Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Imagine you are living in the 1400s and, as most people did then, you live off of the land. You raise cows, sheep, goats, etc., to provide food and clothing. Limited money exchange is available, most commonly in the form of silver and gold coins, though you most often barter for goods using what you could raise, grow, or build.

Think of some kind of common activity you might be planning or you might need to do in the course of your daily living. It might have to do with increasing the size of your fields, adding space to your house, fencing around your animals, how milk production would change if you bought another cow, how much cloth you could make from the wool from your sheep, how you might barter with your neighbor or at the marketplace, etc.

How would you express these ideas, which are quantifiable, in words?

Remember, it is 1400. Everything is in words-no symbols. For instance, I might say "The wool from three sheep is equal in value to the milk produced in three days' time from two cows." Or, "If I make each side of my fence twice as long, the grazing area for my animals would be..."

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91936496

Have any Question?


Related Questions in Business Management

Give some examples at least three of team mental models

Give some examples (at least three) of team mental models (ones you hold currently, or have held in the past). Consider the Cuyahogacollision example in this chapter. What went wrong with the team mental model in this si ...

Research and discuss three web-service apis in android and

Research and discuss three web-service API's in Android and identify the features associated which each.

Management and consulting1 what is flawless consulting2

Management and consulting 1. What is 'flawless consulting'? 2. Describe the problem analysis approach? 3a. What is positive defiance? 3b. Explain one positive implication of positive defiance? 4. Look at BDO Internationa ...

Paper training and developmentyou will apply what you have

Paper: Training and Development You will apply what you have learned about the use of training to make improvements in employee performance in support of organizational objectives. Select an organization that you are fam ...

List 2 penalties a judge may impose on you if you fail to

List 2 penalties a judge may impose on you if you fail to meet your duties under the WHS act.

What is a concrete example that demonstrates the

What is a concrete example that demonstrates the relationship between objectives and goals?

A professor owned a home next door to a very dilapidated

A professor owned a home next door to a very dilapidated, neglected home. John Cataldo purchased the home next door and made a contract with Wizard Home Improvements for a complete renovation of the property. The profess ...

Tactical operational exercises incorporate determination

Tactical operational exercises incorporate determination making in a management model of a business. What aspect are not covered by the tactical operations?

Make a function first-char that consumes a nonempty string

Make a function first-char that consumes a nonempty string and produces a string consisting of the first character in the original string. Do not use string-ref.

What does this demand sequence meani am assuming that xyand

What does this demand sequence mean? (I am assuming that x,y,and s are related products) Qx=1.5 -3.0Px + 0.8(Income) +2.0 Py -0.6 Ps +1.2(Advertising) Then a year passes and the values are: Px=2 I=2.5 Py=1.80 Ps=0.50 A=1 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As