Market Failure is when there is a misallocation of resources. When there is a misallocation of resources‚ de-merit goods (goods and services whose consumption is considered unhealthy‚ degrading or otherwise socially undesirable) have been overproduced and priced inappropriately not accounting for external costs to the third party. In this case the external cost is air pollution in Beijing‚ which has caused damage to the environment and health. The main source of this negative externality came from
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tax policy‚ labor law‚ environmental law‚ trade restrictions‚ tariffs‚ and political stability. Political factors may also include goods and services which the government wants to provide or be provided (merit goods) and those that the government does not want to be provided (demerit goods or merit bads). Furthermore‚ governments have
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A FINAL REPORT ON Analyse the Customer’s Need & Preference Submitted By:- SUNIL KUMAR A FINAL REPORT ON Analyse the Customer’s Need & Preference Submitted By:- Sunil kumar Reliance life insurance company ltd.
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Cost accounting Historical cost accounting has been a controversial method that experienced many criticisms over a period of time‚ especially since it considers the acquisition cost of an asset and does not recognize the current market value. Merits and demerits of this method are as follows. The most obvious advantage of HC accounting is objectivity. It is a predominantly objective system‚ which records the original cost of an item when it was purchased. Under historical cost accounting there is
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Introduction Social scientists and researchers delved into the idea of organisational culture as an important component of organisational theory in the past. Brown (1998) identified four different sources of organisational culture which stems from climate research‚ national cultures‚ human resources management‚ and from conviction approaches. This piece of work critically evaluates organisational cultures in the Early Years settings. The first part looks at the theoretical background to the evolution
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Continuous and Comprehensive Evaluation CCE chu eng nge? 1. CCE chu chatlaklo¬leh huamzau thei ang bera naupang thiamna tehna a ni. 2. Practical in a tam thei ang ber zirtir nise. 3. Hmanraw pakhat mai hmang lovin‚naupang ten thiam theih dan chi hrang hrang an neih angin heng hmanraw chi hrang hrang te hi subject hrang hrang a remchan dan a zir a hman theih ani i. Paper /Pencil test ii. Project iii. Assignment (class/home assignment) iv. Field Visit v. Survey vi. Presentation vii. Experiment viii
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COCA-COLA CRISIS IN BELGIUM‚ 1999. Introduction The assignment given was to choose a case with an organization or person that suffered a PR crisis‚ and didn’t manage it correctly from a PR perspective‚ such as miss-communications with stakeholders‚ media etc. I chose to write about the crisis that happened in Belgium in 1999. I will analyze the steps the company took towards to solve the issue‚ explain what they did wrong‚ and give my own opinion on how they could’ve handled it better. I will
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Subject: Financial Management Chapter no. 11: Capital Budgeting Chapter No. 11 – Capital Budgeting Contents ♦ Capital budgets as opposed to revenue budgets ♦ Different kinds of capital budgets – non-productive assets‚ improving operating efficiency and capital projects ♦ Choosing capital projects – Conventional and Discounted Cash Flow techniques ♦ Payback period‚ Discounted payback period‚ Net Present Value‚ Internal Rate of Return‚ Profitability Index methods ♦ Assumptions underlying different
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Blue Collar Brilliance-Summary and Response The article “Blue- Collar Brilliance” of Mike Rose argues that path for obtaining Intelligence doesn’t depend on what type of work we do either white collar or blue collar. Important point is to use your intelligence to perform best. He focuses on the point that intelligence in blue collar worker is due to experience‚ the power of body and brain to work together to solve a certain problem which white collar worker gain through formal education. “Solution
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disclosure sufficient and relevant information and assumptions in Level 1‚ 2 and 3‚ and regulators should continue to issue fair value measurement standards and make modifications. Introduction There are some heated debates about fair value merits and demerits and whether it has future development in financial report. Fair value is also called mark-to-market accounting and it is defined as the value of assets and liabilities could be exchanged between knowledgeable and willing parties in arms length
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