Tuesday, May 26, 2020

How to Write a Good GED Practice Essay Topic

How to Write a Good GED Practice Essay TopicThe great thing about teaching students how to write a good GED Practice Essay topic is that it is the perfect time to start putting a bit of pressure on them. Because of the nature of this test, it is impossible to determine beforehand how well a student will do. You have to predict how they will perform based on their current GPA and test results. If you go ahead and make this process a bit more challenging, it will help make the process much more pleasant.One of the most important things to remember about GED practice essays is that students must use their experience and knowledge to provide useful information. In addition, they must also try to consider what others will think. The purpose of this writing exercise is to provide students with the basics of how to succeed in this type of test.A common misconception about GED practice essays is that they must be long and drawn out. In fact, shorter practice essays are actually more effectiv e than longer ones because it allows students to get a lot of practice under their belt before the actual test. When you are giving this type of writing exercise, you are allowing students to practice with some flashcards or tests.The first and most important thing to remember is that this is an opportunity for students to see if they are going to have success with the GED. Even though this is the standard format for GED essays, it can still be interesting to get creative. For example, the correct answer to the question 'What were some characteristics of small business owners?' could consist of something like 'Their greatest asset is their small business.The second common mistake students make is that they often take the wrong approach. Instead of starting with the problem statement, they attempt to come up with solutions by starting with their ideas. While it is important to stay focused on the problem, you need to remember that it is important to let students find their own answer s instead of being too rigid and demanding. It is OK to let students enjoy the experience as long as they are given enough room to play.Another common mistake is to concentrate only on the problems. Instead, you should be encouraging students to put together the rest of the essay and to evaluate it. If the students are not allowed to write about the answers or analyze their writing, then they will quickly lose interest and the process won't be very productive.As long as you keep these tips in mind, then you will be able to make the most of your essay topics. They are, after all, the foundation of the essay, so it is important to use them correctly.

Saturday, May 16, 2020

Analysis Of The Poem Sharda - 2036 Words

POET BIOGRAPHY Sharda Steel Date and Place of Birth Pablo Neruda was Born Ricardo Eliecer Neftali Reyes in Parral, Chile on July the 12th 1904. His father was a railroad worker while his mother was a teacher who passed shortly after his birth. Neruda had two half siblings when growing up. Education He attended Temuco Boy’s School, where he published his first poems at the age of 13 under the name Pablo Neruda to the daily La Maà ±ana. This was because Neruda wished to hide his poetry from his father who was not in agreement with Neruda’s dream. Pablo Neruda choose this pseudonym as Jan Neruda (1834-1891) had inspired the young poet. Once Neruda graduated at the age of sixteen, he moved to Santiago to study Education and French at†¦show more content†¦Neruda seems a very passionate person as displayed in the two poems analysed; ‘If you forget me† and ‘Your laughter’. What I think of this Person I believe that Pablo Neruda led an extraordinary life. Neruda would’ve had an interesting life, experiencing different ways of life through being a consul and writing poetry to share his experiences. Although I cannot relate to Pablo Neruda’s poetry, it still speaks loudly and conveys a lot of emotion. Pablo Neruda is a person who would be easily liked as he was an open soul and authored gentle poetry. POETRY analysis ‘If you forget me’ by Pablo Neruda is a poem that has a peaceful and calming aura. My initial thought when the thought was one of confusion as the poem didn’t make complete sense. ‘If you forget me’ is based upon the subject of forgetting. This poem was composed to demonstrate that if you’ve forgotten someone, don’t worry for they’ve already forgotten you. Although, if you find yourself thinking of them often, then so are they. If thinking of them is a routine, then you should find them. Neruda has conveyed this message through stanzas four and six. â€Å"If suddenly you forget me do not look for me, for I shall already have forgotten you.† â€Å"if each day, each hour, you feel that you are destined for me with implacable sweetness, if each day a flower climbs up to your lips to seek me, ah my love, ah my own, in me all that fire is repeated, in

