1:RELEVANCE: Information should be relevant to the decision making needs of the user. Information is relevant if it helps users of the financial statements in predicting future trends of the business (Predictive Value) or confirming or correcting any past predictions they have made (Confirmatory Value). Same piece of information which assists users in confirming their past predictions may also be helpful in forming future forecasts. Example: A company discloses an increase
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Case Study #1 How Kristin Died The case study “How Kristin Died” exhibits the obvious problems that come from neglect of the bureaucratic system and what types of tragedy can occur‚ as a result. This particular case ended with the murder of Kristin Lardner and negatively altered the lives of many people involved. However‚ when the information about the murderer‚ Michael Cartier‚ is presented in a timeline‚ it is obvious that if the bureaucratic systems involved would have take more precautions
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In public administration and as well as other entities‚ organizational success largely depends on its structure. Over the years many theories have been developed regarding the structure of organizations. In this paper‚ I will be focusing on Fredrick Taylor‚ Adam Smith‚ Henri Fayol‚ Luther Gulick‚ Max Weber and Gilbreth. These "structuralists" provide with different models of organizational structural theories. Frederick Taylor was the father of modern efficiency model. Around early 1900 ’s‚ he
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Impact of globalization on the Maritime Industry [...] During the last two decades‚ globalization – together with the continuing information revolution – represent one of the most significant main changes that have completely changed the world‚ both positively (a giant leap forward in the world’s technical progress and possible integration) and negatively (strengthening social imbalances and insecurities). However‚ it is also the most hinted to and argued socio-economic reference point of the past
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BANKING: COMPARATIVE ANALYSIS OF PUBLIC AND PRIVATE SECTOR BANKS INTRODUCTION: The economic reforms in India started in early nineties‚ but their outcome is visible now. Major changes took place in the functioning of Banks in India only after liberalization‚ globalisation and privatisation. It has become very mandatory to study and to make a comparative analysis of services of Public sector Banks and Private Sector banks. Increased competition‚ new information technologies and thereby declining
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1 Government-Business Relations in Greater China and Challenges for Public Administration Abstract This paper examines the development of government-business relations in China‚ Hong Kong‚ and Taiwan and identifies important managerial issues from the Chinese experience. The paper first introduces theoretical concepts about the role of government in economic development and arguments about business promotion and government regulation policies. It then reviews economic development in the
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CHAPTERS 1-3: Post-war administration‚ Marcos Administration and post-EDSA administration Manuel Roxas started his term as the first president of the third republic of the Philippines. During his term he fortified Bell trade act and also the Parity Amendment in the constitution and on 1947 he signed the Military Bases Agreement. But during his time he earned a distrust from people because of graft and corruption issues. Manuel Roxas tried to destroyed the rebel group which is known as Hukbalahap
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natural resources‚ minimum access by individuals to the goods and services of the economy and stabilization of the economy. In this paper I will identify and discuss four developmental roles of the state as stated by Mr. Molaodi‚ a lecturer of Public Administration at the University of Botswana and incorporate into them Anderson’s government functions stated above. ROLES OF THE STATE IN A DEVELOPING COUNTRY The first role that a state in a developing country must obtain as quoted by Mr. Molaodi is
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Question:1 Name and explain with suitable examples‚ three reasons why international marketing is more challenging than domestic marketing. Answer: Marketing is the efficient and effective management and utilization of a company’s resources to meet the consumers demands and the company’s objectives. It involves selling the company’s products to satisfy the needs of consumers. It includes planning‚ conception and execution of ideas‚ pricing‚ promotion‚ and distribution of a company’s products with
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| | Statistics for Public Administration: Practical Uses for Better Decision Making | | | Maureen BernerAs a public administrator‚ you need to be able to analyze and evaluate policies‚ and understand analysis and evaluations done by others. This means having a solid working knowledge of how to apply statistics to the types of data used in local government so that you make good decisions.Statistics for Public Administration: Practical Uses for Better Decision Making‚ a completely updated
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