companies are to report positive results and shall not present any ’surprises ’. Managers therefore often turn to their accounting departments for help‚ whose job it then is to improve the bottom line by changing the information shown in financial statements and hence improve investor confidence. This process is also called earnings management. Earnings management may be utilised in several different ways – facilitated by the flexibility of the US GAAP and the IFRS. These can be stated and interpreted
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Many individuals classify as the prosperous or unfortunate‚ and the differentiation amongst the two groups continue to expand yearly; this categorization is known as income inequality. The sociological perspective‚ more so the structural functionalism‚ also identified as functionalism‚ can be used to further examine income inequality. Structural functionalism was introduced by Talcott Parsons‚ and it accentuates that efficient healthcare and excellent wellbeing are two fundamental factors for a human
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Ideal family size Comment on each of the reasons the writers gives for people having children. The reasons are : 1. “That it would benefit the child” In my opinion it would only benefit the child if he gets to enjoy the fun things about life. In some sad cases‚ it can also benefit the child if the parents have insurance the child can use the money for furthering their education or advancing there self. 2. “To increase the world’s total happiness” I don’t think that it increases the world
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NATION’S INCOME PART 1: MULTIPLE CHOICES: 1. Macroeconomists study a. decisions of households and firms. b. the interaction of households and firms. c. economy-wide phenomena. d. regulations on firms and unions. 2. Which of the following questions is more likely to be studied by a microeconomist than a macroeconomist? a. Why do prices in general rise by more in some countries than in others? b. Why do wages differ across industries? c. Why do production and income increase
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name “ProVIVE” claimed an attribute of relaxes stressed skin .Conceptualized as a “natural product” 2. Market study Participants: Two (2) FGDs: income class b and c between 21-30 years old. Tested among 100 females with the same demographic characteristics as the FGD participants. 3. Qualitative Research Findings “Astringent” was the more common term used in the market segment of facial care product users. Segmented into two (2) groups: users of astringent as recommended by dermatologist or
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Chapter 23 Measuring a Nation’s Income TRUE/FALSE 1. In years of economic contraction‚ firms throughout the economy increase their production of goods and services‚ employment rises‚ and jobs are easy to find. ANS: F DIF: 1 REF: 23-0 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Economic expansion MSC: Definitional 2. Macroeconomic statistics include GDP‚ the inflation rate‚ the unemployment rate‚ retail sales‚ and the trade deficit. ANS: T DIF: 1 REF:
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Common Sense Common sense is the knowledge and thinking ability a person acquires through experience and from teachings passed on from others‚ and is used to deal with everyday life in appropriate manners. It is what a person relies on to tell them‚ generally‚ what is right or wrong‚ good or bad‚ and what is best for them in a given situation to sustain overall well-being. It reflects the thought process that is used when faced with possible uncertainty‚ and it relies heavily on memory. It enables
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“Tragedy of the Commons” The theory behind the “tragedy of the commons” is important to understand the destruction of our environment and to avoid this‚ we‚ as citizens of this planet‚ must change our moral values and human ideologies. There is no technical solution to solve this problem. We can avoid “tragedy” only by changing the way we live. The tragedy of the commons is explained through an example of herdsmen being able to own as much cattle as possible‚ which results in herdsman wanting
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Income Elasticity of Demand Income Elasticity of Demand is a measure of responsiveness of demand to the changes in income and it involves demand curve shifts. It provides information on the direction of change of demand‚ given a change in income and the size of the change. Formula for YED: Percentage change in quantity demanded = %ΔQ Percentage change in income %ΔY Normal goods have a positive value of YED‚ while Inferior goods have a negative value of YED as shown
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The common cold has been plaguing humankind since the beginning of human existence. Even in these advanced times‚ there is no vaccine or cure. There are many symptoms that accompany the common cold. Some of these infamous symptoms are a runny nose‚ caused by inflammation of the nasal tissues‚ resulting in over production of mucus to trap the virus‚ and coughing. there are two different kinds or types of coughs that are common with colds. The first‚ is the less common dry hacking cough‚ these kinds
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