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Performing an internal environmental analysis helps a company identify the strengths to build on and the weaknesses to overcome when formulating strategies. Included in this strategy is an assessment of the functional areas of the business. To effectively and efficiently manage strategy, a company must plan, execute and coordinate the functions of accounting, finance, human resource management, management, research and development, production and operations, and marketing.
Demonstrate a thorough understanding of how each functional area works and how the functions are interdependent.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
What are the advantages and disadvantages of a currency union? Describe the theory of optimum currency areas?
How will this change in the level of price affect the demand for money and the equilibrium interest rate.
A key difference between accountants and economists is their different treatment of the cost of capital. Does this cause an accountants estimate of total costs to be higher or lower than an economists estimate? Explain. Kelly is a clerk and she earns..
Below is the PPF for a society, Rubberland. On a given day, the society can produce according to the PPF below and only makes these two products, rubber band balls and rubber hoses. Point A on the PPF represents what Rubberland currently produces. As..
If an industrial process emits a pollutant, is it more efficient to monitor the amount of pollutant emitted by each firm and establish a tax per unit of pollutant, or to
Calculate the price and quantity associated with the perfectly competitive outcome.
An MRI machine in a MD's office is MARCS 5-year property. It costs $258,679 and has an expectes useful life of 6 years, at which point, the salvage value is expected to be $2,753. Assuming MACRS depreciation, what is the book value at the end of 6 ye..
You produce goods in a competitive market. You discover that the marginal cost of the last good you produced is the same as the market price for the good. You should:
Think of a strategy pursued by the company your work for, another company, or even a sports team. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are mo..
What are the values of the slopes of the budget lines shown in the diagram, and what does the slope of a budget line tell us?
A mining company is interested in obtaining the demand curve for coal. The firm's research department informs you the price elasticity of demand is -0.68, and the current price and quantity are $41 and 1,206 respectively. Price is measured in dollars..
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