S phase, and G2 phase, each make up the parts of interphase. Cell division is the last stage in the life of an individual cell. As cell division begins, the cell contains twice the amount of DNA because of DNA replication in the S phase. The G0Show MoreRelatedBiology: Cell Division Cycle Essay1583 Words   |  7 Pagesparticular cell-division cycle. All organisms are constantly dividing and growing throughout their life time. The cell-division cycle in eukaryotes is a complex process that involves cyclins, cdks and multiple checkpoints that eventually lead to cell division. There are two different types of cell division which are Meiosis and Mitosis. Meiosis is the type of cel l division which involves gametes or sex cells that are involved in sexual reproduction. This type cell division produces 4 different haploidRead MoreSymptoms And Treatment Of Cancer1432 Words   |  6 Pagesof drug to treat a disease, but today, it is most used in a cancer context. These drugs can also be known as cytotoxic (i.e. cell-killing) drugs or as antineoplastic (i.e. anti-cancer) drugs. But what is this complex disease called cancer? Cancer is a multi-step process mainly characterized by uncontrolled cellular growth and proliferation. Chemotherapy is very different from other cancer treatments, such as surgery or radiotherapy. One of the main reasons for this is, although chemotherapy canRead MoreEssay on Analysis of Treatments for Cancer1411 Words   |  6 Pages      Ã‚  Ã‚   Cancer is a disease in which cells multiply out of control and gradually build a mass of tissue called a tumor. There has been a large amount of research dedicated to the treatment and cure of cancer. Several types of treatments have been developed. The following are just some of the major examples of cancer therapy: surgery, chemotherapy, radiation therapy, biologic therapy, biorhythms, unconventional treatments, and hyperthermia. Each type of treatment is discussed in detail belowRead MoreHaha631 Words   |  3 PagesChapter 12: The Cell Cycle Reading guide Overview: 1. What are the three key roles of cell division? State each role, and give an example. 2. What is meant by the cell cycle? Concept 12.1 Cell division results in genetically identical daughter cells 3. What is the meaning of genome? Compare your genome to that of a prokaryotic cell. 4. How many chromosomes are in a human somatic cell? 5. Name two types of somatic cells in your body. 6. What is a gamete? 7. Name theRead MoreTreatments and Drugs for Cancer671 Words   |  3 PagesChemotherapy is a drug, or a variety of different drugs designed to kills cancer cells that have metastasized around the body, shrink primary tumours or slow the growth of tumours (Triggle Hecht, 2010). It is a non-selective cytotoxic drug which target both malignant and normal cells (Craft, Gordon Tiziani, 2011). Radiation and surgery are also treatments, used with chemotherapy to destroy cancer cells in the body (Sugerman, 2013). Chemotherapy is done to shrink a tumour before surgically removingRead MoreCell Cycle Regulation - Genetics1387 Words   |  6 Pages1.  What are the different restriction points of the cell cycle? Describe each. G1 (Restriction) Checkpoint * End of G1, just before onset of the S phase (DNA replication) * Yeast â€Å"start†; other eukaryotes â€Å"restriction point† * The options for the cell at this point: * divide, delay division, or exit the cell cycle * Cells can exit the cell cycle at this point into an arrested stage (G0) * When this checkpoint is passed, cdk4 and cyclin DRead MoreGene And Protein As A Therapeutic Agent For Cancer1407 Words   |  6 Pagesas being a tumor suppressor (1). One of the most studied areas of cancer is how p53 functions and its role in the cell cycle which has led to studies that target p53 as a therapeutic agent for cancer (1). In the year 2001, it was found that the protein product of the gene hSIR2SIRT1, which is a homolog of S. cerevisiae Sir2 protein, deacetylates the p53 protein and allows for either cell growth arrest or apoptosis (2). Due to this finding, the Sirtuin 1 protein has been heavily studied and even beenRead MoreThe Cell Cycle Of Cancer1453 Words   |  6 Pagesor cancerous cells are found in the ovaries† (American Cancer Society). In other words, as the cells within the ovaries continue to grow abnormally, benign or malignant neoplasms will occur. Those cells will then outlive normal cells, and spread rapidly to other sections of the body due to the abnormal functioning of the cell cycle, which includes the G0 phase, G1 phase, S phase, G2 phase, and M phase. In particular, as stated before, the cell cycle consists of five different phases: G0 phaseRead MoreThe Effects Of Simulated Microgravity On Embryonic Stem Cells935 Words   |  4 PagesEmbryonic Stem Cells This article investigated various effects of Simulated Microgravity (SMG) in mouse embryonic stem cells. The study was conducted by Yulan Wang, Lili An, Yuanda Jiang and Haiying Hang. Funding was provided by grants from the Knowledge Innovation Program of Chinese Academy of Sciences. This study is a follow-up study on previous ones that have been done on adult and differentiated stem cells, but this is the first to be done on embryonic stem cells. Broadly, the two cells types in mammalsRead MoreMetabolism and Energy Essay849 Words   |  4 Pagesof all chemical reactions which occurs and are involved in sustaining life of a cell, and thus an organism. Metabolism is of the following two types: catabolism and anabolism. In catabolism, molecules break down producing energy During anabolism, synthesis of essential compounds needed by the cells are produced (such as DNA, RNA, and protein synthesis). Bioenergetics describes the metabolic pathways by which a cell obtains energy. Nutrition science studies the relation between food substance and

