Notes, abstracts, papers, exams and problems of Mathematics

) What is the difference between PEST, PESTEL, STEEPLE, and SLEPT Analysis?

16.) What are a corporation's dynamic capabilities and why is it important to be aware of them as part of the strategic management process?

17.) Different internationalization strategies are normally compared based on two main dimensions. What are these two dimensions and why were they originally chosen by companies to compare their internationalization strategies?

18.) How can a company create competitive advantage in its most basic form?

19.) What are sources of competitive advantage?

20.) What is the next step after you have conducted a PEST Analysis? How do you use such an Analysis?

21.) In class we discussed four basic levels of internationalization. Name and compare... Continue reading "International Business and Global Competitiveness: Key Concepts and Strategies" »

PASIVE 

Cost of the Building: Land+Construction

When was the building bought? YTD amort.construction 2020 / construction P&L --> it has been amortized x years until 2020

At which price did the company sell the building? ((Land + Construction) - YTD amort.constr) + Profit from selling

useful life of the building? construction / construction P&L

Occupancy: 33%. VERY LOW !! ===> 70 rooms x 600 ADR x occupancy x 365 days = 5.059.000 €

F&B Menu: 7 € ==> VERY LOW & doesn't match with an 600 ADR !! [(80% of 100 people for lunch) + (80% of 100 people per Dinner) ] * Menu Price * 365 days = 409.000 €
F&B Breackfast: 18€/person. Reasonable with 600 ADR 80% of 1,5 clients x 33% occupancy * 70 rooms * 365 days * Breackfast Price... Continue reading "Hotel Financial Analysis and Recommendations" »

Total Cost = w₁x₁ + w₂x₂ + … + w_nx_n

Isocost function:

x₂ = -w₁x₁/w₂ + tc/w₂ where the slope is: -w₁/w₂ ratio of relative factor prices with negative sign

Cost minimization mate: -w₁/w₂ = -MP₁/MP₂ (isoquant curve)

Cost minimization implies producing a certain amount of output (y > 0) with the lowest possible cost. As with the maximization of profits, the firm is getting the most out of the resources it is using.

What is the difference between cost minimization and profit maximization? Cost minimization is a necessary condition for the maximization of profits, but not the other way around. For example, if you bring costs down to zero then output and profits will be zero too, failing to maximize profits while minimizing costs. As before, when... Continue reading "Cost Minimization and Profit Maximization in Economics" »

Pocket money isn’t a controversial topic nowadays.

If there have been a lot of debates over pocket money.

Pocket money used to be a controversial topic.

T

Pocket money has always been a controversial topic.

T

The debate regarding pocket money nowadays is about how much money should be given.

If today’s debate rages about something entirely different.

The debate regarding pocket money nowadays isn’t about how much money should be given.

T

The debate regarding pocket money nowadays is about at what age money should be given.

If

Twelve-year-old will be able to use the new debit card.

A new debit card has just been launched for teenagers as young as 13.

Thirteen-year-olds won’t be able to use the credit card.

Teenagers over 13 will be able to use the... Continue reading "The Future of Pocket Money: Debit Cards and Financial Management" »

KEYS

1. You must be wondering why I haven’t phoned you.

2. The heavy rain prevented us from having the picnic we had planned.

3. Recently, there has been a rise in the number of people who study a degree.

4. It was a matter of minutes before the police came.

5. Can anyone come up with a solution to this problem?

6. Are you accusing me of not telling the truth about what happened?

7. I haven’t got round to phoning you, but I’ll do it soon.

8. Economists say that there is no doubt that the situation will get better.

9. It was my mother who/that got me interested in reading.

10. What is that’s causing you such a lot of confusion?

11. She made a very quick decision without giving enough thought to the matter.

12. It was a while until/ till/ before... Continue reading "Common English Phrases and Expressions for Language Learners" »

Introduce Research

• Study design/methods
• Appraisal
• Interpretation
• Application/utilization

Understand

• Evidence Informed Decision Making Model
• Sources of Evidence
• Types of research that inform practice (quantitative, qualitative, mixed methods)
• Why research studies should be critically appraised

1.2 Research, EBP & EIDM

• There are different ways of knowing; Empirical, Personal, Aesthetics, Ethical

1. Empirical (focus of class)

• Theories, models, facts
• Validation, confirmation
• Scientific competence

2. Personal knowledge

• Person stories, self
• Reflection, response
• Therapeutic use of self

3. Aesthetics knowledge

• Experience of nursing, health, illness
• Appreciation, grasp meaning
• Transformative act/acts

4. Ethical Knowledge

• Principles, codes
• Justification, dialogue

Evidence-Based Practice... Continue reading "HTHSCI 3CO4 Cheat Sheet" »

) Hypotheses, Type I and Type II Errors, and Statistical Tests

For each of the following tests, state the hypotheses, identify if it is a right-, left-, or two-tailed test and write Type I Error and Type II Error pertaining to the problem.

1. a) A professor of statistics states that the average student spends 3 hours studying for the midterm exam. Ho: μ = 3 vs. Ha: μ ≠ 3 Two-tailed test Type I Error: Concluding the average student doesn’t study 3 hours for midterm when in fact that is false. Type II Error: Not concluding the average student doesn’t study 3 hours for midterm when in fact that is true.
2. b) A spouse stated that the average amount of money spent on Christmas gifts for immediate family members is above $1,200. Ho: μ = 1200 (or