Wednesday, May 6, 2020

Managing Global Expansion - 1920 Words

This paper examines some of the economic and legal factors that can affect a company as it transitions from a private to a publically owned company. This paper, consisting of four sections; describes, discusses, and analyzes the major concerns that the owners of XYZ Construction, Incorporated have on expansion and economics. Section one covers the macroeconomic factors that influence the operations of the company. Section two focuses on the microeconomic factors that XYZ Construction, Inc. should consider in the domestic and global markets. Section three dissects the legal considerations that are relative to equipment leases and electronic contracts. Finally, section four will examine the employment and labor considerations that†¦show more content†¦Companies use factors of production such as labor, capital, natural resources, and entrepreneur-ship to produce products and services (Executive, 2011). This is important because the profit margin for XYZ Construction, Inc. will be determined by the income that remains after it pays wages (to its employees), interest (on loans), and rent (for facilities). If XYZ Construction, Inc. examines the wage portion of the profit margin calculation, they will see that the minimum wage has a significant impact on the company’s bottom-line. Ingram (2011) says that businesses that employee a large total of unskilled labor will experience significant increases in wage payouts. According to Ingram (2011) the minimum wage grew from five dollars and eighty-five cents to seven dollars and twenty-five cents between 2007 and 2009. XYZ Construction, Inc. will have to understand that increases like this are not negotiable and funding must be allocated in the event of a government increase in the minimum wage. It is important that companies understand this type of hiring practice because it leads to reduced profit margins and increased expenses (Ingram, 2011). Section Three - Legal Considerations for Equipment Leases and Electronic Contracts Equipment leases are a part of a billion-dollar industry, which covers personal property, consumer leases, automobiles, aircrafts, industrial machinery, and equipment (Executive, 2011). The aforementioned typesShow MoreRelatedManaging Global Expansion7295 Words   |  30 PagesManaging Global Expansion: A Conceptual Framework. Business Horizons | March 01, 2000 | Gupta, Anil K.; Govindarajan, Vijay | COPYRIGHT 1989 JAI Press, Inc. (Hide copyright information)Copyright [pic] There are at least five reasons why the need to become global has ceased to be a discretionary option and become a strategic imperative for virtually any medium-sized to large corporation. 1. The Growth Imperative. Companies have no choice but to persist in a neverending quest for growth if theyRead MoreSfsw680 Words   |  3 PagesGeographic dispersion amp; cultural diversity As economic borders come down, cultural barriers will most likely go up and present new challenges and opportunities for business. As global restructuring takes place within the company, Koch leads a geographically dispersed project team (i.e. Germans and Chinese members ) to standardize its personnel selection methods in the APAC region for staffing 25 new middle management positions. The HR executive encounters problems when leading across culturalRead MoreWhy culture is important in doing international business?1513 Words   |  7 Pagesborders are blending and multi-national mergers are causing many company nationalities to become indistinct. As the globalization of markets rapidly increases, many companies are finding international expansion a necessity of competition. 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This project would lead to a short-term change in the organization. XYZ, Inc.’s plan to expand its business in other BRIC Countries depends on the success of its first international store in Shanghai. The lessons learnt from the opening of first store, positive or negative, will be applied in the long term expansion of the company in BRIC countries, which entails long term changesRead MoreA Brief Note On The Cold Stone Creamery Essay905 Words   |  4 Pagescountries. The first expansion was Singapore and Malaysia; this would be a master partner who is directly in control of food and beverage as well as the best private developer. The opportunity to open ten Cold Stone stores in Singapore and six in Malaysia by the year 2014 was moving rapidly. In early 2011, where the busiest and the famous road is located in Singapore, traffic is overwhelming and a prime place to open Cold Stone Creamery. Other creameries to open are scheduled for expansion in Cyprus GreeceRead MoreMultinational Corporations Based On International Business Essay1730 Words   |  7 Pagesdifferentiation and integration (Lawrence and Lorsch, 1967). Multinationals must decide how to be sensitive to the unique demands of the indigenous environment without inhibiting their ability to coordinate the internal operations of local units in search of global strategies. As these issues of differentiation and integration are often facilitated by HRM activities, they represent a critical component in the IHRM. An example of this dual focus is found in most multinational corporations based on internationalRead MorePhase 2 Individual Projects Essay953 Words   |  4 Pagesmanagement to strategize global expansion. . They develop effective customer brand loyalty through their Human Resource Department and company personnel. McDonald’s international orientation has ethnocentric and polycentric approaches. Its ethnocentric approach begins with how they initially entered international markets by leveraging standardized product offerings, clean and bright environments, and American brand equity (McDonald’s Success Strategy and Global Expansion through Customer and BrandRead MoreGlobal Operations Management1015 Words   |  5 PagesGlobal Operations Management Abstract The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities forRead MoreEssay on International Expansion1026 Words   |  5 PagesAssignment International Expansion Many companies today want to expand their business to the international business, which can bring cost down and profits up. Taking a business internationally means knowing the rules and regulations of the countries you are entering. There can be many issues with going global which include cultural barriers, diversity issues, multicultural issues, political issues, and economical issues. It is very important to know how important expansion is to the company and what

