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Flashcard 1425539730700

Tags
#cfa-level-1 #economics #economics-in-a-global-context #los #reading-20-international-trade-and-capital-flows
Question
When a country has a trade surplus, it lends to [...] or buys assets from foreigners reflecting the financing needed by foreigners running trade deficits with that country.

Similarly, when a country has a trade deficit, it has to borrow from foreigners or sell some of its assets to foreigners. The balance of payments explains these relationships.
Answer
foreigners

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When a country has a trade surplus, it lends to foreigners or buys assets from foreigners reflecting the financing needed by foreigners running trade deficits with that country. Similarly, when a country has a trade deficit, it has t

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2.1. Basic Terminology
e while those in Europe and the Middle East (which benefited from rising prices of their petroleum exports) experienced a substantial increase. Africa also experienced a small improvement in its terms of trade during this period. <span>Net exports is the difference between the value of a country’s exports and the value of its imports (i.e., value of exports minus imports). If the value of exports equals the value of imports, then trade is balanced. If the value of exports is greater (less) than the value of imports, then there is a trade surplus (deficit) . When a country has a trade surplus, it lends to foreigners or buys assets from foreigners reflecting the financing needed by foreigners running trade deficits with that country. Similarly, when a country has a trade deficit, it has to borrow from foreigners or sell some of its assets to foreigners. Section 4 on the balance of payments explains these relationships more fully. Autarky is a state in which a country does not trade with other countries. This means that all goods and services are produced and consumed domestically. The price of a go







Flashcard 1425546808588

Tags
#cfa-level-1 #economics #economics-in-a-global-context #los #reading-20-international-trade-and-capital-flows
Question
An [...] , is an economy that trades with other countries.
Answer

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An open economy , is an economy that trades with other countries. If there are no restrictions on trade, then members of an open economy can buy and sell goods and services at the price prevailing in t

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2.1. Basic Terminology
ods and services are produced and consumed domestically. The price of a good or service in such an economy is called its autarkic price . An autarkic economy is also known as a closed economy because it does not trade with other countries. <span>An open economy , in contrast, is an economy that trades with other countries. If there are no restrictions on trade, then members of an open economy can buy and sell goods and services at the price prevailing in the world market, the world price . An open economy can provide domestic households with a larger variety of goods and services, give domestic companies access to global markets and customers, and offer goods and services that are more competitively priced. In addition, it can offer domestic investors access to foreign capital markets, foreign assets, and greater investment opportunities. For capital intensive industries, such as automobiles and aircraft, manufacturers can take advantage of economies of scale because they have access to a much larger market. Free trade occurs when there are no government restrictions on a country’s ability to trade. Under free trade, global aggregate demand and supply determine the equilibrium quantity an







Flashcard 1425561488652

Tags
#cfa-level #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
Reading 14 addresses the [...] by individuals who make decisions to maximize the satisfaction they receive from present and future consumption.
Answer
demand for goods and services

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Reading 14 covers the theory of the consumer, which addresses the demand for goods and services by individuals who make decisions to maximize the satisfaction they receive from present and future consumption.

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Study Session 4
cribe the marketplace behavior of consumers and firms. Reading 13 explains the concepts and tools of demand and supply analysis—the study of how buyers and sellers interact to determine transaction prices and quantities. <span>Reading 14 covers the theory of the consumer, which addresses the demand for goods and services by individuals who make decisions to maximize the satisfaction they receive from present and future consumption. Reading 15 deals with the theory of the firm, focusing on the supply of goods and services by profit-maximizing firms. That reading provides the basis for understanding the c







#blue-apron #citychef
Blue Apron detractors often point out environmental impact.

Advocates argue that because delivery companies use local farms, they're avoiding a lot of the waste that comes when your tomatoes are flown internationally to your grocery store.
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h vegetables," says Lauren Ornelas, the founder and executive director of the Food Empowerment Project. Yes, the ability to rotate crops is fantastic — but less so if the only ones benefiting are the well-off. <span>Blue Apron detractors often point out two areas where meal-delivery services fall short: cost and environmental impact. Despite an outcry about the packaging these boxes use (small plastic bags for three carrots, little plastic containers of soy sauce, cold packs), the clamor is somewhat of a red herring: Everything included is recyclable, if perhaps difficult to do so. Advocates argue that because delivery companies use local farms, they're avoiding a lot of the waste that comes when your tomatoes are flown internationally to your grocery store. "When things are being flown in from Mexico or somewhere, there's a lot of packaging involved," Goggin says. "Small farms don't use any of that. They deliver




Flashcard 1428080692492

Tags
#derecho #introduccion-al-derecho
Question
Las normas [...] comprenden a las morales, la costumbre, el trato social, las jurídicas, la religión
Answer
éticas

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Las normas éticas comprenden a las morales, la costumbre, el trato social, las jurídicas, la religión

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1.3LA NORMA
dos sentidos: uno amplio (Latu sensu), y otro estricto (Stricto sensu), en sentido amplio, es aplicado a toda regla de comportamiento humano, sea obligatoria o no obligatoria, y se clasifica en dos grandes grupos: normas técnicas y éticas. <span>Estas últimas, comprenden a las morales, la costumbre, el trato social, las jurídicas, la religión; las normas técnicas son las reglas que sirven a la persona para la realización material de un objeto, no son de carácter obligatorio sino potestativo; en sentido estricto, correspon







Flashcard 1428082527500

Tags
#derecho #introduccion-al-derecho
Question
[...]: Regla de comportamiento obligatoria o no.
Answer
Latu sensu

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Latu sensu: Regla de comportamiento obligatoria o no.

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1.3LA NORMA
nfiere derechos. Las normas pertenecen al ámbito del deber ser; son formas de regulación de la conducta que surgen de la voluntad del hombre. En resumen, la norma se conceptualiza de la siguiente forma:4 <span>Latu sensu: Regla de comportamiento obligatoria o no. Stricto sensu: Establecen deberes y otorga derechos. Norma <span><body><html>







Flashcard 1428089605388

Tags
#derecho #introduccion-al-derecho
Question
Interioridad:
En el actuar del individuo lleva [...] para [...] es decir, que sin importar el resultado material de la conducta, la persona actúa de acuerdo con su propia conciencia de lo que él considera bueno o malo.
Answer
la intención para cumplir una determinada norma,

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Interioridad: En el actuar del individuo lleva toda la intención para cumplir una determinada norma, es decir, que sin importar el resultado material de la conducta, la persona actúa de acuerdo con su propia conciencia de lo que él considera bueno o malo, un ejemplo de esta norma es

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1.3.3.1 Clasificación de las normas
de compra-venta, el vendedor tiene la obligación de entregar el bien y el comprador de pagarlo o desde otro punto de vista, si el vendedor recibe el dinero, el comprador tiene la obligación de exigirle que le entregue el bien. <span>Interioridad: En el actuar del individuo lleva toda la intención para cumplir una determinada norma, es decir, que sin importar el resultado material de la conducta, la persona actúa de acuerdo con su propia conciencia de lo que él considera bueno o malo, un ejemplo de esta norma es el contraer matrimonio dos veces con distintas personas, aquí el actuar del individuo no le importó divorciarse del primer matrimonio, ya que según su criterio es bueno el haberlo hecho pero esto es un impedimento que consigna el Código Civil. Exterioridad: Estas normas no atienden la intención del sujeto, si no que enfocan al resultado material de la conducta, por ejemplo: a este tipo de normas no le inter







Flashcard 1428096683276

Tags
#clasificacion-de-las-normas #derecho #introduccion-al-derecho
Question
Exterioridad:
Estas normas no atienden a la [...] del sujeto si no que enfocan al [...] de la conducta
Answer
la intención del sujeto

resultado material

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Exterioridad: Estas normas no atienden la intención del sujeto, si no que enfocan al resultado material de la conducta, por ejemplo: a este tipo de normas no le interesa si una persona mata a otra que se encuentra en fase de una enfermedad terminal

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1.3.3.1 Clasificación de las normas
onio dos veces con distintas personas, aquí el actuar del individuo no le importó divorciarse del primer matrimonio, ya que según su criterio es bueno el haberlo hecho pero esto es un impedimento que consigna el Código Civil. <span>Exterioridad: Estas normas no atienden la intención del sujeto, si no que enfocan al resultado material de la conducta, por ejemplo: a este tipo de normas no le interesa si una persona mata a otra que se encuentra en fase de una enfermedad terminal y sufría mucho, y por misericordia se consideró necesario matarlo, de cualquier forma existe el homicidio, o bien es un homicidio imprudencial, toda vez que la persona que decidió matarla no 16 tenía la intención, pero de cualquier forma cometió tal acto y es castigado con una sanción que impone el poder del Estado. Incoercibilidad







Flashcard 1428104285452

Tags
#clasificacion-de-las-normas #derecho #introduccion-al-derecho
Question
Heteronomía:
Son las reglas que enfrenta una persona, provienen del medio [...] , es decir, son creadas por entidades distintas al [...] ,
Answer


externo

destinatario de la norma

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Heteronomía: Son las reglas que enfrenta una persona, provienen del medio externo, es decir, son creadas por entidades distintas al destinatario de la norma, ejemplo: Las reglas que se aplican al tránsito de vehículos en una ciudad fuer

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1.3.3.1 Clasificación de las normas
obligación. Autonomía: Estas normas son creadas por la conciencia misma del individuo que habrá de obedecerlas, con el fin de regular su propia conducta, por ejemplo: bañarse todos los días e ir al trabajo. <span>Heteronomía: Son las reglas que enfrenta una persona, provienen del medio externo, es decir, son creadas por entidades distintas al destinatario de la norma, ejemplo: Las reglas que se aplican al tránsito de vehículos en una ciudad fueron creadas por personas ajenas a quien usualmente conduce su automóvil. <span><body><html>







Flashcard 1428230114572

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4 #summary
Question
When something other than price changes, the demand curve or the supply curve will [...]. This is referred to as [...] , as opposed to [...]
Answer
shift relative to the other curve

a change in demand or supply

quantity demanded

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When something other than price changes, the demand curve or the supply curve will shift relative to the other curve. This shift is referred to as a change in demand or supply, as opposed to quantity demanded or quantity supplied. A new equilibrium generally will be obtained at a different price and a

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SUMMARY
s and households as sellers of land, labor, capital, and entrepreneurial risk-taking ability. Capital markets are used by firms to sell debt or equity to raise long-term capital to finance the production of goods and services. <span>Demand and supply curves are drawn on the assumption that everything except the price of the good itself is held constant (an assumption known as ceteris paribus or “holding all other things constant”). When something other than price changes, the demand curve or the supply curve will shift relative to the other curve. This shift is referred to as a change in demand or supply, as opposed to quantity demanded or quantity supplied. A new equilibrium generally will be obtained at a different price and a different quantity than before. The market mechanism is the ability of prices to adjust to eliminate any excess demand or supply resulting from a shift in one or the other curve. If, at a given price, the quantity demanded exceeds the quantity supplied, there is excess demand and price will rise. If, at a given price, the quantity supplied exceed







Control of the supply chain.
#blue-apron #citychef #operational-model #supply-chain
Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment.
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Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat,

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Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision




Data analytics.
#blue-apron #business-model #citychef #data-analytics #operational-model
As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software6. The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price.
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r week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. <span>Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and managemen

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision




Supporting Suppliers.
#blue-apron #business-model #citychef #operational-model #supporting-suppliers
There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms.
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for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. <span>Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. <span><body><html>

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Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision




Flashcard 1428990856460

Tags
#14-dic-2016 #el-financiero #noticias
Question
Clemente Ruíz, catedrático del Instituto de Investigaciones Económicas de la UNAM, señaló que el valor agregado de la informalidad es bajo si se considera que [...] por ciento de la población está ocupada en ese ámbito y subrayó que en la informalidad hay muchas empresas familiares que no tienen acceso a apoyos que los hagan más eficientes.
Answer
57.9

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Clemente Ruíz, catedrático del Instituto de Investigaciones Económicas de la UNAM, señaló que el valor agregado de la informalidad es bajo si se considera que 57.9 por ciento de la población está ocupada en ese ámbito y subrayó que en la informalidad hay muchas empresas familiares que no tienen acceso a apoyos que los hagan más eficientes.<

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Informalidad ‘captura’ hasta un cuarto de la economía del país
INEGI). En tanto, el año pasado, 76.4 por ciento del PIB del país fue generado en el sector formal, ubicándose como el mayor aporte del sector al menos desde 2003, señala el reporte Medición de la Economía Informal 2015. <span>Clemente Ruíz, catedrático del Instituto de Investigaciones Económicas de la UNAM, señaló que el valor agregado de la informalidad es bajo si se considera que 57.9 por ciento de la población está ocupada en ese ámbito y subrayó que en la informalidad hay muchas empresas familiares que no tienen acceso a apoyos que los hagan más eficientes. “Mientras tengamos esa estructura de ocupación en el sector informal, no habrá manera de subir la productividad, se necesitan políticas de apoyo pues las acciones que han hab







Flashcard 1429130317068

Tags
#sister-miriam-joseph #trivium
Question
Humans are [...] and therefore have something to say.
Answer
rational

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humans alone among animals have the power to think. Consequently, they alone have language in the proper sense of the word. 1 This follows from their nature, for they are rational and therefore have something to say, social and therefore have someone to say it to, and animal and therefore require a physical mode of communicating ideas from one mind, which

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Flashcard 1429179075852

Tags
#derecho #introduccion-al-derecho
Question
Las iniciativas presentadas por los diputados o los senadores, se sujetarán a los trámites que designe el [...]
Answer
Reglamento de Debates.

