PRINCIPLE OF MACROECONOMICS 1.0 Content No. Topic Page 1.0 Content 2 2.0 Introduction 3 3.0 Discuss the cost of inflation and the dangers of deflation. 4 4.0 Discuss the nature and the roles of money. 8 5.0 Explain how banks can add to the money supply by making loans of money they are not required to hold in reserve. 10 6.0 How hyperinflations are caused by governments resorting to seignorage. 13 7.0 Conclusion 16 8.0 Reference 17 9.0 Coursework
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1. "More centralization and decentralization are not advisable" - Do you agree or disagree? Justify. Suggest when and where these two concepts effectively applied in corporate I AGREE WITH THE STATEMENT. Centralization and Decentralization Centralization is said to be a process where the concentration of decision making is in a few hands. All the important decision and actions at the lower level‚ all subjects and actions at the lower level are subject to the approval of top management
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Module No. 2 – Principle of Management Question No 2 a) List and explain the four Basic Functions of Managers Answers The functions of a manager are :- a) Planning b) Organizing c) Directing d) Controlling a) Planning Planning means setting an organization’s goals and deciding how best to achieve them. Managers need to plan so that worker’s activities are consistent with the organization’s goal and the correct type and amount of resources can be acquired. Planning
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To what extent have conservatives supported tradition and continuity? Traditional conservatives place an emphasis on tradition as they believe‚ according to Edmund Burke that traditional customs and practices in society is ’God given’. Burke thus believed that society should was shaped by the ’law of the Creator’‚ or what he called the ’natural law’. If human beings tamper the world they are challenging the will of God. Burke further described tradition as a partnership between ’those who are
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Introduction 2nd semester Modes of Acquiring Ownership Under the Civil Code‚ ownership may be exercised over things or rights. The owner has the right to enjoy and dispose of a thing‚ without other limitations than those established by law. Ownership is acquired by occupation and by intellectual creation. Ownership and other real rights over property are acquired and transmitted by law‚ by donation‚ by testate and intestate succession‚ and in consequence of certain contracts
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full employment RGDP? (AKA the natural rate of unemployment). What must be true before it can be stated that a country is in a recession? The business cycle shows the alternating rises and declines in the level of economic activity‚ sometimes over several years. The Natural Rate of Unemployment takes into account structural and frictional unemployment‚ and ignores cyclical unemployment. It represents the hypothetical unemployment rate consistent with the Real GDP
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organizing a corporation. (5 – 10 min.) S 1-5 1. c 2. b 3. d 4. a (5-10 min.) S 1-6 1. a. the entity concept b. the cost principle c. the stable-monetary unit concept d. the reliability principle 2. Wendy Craven has $13‚000 of equity in the business. Assets | = | Liabilities | + | Owner’s Equity | | | | | | | | Accounts | | Craven‚ | Cash + Furniture | = | Payable | + | Capital |
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boundaries of the market Narrowly defined market High elastic demand – easier to find close substitutes Broadly defined market Fairly inelastic demand – harder to find substitute due to broadness Time horizon Higher elastic demand over longer time horizons‚ over time‚ consumers are able to find other options and/or substitutes 3. If the elasticity is greater than 1‚ is demand elastic or inelastic? If the elasticity equals 0‚ is demand perfectly elastic or perfectly inelastic? If elasticity
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To start this off‚ conservatives and liberals are quite opposite of eachother. Liberals are into new ideas and fixing things as Conservatives are more traditional and don’t like change. Liberals believe that everyone should work together and rely on the government to fix their problems‚ on the other hand conservatives believe that things should be kept personal and problems should be solved on a personal level. Conservatives believe in a strong national security because without it we are open to
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1.0 Introduction of Investigation Investigation can be defined quite simply as a systematic fact finding and reporting process. It is derived from the Latin word vestigere‚ to “track or trace‚” and encompasses a patient‚ step-by step inquiry. Investigation is finding facts; it is akin to research conducted in the academic arena. Investigation is a multi-disciplined field of study. It encompasses law‚ the sciences‚ communications‚ and a host of other things. Investigation requires an inquisitive
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