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Question:
(a) Describe the meaning of Business Process Outsourcing (BPO).
(b) BPO deals mainly with non-core processes of an organization. Describe four of such type of processes.
(c) List and briefly explain three drivers and three inhibitors (risks) for BPO.
Why are countries that let people respond to the inborn profit motive better off than those countries that do not?
Question: (a) Discuss the conditions necessary to achieve Pareto Efficiency. (b) Competitive markets are generally assumed to lead to a Pareto optimal allocation of resource
What are the disadvantages of informal economy? Disadvantages of the informal sector are as illustrated below: • don’t pay direct taxes; • Can produce important pollutio
What are the similarities among the developing economies? Common characteristics of LDCs (Less Developed Countries) include: • Low living standards (that is low real income
The economy of Cotai contains 2000 $1 bills. (a) If people hold all money as currency, what is the quantity of money? (b) If people hold all money as demand deposits and bank
What are the predictions of balanced growth? When government can co-ordinate immediate investment in several industries one firm gives a market for another. It needs state pla
what is the ethics of command economics?
Explain the concept of scarcity, and the role it plays in decision making
what factors deter the sale of a product
Assume that there are two types of consumers (in equal numbers). They have the following two inverse demand functions (coming from zero-income effect demand functions): Type A : p
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