Essay Examples on Becker College

Price cap regulation therefore encourages productive Efficiency

In contrast to the rate of return regulation price cap regulation should not establish prices to determine a given level of profitability Instead a price ceiling is established and the profitability of the firm then depends on the extent to which it is able to keep its costs below the determined maximum revenue under the cap Jones 2003 Initially the price cap can be set in such a way that forecasts revenue will just cover the forecast operating and capital costs for the period to which the cap applies the firm may then reduce these costs while providing the agreed quality and quantity of service and thereby raise its profits Parker and Kirkpatrick 2005 Price cap regulation, therefore, encourages productive efficiency and consequently is often referred to as incentive regulation

1 pages | 256 words

The Compass Making it China's Most Important Invention

If you were a sailor in 1400 AD and you were lost at sea what would you do Imagine you are on a military expedition and you have lost sight of the river you were following Without a compass you would use landmarks and the stars to navigate your direction The most important technology in ancient China is the compass because it strongly influenced the quality of life for the Chinese people I chose ancient China to talk about because a lot of interesting and useful things originated there things that we still use today The compass is a metal instrument that has a magnetized needle that points north east south or west There is a magnetized iron needle that is aligned with the earth's magnetic pole The north end of the needle is pulled toward the Earth's north magnetic pole and the south end of the needle is pulled towards Earth s south pole The compass was invented by the Han dynasty in China between 300 and 200 BC It was originally made for lining up buildings with directions north south east and west and as a tool for Chinese fortune telling Later it was used as a navigational instrument so people could find their direction The compass is the most important technology because it is a vital tool for navigation it led to the discovery of new lands and it makes travel a lot easier The compass is the most important technology because it is a vital tool for navigation The military still uses the compass to find their way on missions and battles Before the compass people used the sun and stars to determine their direction because the sun rises in the east and sets in the west Sailors used a lodestone to find their direction

2 pages | 592 words