Question 1 a) The English and Dutch auctions English auctions are also referred to as open ascending auctions. They are auctions where parties involved bid against one another. This leads to a gradual rise in the prices of the items in the auction (McAfee, 2017). Moreover, there are starting prices that are set by the auctioneers and bidding is done electronically or vocally. Bids are […]

Question 1 a) The English and Dutch auctions English auctions are also referred to as open ascending auctions. They are auctions where the parties involved bid against one another. This leads to a gradual rise in the prices of the items in the auction (McAfee, 2017). Moreover, there are starting prices that are set by the auctioneers and bidding is done electronically or vocally. Bids […]

Adidas is the second largest manufacturer of sports products globally and was founded in 1949. It manufactures clothing, shoes and accessories. The company has grown over the years and as at 2017, its revenues were €21.218 billion. It has a global presence and hires over 56,000 employees (Dawes, 2018). However, there are many challenges facing Adidas and some of these include data breaches, moral hazard […]

Money is any acceptable and legal tender. It can be also any verifiable record or item that is generally accepted as payment for services and goods, repayment of debts, and taxes in any particular region or country. Money emerged from the market phenomenon that allows for the exchange of goods and services. However, all modern money systems are based on what is known as fiat […]

Avinash Meetoo in his talk dubbed “Jobs of the future and how we can prepare for them” offers the best response to the question of whether human capital is key to avoid being structurally unemployed. Structural unemployment comes about due to a reorganization of an industry or an economy. The major cause of this kind of unemployment, especially today is the concept of technological change. […]

Avinash Meetoo in his talk dubbed “Jobs of the future and how we can prepare for them” offers the best response to the question of whether human capital is key to avoid being structurally unemployed. Structural unemployment comes about due to a reorganization of an industry or an economy. The major cause of this kind of unemployment, especially today is the concept of technological change. […]