tcs aptitude questions 2012 for mba

Anti-corruption guidelines (“Toolkit”) for MBA curriculum change 2012 pdf

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Essential Texts for MBA Students 2012 pptx

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Vocabulary for MBA

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... MBA for figuring out what information you need to solve a problem by analyzing what information you do have in an effort to determine what information is missing. Often, it is this missing information ... to ask for a new fork because the one at your place is dirty, don't give a life history of the fork [don't explain where the dirt is or how it got there]. Just ask for a new fork." ... a U.S. citizen. "We like to hire foreign nationals and bring them to Austin for six months or a year." Michael Dell For more material and information, please visit Tai Lieu Du Hoc...

Conversation Questions - Topic for Music

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... Conversation Questions Music A Part of Conversation Questions for the ESL Classroom. ã About how many CDs do you have? How about MDs...

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Microeconomics for MBAs 46

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... strong incentive for managers to manage firms efficiently on behalf of their shareholders. 28 For a more detailed discussion of golden parachutes, see Jensen, “The Market for Corporate ... offered more for the corporation’s stock than the current price. The first bidder is not necessarily the one best able to improve the performance of the target corporation, and therefore the first ... most markets are imperfect. In the Manager’s Corner for this chapter, we tried to show how markets for goods can be affected by the market for capital. Indeed, the two markets are intrinsically...

Microeconomics for MBAs 47

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... re-controlled in 1984 for two more years. Starting January 1, 1985, all gas discovered after April 20, 1977 was deregulated, while gas discovered before this date was for the most part—not ... regulators do not work for regulated industries, they will not know the details of a company’s marginal cost or demand elasticity. The problem is particularly acute for regulators of monopolies, ... product. Arguments for the Regulation of Natural Monopolies From a purely theoretical perspective, then, the existence of a natural monopoly is insufficient justification for regulation. Unless...

Microeconomics for MBAs 48

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... explained as an indirect form of taxation—in the sense that taxation is the government’s means of extracting money to pay for what are viewed as public goods and services. For example, until 1978, ... exceeded their operations costs for long-haul flights. The extra revenues helped subsidize the below-cost pricing of short-haul flights and compensated airlines for their losses on unprofitable ... revenues from first-class postage have for years offset losses on magazines and bulk mail. Again, through regulation, one group of customers is taxed for the benefit of another. Seen this way,...

Microeconomics for MBAs 60

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... process for prices in general. As U.S. demand for foreign goods rises, the demand curve for francs shifts outward from D1 to D 2 , shifting the equilibrium from E1 to E 2 . As foreign ... prices of foreign and domestic goods change. If prices increase faster in the United States, for example, Americans will want to buy more foreign goods and fewer domestic goods. Foreigners, ... more foreign imports, both directly and in the form of domestic goods that incorporate foreign parts or materials. Either way, an increase in real incomes leads to an increase in the demand for...

Microeconomics for MBAs 49

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... customers can make work a form of “hell” for the workers. If forced to take excessive abuse, the workers would, no doubt, demand higher wages to compensate them for this abuse. At some point, ... market for final goods and services—calculators, automobiles, dry cleaning—there is a market for labor as a resource in the production process. In this competitive labor market, the forces ... service that developed a reputation for yielding to client pressure for higher ratings would cease to have the credibility that its clients are paying for. So, in the bond rating business,...

Microeconomics for MBAs 50

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... submarket D1. Differences in skill may also account for differences in wages. Most wages are paid not just for a worker’s effort but also for the use of what economists call human capital. ... a demand for the products and services they offer. The greater the demand for the products and the greater the demand for the labor needed to produce it and the greater the demand for a given ... are willing to pay a money wage of W2 for migrant labor. If they are forced to pay workers more by meeting higher housing standards, their demand curve for migrant labor will fall from D1...

Microeconomics for MBAs 1

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... in different bungalows. A priest, for example, found that he could exchange a pack of cigarettes for a pound of cheese in one bungalow, trade the cheese for a pack and a half of cigarettes ... the individual markets for corn, records, books, and so forth—that operate within the broad national economy. When economists measure, explain, and predict the demand for specific products such ... their holdings of cigarettes, prices fell. Radford saw a form of social order emerging in these spontaneous, voluntary, and completely undirected efforts. Even in this unlikely environment, the...

Microeconomics for MBAs 2

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... 2 papayas for a coconut; Harry would be better off if he could give up fewer than 4 papayas for a coconut. If, for example, they agree to trade at the exchange rate of 1 coconut for 3 papayas, ... enforcer, such as the police and courts, and (2) the specification of rights in a legally binding “social contract,” meaning that a third-party enforcer is established. Most of what we say for ... government enforcement for the protection and legitimacy of private property rights? Our answer must of necessity be somewhat speculative. We know that markets existed in the “Old West” when formally...

Microeconomics for MBAs 51

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... to employees. If farmers are forced to provide better housing for their laborers, they must reduce costs in other ways, including the substitution of machinery for labor. This is precisely ... cheaper for me to continue using migrant help for a few more years, but mechanization is the trend of the future. And no matter what kind of housing I provide I’m going to be criticized for mistreating ... workers. Competition for labor pushes wages up to a certain level, forcing some employers to withdraw from the market but permitting others to hire at the going wage rate.4 For the individual...

Microeconomics for MBAs 52

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... Monopsonistic Labor Markets 25 worker with $487.50 for the week, or a 2.5 percent reduction in pay for a 25 percent reduction in effort. The lesson of this discussion is not that piece-rate ... effort, but also with the promotional efforts of their firms and general economic conditions in the market, among a host of other factors. A firm’s ad campaigns can complement a worker’s efforts ... Monopsonistic Labor Markets 26 effort workers apply, then the standard can be raised. Workers should not object. They are still getting their value for their effort. They are not being made worse...

Microeconomics for MBAs 3

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... Indians hunted animals for their skins, the demand and therefore the price of animal skins increased. This provided an incentive for the Indians to hunt beyond their demand for meat. Under communal ... Tying Pay to Performance Of course, incentives have been found to be important for more mundane, everyday business reasons. Tying compensation to some objective measure of firm performance can ... sensitivity of management pay to company performance, the better the performance.22 Another study found that firms don’t have to wait around for the incentives to have an impact on the firms’...

Microeconomics for MBAs 4

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... common for people to think that the only way for one group of “stakeholders” in a firm to gain is for some other group to lose. The search is all too frequently for ways to cut costs for one ... microeconomics book designed for MBA students could include theories more complex than those in this book. What might be the tradeoffs in dealing with more complex theories? 5. Most MBA students study ... which mankind cannot too long persist without peril. For, as a wise man, G.K. Chesterton, observed, “We are perishing for want or wonder, not for want of wonders.” I, Pencil, simple though I appear...

Microeconomics for MBAs 5

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... price. For example, they want Q3 instead of Q2 tomatoes at price P2. Consumers are also willing to pay a higher price now for any quantity. For example, they will pay P3 instead of P2 for ... stimulates the exchange of information, forcing competitors to reveal their plans to prospective buyers or sellers. The exchange of information can be seen clearly at auctions. Before the bidding begins, ... caused by: Chapter 2 Competitive Product Markets 2the forces that will cause prices to change in the future and, therefore, the forces that affect their businesses’ bottom lines. There’s...