ECOS2002 – Intermediate Macroeconomics Tutorial Questions Topic: ‘Fiscal Policy and the Open Income-Expenditure Model’ Tutorial 2: Week 4 (19-23 August) NB: The readings for this tutorial are indicated in Topic 2 of the reading guide. 1. In the Keynesian theory of output what is mechanism that brings about the equilibrium level of output determined by aggregate demand? 2. ‘The stance of fiscal policy cannot be measured by the size of the actual budget deficit.’ Why
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Managerial Accounting‚ 3e (Braun/Tietz) Chapter 2 Building Blocks of Managerial Accounting 1) Service companies must carry a large amount of inventory to meet consumer demand. Answer: FALSE Diff: 1 LO: 2-1 EOC: E2-1 AACSB: Reflective Thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company’s profits 2) Manufacturing companies usually have three types of inventory. Answer: TRUE Diff: 1 LO: 2-1 EOC:
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or something before getting all the information needed to make an opinion instead of an assumption. Common errors in judgment affect our ability to creatively think‚ which I know I am guilty of a couple of judgment errors. (Bethel‚ 2013‚ pg. 4) Projection which is blaming your faults on others because everyone does it is something I am personally guilty of doing. (Bethel‚ 2013‚ pg.4) I remember in high school getting caught skipping class‚ all I could say at the time was I did it because all my friends
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Areas and Principles of Law The areas of law that will be reviewed are the business judgment rule and the duty of care. The directors are entitled to making
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and Solid Waste agreed to pay USD 229 million to settle the class-action suit. The Solid Waste case followed Androids’ decision to pay USD 110 million to settle a lawsuit on audits at Sunbaemic. Both cases are the point of discussion between David and Ken Bailey‚ a junior partner to solve the Enronaa’s case. 2001 : David began to painfully explain the technical intricacies of Enronaa’s accounting to Ken. Both of them knew that the firm is in deep trouble and another scandal in the likes of
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in Q:11 of the SFAC No. 8. For The Framework Company each of the following closing entries must be judged on a case-by-case level on the parameters of whether it could influence decisions that our users make. 1) In this entry‚ the company is paying a fine of a foreign subsidiary. The amount is less than 3% of net income‚ making it quantitatively immaterial. The description of the case lists that after the fine is paid‚ business will go back to normal with only slight changes. However‚ this is
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The Last Judgment‚ by Leandro Bassano 16th century Venetian Artist‚ religious painting of Christ Finished in 1596‚ currently residing in the National Museum of Western Art; Tokyo‚ Japan (Ueno). Visited on 11/2/09 from 10:15-11:30 Bassano’s The Last Judgment Painted by Leandro Bassano‚ a 16th century Venetian artist‚ The Last Judgment is a stunning work of scared art that takes one’s breath away upon first sight. Finished in 1596‚ the oil painting stands 73 x 51 cm tall and currently
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Michael Powell and Emeric Pressburger’s Stairway to Heaven‚ originally titled A Matter of Life and Death‚ captures a distant interpretation of traditional views of Heaven‚ Hell‚ and Judgment. The directors do this by reshaping standard images of Heaven‚ eliminating Hell and restructuring Judgment. All together this created a vastly different afterlife than was constructed by classic artists such as Dante‚ and Michelangelo. Death is uniquely contradictory in Stairway to Heaven. Death seems to
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Case study BIGGER ISN’T ALWAYS BETTTER! Andres Pires opened his automobile parts store‚ Quickly Auto Parts‚ 5 yrs ago‚ in a mid-sized city located in southern Mindanao. Having worked for an automobile dealership‚ first as a technician‚ and later as the parts department manager‚ for over 15 yrs‚ Andres had learned the many nuances of the fiercely competitive automobile servicing business. He had developed many contracts with dealers and service technicians‚ which came in really handy when establishing
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Case 4-2 NEW JERSEY INSURANCE COMPANY 1. In what ways does Mr. Somersby control the operation of the sections of his division? In what ways does top management control the operation of the law? For this case‚ two sections of Mr. Somersby‘s division were concerned. First‚ Individual Loan Section which was responsible for the legal processing of loans made to individuals and secured by mortgage on real property. 1. Operation is being controlled by evaluating the work or output of
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