• Tidak ada hasil yang ditemukan

Kajian Faktor-Faktor Motivasi yang Berpengaruh terhadap Minat Berwirausaha pada Mahasiswa Program Studi Manajemen Fakulas Ekonomi Unika Widya Mandala Madiun

N/A
N/A
Protected

Academic year: 2017

Membagikan "Kajian Faktor-Faktor Motivasi yang Berpengaruh terhadap Minat Berwirausaha pada Mahasiswa Program Studi Manajemen Fakulas Ekonomi Unika Widya Mandala Madiun"

Copied!
15
0
0

Teks penuh

(1)

'0/'4'1:58'1:585:/<'9/ >'4-+86+4-'8;. :+8.'*'6/4':+8=/8';9'.' 6'*''.'9/9=' 85-8'3":;*/ '4'0+3+4 '1;2'915453/

$4/1'&/*>''4*'2''*/;4

%+854/1'-;9:/4/"8/3;2>'4/ 41)4#/67&+#0#,'/'0 #-7.6#5-101/+

0+8'45+6#5#61.+- "+&;##0&#.##&+70

!&#! $ %$ $%&) $ % )* %'% % #$ ( & % %#$% %#!#&#$! $% #$ !#$#$% #!#$ ( ## % %$#$#$ $ #%# %#$% %$%&%$(%#% #!#%# &%$!#$%&)(%%$%&%$ % !#%% % '#$%) )&$%$ %#$! % %$ #$# $ &# % (# )* &$ &%! # ##$$ )$$%"&(%$ %(#'#$ #$&% %$&% &$ %$%%%%#$% #!#$ ( ## ! $%'$% % %$%&%$+%#$%%#!#&#$!%#$&% %!#%%$%$ ( %%#$% #!#$ ! $%'$%% %$%&%$+%#$% %#!#&#$! ('# % %#$% %#!#&#$! '( # % $%&%$+ #!#%# &($ $%#

#$% #!#$ ( ## %#$%%#!#&#$!

+4*'.;2;'4

':'8+2'1'4-8J4F4 <A< @4FL4E4>4G >8FH?<G4A 74?4@ @8A8@H>4A ?4C4A:4A C8>8E=44A 4AL4>AL4 BE4A: 78A:4A :8?4E F4E=4A4 74A 58E>8<A:<A4A HAGH> 74C4G @8@8AH;<>85HGH;4AF8;4E< ;4E<AL4@8A=47<94>GBEL4A:@8@<6HBE4A: BE4A: HAGH>@8A64E<C8>8E=44A+8EF4<A:4AL4A:58:<GH>8G4G74?4@F8?8>F<C8>8E=44A74A 54AL4>AL4 BE4A: L4A: 58EF4<A: 74?4@ @8A64E< C8>8E=44A @8@5H4G 54AL4> :8A8E4F<@H74L4A:@8A=47<C8A:4A::HE4A4G4H@8A74C4G>4AC8>8E=44AL4A: >HE4A:?4L4>

474A +HF4G -G4G<FG<> +- @8AL4G4>4A G<A:>4G C8A:4A::HE4A G8E5H>4 7< $A7BA8F<4 C474 !85EH4E< @8A64C4< 4G4H =HG4 BE4A: ;GGC9<A4A6878G<>6B@E847 -4?4; F4GH 4?G8EA4G<9 HAGH> @8@864;>4A @4F4?4; C8A:4A::HE4A 74A >8@<F><A4A 7< $A7BA8F<4 474?4; 78A:4A @8@58E74L4>4A @4FL4E4>4G ?8J4G J<E4HF4;4 (8A::4?4>>4A 5H74L4 58EJ<E4HF4;4 74?4@ @4FL4E4>4G 4>4A @4@CH @8@54AGH @8@5H>4 ?4C4A:4A >8E=4 F8;<A::4 G8A4:4 >8E=4 74C4GG8EF8E4C74A58E74@C4> @8A:HE4A:< C8A:4A::HE4A

(2)

>8@4@CH4AAL4 74?4@ @8@58E< 7BEBA:4A A<4G @4FL4E4>4G >;HFHFAL4 @4;4F<FJ4 HAGH> 58EJ<E4HF4;4 8A:4A @8AH@5H;>4A A<4G 58EJ<E4HF4;4 C474 @4;4F<FJ4 >4E8A4 @4;4F<FJ4@8EHC4>4A >B@CBA8A@4FL4E4>4GL4A:G8E7<7<> F8;<A::474C4G 7<=47<>4A GH@CH4A ;4E4C4A @4FL4E4>4G 74?4@ @8@5H>4 ?4C4A:4A >8E=4 (4;4F<FJ4 +EB:E4@-GH7< (4A4=8@8AL4A:@8A8>HA<<?@H@4A4=8@8A >;HFHFAL4 >8J<E4HF4;44A 7<;4E4C>4A @8@<?<>< =<J4 J<E4HF4;4 L4A: G<A::< F8;<A::4 ;4? <A< 4>4A @4@CH @8@5H>4 ?4C4A:4A >8E=4 L4A: ?85<; ?H4F 8A:4A >BA7<F< G8EF85HG @4>4 C8E:HEH4A G<A::< A8:8E< @4HCHA FJ4FG4 HAGH> @4@CH @8AL<4C>4A @4;4F<FJ4AL4 >;HFHFAL4 +EB:E4@ -GH7< (4A4=8@8A HAGH> @8@<?<>< >4E4>G8E<FG<> J<E4HF4;4 F8;<A::4 74C4G @8A=47< J<E4HF4;4 L4A: HA::H? #4? <A< 7<@4>FH7>4A 4:4E @4;4F<FJ4 +EB:E4@ -GH7< (4A4=8@8A G<74> @8A::4AGHA:>4A >8E=4 C474 BE4A: ?4<A @8?4<A>4A @8@<?<>< >858E4A<4A HAGH> @8@5H>4 HF4;4 F8A7<E< 4G4H 58EJ<E4HF4;4

&85HGH;4A C8A68G4>4A J<E4HF4;4 J<E4HF4;4 54EH F8@4><A 7<>H>H;>4A @8A:<A:4G @4F<; F87<><GAL4 =H@?4; J<E4HF4;4 7< $A7BA8F<4 %H@?4; C8A:HF4;4 7< $A7BA8F<4 @4F<; E8A74; -8G<74>AL4 54EH 74E< =HG4 C8A7H7H> $A7BA8F<4 L4A:@8A=47<C8A:HF4;4FH>F8F ;GGC9BEH@78G<>6B@ #4?<A<7<F8545>4A >4E8A4/+0&5'6L4A: @4F<; @8A:4A::4C 54;J4 F8G8?4; ?H?HF 474?4; @8A64E< >8E=4 %47< F87<><GAL4 =H@?4; C8A:HF4;4 4G4H J<E4HF4;4 A4F<BA4? 7<F8545>4A E8A74;AL4 @<A4G?H?HF4AC8E:HEH4AG<A::<7<$A7BA8F<4L4A:@4H@8A=47<C8A:HF4;4

