Balance of Payments MEANING : Balance of payment can be defined as systematic record of all economic transactions between the residence of one country and the residence of another country during a given period of time.Economic transactions can broadly be categorized in to four heads which are: 1. VISIBLE ITEMS : visible items include all those tangible goods which can be imported and exported. These are visible as they are made up of some matter or material. this is known as merchandise also.
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Balance of Payment Balance of Payment is the recording system of economic and financial flows that take place over a specified time period between residents and non-residents of a given country. The residents of a country compromise of the general government‚ individual‚ private and non- profitable bodies serving individuals and enterprises. The Balance of Payment will consist mainly with three sections. 1. Current Account- This shows all the inflows and outflows of a country. 2. Capital Account-
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SHC 31 Promote communication in health‚ social care or children’s and young peoples settings. Outcome 1. 1) People communicate for many different reasons in many different ways. Communication can be both verbal and non verbal. Non verbal communication is usually communicated through the process of sending and receiving workless (mostly visual) cues. Examples of non verbal communication are: • Posture • Appearance • Hand movements • Eye movements • Facial expressions • Gestures
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SHC 31 1.1 Within this section I shall be identifying the different reasons why people communicate. There are seven main types of communication‚ touch‚ verbal‚ written‚ behaviour‚ visual‚ sign language or gestures and body language. Each of these methods of communication has its advantages and its disadvantages‚ each are also done in a slightly different way. Touch can be something as simple as a hug or a pat on the back‚ this action tends to offer reassurance and comfort‚ however‚ it could also
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1.1 Explain how a working relationship is different from a personal relationship: Working relations: Working relations are based on formal policies and procedures and also by contract of employment. I have to work to care standards on daily basis and support everyday living of my residents‚ for example dressing‚ eating ‚ bathing‚ activities and personal hygiene. All residents have different needs and I work to meet their needs. Personal relationship: Personal relationship are outside the work place
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Balance of payment Most of exports and imports involve finance i.e. receipts and payments in money. An account of all receipts and payments is termed as Balance of Payments (BOP). According to Kindle berger‚ "The balance of payments of a country is a systematic record of all economic transactions between the residents of the reporting country and residents of foreign countries during a given yeriod of time". The balance of payment record is maintained in a standard double-entry book-keeping
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SHC 31 1. Understand why effective communication is important in the work setting 1. Identify the different reasons people communicate People communicate for different reasons‚ to portray their feelings‚ emotions‚ pain‚ opinions‚ etc. The communication could be professional (formal)‚ or personal (informal). It is important within a social work environment that information is recorded‚ as it may be called upon for legal reasons. All communications are confidential‚ and on a “need to know”‚ basis
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CHAPTER 3 BALANCE OF PAYMENTS SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Define the balance of payments. Answer: The balance of payments (BOP) can be defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? Answer: It would be useful to examine a country’s BOP for
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Mittal Steal in 2006: Changing the Global Steel Game Industry Analysis Although steel was a highly demanded good‚ the industry as a whole was largely unprofitable. One reason for this was that the industry remained highly fragmented in contrast to their suppliers and even some of their buyers‚ who were considerably more consolidated. Aside from the increased competition that fragmentation contributed to‚ it also degraded the steal industry’s bargaining power to raw material suppliers and in some
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Sch 31: Promote communication in health‚ social care or children’s and young people’s settings. 1.2 Explain how communication affects relationships in the work setting. Communication plays a massive part once building a relationship in the work setting. By regularly keeping effective communication between practioners‚ parents/careers and children makes a positive working environment. The relationships are mostly based on the type of communication between one another‚ communication is not just by
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