Advantages of marginal costing (Relative to the absorption costing) Preparation of routine operating statements using absorption costing is considered less informative for the following reasons: 1. Profit per unit is a misleading figure: in the example above the operating margin of Rs2 per unit arises because fixed overhead per unit is based on output of 5‚000 units. If another basis were used margin per unit would differ even though fixed overhead was the same amount in total 2. Build-up or run
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Advantages and disadvantages of democracy. Concepts of democracy (essay) I’m going relate about democracy regime of operation. Actually I’ll do accent on disadvantage of democracy. Because majority of the country is developing in democracy way‚ but not every country achieves perfection in spite of that democracy is the best and more acceptable way of operation. Disadvantages of democracy. I think who represent the democracy system is the ideal political regime they aren’t right. In practice
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People have also begun to link global warming to the sun in the last decade. The views of David Bellamy‚ a conservationist‚ and Dr Sami Solanki‚ the director of Max Planck Institute for Solar System Research‚ include that the majority of people are seeing global warming in the wrong light and that the brightness of the sun is directly related to the warming of the Earth in the last century (Leidig and Nikkhah 1). The sun is a popular resource for natural cause of global warming‚ but there are scarce
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1. Introduction This essay will focus on the case analysis of the political economy in South Korea and how it has influenced the foreign direct investment (FDI) in South Korea after the global financial crisis (GFC) in 2007. It will give a brief introduction of what the political economy is. And then a case study will be provided about the political system‚ the legal system and the economic system in South Korea and the interconnectedness of these three systems and their influence on the environment
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Does the language you speak affect how you think about the world? Listening‚ speaking‚ reading and writing are four of the most essential steps for people learning a new language. Language is very important in any culture; it is a person’s identity. When a student is enrolled in bilingual education‚ many people view this as a great opportunity to enrich one’s knowledge and cultural diversity‚ while others may view bilingual education as a useless investment by the government. The difference in opinions
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“A firm that already has sustained competitive advantage in its domestic market may not have the same advantage in an overseas market. Discuss the issues that this creates for a firm‚ and how it might exploit its resource advantages to secure successful market entry and create competitive advantage in a new overseas market.” With the global trade network more integrated‚ according to Pearce and Robinson (2009)‚ firms tend to enter foreign market to gain more profit due to the maturity of domestic
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the global economy. Globalization refers to the integration of economics and societies all over the world. Globalization involves technological‚ economic‚ political‚ and cultural exchanges made possible largely by advances in communication‚ transportation‚ and infrastructure. Globalization has two facets; there are the globalization of markets and the globalization of production. The globalization of markets is merging of historically distinct and separate national markets into one huge global marketplace
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What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
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possibility and even the likelihood of a global culture. The Internet‚ fax machines and satellites have swept away the old national cultural boundaries. Global entertainment companies now seem to shape the understandings and dreams of ordinary citizens‚ wherever they live. Globalization leads to better cultural understanding and tolerance. Because of improvements in travel‚ more and more people are traveling to different countries‚ thereby spreading their culture to other parts of the world. The beauty
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The emergence of global communications and culture has both pros and cons. I do believe many of the cons may be due to where one lives in the world. Communications/ media are a very powerful tool that can be underestimated. There is a huge disparity between the global North and South when it comes to global communications. Media can have a profund influence on societies and help them become more competitive with the rest of the world. Information and the media is a very powerful tool
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