+47474F4EAL4C8@58AGH>4A=<J4>8J<E4HF4;44A7<C8A:4EH;<B?8;94>GBE <AG8EA4?74A8>FG8EA4?+E<L4AGB !4>GBE<AG8EA4?L4A:58E4F4? 74E<74?4@ 7<E< J<E4HF4;4 74C4G 58EHC4 F<94G F<94G C8EFBA4? F<>4C >8@4H4A 74A >8@4@CH4A <A7<I<7H L4A: 74C4G @8@58E< >8>H4G4A <A7<I<7H HAGH> 58EJ<E4HF4;4!4>GBE8>FG8EA4?58E4F4?74E<?H4E7<E<C8?4>H'064'24'0'74L4A:74C4G 58EHC4 HAFHE 74E< ?<A:>HA:4A F8><G4E F8C8EG< ?<A:>HA:4A >8?H4E:4 ?<A:>HA:4A 7HA<4HF4;4?<A:>HA:4A9<F<>?<A:>HA:4AFBF<4?8>BAB@< 74A?4<A ?4<A

(8AHEHG-HF4AGB 5858E4C494>GBE L4A:@8@BG<I4F<F8F8BE4A:HAGH> @8A=47< '064'24'0'74 474?4; >8<A:<A4A @8E4F4>4A C8>8E=44A 5854F >858E;4F<?4A 7<E<L4A:7<64C4<74AGB?8E4AF<4>4A474AL4 E<F<>B +8A8?<G<4A(4;8F474A,4;4E7=4 74A 7< .4@4 @8A8@H>4A 54;J4 94>GBE 94>GBE @<A4G 58EJ<E4HF4;4 F8C8EG< GB?8E4AF< 4>4A E<F<>B >858E;4F<?4A 7<E< 74A >85854F4A 74?4@ 58>8E=4 58EC8A:4EH; F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4 54<> F864E4 C4EF<4? @4HCHAF864E4F<@H?G4A858E4C4FGH7<=H:4@8A8@H>4A94>GBEFBF<B78@B:E49< 74C4G@8A7BEBA:@HA6H?AL4@<A4GF8F8BE4A:HAGH>58EJ<E4HF4;4!4>GBE 94>GBE FBF<B78@B:E49<L4A:7<G8?<G<4AG4E4?4<A@8?<CHG<=8A<F>8?4@<AH@HE%B;AFBA'6#. 74AC8>8E=44ABE4A: GH4"8EEL'6#. )<F;4AG4 -H;4EG<74A-<E<A8 74A (4;8F474A,4;4E7=4 @8A8@H>4AC8E58744A@<A4G58EJ<E4HF4;4 7<?<;4G74E<?4G4E58?4>4A:C8>8E=44ABE4A:GH4

!;3;9'4'9'2'.

(3)

5 4:4<@4A4 C8A:4EH; F864E4 F<@H?G4A 94>GBE 94>GBE @BG<I4F< GB?8E4AF< 4>4A E<F<>B >858E;4F<?4A 7<E< 74A >85854F4A 74?4@ 58>8E=4 G8E;474C @<A4G 58EJ<E4HF4;4

6 C4>4;?4G4E58?4>4A: C8>8E=44ABE4A:GH4 74A =8A<F>8?4@<A @8@5874>4A?8I8? @<A4G58EJ<E4HF4;4

#;0;'4 +4+2/:/'4

4 (8A:H=<C8A:4EH; F864E4C4EF<4? GB?8E4AF<4>4AE<F<>B>858E;4F<?4A7<E<74A >85854F4A74?4@58>8E=4 G8E;474C@<A4G58EJ<E4HF4;4

5 (8A:H=<C8A:4EH;F864E4F<@H?G4A94>GBE 94>GBE@BG<I4F<GB?8E4AF<4>4AE8F<>B >858E;4F<?4A7<E<74A>85854F4A74?4@58>8E=4G8E;474C@<A4G58EJ<E4HF4;4 6 (8A:4A4?<F<F C8E58744A ?8I8? @<A4G 58EJ<E4HF4;4 7<?<;4G 74E< ?4G4E 58?4>4A:

C8>8E=44A BE4A:GH4 74A =8A<F>8?4@<A

#/40';'4 ;9:'1' 5:/<'9/

(BG<I4F< 474?4; >84744A 74?4@ CE<547< F8F8BE4A: L4A: @8A7BEBA: >8<A:<A4A<A7<I<7HHAGH>@8?4>H>4A>8:<4G4A >8:<4G4AG8EG8AGH:HA4@8A64C4< GH=H4A #4A7B>B .8BE< @BG<I4F< L4A: @8A=47< 74F4E >4=<4A 474?4; G8BE< @BG<I4F<L4A:7<>8@54A:>4AB?8;4I<7(6?8??4A7(6?8??4A7 74?4@&B; @8A8@H>4A 54;J4 <A7<I<7H 78A:4A 7BEBA:4A CE8FG4F< L4A: G<A::< 58E5874 74E< BE4A: ?4<A 74?4@ >8<A:<A4A >H4G @8E8>4 HAGH> @8?4>H>4A ;4? ;4? 78A:4A ?85<; 54<> $A7<I<7H L4A: @8@<?<>< >85HGH;4A 58ECE8FG4F< ?85<; FH>4 C8>8E=44A C8>8E=44A L4A: 7<@4A4 @8E8>4 @8@<?<>< G4A::HA: =4J45 CE<547< 4>4A @8@C8EB?8; 54?<>4A 74A GH:4F C8>8E=44AAL4 @8@<?<>< E8F<>B L4A: F874A: 4?4@C8A8?<G<4AAL4(6?8??4A7 74?4@ &B; @8A8@H>4A54;J4<A7<I<7H L4A: @8@<?<>< >85HGH;4A HAGH> 58ECE8FG4F< C4?<A: G<A::< 474?4; C4E4 J<E4HF4;4J4AL4A:58E;4F<?

/4': +8=/8';9'.'

