Corp Finance and Budgeting
Student _Adria Cleary_
1. Which one of these is a correct definition?
A. Net working capital equals current assets plus current liabilities.
B. Current liabilities are debts that must be repaid in 18 months or less.
C. Current a
International Journal of Academic Research in Business and Social Sciences
January 2015, Vol. 5, No. 1
Sport Fan Motivation: Are You Going To The Game?
Johannes A. Wiid
Professor in Marketing Management at the Department of Marketing and R
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ELEKTRA PRODUCTS, INC.
Barbara Russell, a manufacturing vice president, walked into the monthly
companywide meeting with a light step and a hopefulness she hadnt felt in a
long time. The companys new, dynamic CEO was going to announce a new era of
Applied Project Management: Assessment Kit
Applied Project Management Assessment
Instructions to Participants
Submitting your Assessment
You are required to submit your assessment by the due date
Your assessment is du
Faculty of Arts and Education Unit Guide
Accountability and Corporate Social Responsibility
2014 Trimester 2
This unit guide is applicable for the year and teaching period specified above only
TABLE OF CONTENTS
WELCOME . 2
SIT101 Assignment 1
This assignment is to be completed individually and is worth 15% of overall marks. It is
due via electronic submission on or before 8.30 am Monday August 4 (Week 6).
This assignment assesses your knowledge of an emerging IT
Using Microsoft Word to create
citations and bibliographies
In Word, you can use the Citations & Bibliography functions on the References tab to help
you to produce citations and a bibliography or a reference list in your document.
This guide shows you ho
Communications and Media
Profits are a function of revenue and
Revenue is determined by the products
selling price and number of units sold:
Total Revenue = P X Q.Sold
Gross Profit Margin: the gross profit margin
equals the firms gross profit
The New Economy
Professor Al K. Rashid
Is history capable of repeating
In 1967, futurist Herman Kahn
predicted that the 1960s boom
would be timeless
That boom involved low
unemployment, high producti
Countries are classified according to three
income levels: high, middle, and low.
Per Capita Income classifications:
Low Income $725 or less.
Middle income.$ 726-8955
High income .$ 8956 or more.
David Ricardo & the Concept of
Comparative Advantage is the ability of a
country to produce a specific good at a
lower opportunity cost than its trading
. A country should specialize in what it is
relatively efficient at p
Mercantilism is the name given to the
economic system that arose in western
Europe in the 1500s during the period in
which modern nation states were
emerging from feudal monarchies.
The Central Question
How could a nation regulate its domes
Rent, Interest & Profit
Rent: Pure economic rent is the income
earned by a factor of production that is in
completely INELASTIC SUPPLY.
INTEREST: The price paid for the use of
Profit: Is the difference between total
REVENUES and TOTAL COSTS.
New York Stock Exchange
The NYSE lists stocks for over 3,000
corporations, with a total market value of $12
Before a corporations stock is approved
for listing on the New York Stock
Exchange, the firm must usually mee
Internal Labor Markets
The concept of Internal Labor Markets was
first developed in economics in the early
1970s by Peter Doeringer & Michael Piore.
The internal labor market is a complex set
of administrative procedures and rules
governing the allocati
A market with only two sellers is called a
1. Products are identical
2. Each firm will act as if its
rivals output is fixed.
The EQUILIBRIUM PRICE for the industry
will be less than the Monopoly price but
higher than the price resulting f
A market in which many firms produce
differentiated goods or services but each
maintains some independent control of its
In Monopolistic Competition:
1. There are a large number of firms
A firm that produces the entire market supply
of a particular good or a service.
In A Monopolistic market there is:
1. A single seller
2. A product with no close substitute
3. Entry into the industry is barred.
Why Monopoly Does Arise?
Market Structure Characteristics
Perfect competition -Many powerless
Monopolistic Competition - Many firms
sell similar products; production decision of
any single firm does not directly affect the
sales or selling price of other firms (e.g., gas
The WILLINGNESS and ABILITY to work
specific amounts of time at alternative wage
rates in a given time period.
Demand for Labor:
The quantities of labor employers are
willing and able to hire at alternative wage
rates in a given time
Profit Maximization By Firms
Goals of Firms: Firms are assumed to be
profit-maximizing or profit-oriented.
Decisions on prices, output, inputs, and
other factors consistently reflect a striving
for higher profit.
Goals of Firms
According to Herbert Sim
The Market System
Consumer Sovereignty: The authority of
consumers to determine what is produced
through their purchases of goods and
Private Sector: Household, business, and
the international sector.
Household: One or more per
Pricing and Price strategies
A price is the exchange value of a good or service.
The two primary types of new product pricing
1. Price Skimming: the strategy of charging the
highest possible price for a product during th
The Business Cycle
Recession: recession can be defined as two
consecutive quarters of falling output.or a
period of declining real incomes and rising
Depression: A severe recession.
Three Facts about Economic
1. Economic fluct
The Economic Nature of the
The Classical Concept:
Firms are the economys basic units of
production. Firms transform inputs into goods
and services, and sell the latter to households
and firms with the objective of maximizing
According to A