Supply and Demand Simulation Timothy J. Vrabel Axia College University of Phoenix In the video‚ several principles and concepts of microeconomics and macroeconomics were simulated. In the simulated neighborhood of Atlantis‚ there are many amenities that customers demand. The simulation uses two bedroom apartments to teach the fundamentals of supply and demand. Several scenarios were used throughout the simulation to represent challenges with which management needed to contend. The scenarios
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RFSim99 is a free linear S-parameter based circuit simulator offering schematic capture‚ simulation‚ 1 port and 2 port S-parameter display and file support‚ tolerance analysis‚ stability circles‚ and much more.It can cost large sums of money to get a workstation seat at some of the high end simulation and analysis software suites. But the underlying mathematics that these programs use is not secret‚ it is in the public domain and there are low cost or shareware packages that will do the same computations
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In this simulation‚ our team did an audit process by selecting a base to calculate Planned Materiality. We allocated the Materiality to the relevant accounts and set a Tolerable Misstatement for each account. Then‚ we assessed Audit Risk‚ Inherent Risk‚ and Control risk to derive Detection Risk. As a result of these decisions‚ we derived Sample Size and Sampling Interval‚ and set an Expected Misstatement. We learned that certain accounts have to be audit 100 percent. Some of these accounts are
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OPPORTUNITY ACT OF 1964. The law created the Office of Economic Opportunity aimed at attacking the roots of American poverty” (ushistory.org‚ n.d.). The poverty simulation gave me a different perspective on the obstacles that faced lower income families in our society‚ as you will come to learn in the following paragraphs. In the poverty simulation‚ I was the father: Kris‚ age 36‚ employed full time at the General Employer. I worked 40 hours per week‚ which included some weekend and holiday work. Other
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Simulation Questions . 1. Define the overall problem(s)/issue(s) your specific role was seeking to negotiate in the simulation. Make sure to integrate concepts of international law when explaining your points. The role I was playing in this simulation was Wai Cheng who is a Chinese diplomat. At the time of the simulation‚ China and Cambodia were close allies as both regimes were communist. Cheng is well acquainted with most of the Khmer Rouge‚ however‚ does not defend Pol Pot and his actions during
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Simulation Jeneal Clegg 04/02/2013 Jonathan Neville SCI 362 In this simulation we were to review the pros and cons of allowing a foreign pharmaceutical company‚ Colney & Pitts located in California‚ to be able to harvest the rainforests tree’s bark‚ and build a manufacturing plant in the Kenyan highlands‚ to help in finding medication or herbal remedies for patients‚ by using the harvested bark to create synthetic medication. This particular simulation was going to affect the rainforest
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presentation. This is Jordan‚ Landon‚ and yen. As you know well‚ the Biz café simulation is to experience the importance business fundamentals by running a coffee shop‚ so we can encounter all the basic elements such as financial statements‚ operations‚ management‚ and marketing to run a business. Even though we did not have enough knowledge of them we have enjoyed this practical learning experience because during the simulation‚ we could find that we have improved our knowledge of vital business
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Calculation of Pi Using the Monte Carlo Method by Eve Andersson Home : Pi : One Calculation ________________________________________ The "Monte Carlo Method" is a method of solving problems using statistics. Given the probability‚ P‚ that an event will occur in certain conditions‚ a computer can be used to generate those conditions repeatedly. The number of times the event occurs divided by the number of times the conditions are generated should be approximately equal to P.
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There was a dilemma regarding sustainable economic development in my company‚ Spectrum Sunglass Company. Due to the request of “green” from Bigmart‚ which was the largest retail customer‚ my company should have decided whether its strategy plan needed to be adjusted. I was the Director of Product Innovation within the R&D unit‚ in addition to being a resolute advocate for reducing the company’s dependence on petrochemical raw materials. However‚ much resistance took place. I had 96 weeks to persuade
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Ground Level Upon entry the door was locked and a key card was required for this single point of entry. There were security cameras outside of the building. There was a dumpster outside that was not secured‚ which could allow anyone access to sensitive information. Locking the dumpster or placing it in a secured location would mitigate this risk. The receptionist did not ask me to verify my identity. The receptionist should be required to verify the identity of everyone entering building to
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