(4)

#52+8'49/ '1'4!/9/15

-4?4; F4GH 6<E< J<E4HF4;4 474?4; >858E4A<4A 74?4@ @8A:4@5<? E<F<>B 74A @8ALH>4< G4AG4A:4A 74A @8@<?<>< <A<F<4G<9 G<A::< (8E87<G;'6 #. &8@4H4A 74A>8@4@CH4A HAGH>@8A:4@5<?E<F<>B@8EHC4>4AF4?4;F4GHA<?4<HG4@474?4@ 58EJ<E4HF4;4 064'24'0'74 L4A: G<74> @4H @8A:4@5<? E<F<>B 4>4A FH>4E @8@H?4< 4G4H 58E<A<F<4G<9 -8BE4A: J<E4HF4;4 L4A: 58E4A< @8A4A::HA: E<F<>B 474?4; BE4A:L4A:F8?4?H<A:<A=47<C8@8A4A:74A@8@8A4A:>4A78A:4A64E4L4A:54<> +(+8.'9/2'4 /8/*'2'3 +8=/8';9'.'

-4?4; F4GH 6<E< @8ABA=B? J<E4HF4;4 (6?8??4A7 74?4@ &B; 474?4;>85HGH;4AL4A:>H4G4>4ACE8FG4F<4G4H>858E;4F<?4A7<E< &858E;4F<?4A7<E< F854:4< F8BE4A: '064'24'0'74 74C4G 58E4F4? 74E< @8A74C4G>4A >8F8@C4G4A L4A: 7<<A:<A>4A74A>8HAGHA:4A4G4FC8>8E=44AL4A:G8?4;7<?4>H>4A'<A:>HA:4A L4A: 7<A4@<F @8AL8545>4A F8BE4A: '064'24'0'74 @8A:;474C< >8;4EHF4A HAGH> @8AL8FH4<>4A 74A @8A:8@54A:>4A 7<E< 4:4E >858E;4F<?4A 74C4G 7<64C4< -8BE4A: '064'24'0'745H>4AF4=4@8A:<>HG<C8EH54;4AL4A:G8E=47<74?4@7HA<4HF4;4 G4C< C8E?H 58EH54; F8F8E<A:>4?< 74A 78A:4A 68C4G @8@<?<>< C8@<><E4A L4A: <ABI4G<974A58EBE<8AG4F<C474@4F478C4A

+(+('9'4*'2'3 +1+80'

858E4C4 '064'24'0'74 @8A::HA4>4A >85854F4AAL4 HAGH> @8ALHFHA >8;<7HC4A74AC8E<?4>H>8E=4CE<547<AL4F864E49?8>F<58?&8AL4G44AAL454AL4> F8BE4A: '064'24'0'74 G<74> @8A:HG4@4>4A 9?8>F<5<?G4F 7< F4GH F<F< F4=4 4>4A G8G4C< '064'24'0'74 @8A:;4E:4< >85854F4A 74?4@ >4E<E >8J<E4HF4;44A F8C8EG< @8A:8E=4>4A HEHF4A @8E8>4 78A:4A 64E4 F8A7<E< @8@HA:HG ?454 F8A7<E< 74A @8A:4GHE=47J4? F8A7<E<#8A7EB &85854F4A74?4@58>8E=4474?4; FH4GH A<?4<?85<;54:<F8BE4A:'064'24'0'74

+4+2/:/'4#+8*'.;2;*'4 +4-+3('4-'4/65:+9/9

-8:4? 74A BE:<4 7< .4@4 (4;8F4 74A ,4;4E7=B @8A8@H>4A 94>GBE 94>GBE @BG<I4F< L4A: @8@C8A:4EH;< @<A4G @4;4F<FJ4 74?4@ 58EJ<E4HF4;4 L4<GH GB?8E4AF< 4>4A E<F<>B >858E;4F<?4A 7<E< 74?4@ 58EJ<E4HF4;4 74A >85854F4A 74?4@ 58>8E=4 #4F<? L4A: 7<74C4G 474?4; C8A:4EH; F<:A<9<>4A >8G<:4 I4E<458? 78A:4A @<A4G @4;4F<FJ4 74?4@ 58EJ<E4HF4;4

(5)

4?4@ C8A8?<G<4A -4EJB>B 7<G8@H>4A 474AL4 C8E58744A ?8I8? <AG8AF<G4F >8J<E4HF4;44A @4;4F<FJ4 L4A: BE4A: GH4 4G4H F4H74E4AL4 @8@<?<>< HF4;478A:4AL4A:G<74>@8@<?<><HF4;47< @4A4@4;4F<FJ4L4A:BE4A:GH44G4H F4H74E4AL4@8@<?<><HF4;4@8@<?<><?8I8?<AG8AF<>8J<E4HF4;44AL4A:?85<;G<A::< 74E<C474@4;4F<FJ4L4A:BE4A:GH44G4HF4H74E4AL4G<74>@8@<?<><HF4;4!4>GBE =8A<F>8?4@<A74?4@5858E4C4C8A8?<G<4A58EC8A:4EH;G8E;474CA<4G58EJ<E4HF4;47< @4A4 7<G8@H>4A 54;J4 @4;4F<FJ4 @8@<?<>< A<4G 58EJ<E4HF4;4 L4A: ?85<; G<A::< 74E<C474@4;4F<FJ<,4F;887 74A )<F;4AG4

8E74F4E>4A G<A=4H4A CHFG4>4 74A ;4F<? C8A8?<G<4A G8E74;H?H ;<CBG8F<F C8A8?<G<4A7<EH@HF>4AF854:4<58E<>HG

# GB?8E4AF< 4>4A E<F<>B 58EC8A:4EH; F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4

# >858E;4F<?4A 7<E< 58EC8A:4EH; F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4

# >8<A:<A4A @8E4F4>4A >85854F4A 74?4@ 58>8E=4 58EC8A:4EH; F<:A<9<>4A CBF<G<9G8E;474C@<A4G58EJ<E4HF4;4

# 94>GBE 94>GBE @BG<I4F< GB?8E4AF< 4>4A E<F<>B >858E;4F<?4A 7<E< 74A >85854F4A 74?4@ 58>8E=4 F864E4 F<@H?G4A 58EC8A:4EH; CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4

# G8E74C4GC8E58744A@<A4GHAGH>58EJ<E4HF4;47<?<;4G74E<?4G4E58?4>4A: C8>8E=44ABE4A:GH4

# G8E74C4GC8E58744A@<A4GHAGH>58EJ<E4HF4;47<?<;4G74E<=8A<F>8?4@<A 5*+2 +4+2/:/'4

(6)

