Clasified in Notes of Economy of University.
Written at June 14, 2010 on 
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Ethics: study of moral principles and values that govern the actions of people
Ethical dilemma: situation that an individual faces involving a decision about appropriate behavior and affects the welfare of individuals by the results of the decision
Framework for ethical decision:
Clasified in Notes of Economy of University.
Written at June 10, 2010 on English with a size of 3,180 bytes.
Economics :the study of how societies use scarce resources to produce valuable goods and services and distribiute them
efficiency: effective use of society´s resources in satisfying people wants & needs
microeconomics: concerned with the behavior of individuals entities such as markets firms and households
macroeconomics: concerning the overall performance of the economy
inputs: commodities or services that are used to produce G&S
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Clasified in Notes of Economy of University.
Written at June 10, 2010 on English with a size of 2,756 bytes.
Production function: specifies the maximum with a given Q of inputs
Marginal product: the extra output produced by 1 additional unit
productivity : is a concept measuring ratio of total output to a weigthed average of inputs
fixed cost : are expenses that must be paid even if the firm produce 0 outputs
total cost: represents the lowest total dollar expense needed to produce each level of output
marginal cost : extra or additional cost of producing 1 extra unit of output
average cost : is the TC/Q-average fixed cost: FC/Q-average variable cost: VC/Q
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Written at June 10, 2010 on English with a size of 2,119 bytes.
Speculation: involves buying and selling in order to make profits from fluctuations prices
Arbitrage: is the purchase of a good in one market for immediate resale in another market in order to profit from a price discrepancy
Hedging: reducing the risk involved in owning an asset by making an offsetting sale of that asset.
Social insurance: consist of mandatory programs with broad or universal coverage, fended by taxes or fees
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Clasified in Notes of Economy of University.
Written at June 14, 2010 on English with a size of 3,756 bytes.
Internal control- process effected by entity´s board of directors, managers and others designed to provide reasonable assurance regarding the achievement of objectives in preliabillity of financial reporting effectiveness and efficiency
Risk assessment- management process for identifying and responding to business risks faced by an org.
The walk- through- refers to tracing several transactions through each step in the cycle
The control environment- is the collective effect of the overall attitude awareness and actions of an entities board of directors on establishing & enhancing the effectiveness of specific controls
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Written at June 27, 2009 on English with a size of 733 bytes.
Clasified in Notes of Economy of University.
Written at November 10, 2009 on English with a size of 3,474 bytes.
3 approaches:-work and organizations (planning, organizing, controlling) - people (communication, motivation, leadership, work group formation) - production and operations
5 critical entrepreneur skills:Leadership, communication, decision-making, team work, telescope
5 mistakes:unclear goals, try to prove you're smart, greed, hiring people they like instead of need
3 C's: Company, customers, competition
Sart-Up costs:1. expenses (legal structure, work space, remodeling, stationary, logos, web page) 2.purchase assets (inventory, office supplies) 3. Ongoing monthly expenses (rent, utilities, payroll, insurance) 4. Monthly sales
Executive summary
Clasified in Notes of Economy of University.
Written at March 05, 2010 on English with a size of 784 bytes.
Clasified in Notes of Economy of University.
Written at March 12, 2010 on English with a size of 579 bytes.
Just in time. ELementos:
Nivelado de produccion, Kanban, Reduccion de la preparacion de la maquina, Estandarizacion de operaciones, Adaptacion a la demanda, Sugerencias de trabajadores, Contro de defectos (Jidoka), Mantenimiento productivo total y Relacion con clientes y proveedores.
Franquicias: empresa(proporciona tecnicas, informac. promocion, suministros, exclusividad y formacion) y franquiciado ( pago inicial, da un porcentaje de ventas y confidencialidad) Tipos::
Franquicias industriales, de distribucion, de produccion y de servicios.
