In chapter 1 we identifi ed the three key areas of concern to the financial manager. The first of these involved the question: What fixed assets should we buy? We called this the capital budgeting decision. In this chapter, we begin to deal with the issues that arise in answering this question.
Contents: Two Central Issues: Quality and Safety; Consumer Product Safety Commission; Food and Drug Administration; Business’s Response to Consumer Stakeholders; Customer Service Programs; Total Quality Management Programs; Six Sigma Strategy and Process.
In this chapter, we addressed the issue of fearing monopoly power in the business world from a systematic, analytical perspective. One of the most important conclusions from this analysis is that bigness, by itself, is not a good predictor of the types of behavior one might expect from monopolies.
Chapter 6 - Inventory issues. The main contents of this chapter include all of the following: Issues in counting inventory, ownership of inventory rules, inventory errors, 4 cost flow assumptions, special rule for inventory costing,...
Linux Memory Issues includes Some Architecture History, Backward Compatibility, Linux must accommodate legacy, Other CPU Architectures, Zones divided into Pages, How 80x86 Addresses RAM, Logical to Linear.
Kernel timing issues: An introduction to the use of kernel timers and work queues includes Kernel timing issues, Kernel timers, jiffies, jiffies overflow, Kernel timer syntax, A kernel-timer caution, Programming syntax.
After studying this chapter you will be able to: Describe what interest rates are and differentiate nominal from real interest rates, describe the use of present value calculations in determining the value of a payment stream, apply the tool of present value when thinking about economic decisions where the costs and benefits of the decisions happen at different times.
After completing this unit, you should be able to: Apply the principles of present value to natural resource development, apply marginal analysis to answer the question of how clean is clean enough, apply the concept of externalities to explain why pollution warrants government interventions in the market, demonstrate why pollution is much more likely to occur on publicly owned property than on private property,...
Lecture Issues in economics today - Chapter 20: Health care. The main contents of this chapter include all of the following: Where the money goes and where it comes from, insurance in the U.S., economic models of health care, comparing the U.S. with the rest of the world.
After studying this chapter you will be able to understand: Understand why a college education is so expensive and why those costs have been rising faster than inflation; explain the role of textbooks in those rising costs; apply the principle of present value so as to see why borrowing money to pay for a college education is a wise, if potentially risky investment in future income potential; understand that the United States has a greater percentage of citizens with a college degree than other developed countries, though that advantage is rapidly evaporating.
Lecture Issues in economics today - Chapter 34: Rent control. This chapter presents the following content: rents in a free market, reasons for controlling rents, consequences of controlling rents, why does rent control survive.
After studying this chapter you will be able to: Explain the rudiments of how taxes work, describe the concepts of horizontal and vertical equity and how they apply to the issue of taxation, summarize the trade-off that exists between simplicity and horizontal equity when people are making tax policy, describe how taxes can alter the incentives of people to work and save, list examples of where taxes are used to motivate socially desirable outcomes.
Lecture Issues in economics today - Chapter 38: Antitrust. The main contents of this chapter include all of the following: What’s wrong with monopoly, natural monopoly and necessary monopoly, monopolies and the law, examples of antitrust action.
In this chapter students will be able to: Apply economic principles to issues of sports; conclude that despite the obvious attempts of cities to acquire sports franchises through league expansion and by other means, no economic evidence suggests that having a franchise enhances a city’s economic stature; analyze how owners decide when negotiating with players, whether they wish to make more money or win championships, since it is clear that teams in small markets cannot do both;...
In this chapter, you will learn: Describe how stock prices are determined and what stock markets do, apply the concept of present value to the fundamental elements of stock prices and describe how prices can get out of line with their fundamental value, explain that bankruptcy is an important feature in corporate business but that many of the bankruptcies of 2001 and 2002 involved a level of deception on the part of their accountants that was potentially quite damaging.
When you take the analytical writing section of the GRE General Test, you will be presented with two
Issue topics from this pool. Because the wording of some topics in the test might vary slightly from
what is presented here, you should read your test topics carefully and respond to the wording as it
appears in the actual test.