Adult Alienation And Parental Alienation - 1981 Words

What is parental alienation? Parental alienation is simply the efforts on the part of one parent to turn a child against the other parent, the reasons, and methods as well as if the parent is deliberate or it becomes an unintentional side effect of a bad separation is unclear. The parental alienation syndrome continues to be a common occurrence that has be difficult to define and understand by those observing the relationships between a child and both parents from the outside in. The possibility of parental alienation syndrome becoming a new diagnosis in the next DSM and ICD released for publication is leaning toward a welcome focus on a common occurrence. The idea that parental alienation is ‘new’ is not shared by those the mental health and the legal profession have are completely overwhelmed by the volume of custody cases are battles as well as those who are damaged by the attempt of one parent to make a goal of eliminating and d the other parent. What the modern family During the last 2010 US Census, it was noted by the US Census Bureau that one married couple out of every two will become divorced and with the average marriage only lasting 7 years we have enough youth left to try, and try again to create a relationship that will endure the remainder of their lives. The blending of families are taking all sorts of twist and turns in all types of combinations have ‘Normal Family† has shifted from the original biologically bonded mother, father and child to becomingShow MoreRelatedEssay about Parental Alienation Syndrome850 Words   |  4 Pages Parental Alienation Syndrome is defined as a syndrome where one parent (usually the custodial parent) alienates the child or children from the other parent. A child psychiatrist organized this syndrome by the name of Richard Gardner. The fact that Parental Alienation Syndrome is used in custody litigations makes it a very controversial issue. The syndrome tends to target one parent and favor the other, sometimes leaving the child in compromising situations. Also, Gardners syndrome lacksRead More Rebel W/out A Cause Essay871 Words   |  4 Pagesfeels the need to belong and interact. As a result, he changes his style of dressing to assimilate with the others. Nowadays the majority of the teenagers also feel the urge to comply with the various standards of a certain group to save them from alienation. A perfect example of such a case is clearly visible in the way the majority of teenagers today dress alike. Most of them state that it’s a matter of fashion and style and oth ers say that they just want to be different. The fact of the matter isRead MoreEssay on America Needs Music Censorship550 Words   |  3 Pageslyrics. We believe that not all music is right for all ages and our Parental Advisory Label was created for just that reason. Parents can use the label to identify music that may not be appropriate for their children and make the choice about when – and whether – their children should be able to have that recording. Music can also be an opportunity -- an outlet for parents or other adults to talk to kids and an opportunity for adults to tune into what kids are thinking and feeling. Listen to the musicRead MoreLong-Term Effects of Divorce on Adolescent Boys and Girls3594 Words   |  15 PagesAdolescent Boys and Girls Undra Parker Wayland Baptist University Abstract Parental divorce can result in devastating effects on children. These children suffer tremendous long-term consequences as a result of an event that is not their doing. This paper reviews literature and opinions concerning the long-term effects of divorce on adolescents. The paper outlines four major areas of interest: aggression as a result of parental conflict and the different types associated with boys and girls, depressionRead MoreEssay on The Metamorphosis, by Franz Kafka1973 Words   |  8 Pagesthe main character and Kafka himself, experienced insecure behavior, alienation and depression in their relationships. For Gregor, these symptoms had a tremendous effect on his self-concept: it led to a depressive and desolate end. Kafka’s misery in his real life was reflected in the Gregor‘s transformation. The Metamorphosis exposes the outcome of negative self-concept from Gregor’s feelings from his relationships, alienation and loss of communication. This ess ay will be able to provide evidenceRead MoreAlienation Amidst Dissimilarity: The Kite Runner1212 Words   |  5 Pagesattention it deems appropriate. This concept can otherwise be defined as alienation. â€Å"Alienation occurs when a person withdraws or becomes isolated from other people in his or her environment. People who are alienated will often reject loved ones or society, and feel distant and estranged from their own emotions† (Alienation 1). Multiple times in the novel The Kite Runner, the