+:5*+ +4+2/:/'4

56;2'9/ *'4 #+14/1 +4-'3(/2'4 "'36+2

+BCH?4F<C8A8?<G<4A<A<474?4; F8?HEH; @4;4F<FJ4 F8@8FG8E>84G4F +EB:E4@ -GH7< (4A4=8@8A !4>H?G4F >BAB@< /A<I8EF<G4F &4GB?<> 1<7L4 (4A74?4 (47<HA L4A: 4>G<9 @8A8@CH; C8E>H?<4;4A . 54<> >8?4F E8:H?4E C4:< @4HCHA >8?4F E8:H?4E FBE8 ;4E< L4A: 58E=H@?4; @4;4F<FJ4 4?4@ C8A8AGH4A =H@?4; F4@C8? L4A: 7<4@5<? C8AH?<F @8A:46H C474 C8A74C4G E<>HAGB 54;J4 P+8A:4@5<?4AF4@C8?4C45<?4FH5=8>AL4>HE4A:74E<?85<;54<>7<4@5<?F8@H4 F8;<A::4C8A8?<G<44AAL4@8EHC4>4ACBCH?4F<Q%47<74?4@C8A8?<G<4A<A<@8A:4@5<? CBCH?4F<AL4F854:4<E8FCBA78A

+,/4/9/6+8'9/54'2%'8/'(+2 +4+2/:/'4

4 (<A4G 58EJ<E4HF4;4474?4;>868A78EHA:4A;4G<74?4@7<E<FH5=8>HAGH>G8EG4E<> @8A6<CG4>4A FH4GH HF4;4 L4A: >8@H7<4A @8A:BE:4A<F4F< @8A:4GHE @8A4A::HA:E<F<>B74A@8A:8@54A:>4AHF4;4L4A:7<6<CG4>4AAL4G8EF85HG 5 .B?8E4AF< 4>4A E<F<>B 58E>4<G4A 78A:4A >8@4@CH4A 74A >E84G<I<G4F 74?4@

@8AL8?8F4<>4A 58F4E >86<?AL4 FH4GH E<F<>B L4A: 7<4@5<? HAGH> @8A74C4G>4A C8A:;4F<?4AL4A:7<;4E4C>4A

6 &858E;4F<?4A 7<E< 74?4@ 58EJ<E4HF4;4 @8EHC4>4A C8A64C4<4A FH4GH GH=H4A HF4;4L4A:G8?4;7<G8AGH>4A

7 &85854F4A74?4@58>8E=4@8EHC4>4AFH4GH@B78?>8E=47< @4A4BE4A:74C4G @8A:8?B?4C8>8E=44A74A@4A4=8@8AC8EHF4;44AAL4F8A7<E< 98>G<974A 89<F<8A

8EBE<8AG4F<C474@4F478C4A .B?8E4AF< 4>4A ,<F<>B

2 &85854F4A 74?4@

8>8E=4 !4>GBE8@B:E49< %8A<F&8?4@<A

(7)

#+14/14'2/9/9

.8>A<>4A4?<F<F74G4 L4A:7<:HA4>4AHAGH>@8A=4J45GH=H4AC8A8?<G<4A 7<54:<@8A=47<L4<GH H=<>H4?<G4F74G4;4F<?>H8F<BA8E H=<4FH@F<>?4F<> 4A4?<F<F E8:E8F< ?<A<8E 58E:4A74 74A 10' 9#; #018# A4?<F<F E8:E8F< ?<A<8E 58E:4A74 7<:HA4>4AHAGH>@8A:H=<=4?HE ;H5HA:4A>4HF4?4A4?<F<F=4?HE4AG4E4I4E<458? <A78C8A78A GB?8E4AF< 4>4A E<F<>B >858E;4F<?4A 7<E< 74A >85854F4A 74?4@ 58>8E=4 G8E;474C I4E<458? 78C8A78AG @<A4G HAGH> 58EJ<E4HF4;4 0' 9#; #018# 7<:HA4>4AHAGH>@8A:H=<C8E58744A?8I8?A<4G58EJ<E4HF4;4@4;4F<FJ47<?<;4G74E< C8E58744A I4E<458? >BAGEB? C8>8E=44A BE4A: GH4 74A =8A<F >8?4@<A E8FCBA78A

'9/2 *'4 +3('.'9'4

'3('8'4$3;3!+9654*+4

,8FCBA78A 74?4@ C8A8?<G<4A <A< @4;4F<FJ4 >8?4F E8:H?8E C4:< 74A FBE8 ;4E< +EB:E4@-GH7< (4A4=8@8AF8@8FG8E$00$74A0$$$.8>A<>C8A:H@CH?4A74G4AL4 78A:4A 64E4 @8@54:<>4A >H8F<BA8E F864E4 ?4A:FHA: B?8; C8A8?<G< >8C474 @4;4F<FJ4 F44G 74G4A: >8 >4@CHF F854AL4> >H8F<BA8E L4A: >8@54?< +EB9<? E8FCBA78A74C4G7<?<;4GC474G458? G458?58E<>HG

#'(+2 85,/2 !+9654*+4 +8*'9'81'4 "+3+9:+8 "+3+9:+8 ;32'. +89+4:'9+

$0

0$

0$$$

.BG4?

-H@58E #4F<? &H8F<BA8E

#'(+2 85,/2!+9654*+4+8*'9'81'4+4/9+2'3/4

+4/9+2'3/4 ;32'. +89+4:'9+

'4>< ?4><

+8E8@CH4A

.BG4?

-H@58E #4F<? &H8F<BA8E

#'(+2 85,/2!+9654*+4+8*'9'81'4 +1+80''48'4-#;'

+1+80''48'4-#;' ;32'. +89+4:'9+

-J4FG4

1<E4FJ4FG4

+)-

+8G4A<

+8A78G4

.BG4?

(8)

#'(+2 85,/2!+9654*+4+8*'9'81'4#;0;'4'8/+8

+4/9+2'3/4 ;32'. +89+4:'9+

1<E4HF4;4

+8:4J4<

+8@4<A-8C4>B?4

.BG4?

-H@58E #4F<?&H8F<BA8E

4'2/9/9 !+-8+9//4/+8+8-'4*'

,<A:>4F4A ;4F<? 4A4?<F<F E8:E8F< 58E:4A74 HAGH> C8EF4@44A E8:E8F< L4A: 7<>8@54A:>4A74?4@C8A8?<G<4A<A<F854:4<58E<>HG

#'(+2 '9/2$0/!+-8+9//4/+8+8-'4*'

%'8/'(+2 +:' :

"/-BAFG4AG

2

2

2

-H@58E*HGCHG-+--+8EF4@44A E8:E8F< L4A: G8E58AGH> 74E< C8A:4EH; I4E<458? GB?8E4AF< G8E;474C E<F<>B2>858E;4F<?4A7<E<274A>85854F4A74?4@58>8E=42G8E;474C@<A4G 58EJ<E4HF4;43474?4;F854:4<58E<>HG

3 2 2 2

$0/

&8G8C4G4A FH4GH 9HA:F< E8:E8F< F4@C8? 74?4@ @8A4>F<E A<?4< 4>GH4? 74C4G 7<H>HE 74E< 11&0'55 1( +6 AL4 8E<>HG <A< H=< 11&0'55 1( +6 L4A: 7<?4>H>4A 7<4AG4E4AL4474?4;>B89<F<8A78G8E@<A4F<A<?4<FG4G<FG<>!74AA<?4<FG4G<FG<>G

