Notes, summaries, assignments, exams, and problems for Competitive examination

Laura Pérez Vivas

Rieral Avenue n*48 2*1

17310 Lloret de Mar

Spain

03/04/2019

University of California

Berkeley, California 1384

UUEE

Dear Sir or Madam,

I am writing this letter to express my keen interest in attending the University of California, Berkeley. I believe it is the university of my dreams, and I would like to introduce myself and share my academic aspirations.

Firstly, I am a dedicated student who consistently strives for excellence. While I understand that your average admission marks are very high, I am committed to putting in the effort to achieve top scores in all subjects. I am determined to succeed, even if it requires extra study time. My goal is to pursue a degree in social work to help children without parents and provide them... Continue reading "Laura Pérez Vivas - Application for Social Work Program at UC Berkeley" »

Innovation

Innovation is the process and outcome of creating something new and valuable. Schumpeter argued that innovation arises from new combinations made by an entrepreneur, resulting in:

• A new product
• A new process
• Opening a new market
• A new way of organizing the business
• New sources of supply

Characteristics of Innovation

• Object or Target of Change: Innovation involves changing an object or target, which can be a product, process, individual's lifestyle, organization's strategy, or a society's culture.
• Magnitude of Deviation: Innovations vary in extent or magnitude, representing the degree to which they deviate from the past.
• Problem-Solving Focus: Innovation is closely related to problem-solving, as generating and implementing ideas for change

Marxist Theory

Human beings are trying to cover basic need, biological necessities. Men are compelled to produce those things. Life from a Marxist point of view is the process where human beings first make products to satisfy their needs, and secondly make themselves making products. Marx defines us as workers. We express ourselves in labor, working. When the product of workers' labor belongs to other people, the workers' humanity is stolen or abducted. In private property, his product is separated from workers, he looks himself alienated. In human history, human life has had:

1. Material needs and scarcity poverty
2. Alienation

He is following Feuerbach to establish his idea of original religion, is the fact that human beings live with basic necessities,... Continue reading "Marxist Theory and Post-Marxist Perspectives on Society" »

Value Chain

Primary Activities

These activities relate directly to the physical creation, sale, maintenance, and support of a product or service.

• Inbound Logistics: All processes related to receiving, storing, and distributing inputs internally.
• Operations: Transformation activities that change inputs into outputs sold to customers. This is where operational systems create value.
• Outbound Logistics: Activities that deliver your product or service to your customer, including collection, storage, and distribution systems. These can be internal or external to your organization.
• Marketing and Sales: Processes used to persuade clients to purchase from you instead of competitors. The benefits you offer and how well you communicate them are sources of value.

Modals

Present

• Advice: OUGHT TO EAT/ SHOULD VISIT/ SHOULDN’T EAT/ MUST WATCH
• Obligation: MUST STUDY/ HAS TO HELP
• Absence of obligation/necessity: DON’T HAVE TO GO/ NEEDN’T WEAR
• Prohibition: CAN’T SMOKE / MUSTN’T TAKE

Past

• Regret, criticism, or past advice: SHOULD HAVE ASKED /SHOULDN’T HAVE LEFT/ OUGHT TO HAVE TOLD
• Past obligation: HAD TO SAVE
• No past necessity: NEEDN’T HAVE RUSHED
• Absence of past obligation: DIDN’T HAVE TO GIVE/ DIDN’T NEED TO GO

Present Deduction

• Possibility or speculation: COULD RAIN/ MAY BE/ MIGHT NOT BE
• Affirmative deduction: MUST BE
• Negative deduction: CAN’T BE

Past Deduction

• Past possibility: MAY HAVE LEFT/ MIGHT HAVE GIVEN
• Past possibility that didn’t happen: COULD HAVE MADE
• Logical conclusion about a past action:

X11A

a) pretty much; b) junk; c) consumed; d) copious

3. a) Michael Phelps said that he could eat pretty much whatever he wanted.

b) Phelps could improve his diet if he included some fruit or salad.

c) Contrary to the copious breakfast which Phelps eats…

d) He may have met Michael Phelps there.

X11B

a) anticipate; b) exhibit; c) symptoms; d) commands

3. a) The writer advises us not to leave tempting shoes, clothing, or children’s toys within reach of our dog.

b) Perhaps his appetite won’t be good.

c) If you allow him to do something one time, don’t forbid it another.

d) Our pet must be taught manners.

S11A

. a) volunteer; b) aspiring ; c) keen on d) expand

3. a) The writer asks if responsible learners volunteer to clean the blackboard and if they... Continue reading "Vocabulary Building: Exercises and Explanations" »

1.2 Organization of the Single Supervisory Mechanism (SSM)

The SSM comprises the ECB and the National Competent Authorities of the participating Member States. The ECB is responsible for the effectiveness and consistency of its operations.

For the organization of the supervisory function, credit institutions have been classified as "significant" and "less significant". The criteria for this classification are based on the size of each institution, its economic importance, the volume of its operations, and whether it receives financial assistance. In Spain, many institutions are integrated into 12 groups classified as significant. Smaller-sized banks, saving banks, and rural saving banks have been classified as less significant.

The ECB supervises... Continue reading "Organization of the SSM and Banco de España" »

Vocabulary

1.

• 1. Trash
• 2. Voyage
• 3. Avoid
• 4. Landfills
• 5. Shortcut
• 6. Amount
• 7. Harmful
• 8. Halfway
• 9. A drop in the ocean

2.

1. E
2. F
3. D
4. C
5. A
6. B

3.

1. Carbon footprint
2. Renewable energy
3. Litter
4. Fuel

Grammar

4.

1. Could do / Could have done
2. Shouldn’t wear
3. May / Can / Could … have
4. Can’t believe
5. May / Might not have seen
6. Needn’t / Don’t have to pay

5.

1. Susan shouldn’t / needn’t have brought so many bottles. / Susan didn’t have to bring so many bottles.
2. Otherwise, I would have mentioned it.
3. That’s why I didn’t have to get up so early.
4. Could / Can we give you a lift?

6.

1. We had better leave immediately.
2. He shouldn’t wear pale colors.
3. You had better not say a word to anyone!

Vocabulary

1.

1. Went bald
2. Picked up
3. Ingest
4. Inhabit
5. Used up
6. Emits
7. Fool

2.

1. Caught the waiter’s eye
2. Pick up so many languages
3. Cut

International Market Selection: A Systematic Approach

Expansive Approach

Firms gradually move into international markets, starting with markets similar to their domestic market. This approach reduces perceived risk and information requirements.

• Lower cultural distance: increased confidence
• Lower costs associated with unfamiliar markets

Screening Approach

Involves systematically filtering the global market using criteria to identify the most suitable market for the firm.

Aim: Identify the market with the greatest marketing opportunity.

Stages of Screening Approach

Stage 1: Initial Screening

Objective: Identify national markets for further analysis.

Stage 2: Analysis of Potential Sales for an Industry in Country

Consider:

• Forecast of future sales
• Minimum scale
• Transport