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Las iniciativas presentadas por el Presidente de la República, por las Legislaturas de los Estados o por las Diputaciones de los mismos, pasarán desde luego a comisión. Las que presentaren los diputados o los senadores, se sujetarán a los trámites que designe el Reglamento de Debates.

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2.1 CLASIFICACIÓN DE LAS FUENTES DEL DERECHO
so mediante el cual los órganos del Estado, (el Congreso de la Unión, que se conforma por la Cámara de Diputados y Cámara de Senadores), crean las normas jurídicas generales, abstractas y obligatorias que integrarán la ley. <span>En nuestro sistema mexicano existen seis etapas para la creación de una ley, a saber: iniciativa, discusión, aprobación, sanción, publicación e iniciación de la vigencia. Al hablar del proceso legislativo surge la idea de un procedimiento que ha de seguirse para la creación de las leyes federales o locales, acto que en nuestra Constitución se consigna en los artículos 71 y 72, que a continuación se explican: a) Iniciativa, el derecho de iniciar leyes, conforme al artículo 71 de nuestra Constitución Política de los Estados Unidos Mexicanos, le compete al Presidente de la República, a los Diputados y Senadores, al Congreso de la Unión y a las Legislaturas de los Estados. Las iniciativas presentadas por el Presidente de la República, por las Legislaturas de los Estados o por las Diputaciones de los mismos, pasarán desde luego a comisión. Las que presentaren los diputados o los senadores, se sujetarán a los trámites que designe el Reglamento de Debates. La iniciativa de ley es un proyecto que se presenta al Poder Legislativo para éste lo estudie, analice y, en su caso, siguiendo el proceso que señala la Constitución Política de los Estados Unidos Mexicanos, se convierta en ley; a la Cámara que primero recibe el proyecto de ley se le llama Cámara de Origen. b) Discusión es el acto por el cual las Cámaras deliberan acerca de las iniciativas, a fin de determinar si deben o no ser aprobadas,11 debaten sobre la proposición que se les ha hecho, exponiendo los puntos de vista que existan a favor o en contra de ella y formulando los puntos de vista que consideran pertinentes para el perfeccionamiento del proyecto. Una vez que la iniciativa de ley ha sido estudiada, discutida y revisada por la Cámara de Origen, si se considera que es prudente, se procede al siguiente paso del proceso legislativo: la aprobación. c) Aprobación, aquí los integrantes de la Cámara de Origen dan su autorización a la iniciativa para que ésta se convierta en ley, una vez aprobada la iniciativa, se envía a la otra Cámara, a cual se denomina Cámara Revisora, para que ésta también la discuta. La aprobación pude ser total o parcial, la primera de ellas se da cuando aceptan que la iniciativa, una vez discutida y analizada, fue autoriza por la Cámara de Origen para que se apruebe la ley; la segunda, se da cuando la iniciativa de ley tiene observaciones, por tal motivo elaborarán la propuesta de reformas o adiciones que se consideren pertinentes y sea discutida nuevamente. d) Sanción, una vez que la iniciativa de ley ha sido aprobada por las dos Cámaras, se debe enviar el Ejecutivo para que éste ordene su publicación, y es el acto por el cual el Presidente de la República manifiesta, mediante su firma, la aprobación del proyecto de ley que le envían las Cámaras, a este hecho se le llama sanción Sin embargo, el Presidente de la República puede hacer observaciones, y en este caso, la devolverá a la Cámara de Origen, en donde será discutido de nuevo, y su fuere confirmado por las dos terceras partes del número total de votos de la Cámara de Origen, y pasará otra vez a la Cámara Revisora, en la cual se analizarán las observaciones, y si la iniciativa también fuere confirmada por la misma mayoría, el proyecto se declarará y será enviado al Ejecutivo para su promulgación; así, en caso de que las observaciones sean aceptadas, el procedimiento será el mismo para el caso de la revisión. A la facultad que tiene el Presidente de la República para hacer observaciones o rechazar iniciativas de ley aprobadas por las Cámaras, se le denomina derecho de veto. El Ejecutivo dispone de un término de 10 días hábiles para ejercer el derecho de veto, pues se entiende que si pasado ese término sin que devuelva el proyecto de ley a su Cámara de Origen, éste ha sido aceptado por el Ejecutivo, si se da el caso de que en ese término concluyan o se suspendan las sesiones del Congreso, la devolución deberá hacerse el primer día hábil en que el Congreso reinicie sus sesiones. f) Promulgación, una vez que el proyecto de ley ha sido aceptado por el Poder Ejecutivo, se procede a la promulgación, que es la aprobación expresa del Ejecutivo, donde se manifiesta la orden de publicación y que se ejecute dicha ley. 32 g) Publicación, una vez que la ley fue promulgada, ésta debe ser puesta en conocimiento de la población. Se publica en el Diario Oficial de la Federación, que es el medio de comunicación que utilizan las autoridades federales para dar a conocer a la población las resoluciones administrativas, las leyes y otros avisos de importancia general. Respecto a la publicación de las leyes que emiten los Estados, éstas se realizan por medio de la Gaceta de Gobierno del Estado. h) Iniciación de la vigencia, aquí es donde la ley empieza a tener fuerza obligatoria para toda la población. En México, existen dos sistemas para que inicie la vigencia de una ley, a saber: El sucesivo consiste en que la ley entra en vigor tres días después de la publicación en el Diario Oficial de la Federación, en los lugares en los cuales no se publiquen el diario oficial, se dará un día más por cada 40 kilómetros o fracción que exceda la mitad de distancia entre el lugar de publicación y el sitio donde habrá de iniciarse la vigencia. Este sistema está considerado en el artículo 3 del Código Civil Federal, y es utilizada en el caso de que la ley no establezca la fecha en que entrará en vigor. El sincrónico es cuando la propia ley señala el día que iniciará su vigencia, en este caso, entrará en vigor en todos los lugares de su aplicación en la fecha establecida, esto lo señala el artículo 4 del Código Civil Federal. 2.1.3.2 La costumbre Es la regulación de la conducta surgida espontáneamente de un grupo social y de observancia voluntaria para quienes lo constituy







Flashcard 1430319402252

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#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question

Equation (1) 

Qdx=f(Px,I,Py,...)

Qdx = the quantity demanded of some good X

Px = [...]

I = [...]

Py = [...]

Answer
Price of good X

consumers’ income

the price of another good, Y.

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Equation (1)  Qdx=f(Px,I,Py,...) Qdx = the quantity demanded of some good X (e.g. per household demand for gasoline in gallons per week), P x = Price of good X I = consumers’ income P y is the price of another good, Y. It may be read, “Quantity demanded of good X depends on (is a function of) the price of g

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3.1. The Demand Function and the Demand Curve
demand function . (In general, a function is a relationship that assigns a unique value to a dependent variable for any given set of values of a group of independent variables.) We represent such a demand function in Equation 1: <span>Equation (1)  Qdx=f(Px,I,Py,...) where Qdx represents the quantity demanded of some good X (such as per household demand for gasoline in gallons per week), P x is the price per unit of good X (such as $ per gallon), I is consumers’ income (as in $1,000s per household annually), and P y is the price of another good, Y. (There can be many other goods, not just one, and they can be complements or substitutes.) Equation 1 may be read, “Quantity demanded of good X depends on (is a function of) the price of good X, consumers’ income, the price of good Y, and so on.” Often, economists use simple linear equations to approximate real-world demand and supply functions in relevant ranges. A hypothetical example of a specific demand function







Article 1430758755596

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4

At the foundation of consumer behavior theory is the assumption that the consumer knows his or her own tastes and preferences and tends to take rational actions that result in a more preferred consumption “bundle” over a less preferred bundle. To build a consistent model of consumer choice, we need to begin with a few assumptions about preferences. 3.1. Axioms of the Theory of Consumer Choice First, let us be clear about the consumption opportunities over which the consumer is assumed to have preferences. We define a consumption bundle or consumption basket as a specific combination of the goods and services that the consumer would like to consume. We could almost literally conceive of a basket containing a given amount of, say, shoes, pizza, medical care, theater tickets, piano lessons, and all the other things that a consumer might enjoy consuming. Each of those goods and services can be represented in a given basket by a non-negative quantity, respectively, of all the possible goods and



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#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question
The assumption of non-satiation ensures that, in an indifference curve, all bundles lying [...], to the [...] of point a must be preferred to bundle a.
Answer
above

right

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The assumption of non-satiation ensures that, in an indifference curve, all bundles lying directly above, directly to the right of, or both above and to the right of point a must be preferred to bundle a.

Original toplevel document

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
er bundles that contain only two goods so that we can use a two-dimensional graph to represent them—as in Exhibit 1, where a particular bundle containing W a ounces of wine along with B a slices of bread is represented as a single point, a. <span>The assumption of non-satiation (more is always better) ensures that all bundles lying directly above, directly to the right of, or both above and to the right (more wine and more bread) of point a must be preferred to bundle a. That set of bundles is called the “preferred-to-bundle-a” set. Correspondingly, all the bundles that lie directly below, to the left of, and both below and to the left of bundle a must







Conjunction
#conjunction #italian #italian-grammar
A linking or joining word, usually linking two words, phrases or clauses within a sentence: Marco e Davide ‘Marco and Davide’; con amore ma con disciplina ‘with love but with discipline’; sono andata a letto perché ero stanca ‘I went to bed because I was tired’; i giudici dicono che bisogna cambiare la legge ‘the judges say that the law should be changed’. Conjunctions can either be coordinating, linking two phrases or clauses of equal weight, or subordinating, linking a main clause and subordinate clause.
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Segunda Guerra Mundial
A Segunda Guerra Mundial, ocorrida entre [...] , é assim chamada por ter se tratado de um conflito que extrapolou o espaço da Europa, continente dos principais países envolvidos. Além do norte da África e a Ásia, o Havaí, território estadunidense, com o ataque japonês a Pearl Harbor, foi também palco de disputas territoriais e ataques inimigos.
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Segunda Guerra Mundial - História - InfoEscola
Segunda Guerra Mundial Compartilhar no Whatsapp Por Luisa Rita Cardoso Mestre em História (UDESC, 2015) Pós-graduada em Direitos Humanos (Universidade de Coimbra, 2012) Graduada em História (UDESC, 2010) Faça os exercícios! <span>A Segunda Guerra Mundial , ocorrida entre 1939 e 1945, é assim chamada por ter se tratado de um conflito que extrapolou o espaço da Europa, continente dos principais países envolvidos. Além do norte da África e a Ásia, o Havaí, território estadunidense, com o ataque japonês a Pearl Harbor, foi também palco de disputas territoriais e ataques inimigos. Compreender o que levou à eclosão do conflito implica lembrar as consequências da Primeira Guerra Mundial, de 1914 a 1918, culminando com a derrota alemã e a assinatura, entre as potê




O agravamento da crise econômica aumentou o sentimento de derrota e fracasso entre alemães e alemãs, que viram nos ideais do Partido Nacional-Socialista dos Trabalhadores Alemães, o Partido Nazista, a saída para a situação enfrentada pelo país.
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Segunda Guerra Mundial - História - InfoEscola
elecido como a grande economia mundial e financiador da reconstrução da Europa devastada pela guerra, entraram em colapso econômico, levando consigo as economias de países dependentes da sua e agravando as dificuldades econômicas na Europa. <span>O agravamento da crise econômica aumentou o sentimento de derrota e fracasso entre alemães e alemãs, que viram nos ideais do Partido Nacional-Socialista dos Trabalhadores Alemães, o Partido Nazista, a saída para a situação enfrentada pelo país. A frente do Partido, fundado em 1920, estava Adolf Hitler, que chegou ao poder em 1933, defendendo ideias como a da superioridade do povo alemão, da culpabilização dos judeus pela crise




Flashcard 1432253500684

Question
A frente do Partido, fundado em [...] , estava [...] , que chegou ao poder em [...] .
Answer
A frente do Partido, fundado em 1920, estava Adolf Hitler, que chegou ao poder em 1933.