' 58+2'9/+8-'4*' *'45+,/9/+4+:+83/4'9/+8-'4*'

+8A:H=<4AF864E418'4#.. G8E;474C@B78?G8EF85HG7<H=<78A:4A@8A::HA4>4A >B89<F<8A78G8E@<A4F<7<C8EB?8;;4F<?F854:4<58E<>HG

#'(+2 5*+2";33'8>( (B78

? , ,-DH4E8

7=HFG87 , -DH4E8

-G7 EEBEB9 G;8 FG<@4G8

HE5<A 14GFBA

4

(9)

( +4-;0/'4 +4-'8;."+)'8'"/3;2:'4 $0/ #'(+2 '9/2$0/

+89'3''4!+-8+9/ ./:;4- :'(+2 "/- +:+8'4-'4 3 NN2 N2 N28 -<:A<9<>4A

-H@58E*HGCHG-+--4E<G458? 74C4G7<?<;4G54;J4A<?4<C I4?H8F<:?85<;>86<? 74E<G4E49 F<:A<9<>4AF<;4?<A< 58E4EG<F864E4F<@H?G4AI4E<458?GB?8E4AF<G8E;474CE<F<>B2 >858E;4F<?4A 7<E< 2 74A >85854F4A 74?4@ 58>8E=4 2 58EC8A:4EH; F<:A<9<>4A G8E;474C@<A4G58EJ<E4HF4;43

) $0/ +4-'8;."+)'8' '89/'2$0/:

+8A:H=<4A <A< @8A::HA4>4A H=< G 78A:4A @8?<;4G 4C4>4; A<?4< A<?4< >B89<F<8A L4A:7<C8EB?8;58E5874F864E4F<:A<9<>4A4G4HG<74>4AG4E4G;<GHA:74AGG458?C474 G<A:>4G>8L4><A4AM /AGH>GG458?7<64E<78A:4AG458?G78A:4A79 A > 7<@4A4 > @8EHC4>4A =H@?4; I4E<458? <A78C8A78A )H:EB;B )<?4< A<?4< >B89<F<8A E8:E8F< 74A G ;<GHA:AL4 , 7<8FG<@4F< 74E< ;4F<? 4A4?<F<F E8:E8F< L4A: 7<B?4;78A:4A-+-- I8EF<74C4G7<?<;4GC474G458? 58E<>HG

#'(+2 !/4-1'9'4'9/24'2/9/9!+-8+9/

9:/3':+ "

+:'

! :./:

#

:'(+2 +:+8'4-'4

3 2 -<:A<9<>4A

3 2 -<:A<9<>4A

3 2 .<74>

-<:A<9<>4A -H@58E

%

4?4@ C8A8?<G<4A<A<)*0 7<:HA4>4AHAGH>@8A:8G4;H< C8E58744A ?8I8? @<A4G 58EJ<E4HF4;4 7<?<;4G 74E< ?4G4E 58?4>4A: C8>8E=44A BE4A: GH4 L4A: 58>8E=4 F854:4< J<E4HF4;4J4A 74A ABA J<E4HF4;4J4A 74A :8A78E 78A:4A H=< *1/1)'0'+6; 1( 8#4+#0%' /AGH> @8@58E<>4A G8F <A< 78A:4A A4@4 '8'0'<5 6'56 1( *1/1)'0'+6; 1( 8#4+#0%' %<>4 A<?4< '8'0' 6'56 F<:A<9<>4A CEB545<?<G4F @4>4 ;<CBG8F<F AB? 4>4A 7<GB?4> 74A ;<CBG8F<F 4?G8EA4G<9 L4A: 7<G8E<@4 54;J4 :EHC @8@<?<><8#4+#0%' L4A:58E58748E<>HG;4F<?H=<587478A:4A)*0

#'(+2'+<+4+9#+9:5,7;'2/:>5,8858%'8/'

! 79 79 -<:

.8FGFG;8AH??;LCBG;8F<FG;4GG;88EEBEI4E<4A68B9G;878C8A78AGI4E<45?8 <F8DH4?46EBFF:EBHCF

(10)

#'(+2(#+9:95,+:=++4";(0+):9,,+):9

"5;8)+

#>6+ ";35, "7;'8+9 ,

+'4

"7;'8+

"/-BEE86G87(B78? 4

$AG8E68CG

+>*EGH

"8A78E

+>*EGH"8A78E

EEBE

.BG4?

BEE86G87.BG4?

#37#4'&

-H@58E*HGCHG-+--4E<G458? 4 74AG458? 574C4G7<?<;4G54;J4A<?4<CEB545<?<G4F74E<'8'0' 6'56 G<74> F<:A<9<>4A @4>4 ;<CBG8F<F AB? 7<G8E<@4 4G4H ;<CBG8F<F 4?G8EA4G<9 7<GB?4> 4EG<AL4 @<A4G 58EJ<E4HF4;4 74E< @4;4F<FJ4 +EB:E4@ -GH7< (4A4=8@8A !4>H?G4F >BAB@< /A<>4 1<7L4 (4A74?4 (47<HA G<74> @8@<?<>< 8#4+#0%'L4A: 58E587454<>7<?<;4G74E<=8A<F>8?4@<A@4HCHAC8>8E=44ABE4A: GH47< @4A4HAGH>C8>8E=44ABE4A:GH47<5874>4A@8A=47<7H4L4<GH J<E4HF4;474AABA J<E4HF4;4

+3('.'9'4

' +4-'8;.#52+8'49/'1'4!/9/15 :+8.'*'6/4':+8=/8';9'.'

4E<;4F<?H=<;<CBG8F<F # C474G458?7<C8EB?8;;4F<?G;<GHA: G G458? 74A2 8#.7' M ;4? <A< 58E4EG< 54;J4 I4E<458? GB?8E4AF< G8E;474C E<F<>B 58EC8A:4EH; F864E4 F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4 @4;4F<FJ4 4?4@ ?<A:>HA:4A L4A: G<74> C4FG< '064'24'0'745*+2 7<GHAGHG GB?8E4A 4G4H 58E4A< @8A:;474C< E<F<>B E<F<>B L4A: 58E>4<G4A 78A:4A >8@4C4A4A 9<A4AF<4? C8?H4A: >4E<8E ;H5HA:4A >8?H4E:4 >BA7<F< 8@BF<BA4? 74A CF<><F +8A8?<G<4A <A< @8A7H>HA: ;4F<? C8A8?<G<4A G8E74;H?H (4;8F4 74A ,4;4E7=4 ;4<EL 74A 7< .4@4 L4A: @8A8@H>4A 54;J4 GB?8E4AF< 4G4F E<F<>B 58EC8A:4EH; F<:A<9<>4ACBF<G<9G8E;474C@<A4G58EJ<E4HF4;4

( +4-'8;.+(+8.'9/2'4/8/ :+8.'*'6/4':+8=/8';9'.'

