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Essential Economic Terms and GDP Formulas

Classified in Economy

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Essential Economic Terms and Definitions

  • GDP: GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
  • Industrial Revolution: The transition to new manufacturing processes in Europe and the US, in the period from about 1760 to sometime between 1820 and 1840.
  • Labor Force: The number of people who are employed plus the unemployed who are looking for work.
  • Labor Force Participation Rate: The labor force participation rate refers to the number of people available for work as a percentage of the total population.
  • Cyclical Unemployment: Cyclical unemployment is a factor of overall unemployment that relates to the regular ups and downs, or cyclical trends in growth and production, that
... Continue reading "Essential Economic Terms and GDP Formulas" »

Key Figures and Principles in Quality Management

Classified in Other subjects

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Juran's Contributions to Quality

1. Who Defined Quality as an Adequacy for Use?

R= Juran

2. According to Juran's Definition of Quality, Who Determines Product Quality?

R= The customer

3. What Was Juran's Constant Focus?

R= The pursuit of optimal quality

4. What Are the Five Quality Characteristics According to Juran?

R=

  • Technology
  • Psychology
  • Time-oriented
  • Contractual
  • Ethical

5. What Are the Six Steps to Troubleshooting?

R=

  1. Identify the project
  2. Establish the project
  3. Diagnose the cause
  4. Remedy the cause
  5. Hold the gains
  6. Replicate results and nominate future projects

Deming's Philosophy

6. Who Revised His Philosophy on Quality Management?

R= Deming

7. Who Is Remembered for His Fourteen Points?

R= Deming

8. What Are the First Two Deadly Diseases of Western Management According

... Continue reading "Key Figures and Principles in Quality Management" »

Brand and Advertising Strategies: Key Concepts

Classified in Economy

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Brand Awareness and Advertising Strategies

Brand Awareness: How present is your brand in the market? Is it recognized by the public?

Brand Image: What image do you project to your customers?

Brand Loyalty: Dedication to purchasing the same product or service repeatedly, now and in the future, from the same brand, regardless of a competitor's actions or changes in the environment.

Brand Stretching: When a company tries to launch products outside its core group. Example: Zara / Zara Home.

Announcement vs. Advertisement: An announcement is an act of announcing or giving notice, while an advertisement is a commercial solicitation designed to sell a commodity, service, or similar (marketing).

What Makes a Good Advertisement?

A good advertisement is:

  • Clever
  • Powerful
  • Catchy
  • Inspiring
  • Uses
... Continue reading "Brand and Advertising Strategies: Key Concepts" »

United Nations Structure, Functions, and Membership

Classified in Law & Jurisprudence

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The United Nations: Founding and Structure

The United Nations (UN) was founded in 1945 in San Francisco. Initially, 50 countries signed the Charter, with Poland becoming the 51st original member state shortly thereafter. Today, the UN comprises 193 member states.

Core Purposes of the UN

  • Maintain international peace and security.
  • Develop friendly relations among nations.
  • Cooperate in solving international problems and in promoting respect for human rights.
  • Harmonizing the actions of nations.

The UN Charter

The UN Charter is structured into 111 articles and 19 chapters.

Membership Criteria

Membership is open to peace-loving States that accept the obligations contained in the UN Charter. New members are admitted by the General Assembly upon recommendation... Continue reading "United Nations Structure, Functions, and Membership" »

Council of Europe: History, Structure, and Human Rights

Classified in History

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Council of Europe: A Champion of Democracy and Human Rights

The Council of Europe is a regional, multilateral organization established in 1949 by the Treaty of London. It is headquartered in Strasbourg, France, and has 47 member countries. It is important to note that the Council of Europe is not an integration process.

Objectives

The Council of Europe's primary objectives are to promote freedom and create a democratic and legal area based on the principles outlined in the European Convention on Human Rights.

