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or that the corporate sector needs to invest in order to grow its earnings in real terms, or that the market’s average earnings yield is a proxy for its average cost of equity. To
Resource-allocator: These managers must allocate and oversee various resources, from funding to equipment needs. Negotiator: The negotiator is responsible for participating in and directing negotiations within the organization, such as leading salary negotiations with employees. Tip It’s difficult to find...
Orchestrators are in a position of power as the rule maker, gatekeeper, allocator of profits, and judge and jury of the ecosystem, but they also must shoulder the high upfront investment and the risk entailed in launching it. Contributors are exposed to risks, too. There are the uncertainties...
Every day, state common law courts define the duty of care in negligence law. There is no formula for how courts should determine duty. Yet when judges are charged with important decisions about whether to open or shut the courthouse doors to whole categories of claimants, judges need some ...
Gold is money. Everything else is credit. In other words, although their terms often overlap, currency and money can be thought of as two different things for the purpose of discussion. We can define currency as a liability of an institution, typically either a commercial bank or a central...
but a contrived or quasi-market. The participants are the Federal government as the ultimate purchaser of services, agencies which sell services, Centrelink as allocator of services, and Job seekers who are the service users. Within the privatised regime there is thus an inherent tension between ...
Scarcity is common in the business world as businesses make multiple products, but have limited labor and capital to produce it. For example, a car...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a ques...
Yesterday's post was a classic example of Joel Spolsky's Law of Leaky Abstractions. Why? Well, because it was an example of conflicting contracts. In COM, the contract for an API is defined by the APIs interface. In this case, it was: [ object, uuid("0A0DDEDC-C422-4BB3-9869...
2. got an inheritance, spent it all. Figured there had to be a better way to manage our money. Twelve years later we are inching closer to FI and money is not something we think about (apart from occasional daydreaming over spreadsheets). Life is good when you’re in control (of your...