weekend 2..

SHOPPING TIME!!!

I GO TO PLAZA ALAM SENTRAL..

HHOOOHOH..

RELEASE MY TENSION BY

 SHOPPING..!!! 

I DID BUY HEEL AND T-SHIRTS..

THAT ALL FROM ME.. 

DAAAAA.. :)

weekend 1..

KESATRIAAN NEGARA..wott woottt!!

nothing much to do today because of raining..huhuhu.. 

we just sit at padang kawat and the trainer give the lecture..huhuhuh..

back to college and get some sleep..

then MOVIE TIME!!

i miss you.. :(

quiz.. quiz.. quiz..

MGT 420

today was our first quiz.. 

well the quiz is quite tough one..huhuhu..

but alhamdulillah.. i can make it..

:)

LAW 416

 doing the exercise.. 

about ITT and MLS (Malaysia Legal System)..

i can do well..

alhamdulillah.. 
:)

tiring day.. ):

MGT 420 

lecture for today is about chapter 4.. it is decision making.. 

Decision-making is an integral part of modern management. Essentially, Rational or sound decision making is taken as primary function of management. Every manager takes hundreds and hundreds of decisions subconsciously or consciously making it as the key component in the role of a manager. Decisions play important roles as they determine both organizational and managerial activities. A decision can be defined as a course of action purposely chosen from a set of alternatives to achieve organizational or managerial objectives or goals. Decision making process is continuous and indispensable component of managing any organization or business activities. Decisions are made to sustain the activities of all business activities and organizational functioning.

Decisions are made at every level of management to ensure organizational or business goals are achieved. Further, the decisions make up one of core functional values that every organization adopts and implements to ensure optimum growth and drivability in terms of services and or products offered.

ECO 415

presentation for today.. it is about perfect competition..

Perfect competition describes a market structure whose assumptions are extremely strong and highly unlikely to exist in most real-time and real-world markets. The reality is that most markets are imperfectly competitive. Nonetheless, there is some value in understanding how price, output and equilibrium is established in both the short and the long run in a market that holds true to the tough assumptions of a world of perfect competition.

Economists have become more interested in pure competition partly because of the rapid growth of e-commerce in domestic and international markets as a means of buying and selling goods and services. And also because of the popularity of auctions as a rationing device for allocating scarce resources among competing ends.

Basic assumptions required for conditions of pure competition to exist

• Many small firms, each of whom produces an insignificant percentage of total market output and thus exercises no control over the ruling market price.
• Many individual buyers, none of whom has any control over the market price – i.e. there is no monopsony power
• Perfect freedom of entry and exit from the industry. Firms face no sunk costs - entry and exit from the market is feasible in the long run. This assumption ensures all firms make normal profits in the long run
• Homogeneous products are supplied to the markets that are perfect substitutes. This leads to each firms being passive “price takers” and facing a perfectly elastic demand curve for their product
• Perfect knowledge – consumers have readily available information about prices and products from competing suppliers and can access this at zero cost – in other words, there are few transactions costs involved in searching for the required information about prices
• No externalities arising from production and/or consumption which lie outside the market

evening class.. :)

no class for MGT 417 and ACC 418..

MANDARIN

class like usual.. 

we learn about wo de jia..

wo de jia mean my home..

we laern how to pronounce our own states in mandarin..

class for today was fun! :)

wo de jia zai Bincheng!

heaven.. :)

LAW 416

the class was only for 30 minutes??

okay.. 

we did learn about 

Sale of Good Act..

The sale of goods by description is provided for by section 15 of the SOGA which reads:
The Sales of Goods Act 1957 governs the law with respect to the sale of goods. It deals with such matters as contracts for the sale of goods, the passing of ownership and the risk of goods sold, and the remedies of the buyers and sellers for breaches by the other party. 
The Sales of Goods Act does not extend to the states of East Malaysia, ie to Sabah and Sarawak. The two states would seem to continue to be subject, as far as the law on the sale of goods is concerned, to the UK Sale of Goods Act 1979. Meanwhile, Sabah and Sarawak are excluded from the ambit of the Sales of Goods Act by Section 5 (2) of the Civil Law Act, 1956 and still adopt the principle of English law relating to sales of goods.

no class??

ECO 415

there is no class for today because the lecturer go for a meeting.. :)

MGT 417

there also no class.. but we have a task to be done..huhuhuh..

we need to do the summarization about chapter 3 ang chapter 4..

and answer the question 3 and 4..

we need to submit the task before 12am tonigth by using i-learn..

alhamdulillah..

everything goes well.. :)