The concept of human capital and knowledge management is that people possess skills‚ experience and knowledge‚ and therefore have economic value to organizations. These skills‚ knowledge and experience represent capital because they enhance productivity (Snell and Dean‚ 1992). Human capital theory postulates that some labor is more productive than other labor simply because more resources have been invested into the training of that labor‚ in the same manner that a machine that has had more resources
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All What is Cultural Assimilation? Cultural assimilation is defined as interpenetration and fusion of ethnic minorities into the dominant culture. In other cases‚ cultural assimilation perhaps that immigrants and members of ethnic group are expected to come to resemble the majority groups in terms of norms‚ values‚ and behaviors. Cultural assimilation is where majority group does not tolerated different ethnic or racial identities In general; cultural assimilation adopts the cultural norms and values
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The Debate on Capital Punishment The Debate on Capital Punishment INTRODUCTION: Capital Punishment has been used for centuries‚ however‚ that does not mean that this form of punishment is universally accepted. Capital punishment has a long history of debate at least as long as the punishment itself. This debate is not resolved. To this day‚ it is a hot topic for most‚ even though 65 percent of adult Americans have indicated that they support this form of punishment. Additionally‚ this support
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I s there a way of dividing a company’s capital base between debt and equity that can be expected to maximize fi rm value? And‚ if so‚ what are the critical factors in determining the target leverage ratio for a given company? Although corporate fi nance has been taught in business schools for more than a century‚ the academic fi nance profession has found it diffi cult to come up with defi nitive answers to these questions. Part of the diffi culty stems from how the discipline has evolved
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Exercise on Unit 2 – Theories of Capital Structure 1. Companies U & L are identical in all respect except that U is unlevered while L is levered. Company L has Rs. 20 Lacs of 8% debentures outstanding. Assume a. All MM assumptions are met b. Tax rate is 35% c. EBIT is Rs. 6 Lacs d. Equity capitalization rate of company U is 10% Find the following: a. Value of each firm according to MM approach b. Suppose Value of U is Rs. 25 Lacs and Value of L Rs. 35 Lacs. According
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Capital Structure Stewart C. Myers The Journal of Economic Perspectives‚ Vol. 15‚ No. 2. (Spring‚ 2001)‚ pp. 81-102. Stable URL: http://links.jstor.org/sici?sici=0895-3309%28200121%2915%3A2%3C81%3ACS%3E2.0.CO%3B2-D The Journal of Economic Perspectives is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/about/terms.html. JSTOR ’s Terms and Conditions of Use
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Cost of Capital at Ameritrade What factors should Ameritrade management consider when evaluating the proposed advertising program and technology upgrades? Why? Mr. Ricketts believes that his role as CEO is to maximize shareholder value by accepting any project whose expected return on investment is greater than the cost of capital. Therefore‚ the main factors that Ameritrade management should consider are the expected return on investment for the project‚ and how this compares to the project’s
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Capital Punishment in the United States of America Killing is wrong. It’s something that has been driven into us since childhood its indisputable truth. So why is capital punishment allowed? For those of you that don’t know what capital punishment is‚ it’s the death penalty the murder of a people in our society who are mentally or emotionally unstable‚ have anger management issues or simply made a plain mistake. These are many of the reasons that account for the homicides that take place each year
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Chapter 9 Cost of Capital 1. What is the WACC? a. Weighted Average Cost of Capital- most firms employ different types of capital‚ and because of their differences in risk‚ the difference securities have different required rates of return. Typically=debt‚ preferred stock and common equity. 2. What precautions must we take when measuring the WACC to use for capital budgeting decisions (future investment)? b. The company’s current and recent past book and market value structures
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UV0010 NIKE‚ INC.: COST OF CAPITAL On July 5‚ 2001‚ Kimi Ford‚ a portfolio manager at NorthPoint Group‚ a mutual-fund management firm‚ pored over analysts’ write-ups of Nike‚ Inc.‚ the athletic-shoe manufacturer. Nike’s share price had declined significantly from the beginning of the year. Ford was considering buying some shares for the fund she managed‚ the NorthPoint Large-Cap Fund‚ which invested mostly in Fortune 500 companies‚ with an emphasis on value investing. Its top holdings included ExxonMobil
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