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Lesson One 1

TEXT:What Is Managerial Economics? 1

CONTENTS 1

WORDS 5

NOTES 8

EXERCISES 9

Lesson Two 12

TEXT:Relationship of Managerial Economics to Business Administration 12

WORDS 17

NOTES 20

EXERCISES 22

TEXT:Production and Operations 24

Lesson Three 24

WORDS 28

NOTES 31

EXERCISES 32

Lesson Four 35

TEXT:Policy Decisions 35

WORDS 39

NOTES 42

EXERCISES 43

Lesson Five 46

TEXT:Trouble with a Special Order 46

WORDS 50

NOTES 52

EXERCISES 53

Lesson Six 55

TEXT:Forecasting 55

WORDS 60

NOTES 61

EXERCISES 62

Lesson Seven 64

TEXT:Economic Indicators and Econometric Models 64

WORDS 68

NOTES 70

EXERCISES 71

Lesson Eight 73

TEXT:A Labour Dispute 73

WORDS 79

NOTES 81

EXERCISES 81

Lesson Nine 83

TEXT:Appointing the New Advertising Manager 83

WORDS 88

NOTES 91

EXERCISES 93

TEXT:Transportation and Physical Distribution 96

Lesson Ten 96

WORDS 101

NOTES 104

EXERCISES 104

Lesson Eleven 107

TEXT:Government Economic Planning(A Brief survey) 107

WORDS 110

NOTES 111

EXERCISES 112

Lesson Twelve 115

TEXT:Statistics(1) 115

WORDS 117

NOTES 119

EXERCISES 120

Lesson Thirteen 122

TEXT:Statistics(2) 122

WORDS 127

NOTES 130

EXERCISES 132

Lesson Fourteen 134

TEXT:The Field of Accounting 134

WORDS 139

NOTES 144

EXERCISES 145

TEXT:Cost Accounting 147

Lesson Fifteen 147

WORDS 151

NOTES 155

EXERCISES 155

Lesson Sixteen 157

TEXT:Business Transactions and Financial Statements 157

WORDS 163

NOTES 167

EXERCISES 168

TEXT:Auditing 170

Lesson Seventeen 170

WORDS 175

NOTES 179

EXERCISES 180

Lesson Eighteen 184

TEXT:Credit 184

WORDS 187

NOTES 189

EXERCISES 190

Lesson Nineteen 192

TEXT:Insurance 192

WORDS 197

NOTES 200

EXERCISES 201

Lesson Twenty 203

TEXT:The Nature of Management Science(1) 203

WORDS 207

NOTES 209

EXERCISES 210

Lesson Twenty One 212

TEXT:The Nature of Management Science(2) 212

WORDS 216

EXERCISES 218

NOTES 218

Lesson Twenty Two 220

TEXT:The Basic Letter of Credit 220

WORDS 225

NOTES 227

EXERCISES 229

Lesson Twenty Three 231

TEXT:History of Materials Management 231

WORDS 234

NOTES 237

EXERCISES 238

TEXT:The Objectives of Materials Management 241

Lesson Twenty Four 241

WORDS 245

NOTES 247

EXERCISES 247

Lesson Twenty Five 250

TEXT:Introduction to Principles of Inventory and Materials Management 250

WORDS 254

NOTES 256

EXERCISES 257

Lesson Twenty Six 260

TEXT:Types of Inventory and Its Functions 260

WORDS 265

NOTES 267

EXERCISES 267

Lesson Twenty Seven 270

TEXT:Productivity-A Work Study Survey 270

WORDS 274

NOTES 276

EXERCISES 276

Lesson Twenty Eight 278

TEXT:Inspection and Claim 278

WORDS 281

EXERCISES 284

NOTES 284

Lesson Twenty Nine 286

TEXT:The Time Value of Money 286

WORDS 290

NOTES 291

EXERCISES 293

Lesson Thirty 296

TEXT:Brief Introduction to the Wang VS Computer 296

WORDS 300

NOTES 301

EXERCISES 301

TEXT:The Keyboard 304

Lesson Thirty One 304

WORDS 309

NOTES 310

EXERCISES 311

Lesson Thirty Two 313

TEXT:Materials Administration-A European View 313

WORDS 317

NOTES 319

EXERCISES 321

Lesson Thirty Three 324

TEXT:Contract Law 324

WORDS 326

NOTES 329

EXERCISES 329

Lesson Thirty Four 332

TEXT:Patents and Torts 332

WORDS 335

NOTES 337

EXERCISES 338

Lesson Thirty Five 342

TXET:The Law of the People's Republic of China on Joint Vent ures Using Chinese and Foreign Investment 342

WORDS 347

NOTES 349

EXERCISES 350

Lesson Thirty Six 353

TEXT:Regulations of the People's Republic of China on Labour Management in Joint Ventures Using Ch inese and Foreign Investment 353

WORDS 355

NOTES 356

EXERCISES 357

Lesson Thirty Seven 360

TEXT:The Income Tax Law of the People's Republic of China ConcerningJoint Vent ures with Chinese and Foreign Investment 360

WORDS 363

NOTES 364

EXERCISES 365

Reference Translation 368

Reference Key to Exercises 475