Part A 1.1 Opportunity cost is making a choice over another that is what you did not choose. Example Arthur deciding to give up his job to care for Anna, who could leads to a huge financial lost on the household income. The opportunity cost for Arthur is to care for Anna, because he decided to keep his job. 1.2,( a) The opportunity cost per week for Arthur is 15 hours times £25 equals £375 (b) The opportunity cost for Sheila is 25 hours times £20 equals £500. 1.3, Arthur and Sheila earns far more than £95 a week and working less than 30 hours each , if they were to care for Anna so they cannot claimed carer allowance.
Opposed to a car, monthly cost of gas is about $200.00 per month, filling up an average of four times a month. In addition, car insurance would deduct another $150.00 from your monthly salary. Public transportation saves money and reduces pollution. Groceries would cost about $50.00 a month, not including eating out. Next is the average electricity bill of a single person is about $75.00.
We want to enjoy being young. G.E Miller of 20 something finance states, “At least 134 countries have laws setting the maximum length of the work week; the U.S. does not”. It seems that’s business in the United States are trying to milk their workers for every last penny. It doesn’t seem too beneficial to work and live in the United States at this point. Not only do Americans work more hours but also they get the least amount of vacation.
The average CPM will drop by 10% when compared to the current 2006 CPM ($2.00) Not targeting a specific market group could mean a loss in market opportunities due to specific aggressive competition from the other networks. **Considering 2007’s Base as a non-changing situation on TFC’s current strategy. Scenario 2 Target Group: Fashionistas Expected Ratings: 0.8 Potential CPM: $3.50 Average Viewers: 880,000 Additional expenses: $ 15 M PROS The profit margin will increase to 37% compared to the Base in year 2007** (19%) if this scenario is implemented. Advertisement may become more efficient; therefore CPM could increase to $3.50. (From $2.00) The targeted segment specifically represents better CPM rates than other groups, compensating for the generalized audience loss.
By the end of 2006, this option will reduce the selling and admin expense from $160m to $148m. (See exhibit 3). These savings may be used to pay suppliers. In worst case, employees might decide to leave the company, rather than taking a reduction in wages. Not only it would cost the company to recruit and train new workers, but productivity will decrease as well.
Imports are greater than exports, and so the net effect of trade is a deficit and its net export it –3% The government spending is 19% because state and local governments can't spend more during a recession. They are usually mandated to balance their budgets, and so must cut spending when tax revenues
Even though Wal-Mart saves families money, some families still go without or live very lean. How can one be expected to pay high premiums and then their share of a the doctor bills when making minimal wages? In an article by John Miller he states that, “Wal-Mart according to its own reports, pays an average of $9.68 an hour. That is 12.4% below the national average wage for retail workers, even after adjusting for geography”(12). Wal-Mart also does not allow overtime and has on occasion asked employees to work “off the clock” the employees comply as they don’t want to be fired, even though what is being done is not right.
Social Security is a safety net protecting American workers and his or her families for retirement, disability, and early death. Approximately 40% of all Americans age 65 or older are estimated to be kept out of poverty by Social Security. When a person is eligible to receive Social Security benefits that he or she is entitled to they have then reached the retirement age of Social Security. Most people think the retirement age is 65, which is not always the case. Depending on the year one was born the retirement age gradually increased when amendments were made to the Social Security Act in 1983.
Success with an MBA for Chivon The purpose of this paper is to argue my decision of pursuing an MBA. I will support this argument by discussing the results of my “Jungian 16-Type Personalty Self Assessment.” I believe having a master's degree with help me achieve my career goal of becoming a Strategic Consultant. Furthermore having an MBA will bring more opportunities, extend my experience in business administration, and help improve my management skills. According to the “Jungian 16-Type Personality Self Assessment” my personality type is ENTP. ENTP means I am extroverted, intuitive, thinking, and perceiving.
When you write a plan you will note the difference in realizing the startup success. In addition it will support the process of turning an entrepreneur’s vision into tangible actions by promoting the organization and direction of startup activities. Business plane The first and important step for entrepreneur or new business owner is to write a business plan Becherer and Helms, (2009). The academic literature support the importance and value of business plan and how will it affect the entrepreneurs in their life stander. Hormozi, Sutton, McMinn, and Lucio (2002) mentioned the importance of business plane and mentioned that regardless how big or small the project or business that you own you should use a plan to improve internal operations, market and describe to outside investors.