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Segunda Guerra Mundial - História - InfoEscola
agravamento da crise econômica aumentou o sentimento de derrota e fracasso entre alemães e alemãs, que viram nos ideais do Partido Nacional-Socialista dos Trabalhadores Alemães, o Partido Nazista, a saída para a situação enfrentada pelo país. <span>A frente do Partido, fundado em 1920, estava Adolf Hitler, que chegou ao poder em 1933, defendendo ideias como a da superioridade do povo alemão, da culpabilização dos judeus pela crise econômica e da perseguição, isolamento e eliminação dos mesmos e de outros grupos como







Também na Itália a crise econômica do Período Entreguerras foi aproveitada por um grupo político antiliberal e anticomunista, que via na formação de um Estado forte a solução para os problemas econômicos e sociais. Tal grupo organizou-se como Partido Fascista, liderado por Benito Mussolini, que em 1922 foi nomeado primeiro-ministro pelo rei Vítor Emanuel III.
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Segunda Guerra Mundial - História - InfoEscola
, homossexuais e deficientes físicos e mentais. Pregava ainda a teoria do espaço vital (Lebensraum), a qual defendia a unificação do povo alemão, então, disperso pela Europa e seria utilizada como justificativa para o expansionismo nazista. <span>Também na Itália a crise econômica do Período Entreguerras foi aproveitada por um grupo político antiliberal e anticomunista, que via na formação de um Estado forte a solução para os problemas econômicos e sociais. Tal grupo organizou-se como Partido Fascista, liderado por Benito Mussolini, que em 1922 foi nomeado primeiro-ministro pelo rei Vítor Emanuel III. Mussolini, chamado pelos italianos de duce, combateu rivais políticos e defendeu a expansão territorial italiana, culminando na invasão da Etiópia em 1935 e na criação da chamada África




#guerra #mundial #segunda
Os dois líderes totalitários, Hitler e Mussolini, assinaram em 1936 um tratado de amizade e colaboração entre seus países. Estava formado o Eixo Roma-Berlim, que em 1940 passaria a ser Eixo Roma-Berlim-Tóquio, marcando a aliança do Japão com os dois países europeus, formalizada com a assinatura do Pacto Tripartite, que garantia a proteção dos três países entre si.
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Segunda Guerra Mundial - História - InfoEscola
ítor Emanuel III. Mussolini, chamado pelos italianos de duce, combateu rivais políticos e defendeu a expansão territorial italiana, culminando na invasão da Etiópia em 1935 e na criação da chamada África Oriental Italiana, anexada à Itália. <span>Os dois líderes totalitários, Hitler e Mussolini, assinaram em 1936 um tratado de amizade e colaboração entre seus países. Estava formado o Eixo Roma-Berlim, que em 1940 passaria a ser Eixo Roma-Berlim-Tóquio, marcando a aliança do Japão com os dois países europeus, formalizada com a assinatura do Pacto Tripartite, que garantia a proteção dos três países entre si. Estava formado o Eixo, que durante o conflito mundial enfrentaria os Aliados, aliança formada inicialmente por Inglaterra e França que mais tarde contou com a entrada de outros países,




Países que se juntaram aos aliados
#guerra #mundial #segunda
Estava formado o Eixo, que durante o conflito mundial enfrentaria os Aliados, aliança formada inicialmente por Inglaterra e França que mais tarde contou com a entrada de outros países, como os Estados Unidos, em 1941, após sofrer um ataque japonês na ilha de Pearl Harbor, seu território no Oceano Pacífico; a União Soviética, em 1941, quando a Alemanha de Hitler quebrou o Pacto Germano-Soviético de não agressão assinado dois anos antes; e até mesmo o Brasil, que em 1942 saiu da neutralidade e entrou na Guerra, em 1944 enviou combatentes (Força Expedicionária Brasileira) para combater na Europa.
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Segunda Guerra Mundial - História - InfoEscola
stava formado o Eixo Roma-Berlim, que em 1940 passaria a ser Eixo Roma-Berlim-Tóquio, marcando a aliança do Japão com os dois países europeus, formalizada com a assinatura do Pacto Tripartite, que garantia a proteção dos três países entre si. <span>Estava formado o Eixo, que durante o conflito mundial enfrentaria os Aliados, aliança formada inicialmente por Inglaterra e França que mais tarde contou com a entrada de outros países, como os Estados Unidos, em 1941, após sofrer um ataque japonês na ilha de Pearl Harbor, seu território no Oceano Pacífico; a União Soviética, em 1941, quando a Alemanha de Hitler quebrou o Pacto Germano-Soviético de não agressão assinado dois anos antes; e até mesmo o Brasil, que em 1942 saiu da neutralidade e entrou na Guerra, em 1944 enviou combatentes (Força Expedicionária Brasileira) para combater na Europa. Mas o que, afinal, levou à eclosão da guerra? Os nazistas decidiram levar a teoria do espaço vital adiante, promovendo assim o expansionismo alemão, primeiramente com a anexação da




Estopim da segunda guerra mundial
#guerra #mundial #segunda
O próximo passo foi a invasão da Polônia na tentativa de recuperar Danzig, cidade perdida pelos alemães na Primeira Guerra. França e Reino Unido exigiram que os alemães voltassem atrás e, diante da negativa de Hitler, declararam guerra à Alemanha em 3 de setembro de 1939. Tinha início o conflito mais destrutivo da história.
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Segunda Guerra Mundial - História - InfoEscola
i viviam cerca de 3 milhões de falantes da língua alemã. França e Reino Unido acordaram com a Alemanha, na Conferência de Munique, a anexação de apenas 20% do território tcheco, mas Hitler não respeitou acordo, ocupando e em 1939 todo o país. <span>O próximo passo foi a invasão da Polônia na tentativa de recuperar Danzig, cidade perdida pelos alemães na Primeira Guerra. França e Reino Unido exigiram que os alemães voltassem atrás e, diante da negativa de Hitler, declararam guerra à Alemanha em 3 de setembro de 1939. Tinha início o conflito mais destrutivo da história. A guerra relâmpago Erich Von Manstein, general alemão, foi o principal responsável pelo desenvolvimento da Blitzkrieg, a guerra relâmpago, uma tática militar que tinha como objetivo




justificação antissemita
#guerra #mundial #segunda
Para o nazismo, os judeus eram os grandes culpados pela crise do país passara no Período Entreguerras, devendo, portanto, ser combatidos.
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Segunda Guerra Mundial - História - InfoEscola
gito Marrocos e Argélia eram conquistados pelos forças Aliadas. Antissemitismo Além do expansionismo e das disputas territoriais, a perseguição a grupos étnicos, sobretudo aos judeus e ciganos, foi uma realidade na Segunda Guerra Mundial. <span>Para o nazismo, os judeus eram os grandes culpados pela crise do país passara no Período Entreguerras, devendo, portanto, ser combatidos. Antes da eclosão da guerra, políticas segregacionistas já eram colocadas em prática pelos nazistas, como a obrigatoriedade da identificação pelo uso de uma Estrela de Davi, símbolo reli




Criação da ONU
#guerra #mundial #segunda
Outra consequência da guerra foi a criação, em 1945, da Organização das Nações Unidas (ONU), cujo objetivo é mediar conflitos entre países a fim de evitar novas guerras.
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Segunda Guerra Mundial - História - InfoEscola
Segunda Guerra Mundial, deixando cerca de 50 milhões de mortos e 35 milhões de feridos. Os países vencedores levaram oficiais nazistas a julgamento no Tribunal de Nuremberg, criado para esse fim, sob acusação de crimes contra a humanidade. <span>Outra consequência da guerra foi a criação, em 1945, da Organização das Nações Unidas (ONU), cujo objetivo é mediar conflitos entre países a fim de evitar novas guerras. Referências: HOBSBAWN, Eric. Era dos Extremos: O Breve Século XX (1914-1991) . São Paulo: Companhia das Letras. 2009. RODRIGUES, Joelza Esther. Projeto Athos: História, 9º ano . São




#guerra #mundial #segunda
No dia 6 de junho de 1944, os Aliados desembarcaram na Normandia, França, na operação que ficou conhecida como “Dia D”. Era o início da libertação francesa e, no fim da agosto, Paris estava livre.
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Segunda Guerra Mundial - História - InfoEscola
nia, Tchecoslováquia e Iugoslávia. Na África, Egito Marrocos e Argélia foram conquistados pelos forças Aliadas. Em julho do mesmo ano, Vitor Emanuel III, rei da Itália, destituiu Mussolini do governo e assinou a rendição italiana aos Aliados. <span>No dia 6 de junho de 1944, os Aliados desembarcaram na Normandia, França, na operação que ficou conhecida como “Dia D”. Era o início da libertação francesa e, no fim da agosto, Paris estava livre. Em 2 de maio de 1945, soviéticos e estadunidenses tomaram Berlim, dois dias depois do suicídio de Hitler e do alto-comando do Partido Nazista. Iniciou-se o processo de rendição das trop




Hiroshima e nagasaki
#guerra #mundial #segunda
Só o Japão resistia, mas, em agosto, diante das bombas atômicas jogadas pelos Estados Unidos em Hiroshima e Nagasaki, o imperador Hirohito se rendeu aos Aliados.
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Segunda Guerra Mundial - História - InfoEscola
e. Em 2 de maio de 1945, soviéticos e estadunidenses tomaram Berlim, dois dias depois do suicídio de Hitler e do alto-comando do Partido Nazista. Iniciou-se o processo de rendição das tropas nazistas, colocando, assim, fim à guerra na Europa. <span>Só o Japão resistia, mas, em agosto, diante das bombas atômicas jogadas pelos Estados Unidos em Hiroshima e Nagasaki, o imperador Hirohito se rendeu aos Aliados. Chegava ao fim a Segunda Guerra Mundial, deixando cerca de 50 milhões de mortos e 35 milhões de feridos. Os países vencedores levaram oficiais nazistas a julgamento no Tribunal de Nur




#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Suppose that the slope of Warren’s indifference curve at point a is equal to −2, and the slope of Smith’s indifference curve at point a is equal to – 1/2 . Warren is willing to give up 2 ounces of wine for 1 slice of bread, and Smith is willing to give up only 1/2 ounce of wine for 1 slice of bread. But that means she would be willing to give up 2 slices of bread for 1 ounce of wine. What would happen if Warren and Smith are allowed to exchange bread for wine? Suppose they are allowed to exchange at the ratio of one ounce of wine for one slice of bread. Would they both agree to an exchange at that ratio? Yes. Warren would be willing to give up two ounces of wine for a slice of bread, so he would certainly be willing to give up only one ounce of wine for one slice of bread. Correspondingly, Smith would be willing to give up two slices of bread for one ounce of wine, so she would certainly be willing to give up only one slice of bread for one ounce of wine. If they actually made such a trade at the one-to-one ratio, then Smith would end up with more wine and less bread than she started with, and Warren would end up with more bread and less wine than he started with.
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3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
ill have different marginal rates of substitution when evaluated at identical bundles. Here, Warren has a relatively strong preference for bread because he is willing to give up more wine for another slice of bread than is Smith. <span>Suppose that the slope of Warren’s indifference curve at point a is equal to −2, and the slope of Smith’s indifference curve at point a is equal to – 1/2 . Warren is willing to give up 2 ounces of wine for 1 slice of bread, and Smith is willing to give up only 1/2 ounce of wine for 1 slice of bread. But that means she would be willing to give up 2 slices of bread for 1 ounce of wine. What would happen if Warren and Smith are allowed to exchange bread for wine? Suppose they are allowed to exchange at the ratio of one ounce of wine for one slice of bread. Would they both agree to an exchange at that ratio? Yes. Warren would be willing to give up two ounces of wine for a slice of bread, so he would certainly be willing to give up only one ounce of wine for one slice of bread. Correspondingly, Smith would be willing to give up two slices of bread for one ounce of wine, so she would certainly be willing to give up only one slice of bread for one ounce of wine. If they actually made such a trade at the one-to-one ratio, then Smith would end up with more wine and less bread than she started with, and Warren would end up with more bread and less wine than he started with. We could say that Warren is better off by the value to him of one ounce of wine because he was willing to give up two ounces but only had to give up one ounce for his slice




#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4

Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRSBD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRSBD equals 1.25.