Tuesday, May 5, 2020

Ethical Dilemma a Walmart Manager Might Face free essay sample

Using Collaborative Care The most common uses for collaborative care are patients with chronic diseases and patients with complex problems in need of care across a continuum of health care settings. Chronic diseases that benefit from the use of the collaborative model of care include type II diabetes mellitus, diseases of the cardiovascular system such as hypertension and heart failure, and renal disease, such as failure or chronic insufficiency. In addition, addictions such as those to illegal substances or alcohol, and mental health issues are ideal for the application of the team approach to care. Evidence clearly shows that the collaborative approach significantly increases the quality of care and patient satisfaction with his or her care. According to Kearney (2008), team care is complex because the members must recognize each others competencies, determine the division of responsibilities for patient care and adhere to essential communication and documentation protocols. Successful collaborative teams exhibit respect and focus for the common patient goals, have clear role assignments, respect and understand each members competencies, use effective and frequent communication and are able to resolve onflicts in a timely manner without major disruptions in the flow of care to the patient. We will write a custom essay sample on Ethical Dilemma a Walmart Manager Might Face or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Barriers to successful collaborative team care include any type of breakdown within the team. The most common issues that impact negatively on successful collaboration include disrespect for other members, role boundary conflicts, ineffective communication and power struggles between professions. Conclusion As society ages the number of people with chronic diseases and complex illnesses will continue to increase. The acute care setting is only one stop along the continuum of care for the treatment of these conditions.