protagonist, Amir, lives through an alienation that causes him to search for alternative routes in order to feel acceptedRead MoreWorld War II And Its Impact On Japan1513 Words   |  7 Pagesbeen built off of the ideas of honor, death, and glory, and Mishima believed that, with this transition into modern Japan, a so called â€Å"lack of glory† became prevalent. Through the characters of Noboru and Ryuji, Mishima incorporates the theme of alienation to highlight his own li fe experiences, feelings and disapproval during Japan’s transition to modernization. Noboru’s purpose as a character is to embody the effects of westernization on traditional thinking. By constructing a peculiarly differentRead MoreTenants Of Personality Theories And The Bible1274 Words   |  6 Pagestwo into this paper. Tenants of Personality Theories and the Bible Exploration of the foundations of personality with different topics of research studies into parental practices and theories of mind development and progression of the personality throughout infancy, learning processes, belief system and adult maturity including information to Bible reference and scientific information studies. The Bible is God’s word and not only is He concerned of our foundation and progression ofRead MoreHolden Caulfield is Lost in The Catcher in the Rye Essay1356 Words   |  6 Pagesthings such as growing up, reality and people who are phonies. It seems that Holden is confused and trapped in memories from moments past, that he is dealing with loneliness and isolates himself as a form of protection. Not only that but he lacks parental attention therefore, is desperate for companionship. Holden says, The best thing, though, in that museum was that everything always stayed right where it was. Nobody’d move. . . . Nobody’d be different. The onl y thing that would be different wouldRead MoreFive Mistakes Step Parents Make1136 Words   |  5 Pagesmake negative comments about the other parent in front of the child. This is a form of parental alienation co-parenting professionals call tribal warfare. It is hurtful to the child and can be very confusing as well. If you must discuss/complain about the other parent do it when the child is not home or with you. 2. Pretending The Other Parent Doesn t Exist - This can be a more subtle form of parental alienation but can be just as hurtful as negative comments/words. Pretending the other parent does

Mid term Exam Free Essays

1. a. Opportunity cost is the cost of the foregone alternative. We will write a custom essay sample on Mid term Exam or any similar topic only for you Order Now    It is the cost incurred for net selecting a particular course of action.   Opportunity cost is present in a lot of areas in economics, such as labor and capital. b. Increasing costs are expenditure that rises due to a particular activity.   For instance, if the economy is growing and the disposable income of the population is increasing, the velocity of circulation of money will rise.   This will eventually lead to increasing costs. c. Unemployment basically comprises the part of labor, which is capable of working, but which presently is not employed.   Unemployment arises when the actual output of the economy is lower the potential gross national product. d. Scarcity arises whenever the quantity supplied does not meet the quantity demanded for a product or service.   Scarcity can also apply for labor supply, in instances, where the economy is growing at a fast rate, but there is not sufficient labor to accommodate the job vacancies needed. 2. a. Chicken is a substitute product of beef.   Therefore the rise in price of chicken will lead to a rise in the demand of beef leading to an outward shift of the quantity demanded. b. If the wages of meat cutters will increase, more individuals would be interested in working in that area.   Therefore the quantity supplied of meet would increase leading to an outward shift in the quantity supplied. c. As income increases the disposable income of the population will rise.   If meet is considered a luxury good, the quantity demanded will rise because more will be afforded.   As a result an outward shift in quantity demanded will arise. d. If import quotas are eliminated, the competition and supply of beef will increase.   This will lead to a surplus in the market, which will eventually direct to a lower demand.   An inward shift of the quantity demanded will thus arise. 3. If for instance, the availability of cows diminishes due to an epidemic disease on cows.   This will direct to a leftward shift in the quantity supplied resulting in the quantity supplied not meeting the quantity demanded.   This shortage of meet, will eventually lead to a shift in the demand curve to reach again equilibrium position at a higher price.   The level of employment will be enhanced due to more number of firms willing to enter the market.   However, such shortage may limit the availability of meet supply. On the contrary if competition is increased in the market of beef, due to a reduction/removal in import quotas or new entry of firms, the quantity demanded will shrink through an inward shift.   This will thus lead to a quantity supplied greater than quantity demanded.   Therefore there will be a surplus of meet supplied that will direct a shift in the quantity supplied to meet again equilibrium at a lower price.   