Documents about Resource Allocation

  • 3 Pages

    HR Career Path_Notes

    Cornell, H ADM 211

    Excerpt: ... Career Path Food Service Manager Step 1: Food Preparation Worker Initial Jobs include: Preparation cook, Food Service Worker, Food Service Aide, Nutrition Aide, Inventory supplier. Knowledge and stills needed: Customer service experience Food production and preparation experience Equipment knowledge and experience Mathematics, accounting and inventory keeping experience Comfortable language skills Knowledge of business and management principles for: Strategic planning Resource allocation Human resource modeling Effective resource allocation Production methods Managing strategies Active listening Proper instructing Speaking comprehension Ordering information Problem sensitivity Deductive reasoning Professional sensitivity Dependable and reliable Honest and trustworthy Adaptable and flexibly Basic formal training High school diploma or GED certificate What I already have as a studying entrepreneur: ...

  • 1 Pages

    TEST1REV07

    Washington, PSYCH 335

    Excerpt: ... nd phase differences Changes with age Noise and loss of hearing, temporary hearing loss, TTS, permanent hearing loss Noise exposure limits Engineering and administrative controls Methods for handling noise problems Worker compliance with use of protective devices Chapter 6 and related lectures Concept of person as a limited information processor Human factor guidelines for supporting perception Short term sensory store, working memory, long term memory, procedural and declarative memory, episodic and semantic memory, prospective memory, source monitoring Codes in memory, chunks, auditory and visual codes in memory Mental models Remembering emergency skills (such as CPR) Attention and time-sharing Selective attention. Influenced by salience, effort, expectancy, and value Divided attention. Influenced by - resource demand, structure, similarity, and task management ( resource allocation ) Situation Awareness Changes with age ...

  • 1 Pages

    Chapter 7 Notes

    Cornell, ECON 1110

    Excerpt: ... Chapter 7 Notes Welfare economics- the study of how allocation of resources affects well-being Willingness to pay- max amount one would pay- ambivalent about purchase if it occurs at this price Consumer surplus- amount one is willing to pay for a good minus what he actually pays Measured by area below the demand curve and above the price Good measure of economic behavior only when policy makers want to respect the preferences of buyers Marginal buyer- buyer that would leave the market if the price rose at all Vs marginal seller- would leave if market price dropped Producer surplus- amount a seller is paid minus the cost to provide it Measured by area beneath price and above supply curve Total Surplus= Value to buyers Cost to sellers = willingness to buy willingness to sell Area between demand and supply curve up to equilibrium point Efficiency- the property of resource allocation of maximizing the total surplus received by all members of society Equity- the fairness of the distribution of well-being among ...

  • 9 Pages

    MicroIntro

    UC Irvine, ECON 100B

    Excerpt: ... ay economic resources are allocated depends on the economic systems. Chapter1: Preliminary In every economy, the economic system decides what to produce, how to produce, and for whom to produce. Economic Systems: Free Market Command Economy Mixed Economy In a free market economy, the market or demand and supply decides the resource allocation . In a command economy the central planner or the government decides the resource allocation . In a mixed economy part of resources is allocated by market and part by government. Chapter1: Preliminary Economics statements are divided into two types: Normative and Positive. Normative Economics: Statements Based on Value Judgment and Personal Norms. The way Things Should be (Based On our Own Value Judgment). Positive Economics: Statements Based on Fact, Data, The Way Things Are. No controversy over positive statements. Microeconomics: Study of Individual Economic Units. Topics such as consumer behavior or theory of firm. Chapter1: Preli ...

  • 1 Pages

    Econ Intro

    Virginia Tech, AAEC 1006

    Excerpt: ... What is economics? The study of how people organize to decide how goods are produced, wat goods get produced, and who gets them Economics is not about making money The study of economics can involve the study of many different types of econ systems: ...

  • 1 Pages

    PS 2 Lecture 9-2-08

    Berkeley, POL SCI 2

    Excerpt: ... locations are made for a collectivity. Robert Price All collectivities (e.g. universities, businesses) have political aspects. 2 main processes of politics: Decision making: Making resource allocation s for collectivity. Enforcement: Inducing members to view these decisions as binding. Important political terms Political system: Totality of social actions that influence making binding value allocations for collectivity. Involves more than formal mechanisms. Cultural values important; different cultures value different things. Will exist so long as there is a collectivity and a scarcity. Government: The collection of offices in a political system. - Robert Dahl. Institution specialized in allocating values. State: Makes a claim to monopolize the legitimate use of force within a collectivity. Claims sovereignty. Weber says that this is within a territorial area. ...

  • 2 Pages

    Ag Econ Chapter 11

    Colorado State, AREC 202

    Excerpt: ... onopolies accumulation of wealth isn't good to wealth there are restricted outputs and higher prices PAY ATTENTION TO THE INEFFICIENT RESOURCE ALLOCATION AND MARGINAL ANALYSIS! Marginal Utility is greater than Marginal cost we under produce, the exception is natural monopolies price is less than marginal cost, so that we have to raise production KNOW THE GRAPH ON PAGE 140! IT WILL BE ON A TEST! not many good things about a monopoly. there are a few things that could be good. may shift demand to right through advertising efforts and thus expand output or production. may shift cost curves downward due to economies of scale. since a natural monopoly may have lower costs that an industry composted of many smaller firms, prices may be competitive may aid innovation by investing in Research and development monopoly is a price maker as compared to Perfect competition's price taker inefficient resource allocation too little output and too high of price ...