1‚ Definitions: 1.1. Tourism: according to F.W. Ogilvie (1933)‚ tourism can be defined as ‘persons who go to somewhere rather than home or workplace for a period of time and spend money in that place’. But this definition has its limitations as it is too broad and it does not have specific standards or criteria to define tourism. Many organizations have been tried to come up with an accurate definition of tourism‚ but till now they only commonly accepted some factors that help to define tourism
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MULTIPLE-CHOICE QUESTIONS 1. The European Union is primarily intended to permit: a. Countries to adopt scientific tariffs on imports b. An agricultural commodity cartel within the group c. The adoption of export tariffs for revenue purposes d. Free movement of resources and products among member nations 4. Customs union theory reasons that the formation of a customs union will decrease members’ real welfare when the: a. Trade diversion effect exceeds the trade creation effect b. Trade production effect
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Duomo di Milano In many occasions people tend to miss out on the exquisite works of art that adorn our cities. Sure‚ people tend to glance and be amazed sometimes at the most famous works of art‚ and architecture‚ but they do not understand why the creator of such work decided to paint the portrait that way‚ or sculpture an image a specific way‚ or construct a building with certain attention to details. In the following pages‚ I will discuss my experience visiting the Duomo di Milano‚ in Italy
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did World War 1 Start? Mr Johnson Due date: Friday 18th of October 861 words By Matthew Chen World war 1 was ultimately caused by imperialism. Different nations wanted control over more land and to be the dominant nation in Europe. The assassination of the Archduke Franz Ferdinand of Austria and his wife Sophie was a small but very powerful event that led to the beginning of a very long chain of events. Alliances between lots of different countries also contributed to World War 1. The
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For a firm to survive it needs to know as much about the business cycle as it knows about its markets. Discuss. The business cycle is a sequence of economic activities typically characterized by recession‚ fiscal recovery‚ growth‚ and fiscal decline. Some firms will be more vulnerable to changes in the business cycle then others‚ the extent of which depends on the income elasticity of demand for the firm’s products. For example the car industry and firms producing new cars will be sensitive to
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had been involved in a clinical trial for a new pediatric heart medication‚ Valifin. As it turned out‚ the drug did exactly what it was supposed to do—but it also caused renal failure‚ and in Teresa Hardy’s case‚ the damage had been severe. She’d survive‚ but would likely spend the
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efficiency VI. Proprietary(property or ownership) Know-how VII. Monopoly VIII. Oligopoly IX. perfect competition (pure competition) business definition X. workable competition business definition XI. Cost leadership XII. Differentiation (economics) XIII. Barriers to exit XIV. Inventory flow XV. Incoterms XVI. Multinational Corporation XVII. Parent company XVIII. Decentralization XIX. Centralisation XX. License XXI. Intellectual property XXII. Copyright
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Introduction International trade and competitive advantages in the costs of production in China have brought numerous opportunities for China’s exports but also generated challenges due to protectionism from its foreign competitors. Consequently‚ there have been numerous trade cases against China‚ including anti-dumping‚ anti-subsidy‚ in many economic sectors. The very current trade case involving China is the US accusing Chinese manufacturers of dumping photovoltaic (PV) panels in the US market
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Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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1. Difference between IDPs and refugees There are 200 million IDPs in the world‚ there is growing concern that despite the magnitude of the problem there exists no legal regime for it. Challenges which are there are Of providing material assistance And ensuring the protection and respect for the fundamental rights of the IDPs. It is important to distinguish between the IDP and the refugee. The first element which distinguishes the refugee from IDP is that: the claimant must have
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