Explain the concept of bartering. Give an example where you employed this technique.
Bartering system in simple terms is the exchange of goods or services between the two parties without use of any monetary medium like money, credit or debit cards
bartersystem was the first system from the previous times for trade.
It is the oldest form of Commerce .
even in the today's world ,some of the companies use barter system for exchanging their service and goods .
in simple way let's say I have 2 kg of chicken but I want to eat apples so I will find a guy who want chicken so we can exchange goods and from barter system.
It is not very formal type of trade
Explain the concept of bartering. Give an example where you employed this technique.
Explain something technical to someone non-technical example. Give an example and technique to explain it.
Define each of the following recovery technique and give a real-world example of where the technique could be used effectively. Reprocessing transactions
Define the following recovery technique and give a real-world example of where the technique could be used effectively. Forward recovery (using backup copy of database)
explain the concept of diminshing returns. give an example
Provide an example to illustrate how and where EACH technique could be employed. a) Avoidance b) Separation c) Combination d) Transfer (control) e) Loss control f) Risk retention/ Self-insurance g) Transfer (financing risk via insurance). h) transfer- Financial risk transfer by means other than insurance
Explain the concept of “anchoring” in negotiation and give an example. 200 words
Explain the concept of value of perfect information in decision analysis. Give a real world example where the value of perfect information will be useful to a decision maker
Explain the concept of rational chemotherapy and give an example of how it is applied in treatment of parasitic diseases.
Explain the concept of an international financial crisis give either a real or hypothetical example
Sampling technique: Pick a sampling technique discussed in the textbook-Business Statistics. In your own language, explain the process of applying this method, in what situation it can be used, and its strengths/weaknesses. Give an example of where you can use this method in your work of life: specify the population, sampling technique, and sample.