Thursday, April 16, 2020

Lenovos Nature of Demand free essay sample

Abstract In recent years, despite fierce market competition the personal computer manufacturing company Leno has utilized unique competitive strategies to achieve a rapidly increasing share of the computer and notebook market. Leno is faced with unprecedented opportunity and the challenge and in view of the current market situation, Leno is delivering a message that it intends to cover all market segments, from high-end to low-end. Pricing objectives should flow from and fit in with company level and marketing objectives. Additionally, pricing objectives should be explicitly stated because they have a direct effect on pricing policies as well as methods used to set prices. Leno has established and implemented a successful and complete marketing strategy by utilizing appropriate marketing channels and promotions to target its products to different markets world-wide at a competitive price. Based on different levels of consumers, Leno has developed differentiated products with different prices to cover all market segments effectively. We will write a custom essay sample on Lenovos Nature of Demand or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This differentiated pricing and marketing strategy not only helps Leno to build its rake share world-wide but also maximizes its profits. Nature of demand Leno, the worlds second-biggest maker of personal computers, posted a 54 percent increase in third-quarter profit orders for office computers and acquisitions in Germany and Japan boosted sales. Today, Leno strives to be the global market share leader in each of the market segments that the company currently focuses. Lenos shipments of smartness in China grew four times last quarter. Revenue in Lenos mature-markets division which includes operations in the U. S. , Japan and Western Europe, Jumped 81 percent to $3. Billion. Leno is considering acquisitions to accelerate growth and the company expects to grow its business faster than the overall PC industry. After delivering overachieving laptops, Leno has delivered financial results that also exceeded expectations, producing $8 billion in revenue and $141 million net profit. Large percentage of growth came in part from a 59% sales bump in emerging markets like China, India and Brazil, on top of a 9% growth in its home (US) market. Overall, Leno saw a 24% increase in PC shipments for the third quarter in 2102 world-wide. In addition to PC and laptop market where Leno has enjoyed continued growth, recently Leno has also become the second largest player in Chinas semaphore market, after Samsung, now up controls a commandingly% market share. Price Sensitivity In the 21st century, the production capacity of IT enterprises seriously exceeds, and the price war among manufacturers has become worse. As a large and a key player in the IT industry, Leno is impacted by price wars. However, Leno has demonstrated most vividly and is least impacted by price wars as Leno did not reduce price, while the corporate image enhanced, sales grew and market share expanded, the effective pricing strategy has enabled Leno to exceed in the every market segment that the company currently target TTS. Price sensitive conditions exist in countries such as India, Indonesia and Philippines. These target markets have been very price sensitive and the pricing of Lenos products are key factors for the company to establish itself in these newly emerging economies. Unless they offer some serious innovations and an attractive price tag for their phones tablets, Lenos future especially in the semaphore domain will be uncertain in these price insensitive countries. One of the ways to go about it could be to position the launch of their smartness in sync with the rivals and clearly sending out signals that the company is at par with other players in the market. Substitutes In recent years, Leno has utilized unique competitive strategies to achieve a rapidly increasing share of the computer and notebook market. Leno has a fierce market competition from the major IT firms like Dell and Hewlett-Packard. Leno continues to optimize its marketing strategies for competing in a market previously dominated y major players like Dell and Hewlett-Packard which accounted for 54% and 21% of the international corporate market. Lenos pricing strategy is in accordance with its customer needs and is focused on developing best performance products, at an affordable price to its customers. Additionally, the company focuses on improved customer service experience which maintains a strong customer relationship. Over the past several years, this unique concept of exceptional customer service program gave Leno its core competitiveness and Leno is still invincible in the fierce competition. Demand and Cost Analysis Leno designs and develops products that have relatively simple functions, relatively low prices based on needs of various markets worldwide. Leno utilizes new technologies and sophisticated analytics not only to make its supply chains more responsive to customer demand, but also actively to shape demand towards more profitable business. Various demand driven networks enable Leno to provide flexible pricing, sales incentives, promotions and other marketing tools to stimulate demand for its products. This holistic approach requires improved demand based on ales data, integration of new forecasting and demand management tools with existing supply and a collaborative approach to sales and operations planning in order to maximize profitability. Since its inception, Leno has built its success on product innovation, a highly efficient global supply chain and strong strategic execution to deliver consumer centric innovative products that deliver a blend of mobility, performance and price. Markup Chain within the channel Markup chain is the sequence of markups firms used at different levels in a channel that determines the price structure in the whole channel. Leno uses a standard markup percent and then applies it to all their products which make the pricing easier. Leno markup it products based on their standard operating expenses, customer price sensitivities and other factors, and still provide a reasonable profit to the company. Recently, Leno has attended I TTS decision ton t local Australian buyers with an almost 60 percent mark up on its latest ultrasound, the Carbon XSL. A Thinking XSL Carbon in Australia, costs a $750 premium for the same device as compared to US counterparts. It costs $1999 in Australia and $1JS1299 in North America and it sells through Lenos web portal as well as distributors like Keynes, Ingram Micro and Dicker Data. According to Leno director of products and solutions, the price difference is due to a number of factors including Australian warranty provisions, margins, channel and support. The Leno Carbon XSL is a great looking ultrasound but only time will tell whether Australians would be willing to pay such a huge premium. Price Flexibility Leno offers a wide range of products so there is a great deal of price flexibility with its products. Their portfolio provides flexible options to meet either personal or arable business needs based on market type. Leno not only uses differentiation strategy by persuading customers that a product is superior to that offered by competitors but also uses a focus strategy that is aimed at a segment of the market for a particular product rather than at the whole market. They offer a worldwide single source solution which helps them lower service costs, as well as provide an improved customer service experience without compromising quality and customer satisfaction. Leno offers differentiated products with a price discrimination based n different levels of consumers. This diversification of its products has allowed Leno to provide flexible pricing options to its customer base world-wide. Price Adjustments Leno has established a pricing agreement with schools that provides students with the ability to purchase hardware (laptops, desktops) at a significantly reduced cost. If you are a Leno faceable fan youd be one of the first to know about new products, sweepstakes, and more. Leno also offers limited time monthly e-coupons along with daily, weekly, and monthly hot deals on various websites. Lenos Affinity program offers organizations a solution for Employees, Students, and Members to purchase Leno PC products, accessories and options directly from Leno at discounted prices. Additionally, Leno uses promotions in the form of coupons, instant savings, and online rebates to directly influence it customers. Conclusions Leno started from a small factory to now being one of the worlds most influential brands, exporting its products to over 100 countries and regions world-wide. Lenos strong brand names makes Leno perform well in the market world-wide.