  1. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books.

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3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
trade one good for the other that made trading beneficial to both. But if they trade to a pair of bundles at which their MRSs are equal, then trading will cease. EXAMPLE 3 Understanding Voluntary Exchange <span>Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books. State and justify whether Smith or Warren has a relatively stronger preference for books. Determine whether Smith or Warren would end up with more discs




Flashcard 1432273161484

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question

Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRSBD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRSBD equals 1.25.

Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books.

Answer
Warren’s MRSBD equals 1.25, meaning that he is willing to give up 1.25 discs for 1 more book. Another way to say this is that Warren requires at least 1.25 discs to compensate him for giving up 1 book. Because Smith only offers one disc, Warren will not accept the offer. (Of course, Smith would not voluntarily give up one disc for one of Warren’s books. Her MRSBD is only 0.8, meaning that she would be willing to give up, at most, 0.8 disc for a book; so she would not have offered one disc for a book anyway.)

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>Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books.<body><html>

Original toplevel document

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
trade one good for the other that made trading beneficial to both. But if they trade to a pair of bundles at which their MRSs are equal, then trading will cease. EXAMPLE 3 Understanding Voluntary Exchange <span>Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books. State and justify whether Smith or Warren has a relatively stronger preference for books. Determine whether Smith or Warren would end up with more discs







Flashcard 1432275520780

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question

Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRSBD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRSBD equals 1.25.

State and justify whether Smith or Warren has a relatively stronger preference for books.
Answer
Because Warren is willing to give up 1.25 discs for a book and Smith is willing to give up only 0.8 disc for a book, Warren has a relatively stronger preference for books.

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Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books.

Original toplevel document

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
trade one good for the other that made trading beneficial to both. But if they trade to a pair of bundles at which their MRSs are equal, then trading will cease. EXAMPLE 3 Understanding Voluntary Exchange <span>Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books. State and justify whether Smith or Warren has a relatively stronger preference for books. Determine whether Smith or Warren would end up with more discs







Flashcard 1432277880076

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question
Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRSBD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRSBD equals 1.25.

Determine whether Smith or Warren would end up with more discs than he/she had to begin with, assuming they were allowed to exchange at the rate of 1 book for 1 disc. Justify your answer.
Answer
Smith would have more discs than she originally had. Because Smith has a relatively stronger preference for discs and Warren has a relatively stronger preference for books, Smith would trade books for discs and so would end up with more discs.

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Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books.

Original toplevel document

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
trade one good for the other that made trading beneficial to both. But if they trade to a pair of bundles at which their MRSs are equal, then trading will cease. EXAMPLE 3 Understanding Voluntary Exchange <span>Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MRS BD equals 0.8 (i.e., she is willing to give up 0.8 disc for 1 book), and Warren’s MRS BD equals 1.25. Determine whether Warren would accept the trade of 1 of Smith’s discs in exchange for 1 of his books. State and justify whether Smith or Warren has a relatively stronger preference for books. Determine whether Smith or Warren would end up with more discs







#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
As Smith gives up slices of bread for more ounces of wine, her MRSBW increases; her indifference curve becomes steeper. Simultaneously, as Warren gives up ounces of wine for more slices of bread, his MRSBW decreases; his indifference curve becomes less steep. Eventually, if they continue to trade, their MRSs will reach equality and there will be no further gains to be achieved from additional exchange. Initially, it was the differences in their willingness to trade one good for the other that made trading beneficial to both. But if they trade to a pair of bundles at which their MRSs are equal, then trading will cease.
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3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
There is no more bread or wine than when they began, but there is greater wealth because both are better off than before they traded with each other. Both Smith and Warren ended on higher indifference curves than when they began. <span>As Smith gives up slices of bread for more ounces of wine, her MRS BW increases; her indifference curve becomes steeper. Simultaneously, as Warren gives up ounces of wine for more slices of bread, his MRS BW decreases; his indifference curve becomes less steep. Eventually, if they continue to trade, their MRSs will reach equality and there will be no further gains to be achieved from additional exchange. Initially, it was the differences in their willingness to trade one good for the other that made trading beneficial to both. But if they trade to a pair of bundles at which their MRSs are equal, then trading will cease. EXAMPLE 3 Understanding Voluntary Exchange Helen Smith and Tom Warren have identical baskets containing books (B) and compact discs (D). Smith’s MR




Flashcard 1432282074380

Tags
#13-dic-2016 #el-financiero
Question
El Banxico decidió desde hace algunos años publicar los estados financieros completos cada [...].
Answer
tres meses

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El Banxico decidió desde hace algunos años publicar los estados financieros completos cada tres meses. Una tercera avenida dentro de esta mayor apertura es el hecho de que ahora los miembros de la Junta —en particular yo— valoramos mucho la posibilidad de comunicar las decisiones de pol

Original toplevel document

Carstens fue muy importante, pero el Banxico va a seguir
a. La discusión que acompaña la decisión que se muestra en la minuta enriquece la comprensión del público respecto a las razones por la que se toma una u otra decisión. Otro aspecto es la rendición de cuentas en materia financiera. <span>El Banxico decidió desde hace algunos años publicar los estados financieros completos cada tres meses. Una tercera avenida dentro de esta mayor apertura es el hecho de que ahora los miembros de la Junta —en particular yo— valoramos mucho la posibilidad de comunicar las decisiones de política monetaria y nuestra visión de la economía en diferentes foros. ___¿Qué tan relevantes son los individuos dentro de la Junta de Gobierno del Banxico? ___Me he hecho esta reflexión en las últimas semanas. Yo escuchaba esta frase







Flashcard 1432284433676

Tags
#13-dic-2016 #internacional #mural
Question
La política de "una sola China" hace referencia a las relaciones [...], y es vista como un interés fundamental y principio imprescindible por Beijing.
Answer
chino-taiwanesas

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La política de "una sola China" hace referencia a las relaciones chino-taiwanesas, y es vista como un interés fundamental y principio imprescindible por Beijing. Durante las últimas cuatro décadas, sin importar la ideología de las sucesivas administraciones, Estados

Original toplevel document

¿Qué es una sola China?
La política de "una sola China" hace referencia a las relaciones chino-taiwanesas, y es vista como un interés fundamental y principio imprescindible por Beijing. Durante las últimas cuatro décadas, sin importar la ideología de las sucesivas administraciones, Estados Unidos respetó ese principio. Sin embargo, el ahora Presidente electo, Donald Trump, amenazó con dejar de aceptarlo, lo cual podría afectar gravemente la relación entre China y Estados Unidos. Es el reconocimiento de que existe un único país en el mundo llamado China, y su representante es el Gobierno de Beijing. Estados Unidos y el resto de los países que lo acep







Flashcard 1432286792972

Tags
#13-dic-2016 #internacional #mural
Question
En 1949, las Fuerzas comunistas de Mao Zedong se habían impuesto en la Guerra Civil de China. Derrotados, los nacionalistas del Presidente Chiang Kai-shek buscaron refugio en la isla de [...], donde establecieron su propio gobierno, que denominaron República de China.
Answer
Taiwán

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En 1949, las Fuerzas comunistas de Mao Zedong se habían impuesto en la Guerra Civil de China. Derrotados, los nacionalistas del Presidente Chiang Kai-shek buscaron refugio en la isla de Taiwán, donde establecieron su propio gobierno, que denominaron República de China. En Beijing, los triunfadores proclamaron la República Popular China. Cada parte aseguraba representar a toda

Original toplevel document

¿Qué es una sola China?
bases de la política exterior de China, un país que vivió de manera traumática la pérdida de territorio a manos de las potencias extranjeras durante su siglo de oprobio, entre mediados del siglo 19 y 1949. ¿CUAL ES SU ORIGEN? <span>En 1949, las Fuerzas comunistas de Mao Zedong se habían impuesto en la Guerra Civil de China. Derrotados, los nacionalistas del Presidente Chiang Kai-shek buscaron refugio en la isla de Taiwán, donde establecieron su propio gobierno, que denominaron República de China. En Beijing, los triunfadores proclamaron la República Popular China. Cada parte aseguraba representar a toda China y ser su verdadero gobierno. Estados Unidos, que había apoyado a Chiang durante la Guerra Civil, reconoció a la RC. Los países del bloque comunista, a la RPC. Las diferencias ideológicas entre las dos grandes potencias comunistas, China y la Unión Soviética, crearon un espacio para el acercamiento entre Beijing y Washington durante la presidencia de Richard Nixon. Un acercamiento que se consolidó con el restablecimiento de relaciones en 1972. En 1979, Estados Unidos dejó de mantener relaciones diplomáticas con Taiwán, un paso que han seguido la mayoría de las naciones. ¿Qué consecuencias ha tenido para Taiwán? En la actualidad, Taiwán sólo mantiene relaciones diplomáticas con 22 Estados, la mayoría de ellos en África y América Latina







Flashcard 1432289938700

Tags
#blue-apron #business-model #citychef #operational-model
Question
Blue Apron built its model on the idea of [...].
Answer
reducing food waste

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Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows th

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432292297996

Tags
#blue-apron #business-model #citychef #operational-model
Question
At each fulfilment center, workers on assembly lines pack boxes to be delivered anywhere from [...] later.
Answer
1-7 days

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n>Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from <span>1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per we

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432294657292

Tags
#blue-apron #business-model #citychef #operational-model
Question
Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a [...] for a [...].
Answer
slightly lower price

guaranteed volume

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ilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a <span>slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432297016588

Tags
#blue-apron #business-model #citychef #operational-model
Question
By only offering [...] recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste.
Answer
6

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y, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering <span>6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432299638028

Tags
#rules-of-formulating-knowledge
Question
Rule no 1
Answer
Do Not Learn If You Dont Understand

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Article 1432310385932

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-4-the-opportunity-set #study-session-4

Above, we have examined the trade-offs that economic actors (e.g., consumers, companies, investors) are willing to make. In this section, we recognize that circumstances almost always impose constraints on the trade-offs that these actors are able to make. In other words, we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity: There is simply not enough of everything to satisfy the needs and desires of everyone at a given time. Consumers must generally purchase goods and services with their limited incomes and at given market prices. Companies, too, must divide their limited input resources in order to produce different products. Investors are not able to choose both high returns and low risk simultaneously. Choices must be made, and here we examine how to represent the set of choices from which to choose. 4.1. The Budget Constraint Previously, we examined what would happen if Warren and Smith were each given an endowment of br



#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-4-the-opportunity-set #study-session-4
Above, we have examined the trade-offs that economic actors (e.g., consumers, companies, investors) are willing to make.
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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
Above, we have examined the trade-offs that economic actors (e.g., consumers, companies, investors) are willing to make. In this section, we recognize that circumstances almost always impose constraints on the trade-offs that these actors are able to make. In other words, we need to explore how to model t




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we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity
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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
ade-offs that economic actors (e.g., consumers, companies, investors) are willing to make. In this section, we recognize that circumstances almost always impose constraints on the trade-offs that these actors are able to make. In other words, <span>we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity: There is simply not enough of everything to satisfy the needs and desires of everyone at a given time. Consumers must generally purchase goods and services with their limited incomes a




Flashcard 1432316153100

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Question
In Section 4, The opportunity set, we explore how to model the constraints on behavior that are imposed by the fact that we live in a world of [...]
Answer
scarcity

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we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
ade-offs that economic actors (e.g., consumers, companies, investors) are willing to make. In this section, we recognize that circumstances almost always impose constraints on the trade-offs that these actors are able to make. In other words, <span>we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity: There is simply not enough of everything to satisfy the needs and desires of everyone at a given time. Consumers must generally purchase goods and services with their limited incomes a







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Consumers must generally purchase goods and services with their limited incomes and at given market prices. Companies, too, must divide their limited input resources in order to produce different products. Investors are not able to choose both high returns and low risk simultaneously.
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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
other words, we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity: There is simply not enough of everything to satisfy the needs and desires of everyone at a given time. <span>Consumers must generally purchase goods and services with their limited incomes and at given market prices. Companies, too, must divide their limited input resources in order to produce different products. Investors are not able to choose both high returns and low risk simultaneously. Choices must be made, and here we examine how to represent the set of choices from which to choose. 4.1. The Budget Constraint Previously, we examined w




