THE MULPLIER CONCEPT Multiplier shows how an initial change in consumption‚ investment and government expenditure brings a multiple change in income. Multiplier is the ratio of change in the National Income to a change autonomous expenditure. An initial change in income will lead to greater increase in the final level of equilibrium National Income. SIZE OF THE MULTIPLIER The size of the multiplier depends on how much of an increase in income is spent in an economy. The multiplier is the direct
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Simply stated‚ the marketing concept means that an organization should seek to make a profit by serving the needs of customer groups. The concept is very straightforward and has a great deal of commonsense validity. Perhaps this is why it is often misunderstood‚ forgotten‚ or overlooked. The purpose of the marketing concept is to rivet the attention of marketing managers on serving broad classes of customer needs (customer orientation)‚ rather than on the firm’s current products (production
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Banking Concept of Education”‚ he discusses the importance of a student-teacher relationship and the issues of the educational system. The banking method signifies how teachers “fill” up their student’s minds with knowledge without any questions. This method‚ Frerie believes‚ limits the student’s capability to think for them-selves that leads for students to constantly rely on information from their teachers. Freire then proposed a solution for the banking concept called “problem-posing concept”‚ a method
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Laura Balmer “Politics is a many sided concept only to be understood if viewed from various angles”. Discuss. Every day we will experience the activities and ideas of politics around us‚ despite not knowing its definition. When the majority consider politics they instantly think of government‚ laws‚ debates and scandal. However‚ the real question of what politics is has been pondered for thousands of years by many profound names‚ one of the many reasons why Aristotle referred to
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I learned… As my first GOLD workshop‚ I not only learned important aspects of the program but also focused on various leadership concepts and what qualities we associate with leaders. We were asked to identify a leader in our lives and the characteristics they display and after comparing them to others‚ I found that we all associate similar qualities in those we view as leaders—from thoughtful and understanding to confident and a good listener‚ our ideas of a leader were mutual. We also went over
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Developing My Self-Concept Over the past few years not only have my family and friends witnessed me change as a person‚ but I as well have come to realize the progress of character that has transpired. I’ve noticed the foundation of my self-concept‚ “a set of relatively stable perceptions that each of us holds about ourselves” (Adler and Rodman‚ 61)‚ has developed over time. Throughout High School and my first semester of College I have developed a higher self-esteem‚ opened my mind to new ideas
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INCOME CONCEPTS The Purpose of Income Reporting Income is used… 1 As the basis of one of the principal forms of taxation. 2 In public reports as a measure of the success of a corporation’s operations. 3 As a criterion for the determination of the availability of dividends. 4 By rate-regulating authorities for investigating whether those rates are fair and reasonable. 5 As a guide to trustees charged with distributing income to a life tenant while preserving the principal for a remainder man
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Rutgers Department of SCMS Xiaowei Xu Inventory Concepts 1 Rutgers Department of SCMS Xiaowei Xu Definition of Inventory • Inventory is the stock of any item or resource used in an organization and can include: raw materials‚ finished products‚ component parts‚ supplies‚ and work-in-process • An inventory system is the set of policies and controls that monitor levels of inventory and determines what levels should be maintained‚ when stock should be replenished‚
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|Term-Concepts |Definition | |Purpose of Accounting |Communicating financial information to end users so they can make informed decisions. | |Accounting Entity |The financial affairs of the business are separate and distinct from the financial affairs of the owner. | |Monetary Concept |All transactions are recorded in
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ARCHITECTURAL PROJECTS (SCHEDULE OF MINIMUM BASIC FEE) GROUP DEFINITION MINIMUM BASIC FEE S-imple (Hangars) Without partitions P50M & less 6% M-oderate (Art Galleries) With partitions P50M & less 7% E-xceptional (Aquariums) Requires Consultants P50M & less 8% R-esidences Single Detached or Duplex 10% of Proj. Const. Cost M-onumental Buildings (Expositions‚ Mausoleums‚ Memorials) Requires Concepts 12% of Proj. Const. Cost R-epetitive Buildings Construction of Similar Structures 1st Structure
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