Firms will eventually drop out of the market due to lower profits leading to a decrease in the level of employment in such industry. 4. The total utility of a client is maximized when the marginal utility of a commodity is equal to the marginal utility of the other good.   Indeed the indifference curve is a graph that portrays a combination of commodities with the same level of utility.   Points are inputted from the situation at hand, which are eventually connected to form an indifference curve graph.   This holds on the assumption that consumption of goods is varied continuously and not incrementally. 5. a. Price elasticity of demand is a measure of the level of responsiveness of the quantity demanded to changes in price.   Price elasticity of demand is not the demand curve. b. The income of an individual is an important determinant of demand.   Income elasticity of demand is a calculation that shows the sensitivity of demand in relation to changes in income. c. In the real world a manager should not isolate on the price of the product or service sold only, he should also consider the prices of substitute and complementary products and services.   In this respect cross-price elasticity of demand is used to calculate the responsiveness of demand of the product marketed in relation to changes in prices of substitute or complementary products. d. Price elasticity of supply also is a determination of the level of responsiveness of the quantity supplied to movements in price. 6. The price elasticity of demand is the effect that a change in a variable will hold on the other variable.   A coefficient price elasticity of demand equal to 1 is attained for a unitary elasticity, one greater than 1 for an elastic demand and one less than 1 for an inelastic demand.   Under unitary elasticity, a percentage change in price will exactly provide the same effect on the quantity demanded.   Therefore a one percent increase in price will lead to a one percent decrease in quantity demanded. An elastic demand is an instance where a change in price leads to a more than proportionate effect on quantity demanded.   Thus a one percent increase in price will lead to a decrease in demand greater than one percent.   On the contrary, under inelastic demand a change in price will lead to a less than proportionate change in quantity demanded.   So a one percent increase in price will direct to a less than one percent decrease in quantity demanded. 7. Under an elastic demand total revenue would decrease when the price rises.   This is due to the fact that the increase in price will be exceeded by the reduction in units demanded due such elasticity.   For instance a product that holds a price elasticity of demand of 5.   If the present demand is 100 units and the actual price is $5, the total revenue is $500. If a 1% rise in price occurs increasing it to $5.05 a fall of 5% in demand will occur direct sales to 95 units.   In this case the total revenue would amount to $479.75, which is lower than the original revenue.   On the contrary, under an inelastic demand a rise in price will direct to higher revenue since the percentage decrease in units sold would be less than the percentage increase in price. 8. The cross-price elasticity of demand for substitute goods is always positive because the price of one item and the demand of the other move always in the same direction.   For example, chicken and meat are substitute goods.   If the price of chicken will rise, the quantity demanded for meat will increase too, because clients will shift from buying chicken to meat. The cross-price elasticity of demand for complimentary goods, on the other hand, is always negative because the price and quantity demanded of the variables at hand move at the opposite direction.   For instance, cameras and films are complimentary.   If the price of films increase, the demand for cameras will fall because fewer customers will purchase cameras in light of additional costs incurred for films, which are necessary for the camera to take photos. 9. The first and most important is the availability of substitutes.   The more a product or service faces substitute products, the more price-elastic is the demand.   This is due to the fact that if there are close substitutes and the price of the product is increased, the customer will shift to the substitute product and therefore the demand for the commodity will decrease.   For example, if the price of laptop computers were to rise, the demand for such product will probably fall because people will shift to personal computers. It is important to note that the effect of substitutes highly depends on how ‘substitute products’ are defined.   Usually the more specific the definition the higher the number of substitute products.   For instance, if the example of laptop computers were to be lessened to laptop computers of Hewlett Packard, one would find more substitute products like laptop computers of other competing companies, leading to a greater price-elastic demand. The income spent on the product is another determinant of price elasticity of demand.   The higher the income spent on the commodity, the more elastic is the demand.   