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Let Warren’s income be given by I, the price he must pay for a slice of bread be PB, and the price he must pay for an ounce of wine be PW. Warren has freedom to spend his income any way he chooses, so long as the expenditure on bread plus the expenditure on wine does not exceed his income per time period. We can represent this income constraint (or budget constraint ) with the following expression:

Equation (3) 

PBQB + PWQWI

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
nd wine and were allowed to exchange at some pre-determined ratio. Although that circumstance is possible, a more realistic situation would be if Warren or Smith had a given income with which to purchase bread and wine at fixed market prices. <span>Let Warren’s income be given by I, the price he must pay for a slice of bread be P B , and the price he must pay for an ounce of wine be P W . Warren has freedom to spend his income any way he chooses, so long as the expenditure on bread plus the expenditure on wine does not exceed his income per time period. We can represent this income constraint (or budget constraint ) with the following expression: Equation (3)  P B Q B + P W Q W ≤ I This expression simply constrains Warren to spend, in total, no more than his income. At this stage of our analysis, we are assuming a one-period model. In effect, then, Wa




Flashcard 1432321658124

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Question

Let Warren’s income be given by I, the price he must pay for a slice of bread be PB, and the price he must pay for an ounce of wine be PW. Warren has freedom to spend his income any way he chooses, so long as the expenditure on bread plus the expenditure on wine does not exceed his income per time period. We can represent this [...] ) with the following expression:

Equation (3) 

PBQB + PWQWI


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the price he must pay for an ounce of wine be P W . Warren has freedom to spend his income any way he chooses, so long as the expenditure on bread plus the expenditure on wine does not exceed his income per time period. We can represent this <span>income constraint (or budget constraint ) with the following expression: Equation (3)  P B Q B + P W Q W ≤ I<span><body><html>

Original toplevel document

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
nd wine and were allowed to exchange at some pre-determined ratio. Although that circumstance is possible, a more realistic situation would be if Warren or Smith had a given income with which to purchase bread and wine at fixed market prices. <span>Let Warren’s income be given by I, the price he must pay for a slice of bread be P B , and the price he must pay for an ounce of wine be P W . Warren has freedom to spend his income any way he chooses, so long as the expenditure on bread plus the expenditure on wine does not exceed his income per time period. We can represent this income constraint (or budget constraint ) with the following expression: Equation (3)  P B Q B + P W Q W ≤ I This expression simply constrains Warren to spend, in total, no more than his income. At this stage of our analysis, we are assuming a one-period model. In effect, then, Wa







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Assuming a one-period model Warren has no reason not to spend all of his income so the weak inequality becomes a strict equality, as shown in Equation 4, because there would be no reason for Warren to save any of his income if there is “no tomorrow.”

Equation (4) 

PBQB + PWQW = I

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
the expenditure on wine does not exceed his income per time period. We can represent this income constraint (or budget constraint ) with the following expression: Equation (3)  P B Q B + P W Q W ≤ I <span>This expression simply constrains Warren to spend, in total, no more than his income. At this stage of our analysis, we are assuming a one-period model. In effect, then, Warren has no reason not to spend all of his income. The weak inequality becomes a strict equality, as shown in Equation 4, because there would be no reason for Warren to save any of his income if there is “no tomorrow.” Equation (4)  P B Q B + P W Q W = I From this equation, we see that if Warren were to spend all of his income only on bread, he could buy I/P B slices of bread. Or if he were to confine his expenditure to wi




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Question

Assuming a one-period model Warren has no reason not to spend all of his income so the weak inequality becomes a strict equality, as shown in Equation 4, because there would be no reason for Warren to save any of his income if there is “no tomorrow.”

Equation (4) 

[...]
Answer
PBQB + PWQW = I

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not to spend all of his income so the weak inequality becomes a strict equality, as shown in Equation 4, because there would be no reason for Warren to save any of his income if there is “no tomorrow.” Equation (4)  <span>P B Q B + P W Q W = I <span><body><html>

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
the expenditure on wine does not exceed his income per time period. We can represent this income constraint (or budget constraint ) with the following expression: Equation (3)  P B Q B + P W Q W ≤ I <span>This expression simply constrains Warren to spend, in total, no more than his income. At this stage of our analysis, we are assuming a one-period model. In effect, then, Warren has no reason not to spend all of his income. The weak inequality becomes a strict equality, as shown in Equation 4, because there would be no reason for Warren to save any of his income if there is “no tomorrow.” Equation (4)  P B Q B + P W Q W = I From this equation, we see that if Warren were to spend all of his income only on bread, he could buy I/P B slices of bread. Or if he were to confine his expenditure to wi








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if Warren were to spend all of his income only on bread, he could buy I/PB slices of bread. Or if he were to confine his expenditure to wine alone, he could buy I/PW ounces of wine. Alternatively, he could spread his income across bread and wine expenditures any way he chooses. Graphically, then, his budget constraint would appear as
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The budget constraint shows all the combinations of bread and wine that the consumer could purchase with a fixed amount of income, I, paying prices PB and PW, respectively.
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A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope:

Equation (5) 

QW=IPW−PBPWQB

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
aint Note: The budget constraint shows all the combinations of bread and wine that the consumer could purchase with a fixed amount of income, I, paying prices P B and P W , respectively. <span>A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5)  QW=IPW−PBPWQB Notice that the slope of the budget constraint is equal to –P B /P W , and it shows the amount of wine that Warren would have to give up if he were to purchase another sli




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Question

A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope:

Equation (5) 

[...]

Answer
QW=I/PW−(PB/PW)*QB

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A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5)  QW=IPW−PBPWQB

Original toplevel document

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
aint Note: The budget constraint shows all the combinations of bread and wine that the consumer could purchase with a fixed amount of income, I, paying prices P B and P W , respectively. <span>A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5)  QW=IPW−PBPWQB Notice that the slope of the budget constraint is equal to –P B /P W , and it shows the amount of wine that Warren would have to give up if he were to purchase another sli








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QW=I/PW−((PB/PW)*(QB))

Notice that the slope of the budget constraint is equal to –PB /PW, and it shows the amount of wine that Warren would have to give up if he were to purchase another slice of bread. If the price of bread were to rise, the budget constraint would become steeper, pivoting through the vertical intercept. Alternatively, if the price of wine were to rise, the budget constraint would become less steep, pivoting downward through the horizontal intercept. If income were to rise, the entire budget constraint would shift outward, parallel to the original constraint, as shown in Exhibit 7

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Budget constraint
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Smith has $60 to spend on bread and wine per month, the price of a slice of bread is $0.50, and the price of an ounce of wine is $0.75.

She could buy 120 slices of bread with all her income or up to 80 ounces of wine.

She can spend half her income on each good (60 slices of bread and 40 ounces of wine)
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Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram.

  1. Calculate Nigel’s budget constraint.

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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
nt Note: This exhibit shows Smith’s budget constraint if she has an income of $60 and must pay $0.50 per slice of bread and $0.75 per ounce of wine. EXAMPLE 4 The Budget Constraint <span>Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram. Calculate Nigel’s budget constraint. Construct a diagram of Nigel’s budget constraint. Determine the slope of Nigel’s budget constraint. Solution to 1: &#13




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Question

Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram.

Calculate Nigel’s budget constraint.

Answer
The budget constraint is simply that the sum of the expenditure on cod plus the expenditure on lamb be equal to his budget: 128 = 16 QC + 10 QL. Rearranging, it can also be written in intercept slope form: QC = 128/PC – (PL/PC) QL = 8 – 0.625 QL.

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Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram. Calculate Nigel’s budget constraint.

Original toplevel document

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
nt Note: This exhibit shows Smith’s budget constraint if she has an income of $60 and must pay $0.50 per slice of bread and $0.75 per ounce of wine. EXAMPLE 4 The Budget Constraint <span>Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram. Calculate Nigel’s budget constraint. Construct a diagram of Nigel’s budget constraint. Determine the slope of Nigel’s budget constraint. Solution to 1: &#13







Flashcard 1432350756108

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Question
Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram.

Construct a diagram of Nigel’s budget constraint.
Answer
We can choose to measure either commodity on the vertical axis, so we arbitrarily choose cod. Note that if Nigel spends his entire budget on cod, he could buy 8kg. On the other hand, if he chooses to spend the entire budget on lamb, he could buy 12.8kg. Of course, he could spread his £128 between the two goods in any proportions he chooses, so the budget constraint is drawn as follows:

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Flashcard 1432352591116

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Question
Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram.

Determine the slope of Nigel’s budget constraint.
Answer
With quantity of cod measured on the vertical axis, the slope is equal to –(PL/PC) = –10/16 = –0.625. (Note: If we had chosen to measure quantity of lamb on the vertical axis, the slope would be inverted: –(PC/PL) = −1.6.)

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Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram. Calculate Nigel’s budget constraint.

Original toplevel document

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
nt Note: This exhibit shows Smith’s budget constraint if she has an income of $60 and must pay $0.50 per slice of bread and $0.75 per ounce of wine. EXAMPLE 4 The Budget Constraint <span>Nigel’s Pub has a total budget of £128 per week to spend on cod and lamb. The price of cod is £16 per kilogram, and the price of lamb is £10 per kilogram. Calculate Nigel’s budget constraint. Construct a diagram of Nigel’s budget constraint. Determine the slope of Nigel’s budget constraint. Solution to 1: &#13







Article 1432361766156

Trump y el efecto de “huevo revuelto”
#19-dic-2016 #el-financiero #enrique-quintana #noticias

La frase se la escuché a Pedro Aspe: “en un huevo revuelto trate de usted de separar la yema de la clara. Simplemente no es posible. Así está buena parte de la industria manufacturera de Norteamérica”. Gravar las exportaciones de México a EU será gravar también a las exportaciones de EU a México. Si se suman las exportaciones e importaciones del comercio intrafirma de las empresas multinacionales de EU establecidas en México, superan los 100 mil millones de dólares anuales. Se estima que, las exportaciones manufactureras mexicanas tengan en promedio un 40 por ciento de componentes producidos en Estados Unidos. Un ejemplo de esta integración lo da la Ford y el modelo F-150 se convirtió en un caso. La planta de Essex en Windsor, Canadá, se convirtió en la sede de la producción del modelo Tritón, de 8 cilindros, mientras que en IMMSA, empresa regiomontana se fabrica el chasis denominado M450. La posibilidad de que la Ford en EU, tenga un modelo competitivo para enfrentar a competidores como Toyot



#19-dic-2016 #el-financiero #enrique-quintana #noticias
Si se suman las exportaciones e importaciones del comercio intrafirma de las empresas multinacionales de EU establecidas en México, superan los 100 mil millones de dólares anuales.
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Trump y el efecto de “huevo revuelto”
separar la yema de la clara. Simplemente no es posible. Así está buena parte de la industria manufacturera de Norteamérica”. Gravar las exportaciones de México a EU será gravar también a las exportaciones de EU a México. <span>Si se suman las exportaciones e importaciones del comercio intrafirma de las empresas multinacionales de EU establecidas en México, superan los 100 mil millones de dólares anuales. Se estima que, las exportaciones manufactureras mexicanas tengan en promedio un 40 por ciento de componentes producidos en Estados Unidos. Un ejemplo de esta integ




#19-dic-2016 #el-financiero #enrique-quintana #noticias
Gravar las exportaciones de México a EU será gravar también a las exportaciones de EU a México.
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Trump y el efecto de “huevo revuelto”
head><head>La frase se la escuché a Pedro Aspe: “en un huevo revuelto trate de usted de separar la yema de la clara. Simplemente no es posible. Así está buena parte de la industria manufacturera de Norteamérica”. Gravar las exportaciones de México a EU será gravar también a las exportaciones de EU a México. Si se suman las exportaciones e importaciones del comercio intrafirma de las empresas multinacionales de EU establecidas en México, superan los 100 mil millones de dólares an




#19-dic-2016 #el-financiero #enrique-quintana #noticias
Un ejemplo de esta integración lo da la Ford y el modelo F-150 se convirtió en un caso. La planta de Essex en Windsor, Canadá, se convirtió en la sede de la producción del modelo Tritón, de 8 cilindros, mientras que en IMMSA, empresa regiomontana se fabrica el chasis denominado M450.
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Trump y el efecto de “huevo revuelto”
es de EU establecidas en México, superan los 100 mil millones de dólares anuales. Se estima que, las exportaciones manufactureras mexicanas tengan en promedio un 40 por ciento de componentes producidos en Estados Unidos. <span>Un ejemplo de esta integración lo da la Ford y el modelo F-150 se convirtió en un caso. La planta de Essex en Windsor, Canadá, se convirtió en la sede de la producción del modelo Tritón, de 8 cilindros, mientras que en IMMSA, empresa regiomontana se fabrica el chasis denominado M450. La posibilidad de que la Ford en EU, tenga un modelo competitivo para enfrentar a competidores como Toyota, depende de la cadena de suministro que incluye toda Norteamérica.




