Busi 343 - Study guides, Class notes & Summaries

What is arbitrage? The simultaneous buying and selling of a security at two different prices in two different markets, resulting in profits without risk -> generates riskless profits! -> process pulls the price that's relatively low up and pushes price that is relatively high down -> process continues until there are no longer any riskless profits to be had What is a perfect market? One that is free of all frictions -large number of buyers and sellers (so that no individual can ...

Three main components of finance1. Capital budgeting, capital structure, managing short term cash flows Goal of Financial Managementmaximize current value per share of stock 3 reasons for market efficiency1. Rationality 2. Independent deviations from rationality that cancel each other out 3. Arbitrage Grossman-stiglitz paradoxActive managers make the market more efficient by spotting inefficiencies. If the market gets too efficient, managers will leave, and then there will be no one t...

National Labor Union1866 - established by William Sylvis - wanted 8 hour work days, banking reform, and an end to conviction labor - attempt to unite all laborers. Led to the creation of unions. Great Uprising of 1877Unsuccessful railroad strike to protest wage cuts and the use of federal troops against strikers; the first nationwide work stoppage in American history. Knights of Labor(GC) , one of the most important American labor organizations of the 19th century. Founded by seven Phi...

What is arbitrage? The simultaneous buying and selling of a security at two different prices in two different markets, resulting in profits without risk -> generates riskless profits! -> process pulls the price that's relatively low up and pushes price that is relatively high down -> process continues until there are no longer any riskless profits to be had What is a perfect market? One that is free of all frictions -large number of buyers and sellers (so that no individual can ...

Three main components of finance1. Capital budgeting, capital structure, managing short term cash flows Goal of Financial Managementmaximize current value per share of stock 3 reasons for market efficiency1. Rationality 2. Independent deviations from rationality that cancel each other out 3. Arbitrage Grossman-stiglitz paradoxActive managers make the market more efficient by spotting inefficiencies. If the market gets too efficient, managers will leave, and then there will be no one t...

National Labor Union1866 - established by William Sylvis - wanted 8 hour work days, banking reform, and an end to conviction labor - attempt to unite all laborers. Led to the creation of unions. Great Uprising of 1877Unsuccessful railroad strike to protest wage cuts and the use of federal troops against strikers; the first nationwide work stoppage in American history. Knights of Labor(GC) , one of the most important American labor organizations of the 19th century. Founded by seven Phi...

NAB Exam 1. Gerontologists Categories - How is Young-Old Defined>>>>65 to 74 years old 2. Gerontologists Categories - How is Old-Old Defined>>>>75 to 84 years old 3. Gerontologists Categories - How is Oldest-Old Defined>>>>Over 85 + years old 4. The morning meal must be served within how many hours after the previ- ous meal>>>>14 Hours, if the required evening snack is substantial and the resident approves 16 hours may elapse 5. A fu...

NAB Exam 1. Gerontologists Categories - How is Young-Old Defined>>>>65 to 74 years old 2. Gerontologists Categories - How is Old-Old Defined>>>>75 to 84 years old 3. Gerontologists Categories - How is Oldest-Old Defined>>>>Over 85 + years old 4. The morning meal must be served within how many hours after the previ- ous meal>>>>14 Hours, if the required evening snack is substantial and the resident approves 16 hours may elapse 5. A fu...

1. TQM: Total Quali- ty Management 2. Customer De- fined Quality 3. Conformance to specification 4. Example of Con- formance to specification is an integrated organizational effort designed to improve quality at every level. TQM is about meeting quality expectations as defined by the customer. measures how well the product or service meets the targets and tolerances determined by its designers. The wait for hotel room service may be specified as 20 minutes, but there may be an acceptable delay...

Budd, J. W. (2010). Labor relations: Striking a balance. Chapter 4: Labor Law