Entrepreneur Versus Manager: Key Business Organization Concepts
Entrepreneur Versus Manager: Key Differences
This section explains the fundamental differences between an Entrepreneur and a Manager (10 Marks).
| Basis | Entrepreneur | Manager |
|---|---|---|
| Meaning | Person who establishes a business. | Person who runs an existing business. |
| Objective | Innovation, risk-taking, profit generation. | Efficient operations, achieving set goals. |
| Risk | Takes high personal risk. | Low personal risk (risk is organizational). |
| Rewards | Profits. | Salary/bonus. |
| Creativity | High creativity; introduces new ideas. | Works within |
Labor Law Origins, Employment Contracts & Sources in Spain
Origins of Labor Law
Origins of labor law: Labor law plays a critical role in today’s society, affecting a large proportion of the population of workers. It appeared in the nineteenth century as a response to the economic and social problems that arose during the Industrial Revolution and to the desire to protect the weakest party in the employment relationship.
Employment Relationship
Relationship: Not every work done by a person is considered an employment relationship. A worker is considered to
Read MoreAI Algorithms and Prolog Examples — BFS, A*, Minimax
AI Algorithms and Prolog Examples
This document contains:
- Prolog family facts and queries
- Python implementations of BFS, DFS, A*, Minimax, Alpha-Beta
- 8-puzzle A* solver, Tic-Tac-Toe minimax, a simple reflex agent, and a Chess AI
Prolog Family Facts and Queries
Prolog
parent(john, mary).
parent(john, david).
parent(susan, mary).
parent(susan, david).
parent(david, emily).
parent(david, james).
parent(mary, ann).
male(john).
male(david).
male(james).
female(susan).
female(mary).
female(ann).
female(emily)Cognitive Biases, Developmental Stages & Clinical Psychology
Cognitive Heuristics and Biases
- Availability Heuristic — Judging based on how easy it is to think of examples or occurrences.
- Representativeness Heuristic — Judging based on how it resembles another event.
- Numerosity Heuristic — Judging quantity/probability based on the number of pieces something has been divided into.
- Anchor-and-Adjust Bias — Making a guess by anchoring and pivoting around a previous estimate; there is a bias toward under-correction.
- Above-Average Effect — The finding that
Founding of Rome and Roman Civilization Stages
1. Origins of Rome: People and Location
When was Rome founded? What people lived there? Where did they settle? Which peoples engaged with the Romans?
In the middle of the eighth century BC, some Latin tribes gathered on the banks of the Tiber River, near the Palatine Hill, close to a place where there was an island (Tiber Island) and a ford that allowed crossing the overflowing river.
2. Legend of Romulus and Remus
Romulus and Remus decided to found a city on a river plain. They traced the perimeter
Read MoreUnderstanding Business Operations and Export Planning
Business Fundamentals
Business refers to an enterprising entity or organization that carries out professional activities. It can be commercial, industrial, or others. For-profit business entities do business to earn a profit, while non-profit ones do it for a charitable mission.
The Business Environment
It’s the sum or collection of all internal and external factors such as:
- Employees
- Customer needs and expectations
- Supply and demand
- Management
- Clients
- Suppliers
- Owner
- Activities by government
- Innovation in
Key Functions in Human Biology
Digestive and Metabolic Functions
1. Saliva and Stomach Acid
- Saliva: Lubricates food for swallowing, moistens the mouth, and contains the enzyme Salivary Amylase (Ptyalin) which begins the digestion of carbohydrates (starches).
- HCl (Hydrochloric Acid): Maintains an acidic pH (1.5–3.5) in the stomach to activate pepsinogen into pepsin (for protein digestion) and kills ingested bacteria/microbes.
2. Basal Metabolic Rate (BMR)
- BMR: The minimum amount of energy (calories) required by the body to maintain
Oligopoly Pricing, Keynesian Theory, and National Income Metrics
Oligopoly Price Leadership Models
In an Oligopoly, firms are interdependent, meaning one firm’s pricing decision directly affects others. To avoid destructive price wars, firms often adopt a Price Leadership Model, where one firm (the “leader”) sets the price, and others (the “followers”) match it.
Types of Price Leadership
There are three primary forms of price leadership based on how the leader is established:
1. Dominant Firm Price Leadership
- Description: A single firm controls a massive share of
Concept-Based Learning and Language Acquisition Models
1. Language Learning and Additional Language Acquisition
Learning in a Language Other Than the Mother Tongue
Learning in a language other than the mother tongue involves a higher cognitive effort, as learners already possess a first language (L1) that influences the learning of the second or foreign language (L2). This influence can be positive (transfer of skills) or negative (interference or fossilization).
Learners must develop not only linguistic competence but also academic language and the ability
Read MorePost-WWI Germany: Versailles Treaty and Rise of Nazism
Treaty of Versailles: Harsh Peace Terms
The Treaty of Versailles, signed in 1919, officially ended World War I between Germany and the Allied powers. It imposed harsh terms on Germany:
- Armies and fleets were prohibited.
- Germany lost its colonial empire.
- Some territories were ceded to other countries.
- Germany had to pay for the damages of the war.
- Germany lost around 48% of its iron production to France.
- Half of its coal production was no longer sent to Germany.
The Weimar Republic Established
Following the
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