#19-dic-2016 #el-financiero #enrique-quintana #noticias
México debe fortalecer su posición negociadora acercándose a la otra superpotencia comercial: China.
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Trump y el efecto de “huevo revuelto”
rimiendo cómo conseguir aumentar la competitividad de América del Norte, en particular en el contexto de un dólar fortalecido que le ha restado competitividad a su industria. Sin embargo, como le hemos comentado en otras ocasiones, <span>México debe fortalecer su posición negociadora acercándose a la otra superpotencia comercial: China. El arribo de la empresa petrolera china CNOOC, que invertirá cerca de 8 mil millones de dólares en el Golfo de México, multiplicará por 40 veces la inversión china acumulada




Flashcard 1432369368332

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#17-dic-2016 #el-financiero #noticias
Question
El jueves el Banco Central de México elevó elevó [...] puntos base su tasa de interés para llegar a 5.75 por ciento.
Answer
50

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El jueves el Banco Central de México elevó elevó 50 puntos base su tasa de interés, al pasar de 5.25 por ciento a 5.75 por ciento. Es su nivel más alto desde mayo de 2009, cuando estaba en 6 por ciento.

Original toplevel document

Empeoran pronósticos para México en 2017
En la encuesta de noviembre estimaban una inflación de 4.01 por ciento. Respecto a la tasa interés del Banco de México se espera crezca a 6.46 por ciento, desde el 6.38 por ciento pronosticado previamente. <span>El jueves el Banco Central de México elevó elevó 50 puntos base su tasa de interés, al pasar de 5.25 por ciento a 5.75 por ciento. Es su nivel más alto desde mayo de 2009, cuando estaba en 6 por ciento. En la encuesta se consultaron a 33 grupos de análisis y consultoría económica del sector privado nacional y extranjero. Las respuestas se recibieron entre los días 6 y 14 de







Article 1432371727628

Impacta a Pymes alza en las tasas
#19-dic-2016 #el-financiero #noticias

Las pequeñas y medianas empresas están en riesgo por el ciclo alcista de las tasas de interés, por lo que líderes empresariales llamaron a fortalecer el crédito a costo y plazos competitivos y que se implementen políticas públicas para evitar la insolvencia. El ciclo alcista de las tasas de interés impacta al sector productivo pero las pequeñas y medianas empresas son las más expuestas al frenar sus proyectos productivos, limitar su competitividad y en algunos casos son las que presentan un mayor riesgo de insolvencia, señalaron líderes empresariales, quienes indicaron que ante la actual coyuntura es necesario un plan de apoyo al financiamiento. Datos de la Comisión Nacional Bancaria y de Valores (CNBV) muestran que entre octubre de 2015 y el mismo mes de este año las tasas de interés para las empresas grandes se elevaron de 5.64 a 7.14 por ciento en promedio, 1.5 puntos más. En las pequeñas empresas el aumento fue mayor, de 1.65 puntos, al pasar de 8.6 a 10.25 y en las medianas pasó de 6.93 a



#19-dic-2016 #el-financiero #noticias
Datos de la Comisión Nacional Bancaria y de Valores (CNBV) muestran que entre octubre de 2015 y el mismo mes de este año las tasas de interés para las empresas grandes se elevaron de 5.64 a 7.14 por ciento en promedio, 1.5 puntos más.
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Impacta a Pymes alza en las tasas
, limitar su competitividad y en algunos casos son las que presentan un mayor riesgo de insolvencia, señalaron líderes empresariales, quienes indicaron que ante la actual coyuntura es necesario un plan de apoyo al financiamiento. <span>Datos de la Comisión Nacional Bancaria y de Valores (CNBV) muestran que entre octubre de 2015 y el mismo mes de este año las tasas de interés para las empresas grandes se elevaron de 5.64 a 7.14 por ciento en promedio, 1.5 puntos más. En las pequeñas empresas el aumento fue mayor, de 1.65 puntos, al pasar de 8.6 a 10.25 y en las medianas pasó de 6.93 a 8.66 por ciento, 1.73 puntos más. “Hablamos




#19-dic-2016 #el-financiero #noticias
En las pequeñas empresas el aumento fue mayor, de 1.65 puntos, al pasar de 8.6 a 10.25 y en las medianas pasó de 6.93 a 8.66 por ciento, 1.73 puntos más.
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Impacta a Pymes alza en las tasas
os de la Comisión Nacional Bancaria y de Valores (CNBV) muestran que entre octubre de 2015 y el mismo mes de este año las tasas de interés para las empresas grandes se elevaron de 5.64 a 7.14 por ciento en promedio, 1.5 puntos más. <span>En las pequeñas empresas el aumento fue mayor, de 1.65 puntos, al pasar de 8.6 a 10.25 y en las medianas pasó de 6.93 a 8.66 por ciento, 1.73 puntos más. “Hablamos de incentivos o apoyos en financiamientos que requieren las empresas para convertirse en proveedoras de las cadenas globales y de un programa adicional para el fina




Flashcard 1432377756940

Tags
#italian #italian-grammar
Question
When one person, object or activity is compared with another a [...] form is used.
Answer
comparative

mia figlia nuota meglio della sua ‘my daughter swims better than hers’;

la pasta napoletana è migliore di quella siciliana ‘Neapolitan pasta is better than Sicilian pasta’.

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When one person, object or activity is compared with another a comparative form is used: mia figlia nuota meglio della sua ‘my daughter swims better than hers’; la pasta napoletana è migliore di quella siciliana ‘Neapolitan pasta is better than Sicilian pasta’

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Flashcard 1432379329804

Tags
#comparative #italian #italian-grammar
Question
mia figlia nuota meglio della sua
Answer
my daughter swims better than hers

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When one person, object or activity is compared with another a comparative form is used: mia figlia nuota meglio della sua ‘my daughter swims better than hers’; la pasta napoletana è migliore di quella siciliana ‘Neapolitan pasta is better than Sicilian pasta’.

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Flashcard 1432381689100

Tags
#comparative #italian #italian-grammar
Question
la pasta napoletana è migliore di quella siciliana
Answer
Neapolitan pasta is better than Sicilian pasta

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When one person, object or activity is compared with another a comparative form is used: mia figlia nuota meglio della sua ‘my daughter swims better than hers’; la pasta napoletana è migliore di quella siciliana ‘Neapolitan pasta is better than Sicilian pasta’.

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Flashcard 1432385096972

Tags
#italian #italian-grammar
Question
This refers to the way in which verb forms change according to the person, tense or mood
Answer
Conjugation

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This refers to the way in which verb forms change according to the person, tense or mood: (io) vado ‘I go’; (noi) andremo ‘we will go’; le ragazze sono andate ‘the girls went’; voleva che io andassi a casa sua ‘he wanted me to go to his house’; etc. The word conjugation is

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Flashcard 1432387456268

Tags
#italian #italian-grammar
Question
I go
Answer
(io) vado

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This refers to the way in which verb forms change according to the person, tense or mood: (io) vado ‘I go’; (noi) andremo ‘we will go’; le ragazze sono andate ‘the girls went’; voleva che io andassi a casa sua ‘he wanted me to go to his house’; etc. The word conjugation is also used to mean

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Flashcard 1432389815564

Tags
#conjugation #italian #italian-grammar
Question
(noi) andremo
Answer
we will go

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This refers to the way in which verb forms change according to the person, tense or mood: (io) vado ‘I go’; (noi) andremo ‘we will go’; le ragazze sono andate ‘the girls went’; voleva che io andassi a casa sua ‘he wanted me to go to his house’; etc. The word conjugation is also used to mean the regular patterns of ver

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Flashcard 1432392174860

Tags
#italian #italian-grammar
Question
le ragazze sono andate
Answer
the girls went

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This refers to the way in which verb forms change according to the person, tense or mood: (io) vado ‘I go’; (noi) andremo ‘we will go’; le ragazze sono andate ‘the girls went’; voleva che io andassi a casa sua ‘he wanted me to go to his house’; etc. The word conjugation is also used to mean the regular patterns of verbs ending in -are, -ere, -ire to which ve

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Flashcard 1432394534156

Tags
#italian #italian-grammar
Question
voleva che io andassi a casa sua
Answer
he wanted me to go to his house

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>This refers to the way in which verb forms change according to the person, tense or mood: (io) vado ‘I go’; (noi) andremo ‘we will go’; le ragazze sono andate ‘the girls went’; voleva che io andassi a casa sua ‘he wanted me to go to his house’; etc. The word conjugation is also used to mean the regular patterns of verbs ending in -are, -ere, -ire to which verbs belong.<html>

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Flashcard 1432396893452

Tags
#italian #italian-grammar
Question
The word conjugation is also used to mean the regular patterns of verbs ending in [...] , [...] , [...] to which verbs belong.
Answer
-are, -ere, -ire

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(io) vado ‘I go’; (noi) andremo ‘we will go’; le ragazze sono andate ‘the girls went’; voleva che io andassi a casa sua ‘he wanted me to go to his house’; etc. The word conjugation is also used to mean the regular patterns of verbs ending in <span>-are, -ere, -ire to which verbs belong.<span><body><html>

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Flashcard 1432400301324

Tags
#conjunction #italian #italian-grammar
Question
What is a conjunction
Answer
A linking or joining word, usually linking two words, phrases or clauses within a sentence.

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A linking or joining word, usually linking two words, phrases or clauses within a sentence: Marco e Davide ‘Marco and Davide’; con amore ma con disciplina ‘with love but with discipline’; sono andata a letto perché ero stanca ‘I went to bed because I was tired’; i giudici dicono che bisogna

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Flashcard 1432402660620

Tags
#conjunction #italian #italian-grammar
Question
sono andata a letto perché ero stanca
Answer
I went to bed because I was tired

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ody>A linking or joining word, usually linking two words, phrases or clauses within a sentence: Marco e Davide ‘Marco and Davide’; con amore ma con disciplina ‘with love but with discipline’; sono andata a letto perché ero stanca ‘I went to bed because I was tired’; i giudici dicono che bisogna cambiare la legge ‘the judges say that the law should be changed’. Conjunctions can either be coordinating, linking two phrases or clauses of equal weight

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Flashcard 1432405019916

Tags
#conjunction #italian #italian-grammar
Question
i giudici dicono che bisogna cambiare la legge
Answer
the judges say that the law should be changed

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uses within a sentence: Marco e Davide ‘Marco and Davide’; con amore ma con disciplina ‘with love but with discipline’; sono andata a letto perché ero stanca ‘I went to bed because I was tired’; i giudici dicono che bisogna cambiare la legge ‘<span>the judges say that the law should be changed’. Conjunctions can either be coordinating, linking two phrases or clauses of equal weight, or subordinating, linking a main clause and subordinate clause.<span><body><html>

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Flashcard 1432407379212

Tags
#conjunction #italian #italian-grammar
Question
Conjunctions can either be coordinating, [...], or subordinating, linking a main clause and subordinate clause.
Answer
linking two phrases or clauses of equal weight

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ith love but with discipline’; sono andata a letto perché ero stanca ‘I went to bed because I was tired’; i giudici dicono che bisogna cambiare la legge ‘the judges say that the law should be changed’. Conjunctions can either be coordinating, <span>linking two phrases or clauses of equal weight, or subordinating, linking a main clause and subordinate clause.<span><body><html>

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Flashcard 1432409738508

Tags
#italian #italian-grammar
Question
A noun is [...] if it can normally be used in both singular and plural, and take the indefinite article un, una (etc.)
Answer
countable

un bicchiere ‘a glass’; una pizza ‘a pizza’.

