Theories of Profit There are various theories of profit‚ given by several economists‚ which are as follows: 1. Walker’s Theory of Profit as Rent of Ability This theory is pounded by F.A. Walker. According to Walker‚ “Profit is the rent of exceptional abilities that an entrepreneur may possess over others”. Rent is the difference between the yields of the least and the most efficient entrepreneurs. In formulating this theory‚ Walker assumed a state of perfect completion in which all firms are
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The job of these digestive enzymes is to break up the proteins. The lysosome works as the digestive system. Mitochondria: The job of mitochondria is to make ATP (Adenosine Triphosphate). The ATP is a form of the energy which cell requires. All the parts of the cell needs energy from mitochondria to produce. So the job of mitochondria
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amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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Financial intermediaries Done by Mirmanova S.‚ 303 gr. Almaty 2014 A financial intermediary is a financial institution that connects surplus and deficit agents. The classic example of a financial intermediary is a bank that consolidates deposits and uses the funds to transform them into loans. Through the process of financial intermediation‚ certain assets or liabilities are transformed into different assets or liabilities. As such‚ financial intermediaries channel
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and followers. The one concept I found most important in this module was the 5 essential qualities of effective followership—specifically that of self-management. It is imperative that leaders today know when and how to first be followers‚ and the one quality I know that I need to work on is knowing when it is time to lead and when it is time to embrace humility and be a follower. To begin with‚ NCOA Course 15 defines the 5 essential qualities of effective followership to be self-management‚ commitment
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thought of how your heart beats everyday tirelessly without stopping and how it pumps blood throughout the body? Well here is how it works.. Psychological Orientation:. As I started researching information about the different functions of the heart‚ I realized I didn’t know much about how our heart really works and why is it important to our body. So‚ I did significant research to educate myself. Logical Orientation: As students many of us have to know the basic stuff on how our body works with this
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A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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competitive behaviour‚ marketing and customer service (Kotler‚ 2007:312). In other word‚ it is the automation of processes‚ controls‚ and information production using computers‚ telecommunications‚ software and ancillary equipment such as automated teller machine and debit cards. It is a term that generally covers the harnessing of electronic technology for the Information needs of a business at all levels. Ifezue (2003:38) lists some banking services that had been revolutionized through the use of
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INTERNATIONAL TELECOMMUNICATION UNION TELECOMMUNICATION DEVELOPMENT BUREAU AFRICA REGIONAL P REPARATORY M EETING FOR THE WORLD TELECOMMUNICATION DEVELOPMENT CONFERENCE (WTDC-02) Yaoundé (Cameroon)‚ 29-31 May 2001 Document 4-E 4 May 2001 Original: French REPUBLIC OF CAMEROON TELECOMMUNICATION SECTOR REFORM: CAMEROON’S EXPERIENCE -2CMDT-02/4-E CONTENTS Page Introduction.................................................................................................................
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of their competitors. One of these factors is how group work can be improved by determining the most essential traits of individual group members. With regards to the Big Five Model‚ we investigated how group success relates to these five traits: conscientiousness‚ agreeableness‚ openness to experience‚ emotional stability and extroversion. We searched for indications that would support the notion that the personality traits pertaining to the Big Five Model positively affect group success. The personality
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