Foundation Course in Humanities and Social SciencesAssignment Code: BSHF-101/AST/TMA/2011-12 Answer any two questions in 500 words each. (DCQ) Q1. Compare and contrast the terms ’Industrial’ and ’Post - industrial’ societies. 20 Solution: In sociology‚ industrial society refers to a society driven by the use of technology to enable mass production‚ supporting a large population with a high capacity for division of labour. Such a structure developed in the west in the period of time following
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Control risk is the probability that a material misstatement (error or fraud) could occur and not be prevented or detected on a timely basis by the auditors’ substantive procedures. True False 14. The word appropriateness refers to the number of transactions or components of an account balance examined by auditors. True False 15. To be considered material‚ an item must be one that would influence the decision of financial
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THE UNIVERSITY OF WARWICK Examination: Summer 2009 FINANCIAL MANAGEMENT SPECIMEN ANSWERS Turn Over IB1140 Page 2 of 18 ---------------------------------------------------------------------------------------------------------------SECTION A Answer ALL of the questions in this section Each question is worth 2 marks ---------------------------------------------------------------------------------------------------------------1. Which of the following statements is most consistent with the
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output in each of the following scenarios (consider each one separately). a) R rises to 4 percent. b) R falls to 1 percent. c) a ¯c increases by 1 percentage point. d) a ¯g decreases by 2 percentage points. e) a ¯im decreases by 2 percentage points. Answer to Problem 1: This is just a straightforward application of the IS formula. You can verify that the changes in short-run output will be as follows: a) A fall of a fall of 1.5 percent. b) An increase of 0.75 percent. c) An increase of 1 percent. d)
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Part 1 Question a Provide examples of how real world multinational corporations (MNC) reduce their translation‚ transaction and economic exposures. Translation exposure is the effect of changes in exchange rates on the accounting values of financial statements (Shapiro‚ 2010‚ p.356). The translation exposure arises from the conversion the financial statements denominated in foreign currency from denominated in home currency. The MNCs could reduce their translation by using funds adjustment
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as a significant economic power is an excellent basis for discussing what can happen in terms of economic development. You might have a discussion in class as to the extent that economic development can occur in the poorest nations on earth. Answers to Questions: 1. What role do institutions play in economic development? The student should have no problem identifying roles but help them to see that roles could be both positive and negative. Furthermore‚ the application of that role may vary
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scholars have primarily focused on transaction cost theory Previous literature have failed to examine how the transactional cost model applies to smaller entrepreneurial firms.” Small and medium-sized enterprises (SMEs) are not smaller versions of larger companies‚ but mainly due to their size they tend to interact differently with their environment. The Authors could identify no studies of SME entry mode choice that have examined the three main causes of transaction costs: asset specificity‚ behavioral
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Security Management Advanced Assignment 3 Answers Question 1 (Weighting: 10) Explain how the risk to personnel security can be reduced and how personnel can be monitored without infringing their rights. Give an example of how an organisation might ensure that employees are not at risk‚ and explain how one would obtain a ’CRB’ check. Personal Security is a prime concern for most employers. By ensuring personal security is acute‚ other aspects of security for the asset will be enhanced. For instance
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1. Which‚ if either‚ of the following statements is or are true? I. The co-ownership of business property‚ where only minimal services are provided by the owners for their tenants‚ generally constitutes a partnership for federal income tax purposes. II. As a general rule‚ when a person obtains an interest in partnership capital through rendition of services‚ compensation (ordinary) income is recognized to the extent of the fair market value of the interest received. a. I only. b. II
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Chapter 1 Introducing Financial Accounting Learning Objectives – coverage by question | |Mini-exercises |Exercises |Problems |Cases | | |25 |29‚ 33 | |45‚ 46 | |LO1 – Identify the users of accounting information | | | |
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