The contribution concentrates on concepts of efficiency in economical literature, relations among defined concepts of efficiency and their application in practice. The first section identifies concepts of economical efficiencies. Gained information is transformed into a scheme in the final section. The scheme describes both defined concepts and relations among them.
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The paper deals with bankruptcy models generated by multiple discriminant analysis. It evaluates their design. It addresses the shortcomings by which such bankruptcy models (especially Altman's indexes) feature. The conclusion is then focused on the possibility of application Altman's indexes in the Czech Republic. It respectively, oers two options for correction of existing indices, which could increase their explanatory value. It's just necessary to assess the depth of the correction to the applicable bankruptcy model and its relevant information value.
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This paper provides a comprehensive method for the evaluation of a company. Specifically, it concerns the prediction of the viability of Czech construction companies. The construction industry is a very specific industry. This is primarily due to the nature of the product. The use of many production factors to convert to a farm (a house, a factory building, etc.) is assumed. Each contract of a construction company (apart from the exceptions) is usually unique. In addition, the field produces long-term assets. As the generic name suggests, the product is used by a consumer (a household or firm) over a long period of time. Such a product is seen to some extent as a consumer one in the consumer market. However, it enters the market of production factors in the form of fixed assets. Due to this fact, construction is usually a field which first inhibits its activity and suffers a loss in times of crisis. On the other hand, it also becomes the first field which enters a phase of growth after a crisis period. The offered method is not only a suitable tool for managers of individual companies, but it may indicate the stage of the economic cycle in the particular country or in a particular market at ta correct selection of those monitored companies. The methodology of the formation in an offered model is applicable not only in the Czech Republic but it is also transferable to other countries in Europe and the world, where it will also be able to take into account the specifics of local markets, too, after its application.
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This work describes electronic business as an important instrument of globali zation of the world. Internet is a communication media that allows us communicate with people all over the world. Business is a medium that people use for filling their ne- eds. Thanks to it people tried to use internet for making business. They found out that internet brings them numerous advantages in comparison with classic stores. They can buy things sitting at home, gaining all accessible information, secretly and so on. People buy things that are made all over the world in relation to their needs. The range of goods they can get was thanks to internet multiplied. People all over the world use the same good, difference among regions of the world vanish. Culture of the nations is going to be similar. Ratio of globalization of the world is growing day by day.
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