For example, goods like bread, pepper, and sugar tend to have an inelastic demand curve, because they make up a low amount of the consumer’s budget. While products like cars have a more elastic demand curve due to the fact that people are more cost conscious when products are of a high value and therefore are more affected by changes in price.   However, in practice it is not guaranteed that the hypothesis mentioned in this paragraph actually takes place.   Indeed, some economists weaken the theoretical relationship that exists between the proportion of income spent on the product and the price elasticity of demand. Time element also places significant influence on price elasticity of demand.   The longer the time period, the more price-elastic is the demand, because substitute goods will be adapted or created to cater for the change in price.   For example, if the price of electricity were to increase drastically during the passage of time people will replace their home equipment and appliances to consume less electricity. For instance they may adopt a solar geezer or replace their electric cooker with a gas cooker.   On the contrary, the price elasticity of demand of durable goods behaves in the opposite direction.   For durable goods like cars, the responsiveness of demand to price movements weakens with the passage of time.   This is primarily due that in the long run old cars wear out and clients are forced to replace such vehicles if they intend to remain in the same product category. 10. Returns to scale are a production technique that considers how a proportionate increase in factors of production will affect total production output.   There are three stages of return to scale, being constant, increasing and decreasing.   Management should reach the highest point of the increasing returns to scale, where output rises in a higher proportion than input.   Economies of scale are more a cost concept, which examines the effect of production on costs through labor specialization and other technical factors.   The information portrayed below show the costs of production for a particular product. As we can see the higher number of units produced per worker is at 4 employees.   After that a diminishing return to scale will arise.   This coincides to the attainment of economies of scale, where the additional cost per new employee is at its lowest by $1.   In this respect returns to scale and economies of scale are related in the sense they normally correspond with each other.   Indeed, economies of scale normally aid the organization in attaining increasing returns to scale. 11. Short-run is considered as any time frame in which there is at least one factor of production that cannot be altered and is considered to be fixed.   In the long run all factors of production are variable and can be altered.   In order to remain operative in the short run a firm ought to cover all the variable costs.   Fixed costs at this stage are considered as sunk costs because they cannot be altered and will not affect the going concern decision. 12. Explicit costs are costs that involve a cash outflow of money, while implicit costs are expenditure that does not involve cash payments, such as depreciation. 13. The economic concept of profit is based on theoretical constructs.   Originally such concept focused on the difference between revenue and expenditure, being the surplus needed to maintain the capital of the firm.   The economic cost of production for a firm was regarded as the opportunity cost of production. With respect to the accounting concept of profit, one must consider the fact that originally the accounting concept of profit was similar to nowadays-economic concept of profit.   Indeed at the origination of this concept accountants regarded profit from a balance sheet perspective.   However during the passage of time accounting profit shifted to a matching of revenues and costs consumed in a particular period of time.   Accountants contend that such shift developed through the evolution of business enterprises, from a fully liquid business enterprise to large public limited companies. 14. a. A firm made Sales revenue of $10,000 and revenue expenditure amounted to $9,000.   Equipment of $10,000 was bought and the present interest rate is 10%.   The accounting profit is $1,000, while there is no economic profit since an opportunity cost of capital of $1,000 is deducted with respect to the foregone money due to the equipment bought. b. A firm made Sales revenue of $12,000 and revenue expenditure amounted to $8,000.   Equipment of $12,000 was bought and the present interest rate is 10%.   The accounting profit is $4,000, while the economic profit is $2,800. c. A firm made Sales revenue of $9,000 and revenue expenditure amounted to $7,500.   Equipment of $20,000 was bought and the present interest rate is 10%.   The accounting profit is $1,500, while the economic loss amounts to $500. d. As regards example b, the company is attaining economic rent and will thus continue operating.   Under perfect competition new firms will enter this market in the long term.   In case c, the firm will get out of the market due to an economic loss.   As regards example a, a normal profit is attaining, implying that the market is at an equilibrium and under perfect competition no firms will enter or exit the market. References: Hirschey M.; Pappas J. (1995). Fundamentals of Managerial Economics. Fifth Edition. New York: The Dryden Press. Maunders P.; Myers D.; Wall N.; Miller L. (1993). Economics Explained. Second Edition. London: Collins Educational. How to cite Mid term Exam, Essay examples