Friday, March 13, 2020

Department of Education Essay Example

Department of Education Essay Example Department of Education Essay Department of Education Essay The United States Department of Education also referred to as ED or the ED for (the) Education Department, is the smallest Cabinet-level department of the United States government (U. S. Department of Education). It is an agency set up by the federal government to establish policies and regulations for administrators, and coordinates many federal aids to education (U. S. Department of Education). It assists the president in executing his educational policies (U. S. Department of Education). The Department of Education purpose is to assist America’s students, and to make sure everyone has equal access to education (U. S. Department of Education). When congress passed the public law in 1979 creating the Department of Education it also declared these purposes; to strengthen federal commitment to making sure everyone has equal access to education, to supplement the state and local school system, to encourage the public, parents and students to be involves in federal educational programs, to help with improvements in the school system by gathering data and sharing information with them, to improve with coordination of federal educational programs, to help improve the efficiency of educational programs, including the dispersal of funds, and also to increase the accountability of federal education programs to the president, congress, and the public (U. S. Department of Education). The Department of Education is fairly new itself, but it dates back to 1867 (U. S. Department of Education). The first Department of Education was created by President Andrew Johnson (U. S. Department of Education). Its main purpose was to collect information about America’s schools (U. S. Department of Education). Many people were afraid the Department of Education would have too much control over state and local schools, therefore it was eliminated (U. S. Department of Education). In 1868, the new Department of Education was an Office of Education (U. S. Department of Education). In the 1950’s, the Department of Education was in need of expansion in federal funding (U. S. Department of Education). Again in the 1960’s the Department of Education received an expansion in federal funding (U. S. Department of Education). President Johnsons War on Poverty required the creation of many more programs to improve education, primarily for underprivileged youth from grade school through Post-secondary schooling (U. S. Department of Education). The Department of Education continued to expand with the needs of racial minorities, women, people with disabilities, and non-English speaking students (U. S. Department of Education). In October 1979 Congress passed the U. S. Department of Education Organization Act (U. S. Department of Education). The Department of Education is headquartered in Washington, D. C. , where about 3,600 staff work in several buildings (U. S. Department of Education). Another 1,400 staff work in ED’s ten regional offices (U. S. Department of Education). These offices help represent ED’s goals and views in their particular region, especially in the area of student financial assistance, civil rights enforcement, vocational rehabilitation services, and audits and investigations (U. S. Department of Education). The budget and workforce of the Department of Education has changed drastically over the past 150 years. In the 1860’s the budget was $15,000 and only had 4 employees, by the 1960’s the budget was $1. 5 billion and had more than 2000 employees, and as of 2002, the Department of Education had a budget of $54. 5 billion and almost 5,000 employees (U. S. Department of Education). Although the number of employees has not changed much in the last ten years the budget has fluctuated from year to year. The 2012 overall budget is set for $77 billion which is an increase of 11% over the 2011 budget (Anderson). The amount for the 2012 budget has not been approved by Congress and is being funded through continuing resolutions (Anderson). The Department of Education has four main duties (U. S. Department of Education). First, the Department of Education establishes policies relating to financial aid, distributes said funds, and monitors their use (U. S. Department of Education). The second duty is to collect data and supervise research on America’s schools and relays information to the public (U. S. Department of Education). The third duty of the Department of Education is to identify major issues and problems in education and draw them to the attention of the public (U. S. Department of Education). The fourth and final main duty of the Department of Education is to enforce federal statutes prohibiting discrimination in federally funded programs, and to ensure equal access to all (U. S. Department of Education). How is the Department of Education organized? The secretary of education, Arne Duncan, leads the Department of Education and publicizes the goals and objectives of the Department of Education (U. S. Department of Education). The secretary of education is a member of the president’s cabinet and is the main advisor to the president on anything to do with the Department of Education (U. S. Department of Education). The secretary of education is nominated by the president and confirmed by the Senate (U. S. Department of Education). The deputy secretary and the under-secretary help the secretary of education in the overall scheme of things in the Department of Education (U. S. Department of Education). The secretary of education also appoints an assistant to manage the eight program offices (U. S. Department of Education). These offices include: the office of English Language Acquisition, Office for Civil Rights, Office of Innovation and Improvement, Office of Elementary and Secondary Education, Office of Post-Secondary Education, Office of Special Education and Rehabilitative Services, Office of Federal Student Aid, and Office of Vocational and Adult Education (U. S. Department of Education). The Office of General Counsel provides the secretary of education and other Department of Education officials with legal services (U. S. Department of Education). The Office of General Counsel also prepares documents, and oversees the regulatory review process (U. S. Department of Education). The Inspector General audits and investigates Department of Education programs to detect and prevent fraud and abuse (U. S. Department of Education). The office of Public Affairs supports the secretary of education at public functions and also provides information pertaining to education to the media, students, parents, and the public (U. S. Department of Education). The Office of Legislation and Congressional Affairs deal with external relations and also serve as a contact for the Department of Education to Congress (U. S. Department of Education). The Office of Intergovernmental and Interagency Affairs serves as the contact to state and local agencies (U. S. Department of Education). The Planning and Evaluation Services are involved with program evaluations, planning, and policy analysis (U. S. Department of Education). They also work with the Budget Service (U. S. Department of Education). The Office of Management, the Office of the Chief Financial Officer, and the Office of the Chief Information Officer handles Department of Education Operations (U. S. Department of Education). The Department of Education is a very complex system and requires a large organizational structure. This form of management is very successful due to the fact that it has worked for the Department of Education for the past twenty-five years. Any company or governmental agency such as the Department of Education must grow with the times, but for the most part the organizational style chosen here has remained the same. There is no need to change something that is functional. References Anderson, Nick. Budget 2012: Department of Education. Washington Post (2011): n. pag. Web. 08 Jul 2011. . U. S. Department of Education. Washington, D. C. : , 2009. Web. 8 Jul 2011. .