(11)

78A:4A0''& (14 #%*+'8'/'06 L4A: G<A::< @8@<?<>< >8<A:<A4A >H4G HAGH> FH>F8F 74A F854:4< >BAF8>H8AF<AL4 4>4A @8@<?<>< C8E<?4>H '064'24'0'74+#. &B; #4F<? C8A8?<G<4A<A<@8A7H>HA:C8A8?<G<4AG8E74;H?H (4;8F474A,4;4E7=4;4<EL 74A 7< .4@4 L4A: @8A8@H>4A 54;J4 >858E;4F<?4A 74?4@ 7<E< 58EC8A:4EH; F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4 "HEB? 74A GF4A 74?4@ (4;8F4 74A ,4;4E7=4 @8A789<A<F<>4A >858E;4F<?4A 58EJ<E4HF4;4 F854:4< C8A7BEBA: >8<A:<A4A F8F8BE4A: HAGH> @8A=47< '064'24'0'74 >4E8A4 C8EF8CF<>858E;4F<?4AF854:4<;4F<?@8A:HAGHA:>4A74E<HF4;4AL4

) +4-'8;.+8'9'1'4+(+('9'4*'2'3+1+80' :+8.'*'6/4':+8=/8';9'.' 4E<;4F<?H=<;<CBG8F<F#C474G458?7<C8EB?8;;4F<?G;<GHA: G G458? 74A 2 8#.7' M 4EG<AL4 >858E;4F<?4A 7<E< G<74> 58EC8A:4EH; F864E4 F<:A<9<>4A G8E;474C @<A4G 58EJ<E4HF4;4 @4;4F<FJ4 78A:4A 4E4;;H5HA:4ACBF<G<9 #4F<?C8A8?<G<4A<A<>HE4A:@8A7H>HA:C8A8?<G<4AG8E74;H?H (4;8F4 74A ,4;4E7=4 74A 7< .4@4 L4A: @8A8@H>4A 54;J4 >85854F4A 74?4@ 58>8E=4 58EC8A:4EH; F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4 (8F><CHA >858E;4F<?4A 7<E< G<74> 58EC8A:4EH; F<:A<9<>4A G8E;474C @BG<I4F< 58EJ<E4HF4;4 A4@HA 4E4;AL4 CBF<G<9 #4? <A< 58E4EG< =<>4 E4F4 >85854F4A 74?4@58>8E=4F8@4><A7<E4F4>4AB?8;@4;4F<FJ4@4>474C4G@8A<A:>4G>4A@<A4G 58EJ<E4HF4;454:<@4;4F<FJ4

#'(+2 /2'/!':'8':''='('4!+9654*+4 +(+('9'4*'2'3+1+80' $A7<>4GBE+8A:H>HE4A (84A

.<74>-H>4<4GHE -H>4(8A:4@5<?$AF<4G<9 &8E4F&8C4?4 8EF<94G$AGH<F<

-H@58E*HGCHG-+--%<>47<?<;4G74E<A<?4<E4G4 E4G4=4J454A E8FCBA78A4G4F>8F8?HEH;4A<A7<>4GBE C8A:H>HE4A4G4F>85854F4A74?4@58>8E=4 G458?>854AL4>4AE8FCBA78A@8E4F4 58?H@ 74C4G @8E4F4>4A >85854F4A 74?4@ 58>8E=4 F8;<A::4 G<74> 58EC8A:4EH; G8E;474C @BG<I4F< 58EJ<E4HF4;4 74 5858E4C4 4?G8EA4G<9 74?4@ @8@<?<; >4E<8E F854:4< J<E4HF4;4 F4?4; F4GHAL4 78A:4A @B78? (4#0%*+5+0) 7<@4A4 74?4@ C8A:8?B?44A HF4;4 474 54G4F4A 54G4F4A 74A 64@CHE G4A:4A 74E< (4#0%*+514 74?4@ BC8E4F<BA4?AL4 #4? <A< 74C4G 7<=47<>4A 4?G8EA4G<9 @4;4F<FJ4 L4A: 58?H@ 58E4A< @8@H?4<HF4;4@4A7<E<G4AC454AGH4A@4A4=8@8AHF4;4C<;4>?4<A

* +4-'8;. 9+)'8' "/3;2:'4 '1:58'1:58 5:/<'9/ :+8.'*'6 /4': +8=/8';9'.'

(12)

>85854F4A 74?4@ 58>8E=4 58EC8A:4EH; F<:A<9<>4A CBF<G<9 G8E;474C @<A4G 58EJ<E4HF4;4 #4?<A<7<C8E>H4G78A:4AA<?4< >B89<F<8A>BE8?4F<58E:4A74,F858F4E L4A: 58E4EG< 54;J4 >BE8?4F< 4AG4E4 I4E<458? GB?8E4AF< G8E;474C E<F<>B >858E;4F<?4A7<E<74A>85854F4A74?4@58>8E=4 78A:4AI4E<458? @<A4G58EJ<E4HF4;4 474?4;>H4G

+ +8(+*''4/4':+8=/8';9'.' *'8/':'8+2'1'4- +1+80''48'4-#;' *'4 +4/9+2'3/4 +4*+8

#4F<?C8A8?<G<4A <A< @8@C8E?<;4G>4A54;J4 #74A#G<74>G8E7H>HA: G458? 474AG458?57<@4A474?4@C8A8?<G<4A<A<7<G8@H>4A 54;J4A<?4<CEB545<?<G4F 74E<'8'0'6'56G<74>F<:A<9<>4A#4?<A<58E4EG< G<74> 474AL4 C8E58744A <AG8AF<58EJ<E4HF4;4@8AHEHG=8A<F C8>8E=44A BE4A: GH474A =8A<F>8?4@<A 8A:4A 78@<><4A 474?4;FH4GH>854<>4A54:<@4FL4E4>4G$A7BA8F<4>4E8A4@4;4F<FJ474E< 58E54:4< =8A<F CEB98F< BE4A: GH4 74A =8A<F >8?4@<A @8@<?<>< <AG8AF< L4A: F4@4 HAGH>58EJ<E4HF4;4 &BA7<F<G8EF85HG >BA7HF<9HAGH>@8A7BEBA:58E>8@54A:AL4 =H@?4; '064'24'0'74 7< $A7BA8F<4 #4F<? C8A8?<G<4A 74C4G 7<:HA4>4A F854:4< C8EG<@54A:4A 74?4@ @8ALHFHA CEB:E4@ C8A7<7<>4A L4A: ?85<; G8C4G HAGH> 74C4G @8AH@5H;>4A 74A @8A<A:>4G>4A <AG8AF< 58EJ<E4HF4;4 @4;4F<FJ4 F864E4 ?85<; ?H4F >;HFHFAL4 54:< C8E:HEH4A G<A::< L4A: @8A6<GE4>4A 7<E<AL4 F854:4< C8A68G4> ?H?HF4A78A:4A>4E4>G8E<FG<>'064'24'0'74+#.