The Convention, established in 1950, is the Council's main achievement. Any country wishing to become a member must ratify it, organize free elections, abolish the death penalty, and guarantee the rule of law. It is the first instrument to... Continue reading "Council of Europe: History, Structure, and Human Rights" »

NATO History, Structure and Collective Defense Explained

Classified in Social sciences

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NATO: Origins and Evolution

Established in 1949 via the Washington Treaty, the North Atlantic Treaty Organization (NATO) is a military alliance comprising 29 member states from Europe and North America. During its first period (1949–1989), the alliance primarily countered the Warsaw Pact, which was formed by the Soviet Union in 1955. Notably, in 1966, Charles de Gaulle withdrew France from NATO's integrated military command.

Post-Cold War Expansion

Following the fall of the Berlin Wall in 1989, NATO underwent significant expansion. While the alliance began with 12 founding countries, 17 additional nations have joined through subsequent enlargements:

  • 1982: Spain
  • 1999: Hungary, Poland, Czech Republic
  • 2004: Bulgaria, Slovakia, Slovenia, Estonia, Lithuania,
... Continue reading "NATO History, Structure and Collective Defense Explained" »

Understanding Emotions and Hormones in Relationships

Classified in Biology

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Embarrassment:

When something is sudden and unexpected, onlookers are amused. It is a social mistake and makes the person the center of attention. Feeling empathetic for someone else's embarrassment is a display of care. People are often forgiven for their mistakes because they blush, which makes them feel smaller. Embarrassment peaks during teenage years (pregenual ant. cingulate cortex).

Shame:

Shame occurs when a person has failed to live up to expectations or has done something morally wrong. Onlookers are angry, and it often involves poor performance or hurting someone's feelings by failing to meet their expectations.

Guilt:

Guilt is the result of failing to perform one's duty, such as lying, cheating, or stealing (Medial prefrontal, visual... Continue reading "Understanding Emotions and Hormones in Relationships" »

Lease vs Licence: Rights, Statutory Protection and Case Law

Classified in Law & Jurisprudence

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Leases and licences: proprietary and personal rights

Leases give an individual a proprietary right in land which is binding on any third parties, while a licence gives a personal right that can be revoked at any time, as stated in Thomas v Sorrell. Licences are also not binding on third parties.

Furthermore, if one obtains a lease, they will have statutory protection under the Rent Act 1977 and the Housing Act 1996, which do not allow the leaseholder to be evicted simply and which provide rent control. As opposed to this, a licence does not provide any statutory protection to the occupier.

Court difficulties in distinguishing leases and licences

As such, most occupiers of properties would like to establish a lease instead of a licence, as a lease... Continue reading "Lease vs Licence: Rights, Statutory Protection and Case Law" »

Safety Guidelines for Working on a Ship

Classified in Physical Education

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Down and Trimmed by the Stern

Vessel loaded with cargo and the draught aft is larger than forward.


Deck Line

Line at the highest point of the upper freeboard deck. Recorded on the outside of the hull by a short line welded on the shell plating above the Plimsoll mark.


General Considerations

  • Good physical conditions and staying healthy.
  • Misusing of alcohol or drugs.
  • Do not drink alcohol while undergoing medical treatment.
  • Personal cleanliness is essential.
  • Use a protective cream on your skin.
  • Clean all cuts and abrasions to prevent infections.

Working Clothing

  • Working clothes should be comfortable but sufficiently close-fitting.
  • Gaping pockets, sweat rags, watch straps, and rings are easily caught in moving machinery.
  • Wear industrial footwear with slip-resistant
... Continue reading "Safety Guidelines for Working on a Ship" »

Ship Tonnage and Measurement Definitions

Classified in Physics

Written on in English with a size of 3.42 KB

Displacement Tonnage

Displacement tonnage is the total weight of the volume of water a ship displaces when it is sitting in the water.


Standard Displacement Tonnage

Standard displacement tonnage is basically the same thing as displacement tonnage, but you must subtract the weight of any fuel and potable water carried on board the ship.


Deadweight Tonnage

Deadweight tonnage is the weight of all the cargo, fuel, dry provisions, supplies, etc. carried on board the ship.

Lightweight Tonnage

Lightweight tonnage is described as the weight of the ship when it was built in the shipyard, including all framing, machinery, decking, etc.

Gross Registered Tonnage

Gross registered tonnage is a measurement of the volume of all enclosed spaces on a ship, with 100

... Continue reading "Ship Tonnage and Measurement Definitions" »