Tuesday, February 25, 2020

Transportation regulation and public policy by land, sea, and air due Essay

Transportation regulation and public policy by land, sea, and air due to the Deregulation Act of 1978 - Essay Example (Moses, 1989) One of the main reasons for passing regulatory reform bills was to make the lawmakers realize that increased competition would lead to more efficient operations that would not only lower rates in the air, land and sea industries but would also not compromise upon safety issues or quality of service. "Some changes in quality of airline service were, in fact, hoped for. It was commonly believed that after deregulation 1978, the suppression of price competition by the Civil Aeronautics Board (CAB) would foster competition in service quality variables that would be highly uneconomical, such as too early replacement of aircraft and departures at major airports that were excessive in light of existing load factors. It was also asserted that such quality competition would drove the costs up, which would led to proposals to the CAB for relief in the form of fare increases. However, the positive effects of such increases (which were almost always granted in the past before deregulation) on t he profitability of airline operations were soon dissipated by another round of quality competition and increased in costs of operation". (Moses, 1989) In the rail industry, nevertheless, the essence of the regulatory transition problem was never summarized and the expectations were not fulfilled. Presently, the rail industry is subject to substantial sunk costs, since assets are long-lived and specialized to certain geographic markets. Much of the traffic is subjected to effective competition from competing railroads, modes of transportation, origins and destinations, or products. Some shippers, however, are successful in transporting commodities for which rail have a substantial competitive advantage over competing modes, even if they are available in principle. Further, after 1978 deregulation Act these shippers have sunk considerable costs in specific locations or signed contracts with customers or vendors, which make them captive to individual railroads. The difficult problem in the transition is to permit maximum leeway for competitive forces while maintaining a substitute for the regulatory protection that was relied upon by captive shippers when they sank costs. These long-term investments were initially made by the shipper with the presumption of continued regulation and thus without the usual contractual protections against "opportunistic behavior" by the carrier in such circumstances". (Baker et al, 1991, p. 12) "In the rail industry, after 1978 the ICC does not now assume jurisdiction over rates unless it has made a determination that the rail carrier possesses market dominance over the traffic. Section 4 addresses issues in market dominance determination, particularly the role of the revenue/variable cost ratio". The history of railroad regulatory policy may be largely summed up as an attempt to resolve the conflicting objectives.