+8A8?<G<4A<A<;4AL47<?4>H>4AC474@4;4F<FJ4 +EB:E4@-GH7< (4A4=8@8A7< /A<>41<7L4(4A74?4(47<HA /AGH>:8A8E4?<F4F<;4F<?C8A8?<G<4A C8E?H7<?4>H>4A FGH7<L4A:@8?<54G>4A@4;4F<FJ478A:4A=H@?4;L4A:?85<;58F4E74AI4E<4F<?B>4F< C8A8?<G<4AL4A:?85<; 58E4:4@(4;4F<FJ4 L4A:@8A:4@5<? FGH7<7< &BG4(47<HA >;HFHFAL4 7< +EB:E4@ -GH7< (4A4=8@8A /A<>4 1<7L4(4A74?4 (47<HA @HA:><A @8@<?<><':21574'L4A:58E587478A:4A@4;4F<FJ4L4A:58E4747<>BG4?4<AF8C8EG< -HE454L4 -HE4>4EG4 -8@4E4A: %4>4EG4 4A7HA: %B:=4>4EG4 -HE454L4 74A ?4<A ?4<A*?8;>4E8A4<GHC8A8?<G<4A@8A74G4A:74C4G@8@C8E?H4FF4@C8?74E<>BG4 >BG4 ?4<AF8;<A::4?85<;@8J4><?<>4E4>G8E<FG<>@4;4F<FJ4$A7BA8F<4

(13)

+9/36;2'4*'4"'8'4 +9/36;2'4

-864E4 >8F8?HEH;4A 74C4G 7<F<@CH?>4A 54;J4 ;4F<? C8A8?<G<4A <A< G<74> 58E5874 78A:4A C8A8?<G<4A C8A8?<G<4A G8E74;H?H 5858E4C4 ;4? 74C4G 7<F<@CH?>4A F854:4<58E<>HG

4 +8A:4EH; GB?8E4AF< 4>4A E<F<>B G8E;474C @<A4G 58EJ<E4HF4;4 474?4; F<:A<9<>4A CBF<G<9

5 +8A:4EH; >858E;4F<?4A 7<E< G8E;474C @<A4G 58EJ<E4HF4;4 474?4; F<:A<9<>4A CBF<G<9

6 +8A:4EH; >85854F4A 74?4@ 58>8E=4 G8E;474C @<A4G 58EJ<E4HF4;4 474?4; G<74> F<:A<9<>4A78A:4A4E4;CBF<G<9

7 -864E4F<@H?G4AC8A:4EH;GB?8E4AF<4>4AE<F<>B>858E;4F<?4A7<E< 74A>85854F4A 74?4@58>8E=4G8E;474C@<A4G58EJ<E4HF4;4474?4;F<:A<9<>4A

8 (<A4G 58EJ<E4HF4;4 @4;4F<FJ4 +EB:E4@ -GH7< (4A4=8@8A /A<>4 1<7L4 (4A74?4(47<HA7<?<;4G74E<4FC8>C8>8E=44ABE4A:GH474A =8A<F>8?4@<A G<74> 474C8E58744AF864E4F<:A<9<>4A

"'8'4

8E74F4E>4A C474 ;4F<? C8A8?<G<4A @4>4 5858E4C4 F4E4A L4A: 74C4G 7<:HA4>4AF854:4<54;4AC8EG<@54A:4A54:<C<;4> C<;4>G8E>4<G

4 (4;4F<FJ478A:4A @<A4G 58EJ<E4HF4;4 G<A::<7<4A::4C@8@<?<><>8F<4C4A74A >8@4@CH4A L4A: ?85<; G<A::< 74?4@ @8@H?4< FH4GH 5<FA<F 7<54A7<A:>4A 78A:4A @4;4F<FJ4 L4A: @8@<?<>< <AG8AF< 58EJ<E4HF4;4 E8A74; +8A8?<G<4A <A< @8@<?<><>BAGE<5HF<54<> F864E4G8BE<G<F@4HCHACE4>G<FA4@HA78@<><4AC8E?H 7<G4@54;>4A >4=<4A G8AG4A: C8A:4EH; >4E4>G8E<FG<> '064'24'0'74+#. ?4<A F8C8EG< .1%75 1( %10641. 4+5- 61.'4#0%' (14 #/$+)7+6; 74A 5'.( %10(+&'0%' >4E8A4 74?4@ C8A8?<G<4A ;4<EL >8G<:4 94>GBE <A< 58EC8A:4EH; G8E;474C @<A4G 58EJ<E4HF4;4@4;4F<FJ4

5 +8A8?<G<4A <A< ;4AL4 7<?4>H>4A C474 @4;4F<FJ4 +EB:E4@ -GH7< (4A4=8@8A 7< /A<>4 1<7L4 (4A74?4 (47<HA /AGH> :8A8E4?<F4F< ;4F<? C8A8?<G<4A C8E?H 7<?4>H>4A FGH7< L4A: @8?<54G>4A @4;4F<FJ4 78A:4A =H@?4; L4A: ?85<; 58F4E 74A I4E<4F< ?B>4F< C8A8?<G<4A L4A: ?85<; 58E4:4@ *?8; >4E8A4 <GH C8A8?<G<4A @8A74G4A: 74C4G @8@C8E?H4F F4@C8? 74E< >BG4 >BG4 ?4<A F8;<A::4 ?85<; @8J4><?<>4E4>G8E<FG<>@4;4F<FJ4$A7BA8F<4

#! $"#

7< .4@4 A:>< 4A7 $A7< =4FGHG< A4?<F<F !4>GBE !4>GBE L4A: (8@BG<I4F< (4;4F<FJ4 8E>8<A:<A4A (8A=47< AGE8CE8A8HE 67&+ 2#&# #*#5+59#

#-7.6#5 -101/+ 0+8'45+6#5 +210')141 '/#4#0)

;GGC8CE<AGFHA7<C46<7->E<CF<C797BJA?B478F8@58E

(14)

;4<EL+8A:4EH;&4E4>G8E<FG<> AGE8CE8A8HE<4?%8A<F GA<F%8A<F&8?4@<A74A +EB98F< *E4A: .H4 G8E;474C $AG8AF< 8EJ<E4HF4;4 (4;4F<FJ4 415+&+0) '/+0#4 06'40#5+10#. &#0 #.. #2'45 =19#&5 :%'..'06 /#.. 75+0'55> 3B:L4>4EG4 CE<?