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A noun is countable if it can normally be used in both singular and plural, and take the indefinite article un, una (etc.): un bicchiere ‘a glass’; una pizza ‘a pizza’. Whereas an uncountable noun is one w

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Flashcard 1432412097804

Tags
#italian #italian-grammar
Question
An [...] noun is one which is not normally found in the plural
Answer
uncountable

(e.g. zucchero ‘sugar’) or an abstract noun (such as tristezza ‘sadness’).

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A noun is countable if it can normally be used in both singular and plural, and take the indefinite article un, una (etc.): un bicchiere ‘a glass’; una pizza ‘a pizza’. Whereas an uncountable noun is one which is not normally found in the plural (e.g. zucchero ‘sugar’) or an abstract noun (such as tristezza ‘sadness’).

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Flashcard 1432414457100

Tags
#italian #italian-grammar
Question
A demonstrative [...] or [...] is one which demonstrates or indicates the person or object being talked about.
Answer
adjective or a pronoun

questo carrello ‘this trolley’; quel professore ‘that teacher’; quelle tagliatelle ‘those tagliatelle’.

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A demonstrative adjective or a pronoun is one which demonstrates or indicates the person or object being talked about: questo carrello ‘this trolley’; quel professore ‘that teacher’; quelle tagliatelle ‘those tagliatelle’.</

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Flashcard 1432416292108

Tags
#italian #italian-grammar
Question
All nouns in Italian have a gender: they are either [...] or [...], even if they are inanimate objects.
Answer
masculine or feminine

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All nouns in Italian have a gender: they are either masculine or feminine, even if they are inanimate objects. Even where living beings are concerned, grammatical gender is not always the same as natural gender: una tigre ‘a tiger’ (either sex unless specifie

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Flashcard 1432418651404

Tags
#italian #italian-grammar
Question
Even where living beings are concerned, [...] is not always the same as natural gender
Answer
grammatical gender

una tigre (either sex unless specified); un ippopotamo

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All nouns in Italian have a gender: they are either masculine or feminine, even if they are inanimate objects. Even where living beings are concerned, grammatical gender is not always the same as natural gender: una tigre ‘a tiger’ (either sex unless specified); un ippopotamo ‘a hippopotamus’. Gender is important since it determines the form of noun, th

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Flashcard 1432421010700

Tags
#italian #italian-grammar
Question
[...] is important since it determines the form of noun, the article and adjective.
Answer
Gender

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masculine or feminine, even if they are inanimate objects. Even where living beings are concerned, grammatical gender is not always the same as natural gender: una tigre ‘a tiger’ (either sex unless specified); un ippopotamo ‘a hippopotamus’. <span>Gender is important since it determines the form of noun, the article and adjective.<span><body><html>

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Flashcard 1432424680716

Tags
#sister-miriam-joseph #trivium
Question
[...] do not add to the intrinsic worth of their possessor, nor are they desired as means, yet they may be associated with the other 2 kinds of goods.
Answer
Pleasurable goods

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surable goods are those which are desired for their own sake because of the satisfaction they give their possessor. For instance, happiness, an honorable reputation, social prestige, flowers, and savory food are pleasurable goods. <span>They do not add to the intrinsic worth of their possessor, nor are they desired as means, yet they may be associated with valuable goods or useful goods. For instance, knowledg

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#metalearning
"Students are subordinate to materials…Material beats method."
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Flashcard 1432441195788

Tags
#sister-miriam-joseph #trivium
Question
Humans are [...] and therefore have someone to say things to.
Answer
social

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humans alone among animals have the power to think. Consequently, they alone have language in the proper sense of the word. 1 This follows from their nature, for they are rational and therefore have something to say, social and therefore have someone to say it to, and animal and therefore require a physical mode of communicating ideas from one mind, which

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Flashcard 1432443817228

Tags
#sister-miriam-joseph #trivium
Question
Humans are [...] and therefore require a physical mode of communicating ideas from one mind, which is isolated from all others in the body, to another mind likewise isolated.
Answer
animal

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humans alone among animals have the power to think. Consequently, they alone have language in the proper sense of the word. 1 This follows from their nature, for they are rational and therefore have something to say, social and therefore have someone to say it to, and animal and therefore require a physical mode of communicating ideas from one mind, which

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#sister-miriam-joseph #trivium
precise and more ambiguous in the sense that one word may have either of two or more meanings. The common languages are not understood internationally but require translation. Two attempts to provide an international language may be mentioned. Esperanto is an artificial amalgam based on words common to the chief European languages. Basic English is a careful selection of 850 English words, which through paraphrase are designed to do duty for a wider vocabulary. 5 A common language may be native or foreign according to place, or living or dead according to usage. Every dead language, such as Latin, was at one time a living common language. It may be serviceable for special uses, such as liturgy or doctrine, 6 from the very fact that it is a dead language and, therefore, not subject to changes or to a variet y of interpretations as a living language is. A dead language is more likely to be understood in exactly the same way in all t imes and places. According to the mode of expression, a common language may be a system of either spoken symbols or of other signs. The spoken language is the original and fundament al system of symbols for which all other signs are merely substituted. The written language is the most important substitute and the only one ordinarily understood. Among other substitute signs are Braille, sign language, the semaphore code. Each of these substitutes merely renders into its own system of signs words of a common language. THE NAT URE OF LANGUAGE It is the nature of language to communicate through symbols
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#sister-miriam-joseph #trivium
It is the nature of language to communicate through symbol
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Flashcard 1432458497292

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
It is the nature of language to [...]
Answer
communicate through symbol

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It is the nature of language to communicate through symbol

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#sister-miriam-joseph #trivium
Language is a system of symbols for expressing our thoughts, volitions, and emotions
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Flashcard 1432461905164

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
Language is a system of symbols for expressing our [...], [...] and [...]
Answer
thoughts, volitions, and emotions

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Language is a system of symbols for expressing our thoughts, volitions, and emotions

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#sister-miriam-joseph #trivium
A word, like every other physical reality, is constituted of matter and form.
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Flashcard 1432465313036

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
A word, like every other physical reality, is constituted of [...] and [...].
Answer
matter and form

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A word, like every other physical reality, is constituted of matter and form.

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#nature-of-language #sister-miriam-joseph #trivium
A word is a symbol. Its matter is the sensible sign; its form is the meaning imposed upon it by convention.
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Flashcard 1432470031628

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
A word is a [...].
Answer
symbol

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A word is a symbol. Its matter is the sensible sign; its form is the meaning imposed upon it by convention.

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Flashcard 1432472390924

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
A word's matter is the [...]
Answer
sensible sign

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A word is a symbol. Its matter is the sensible sign; its form is the meaning imposed upon it by convention.

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Flashcard 1432474750220

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
A word's form is the [...].
Answer
meaning imposed upon it by convention

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A word is a symbol. Its matter is the sensible sign; its form is the meaning imposed upon it by convention.

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#nature-of-language #sister-miriam-joseph #trivium
Matter and form are metaphysical concepts necessary to the philosophical understanding of any material whole, for together they constitute every such whole.
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Flashcard 1432479468812

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
Matter and form are [...] concepts necessary to the philosophical understanding of any material whole, for together they constitute every such whole.
Answer
metaphysical

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Matter and form are metaphysical concepts necessary to the philosophical understanding of any material whole, for together they constitute every such whole.

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#nature-of-language #sister-miriam-joseph #trivium
Matter is defined as the first intrinsic and purely potential principle of a corporeal essence; as such, it cannot actually exist without form, for it is not a body but a principle of a body, intrinsically const ituting it.
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Flashcard 1432483400972

Tags
#nature-of-language #sister-miriam-joseph #trivium
Question
[...] is defined as the first intrinsic and purely potential principle of a corporeal essence; as such, it cannot actually exist by itself, for it is not a body but a principle of a body, intrinsically constituting it.
Answer
Matter

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Matter is defined as the first intrinsic and purely potential principle of a corporeal essence; as such, it cannot actually exist without form, for it is not a body but a principle of a body,

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Form is the first intrinsic and actual principle of a corporeal essence
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Flashcard 1432487333132

Tags
#sister-miriam-joseph #trivium
Question
[...] is the first intrinsic and actual principle of a corporeal essence
Answer
Form

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Form is the first intrinsic and actual principle of a corporeal essence

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#sister-miriam-joseph #trivium
In animals, t he body is the matter and the soul is the form.
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Flashcard 1432489954572

Tags
#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
Question
In animals, the body is the [...] and the soul is the [...]
Answer
matter

form.

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In animals, t he body is the matter and the soul is the form.

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#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
In water, the matter consists of hydrogen and oxygen; the form is the precise mode of their union in a molecule of water and may be expressed by the chemical formula H 2 O.
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Flashcard 1432494148876

Tags
#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
Question
In water, the [...] consists of hydrogen and oxygen; the [...] is the precise mode of their union in a molecule of water and may be expressed by the chemical formula H 2 O.
Answer
matter

form

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In water, the matter consists of hydrogen and oxygen; the form is the precise mode of their union in a molecule of water and may be expressed by the chemical formula H 2 O.

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#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
The matter of words in spoken language is the sound.
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Flashcard 1432498343180

Tags
#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
Question
The matter of words in spoken language is [...]
Answer
the sound.

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The matter of words in spoken language is the sound.

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#sister-miriam-joseph #trivium
The matter of words in written language is the mark or notation
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Flashcard 1432500964620

Tags
#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
Question
The [...] of words in written language is the mark or notation
Answer
matter

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The matter of words in written language is the mark or notation

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#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
The form of words is their meaning, and it is treated in semantics.
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Flashcard 1432505158924

Tags
#matter-and-form #nature-of-language #sister-miriam-joseph #trivium
Question
The form of words is treated in [...]
Answer

semantics.

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The form of words is their meaning, and it is treated in semantics.

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#sister-miriam-joseph #trivium
Language: a system of symbols for expressing our thoughts, volitions, and emotions
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Voice is the sound uttered by an animal. The voice of irrational animals has meaning from nature, from the tone of the utterance. The human voice alone is symbolic, having a meaning imposed upon it by convention.
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Flashcard 1432512236812

Tags
#matter-of-language #sister-miriam-joseph #trivium
Question
Voice is the [...].
Answer
sound uttered by an animal

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Voice is the sound uttered by an animal. The voice of irrational animals has meaning from nature, from the tone of the utterance. The human voice alone is symbolic, having a meaning imposed upon it by convention.

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Flashcard 1432514596108

Tags
#matter-of-language #sister-miriam-joseph #trivium
Question
The voice of irrational animals has meaning [...], from the tone of the utterance.
Answer
from nature

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Voice is the sound uttered by an animal. The voice of irrational animals has meaning from nature, from the tone of the utterance. The human voice alone is symbolic, having a meaning imposed upon it by convention.

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Flashcard 1432516955404

Tags
#matter-of-language #sister-miriam-joseph #trivium
Question
The human voice alone is [...], having a meaning [...]
Answer
symbolic

imposed upon it by convention.

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Voice is the sound uttered by an animal. The voice of irrational animals has meaning from nature, from the tone of the utterance. The human voice alone is symbolic, having a meaning imposed upon it by convention.

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#sister-miriam-joseph #trivium
The alphabet 8 of the International Phonetic Association is a system of written symbols aiming at an accurate and uniform representation of the sounds of speech. It distinguishes twent y vowel sounds, six diphthongs, and twenty-seven consonant sounds. The English language lacks three of the vowel sounds (those present in German grün and schön and in French seul) and two of the consonant sounds (those present in German i ch and Scottish loch).
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Flashcard 1432521149708

Tags
#sister-miriam-joseph #trivium
Question
The alphabet of the International Phonetic Association is a system of written symbols aiming at an accurate and uniform representation of the sounds of speech. It distinguishes [...] vowel sounds, six diphthongs, and twenty-seven consonant sounds.
Answer
twenty

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The alphabet 8 of the International Phonetic Association is a system of written symbols aiming at an accurate and uniform representation of the sounds of speech. It distinguishes twent y vowel sounds, six diphthongs, and twenty-seven consonant sounds. The English language lacks three of the vowel sounds (those present in German grün and schön and in French seul) and

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Flashcard 1432533470476

Tags
#blue-apron #citychef
Question
For its suppliers, Blue Apron works with [...] to source the highest quality ingredients.
Answer
family-run farmers and artisans

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For its suppliers, Blue Apron works with family-run farmers and artisans to source the highest quality ingredients.