AngelaS Ashes College Essay Example For Students

AngelaS Ashes College Essay Angelas Ashes is a moving book full of poverty, suffering, and death thatshows that no matter how difficult things seem, the hard tines can always beovercome. Angela and Malachy McCourt, both Irish, were married in America aftera passionate night together that ended up producing their first son, Francis (orFrank as introduced to the reader). Later, the couple had another son, twins,and a daughter while living in a small apartment in New York. Margaret soon diedand the family moved to Ireland where their lives were only worsened. Angela hadtwo more children that lived, but the young twins died. Malachy was an alcoholicwho rarely held a job and spent his wages at the pub instead of on his family. They were forced to beg for food and other necessities because relatives werecruel and selfish. This novel tells the tell of young Frank having to endureextreme poverty, starvation, and a broken family with strength and courage. Heeventually raises enough money to go to America and break free from hisdepressing childhood. In my opinion, the theme of this book is that no matterhow bad things seem to be, anyone can survive and become successful throughperseverance and determination. For example, Frank grew up in just about theworst environment possible but was determined enough to get himself to Americaand eventually become the author of a Pulitzer Prize winning novel! Frankachieved his goals by taking any extra jobs that he could find and saving everypenny possible until he could finally afford his passage to America. Because hisfather never brought home any money, Frank supported the family with what littlewages he earned at his job and was determined to make a good life for himself, his brothers, and his poor mother. Frank learned to depend upon no one buthimself and his determination to succeed won him a new life in America where henow lives happily married. I noticed numerous literary devices presentthroughout the book. One such device is the use of apostrophe. Apostrophe isused continuously when Frank speaks to the angel on the seventh step and alsowhen he and his parents speak to the dead children such as Eugene, Oliver, andMargaret. The story is told from the point of view of Frank as he grows from ayoung boy of about three or four to a young man at nineteen. This point of viewis especially effective because it shows how he feels about his experiences ashe ages and how he felt at that exact time. His views change as he grows and hisnaivete vanishes. He becomes a stronger, smarter person with the readerfollowing along. I also noticed frequent use of imagery. Frank describes hiseyes when they are infected with red and yellow oozing out of them. Vividimages a re also used to describe the putrid smells in their house next to thelavatory that was used by the entire street to empty their chamber pots. McCourtalso chooses to write very often in the diction of the old Irish language. Thisword choice adds to the mood of the book and attempts to bring the reader intoIreland. The book is also packed with humor. For instance, when the boys wereplaying outside, McCourt said that the women stand because all they do istake care of the children, clean the house, and cook but the men sit becausethe spend their time discussing the problems of the world and wondering whatto do with the rest of the day(107). This is a humorous, almost satiricallook at the traditional male-female roles in a family. Humor is also used whileFrank waits for the angel on the seventh step and his naivete as a young boy. .udc7f6b436839cc84f2c86f794107ceee , .udc7f6b436839cc84f2c86f794107ceee .postImageUrl , .udc7f6b436839cc84f2c86f794107ceee .centered-text-area { min-height: 80px; position: relative; } .udc7f6b436839cc84f2c86f794107ceee , .udc7f6b436839cc84f2c86f794107ceee:hover , .udc7f6b436839cc84f2c86f794107ceee:visited , .udc7f6b436839cc84f2c86f794107ceee:active { border:0!important; } .udc7f6b436839cc84f2c86f794107ceee .clearfix:after { content: ""; display: table; clear: both; } .udc7f6b436839cc84f2c86f794107ceee { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .udc7f6b436839cc84f2c86f794107ceee:active , .udc7f6b436839cc84f2c86f794107ceee:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .udc7f6b436839cc84f2c86f794107ceee .centered-text-area { width: 100%; position: relative ; } .udc7f6b436839cc84f2c86f794107ceee .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .udc7f6b436839cc84f2c86f794107ceee .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .udc7f6b436839cc84f2c86f794107ceee .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .udc7f6b436839cc84f2c86f794107ceee:hover .ctaButton { background-color: #34495E!important; } .udc7f6b436839cc84f2c86f794107ceee .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .udc7f6b436839cc84f2c86f794107ceee .udc7f6b436839cc84f2c86f794107ceee-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .udc7f6b436839cc84f2c86f794107ceee:after { content: ""; display: block; clear: both; } READ: Statistics EssayMcCourts novel is filled with wonderful, descriptive images that help toshape his fascinating tale from poverty to success. Book Reports