"8EEL -HF4A4 74A )B:H8<E4 ! .E46><A: -GH78AG AGE8CE8A8HE<4? +BG8AG<4? +8EFBA4? GGE<5HG8F 4A7 G;8 +EBC8AF<GL 9BE HF<A8FF -G4EG /CF 49G8E"E47H4G<BA<A4+BEGH:H8F8/A<I8EF<GL 06'40#6+10#.'5'#4%*1740#. 41$.'/5#0&'452'%6+8'5+0#0#)'/'06

#4A7B>B . #4A< #0#,'/'0 '4510#.+# &#0 7/$'4&#;# #075+# 7<F< $$ 8G4>4A&88@C4G8?4F3B:L4>4EG4 +8A8E5<G+!

#8A7EB1961'%1/'#/#46064'24'0'74#0&61 6#46#'975+0'55 3B:L4>4EG4+8A8E5<GA7<

;GGC9<A4A6878G<>6B@E8475CF =H@?4; C8A:4A::HE4A 7< <A7BA8F<4*>GB58E

;GGC9BEH@78G<>6B@>8G<@54A: =47< C8A:HF4;4 F4E=4A4 7< E< ?85<; C<?<; =47< CAF G;G@? *>GB58E

%B;AFGBA & A78EF8A & 4I<7:8 +<GGF % *FG8AF8A -4HA78EF ( $78AG<9L<A:$. AGE8CE8A8HEF;<C+BG8AG<4?<A-GH78AGF#2'424'5'06'&#66*' 41%''&+0)51(0(14/+0)%+'0%'&7%#6+1010('4'0%'0 $G4?L %HA<

&B; # P.8FG<A: ;LCBG;8F8F B9 8AGE8CE8A8HE<4? 6;4E46G8E<FG<6FQ1740#. 1(

#0#)'4+#.5;%*1.1);0B?CC

(4;8F4 7<GL4 <BA 74A 7L ,4;4E7=4 A4?<F<F !4>GBE 94>GBE L4A: (8@C8A:4EH;<(<A4G8EJ<E4HF4;4 +210')141140#.1(#0#)'/'060B?H@8 ;4? ;GGC8=BHEA4? FHA7<C46<7<A78KC;C75E 7<4>F8F G4A::4? )BI8@58E

(8E87<G; "8B99E8L ",B58EG )8?FBA +;<?<C )86> '9+4#7*###0 '14+ &#04#-6+-%4>4EG4+8A8E5<G++(

(15)

+E<L4AGB -# < 74?4@ %<J4 474 %<J4 .;8 46>5BA8 4A7 G;8 -B6<4? BAFGEH6G<BA B9 AGE8CE8A8HEF;<CF +&#61 '0)7-7*#0 747 '5#4 0+8'45+6#54+56'0#6;#"#%#0#

,4F;887#-8I8?BC<A: AGE8CE8A8HE<4?+BG8AG<4?<A3BHG;.;8 9986GF B9 AGE8CE8A8HE<4? 7H64G<BA 4A7 08AGHE8 E84G<BA ;GGC/-- CEB6887<A:F7<4>F8FCE<?

,<L4AG< J< +E<;4G<A 8A87<6G4 '9+4#75#*##0 #4+ 7&76 #0&#0) 5+-1.1)+ '24+$#&+#0%4>4EG4+8A8E5<G"E4F<A7B

-4EJB>B A7< &4=<4A @C<E<F AGE8CE8A8HE $AG8AG<BA (4;4F<FJ4 740#.

-101/++50+5.;

-8:4? "8EEL BE:<4 4A7 %8EEL -6;B8A98?7 .;8 (BG<I4G<BA .B 86B@8 A AGE8CE8A8HE 06'40#6+10#. 1740#. 1( 064'24'0'74+#. '*#8+14 '5'#4%* 0B?

@8E4?7"EBHC+H5?<F;<A:'<@<G87/--H;4EG<'<?<874A#4A<-<E<A8!4>GBE !4>GBEL4A:8EC8A:4EH;.8E;474C)<4G &8J<E4HF4;44A AGE8CE8A8HE<4? $AG8AG<BA -GH7< .8E;474C (4;4F<FJ4 /A<I8EF<G4F &E<FG8A -4GL4 1464A4 -4?4G<:4 740#. #0#,'/'0 &#0

'9+4#75#*##00B?;4?

-HF4AGB7<&8J<E4HF4;44A %4>4EG4";4?<4$A7BA8F<4

14A:?8@8AG&+B; &4@1BA: AGE8CE8A8HE<4?$AG8E8FGB9/A<I8EF<GL 8AGE89BE AGE8CE8A8HEF;<C)4G<BA4?/A<I8EF<GLB9-<A:4CBE8-<A:4CBE8

Referensi

Dokumen terkait

Anatomi alat reproduksi ayam betina terdiri dari dua bagian utama yaitu ovarium yang merapakan tempat sintesis hormon steroid sexuel, gametogenesis dan perkembangan

Sejarah pendidikan Islam hakikatnya sangat berkaitan dengan sejarah Islam sehingga periodesasi sejarah pendidikan Islam berada dalam periode-periode sejarah Islam

Tulis istilah yang bersesuaian dengan pernyatan berikut pada ruangan yang disediakan berdasarkan pilihan jawapan yang diberikan. 21 Ilmu yang wajib dipelajari oleh setiap

Pokok masalah penelitian ini adalah 1) Bagaimanakah luas lahan, tenaga kerja, pupuk, dan bibit berpengaruh terhadap produksi padi di Desa Lampoko

Crashing Pengoptimalisas i Pelaksanaan Proyek Pembanguan Gedung Pasca Sarjana IAIN Tulungagung dengan Menggunakan Metode CPM Penjadwalan Proyek Konstruksi dengan

Untuk meyakinkan masyarakat agar menjalankan perilaku hidup sehat bukan hal yang mudah sehingga perlu menggunakan pendekatan khusus, salah satunya adalah komunikasi

Tingkat kelelahan yang dirasakan oleh pilot Hasil dari analisis data yang mengukur aspek fisik maupun psikologis dihasilkan bahwa dari 12 faktor fisik yang dievaluasi

Berdasarkan analisis hasil penelitian ini diketahui bahwa pembelajaran menggunakan model MMP lebih baik dan sesuai dengan kebutuhan yang ada di kelas, sedangkan prestasi