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Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
whenever best fits the customer’s schedule. The step-by-step recipes are appropriate for beginner and experienced cooks alike. The menus, which change weekly based on seasonal needs, are created by the culinary team and renowned guest chefs. <span>For its suppliers, Blue Apron works with family-run farmers and artisans to source the highest quality ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video f







Flashcard 1432535043340

Tags
#blue-apron #citychef
Question
According to Blue Apron, the majority of its members are [...].
Answer
couples

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According to Blue Apron, the majority of its members are couples. But even men who aren’t in a relationship are taking advantage of it. “It’s good for a date night, if you want to impress someone,” said Ricky, 29, who tried it out for two weeks.</spa

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Why Men Love Blue Apron - Vogue
ioned my husband’s newfound love for cooking at the office and a coworker told me she was having a similar experience at her house. We both wondered if Blue Apron was somehow secretly targeting men—after all, three guys founded the company. <span>According to Blue Apron, the majority of its members are couples. But even men who aren’t in a relationship are taking advantage of it. “It’s good for a date night, if you want to impress someone,” said Ricky, 29, who tried it out for two weeks. “I wouldn’t sign up for it regularly, but I’ll definitely do it again for a special occasion.” Andee and her boyfriend, Tom, decided to try out Blue Apron after seeing an offer to join







Flashcard 1432537664780

Tags
#blue-apron #citychef
Question
Blue Apron's distribution center in New Jersey, [...] and Papas weave through packing boxes stacked ceiling high to the command center, where a large screen shows the shipping schedules for packages destined for cities as far away as Chicago.
Answer
Salzberg

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Blue Apron's distribution center in New Jersey, Salzberg and Papas weave through packing boxes stacked ceiling high to the command center, where a large screen shows the shipping schedules for packages destined for cities as far away as Chica

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le? People could be forgiven for mistaking Blue Apron, Plated and HelloFresh for Kozmo and Webvan, two delivery companies that were among the notorious flameouts of the first dot-com era. Or they could be the future of food. WALKING THROUGH <span>Blue Apron's distribution center in New Jersey, Salzberg and Papas weave through packing boxes stacked ceiling high to the command center, where a large screen shows the shipping schedules for packages destined for cities as far away as Chicago. Software predicts incoming demand and costs, and workers on custom assembly lines pack boxes with meat and vegetables that could land on dinner tables that day. IPads attached to each l







Flashcard 1432539499788

Tags
#blue-apron #citychef
Question
Integrating that locally-grown food into your diet requires paying careful attention to [...] — as well as the [...] of nearby farmers.
Answer
hyper-local seasonality

growing schedules

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Integrating that locally-grown food into your diet requires paying careful attention to hyper-local seasonality — as well as the growing schedules of nearby farmers.

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em "a safety net and a recipe," he says. "If you can cook with it and interact with it on an emotional level, it changes your perception. It's the secret sauce to educating people about food and biodiversity." <span>Integrating that locally-grown food into your diet requires paying careful attention to hyper-local seasonality — as well as the growing schedules of nearby farmers. "The idea of planning ahead is a challenge," says Jennifer Goggin, the co-founder of FarmersWeb, an online marketplace designed to connect farmers with services like Blue Apro







Flashcard 1432542645516

Tags
#blue-apron #citychef
Question
Blue Apron detractors often point out environmental impact.

Advocates argue that [...]
Answer
because delivery companies use local farms, they're avoiding a lot of the waste that comes when your tomatoes are flown internationally to your grocery store.

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Blue Apron detractors often point out environmental impact. Advocates argue that because delivery companies use local farms, they're avoiding a lot of the waste that comes when your tomatoes are flown internationally to your grocery store.

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Open it
h vegetables," says Lauren Ornelas, the founder and executive director of the Food Empowerment Project. Yes, the ability to rotate crops is fantastic — but less so if the only ones benefiting are the well-off. <span>Blue Apron detractors often point out two areas where meal-delivery services fall short: cost and environmental impact. Despite an outcry about the packaging these boxes use (small plastic bags for three carrots, little plastic containers of soy sauce, cold packs), the clamor is somewhat of a red herring: Everything included is recyclable, if perhaps difficult to do so. Advocates argue that because delivery companies use local farms, they're avoiding a lot of the waste that comes when your tomatoes are flown internationally to your grocery store. "When things are being flown in from Mexico or somewhere, there's a lot of packaging involved," Goggin says. "Small farms don't use any of that. They deliver







Flashcard 1432544742668

Tags
#citychef #complete-guide-of-food-delivery-service
Question
Recipe and ingredient dinner kits: Blue Apron, [...] and [...] are the most established players and offer subscription boxes that include recipes and ingredients for three dinners per week for at least two people.
Answer
Hello Fresh

Plated

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Recipe and ingredient dinner kits : Blue Apron, Hello Fresh and Plated are the most established players and offer subscription boxes that include recipes and ingredients for three dinners per week for at least two people. Costs range from $10 –

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The (almost) complete guide to food delivery services major-players
s with nutritional info and calorie counts. “No one product will own the entire market,” says Garg. “A lot of these companies are complementary with one another.” Here’s a rundown of the market and its major players: <span>Recipe and ingredient dinner kits : Blue Apron, Hello Fresh and Plated are the most established players and offer subscription boxes that include recipes and ingredients for three dinners per week for at least two people. Costs range from $10 – $15 per dinner, and the services offer varying degrees of customization. Smaller players such as Marley Spoon, PeachDish, Home Chef, Gobble offer a spin on the same model and may have more limited delivery areas. Restaurant takeout. Seamless and GrubHub, which merged in 2013, are essentially mobile platforms that connect consumers with local restaurants for takeout delivery. Restau







Flashcard 1432547101964

Tags
#citychef #complete-guide-of-food-delivery-service
Question
Smaller players such as [...], PeachDish, Home Chef, Gobble offer a spin on the same model and may have more limited delivery areas.
Answer
Marley Spoon

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yers and offer subscription boxes that include recipes and ingredients for three dinners per week for at least two people. Costs range from $10 – $15 per dinner, and the services offer varying degrees of customization. Smaller players such as <span>Marley Spoon, PeachDish, Home Chef, Gobble offer a spin on the same model and may have more limited delivery areas.<span><body><html>

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The (almost) complete guide to food delivery services major-players
s with nutritional info and calorie counts. “No one product will own the entire market,” says Garg. “A lot of these companies are complementary with one another.” Here’s a rundown of the market and its major players: <span>Recipe and ingredient dinner kits : Blue Apron, Hello Fresh and Plated are the most established players and offer subscription boxes that include recipes and ingredients for three dinners per week for at least two people. Costs range from $10 – $15 per dinner, and the services offer varying degrees of customization. Smaller players such as Marley Spoon, PeachDish, Home Chef, Gobble offer a spin on the same model and may have more limited delivery areas. Restaurant takeout. Seamless and GrubHub, which merged in 2013, are essentially mobile platforms that connect consumers with local restaurants for takeout delivery. Restau







Flashcard 1432549723404

Tags
#citychef #complete-guide-of-food-delivery-service
Question
Restaurant takeout. Seamless and GrubHub, which merged in 2013, are essentially mobile platforms that connect [...]. They pay the services a commission.
Answer
consumers with local restaurants for takeout delivery

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Restaurant takeout. Seamless and GrubHub, which merged in 2013, are essentially mobile platforms that connect consumers with local restaurants for takeout delivery. Restaurants pay the services a commission. Unlike smaller competitor DoorDash, GrubHub does not have its own fleet of delivery vehicles, but that may be changing soon. In response to b

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The (almost) complete guide to food delivery services major-players
range from $10 – $15 per dinner, and the services offer varying degrees of customization. Smaller players such as Marley Spoon, PeachDish, Home Chef, Gobble offer a spin on the same model and may have more limited delivery areas. <span>Restaurant takeout. Seamless and GrubHub, which merged in 2013, are essentially mobile platforms that connect consumers with local restaurants for takeout delivery. Restaurants pay the services a commission. Unlike smaller competitor DoorDash, GrubHub does not have its own fleet of delivery vehicles, but that may be changing soon. In response to big competitors such as Uber and Amazon, who also have designs on the food delivery market and have the logistical manpower to be far more agile than most restaurants, GrubHub is rolling out its own fleet in a few test markets. Prepared food delivery. Companies such as Munchery , Sprig, Maple and SpoonRocket prepare their own gourmet meals, often tapping into celebrity chef mojo (Momofuku’s Davi







Flashcard 1432552869132

Tags
#blue-apron #citychef #operational-model #supply-chain
Question
Blue Apron’s model centers on delivering [...]
Answer
fresh ingredients.

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Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food

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Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432555228428

Tags
#blue-apron #citychef #operational-model #supply-chain
Question
To maintain control of quality, the company manages its own [...].
Answer
distribution channel

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Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in ref

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432557587724

Tags
#blue-apron #citychef #operational-model #supply-chain
Question
Blue Apron’s model sources farms differently for [...], so the food is local and fresh and the delivery costs are low.
Answer
each of their three regional fulfilment centers

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Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest p

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432559947020

Tags
#blue-apron #citychef #operational-model #supply-chain
Question
The boxes are delivered in refrigerated boxes to maintain freshness, however, [...] is outsourced to the [...]
Answer
delivery

cheapest partner for a given shipment.

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hannel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so <span>delivery is outsourced to the cheapest partner for a given shipment.<span><body><html>

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432563092748

Tags
#blue-apron #business-model #citychef #operational-model #supporting-suppliers
Question
There is a team at Blue Apron responsible for negotiating with [...], but they also work closely with farmers on [...]
Answer
farms to source ingredients

crop rotation and management.

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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Open it
There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision







Flashcard 1432565976332

Tags
#blue-apron #citychef
Question
On the recipe cards, they provide an information sheet that [...] alongside information about how to cut and cook.
Answer
highlights the farms which provided the produce

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Parent (intermediate) annotation

Open it
On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook.

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
ooks alike. The menus, which change weekly based on seasonal needs, are created by the culinary team and renowned guest chefs. For its suppliers, Blue Apron works with family-run farmers and artisans to source the highest quality ingredients. <span>On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s m







Flashcard 1432568335628

Tags
#blue-apron #business-model #citychef #data-analytics #operational-model
Question
As a [...], Blue Apron collects data on its customers that allows for predictive modeling of demand.
Answer
subscription business

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Parent (intermediate) annotation

Open it
As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operat

Original toplevel document

Blue Apron: Fixing the Food Delivery Supply Chain – Technology and Operations Management
lity ingredients. On the recipe cards, they provide an information sheet that highlights the farms which provided the produce alongside information about how to cut and cook. Click here to view a video featuring Blue Apron’s Ghee Supplier. <span>Blue Apron aligns its operating model with its business model through: Control of the supply chain . Blue Apron’s model centers on delivering fresh ingredients. To maintain control of quality, the company manages its own distribution channel. The company sources farms differently for each of their three regional fulfilment centers, so the food is local and fresh and the delivery costs are low. The boxes are delivered in refrigerated boxes to maintain freshness, however, so delivery is outsourced to the cheapest partner for a given shipment. Bulk purchasing, portioned delivery . Blue Apron built its model on the idea of reducing food waste. At each fulfilment center, workers on assembly lines pack boxes with poultry, meat, vegetables and condiments to be delivered anywhere from 1-7 days later. Purchasing in bulk allows the company to negotiate prices with farmers, who are happy to receive a slightly lower price for a guaranteed volume. By only offering 6 recipes per week, Blue Apron can allocate the ingredients in a way that reduces food waste. Everything subscribers receive is pre-measured to the precise proportions the recipe requires, meaning less spending on unnecessary produce and less food waste. Data analytics . As a subscription business, Blue Apron collects data on its customers that allows for predictive modeling of demand. They built an internal suite of tools that manage the workflow of purchasing, fulfilment operations, ecommerce and order processing, shipping software, customer service software 6 . The software can estimate how many customers will cancel an order in any given week, for example, which allows the company to plan meals based on the expected availability and price of certain crops. Using this data helps create processes that improve operational efficiency and lower costs, supporting the $10 per meal price. Supporting Suppliers. There is a team at Blue Apron responsible for negotiating with farms to source ingredients, but they also work closely with farmers on crop rotation and management. This allows the company to work with farmers to plan production in a way that is more seasonal, more efficient and utilizes their resources better, all of which results in higher quality crops at lower prices for consumers. Additionally, by helping farmers to plan to rotate “heavy feeder” plants with less hungry plants like legumes, the farms use less pesticide and fertilize, resulting in healthier farms. Blue Apron focuses on bringing their customers an easy way to cook through a high quality food delivery service that has never bene available at scale before. Key operational decision