Coursework by Aleksandr Bakharev Globalization Globalization can be defined as the process of integration and interaction among the governments‚ companies‚ and people of different countries. It is a process which is driven by investment and international trade. It is aided mainly by information technology. Globalization has the effect on a number of things‚ some of which include culture‚ environment‚ economic development‚ political systems and the general human physical well-being among the societies
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Methods of Sampling An Individual Assignment In Business Maths II SYBBA Submitted by: Shweta Thapa R-11-35 Department of Business Administration Rosary College of Commerce & Arts 2013-2014 A simple random sample A simple random sample is obtained by choosing elementary units in search a way that each unit in the population has an equal chance of being selected. A simple random sample is free from sampling bias. However‚ using a random number table to choose the elementary units can
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What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Accounting Master ’s thesis Salad Addawe 2012 Department of Accounting Aalto University School of Economics i What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Master’s Thesis Salad Araye Addawe Winter 2012 Accounting Approved in the Department of
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EXECUTIVE SUMMARY * Islam is not only a religion but also a complete code of life and Islami Banking & finance is an integral part of life of a Muslim. Similarly Shari’ah Concept and principles are unavoidable code of business operations of the Bank. An Islami Bank is a financial institute whose status‚ rules and procedures expressly state its commitment to the principles of Islamic Shari’ah. * The main objectives of the bank are: a) To conduct interest-free banking‚ b) To establish
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over price sensitivity. 2. Compare and contrast the merits and demerits of the current cost system and ABC system. Features & Merits of the Current Cost allocation method: • Simple to comprehend and use • The direct costs‚ machine hours and direct labour hours were used for overhead calculations. • The above factors were calculated on a long term basis. • Suitable for manual process of production Demerits of the Current Cost allocation method: • Sometimes production volume was
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& staff of the showroom. Alternative Solution & their Evaluation: 1) If Any Customer asks to replace shoes & firm replace the same without any hesitation. Merits: Customer will be happy & will become loyal customer. He will suggest to others Demerits: He may fool company by false claiming. 2) If Any Customer asks to replace shoes & firm deny the same as per the company policy. Merits: Fraud will be
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built on the foundation of Homo islamicus‚ the Islamic Man‚ which is claimed to be distinctive from Homo economicus. However‚ the Islamic financial institutions emerged as part of the Islamic banking movement‚ where interest (traditionally equated with riba) is regarded as prohibited and the underlying behavior of the constituent members‚ Homo islamicus‚ is assumed as part of an idealized society‚ imbued with Islamic values and commitment. Indeed‚ the accumulating experience of Islamic financial institutions
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is ’the way to the source of life’ and is now used to refer to legal system in keeping with the code of behaviour called for by the Holly Qur’an (Koran). Amongst the governing principles of an Islamic bank are : * The absence of interest-based (riba) transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax‚ zakat; * The discouragement of the production
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A market economy is an economic system where the factors of production‚ are privately owned‚ consumers and producers are motivated by self interest‚ the level of competition in the markets is very high and resources are allocated through the price mechanism. The definition is supported by Lipsey (1992) who also state that decisions about resources allocation are made without any central direction but instead as a result of innumerable independent decision taken by individual producers & consumers
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banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it is in fact considered Haraam(forbidden). Islamic banking offers the same facilities
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