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With respect to the above process, consider the following questions:
1. What type of process is the above one: order-to-cash, procure-to-pay or issue-toresolution?
2. Who are the actors in this process?
3. What value does the process deliver to its customer(s)?
4. What are the possible outcomes of this process?
5. Taking the perspective of the customer, what performance measures can be attached to this process?
6. What potential issues do you foresee this process might have? What information would you need to collect in order to analyze these issues?
7. What possible changes do you think could be made to this process in order to address the above issues?
Why can not one nation have a comparative advantage over another country in the production of everything if the first country has excellent natural resources
scenario one in the early part of the last decade there was an overproduction of coffee. the price dropped so low that
What do we call Adam smith's second theory of value. the value of a good "to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command?"
What is a store of value? What types of assets act as a store of value?
Discuss whether informing the consumer about any toxic substances used in the manufacture of a product is sufficient to produce an efficient level of toxic substance use in that product.
What is the resource triangle and how does it relate to the revolution in unconventional oil and natural gas production?
Since all economies are faced with scarcity, how might nations attempt to minimize the human hardship associated with scarcity Try to use concepts seen in this unit such as production possibilities frontier, comparative advantage, circular flow, e..
If the economy were experiencing high rates of unemployment and low inflation, the appropriate monetary policy strategy would most likely be: a. to have the Fed sell securities on the open market.
B2. Suppose that consumers become pessimistic about the future health of the economy, and so cut back on their consumption spending. What will happen to aggregate demand and to output? What might the government have to do to keep output stable?
if the fed wants to keep real gdp at its potential level in 2015 should it use expansionary policy or contractionary
Sunrise Surf Corporation is considering to create 35 surfboards in a month if it can sell each board for $400. If it can receive $700 for each board, the company is willing to create 75 surfboards.
a) If the firm must charge the same price to both consumers, show that q1 = 400/3 and q2 = 200/3 and find the firm's profit b) Now assume the firm can perfectly price discriminate on a continuous level. Show that q1 = 200, q2 = 100, and that the fi..
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