ACCA F4 Corporate and Business Law ExPedite Notes Chapter 1 Economic‚ Political and Legal Systems The examiner has stated that in the exam‚ you may be required to: Explain the inter-relationship of economic and political and legal systems (application level). Explain the doctrine of the separation of powers and its impact on the legal system (application level). Differentiate between different types and different systems of law (knowledge level). Explain the distinction between criminal
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Business Decision Making Q1.1 1.2 1.3 Problem Recognition: consumers recognize a problem as a need or want. Of course‚ the most frequent problem occurs when consumers realize they are out of the product. For example‚ when the gas tank gets near empty‚ or you run out of lunch meat for your sandwiches‚ or when your car is due for maintenance. Problem recognition also occurs when a consumer receives new information about a good‚ service‚ or business. New fashions‚ for example‚ can make people recognize
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*MAIN COURSE Chicken in Cream Sauce Recipe This chicken in cream sauce recipe‚ famously known as volaille a la crème in the Bresse region‚ is delicious in its simplicity. Brown high-quality chicken in butter and then simmer it in a cream sauce. That’s all there is to it! Prep Time: 15 minutes Cook Time: 40 minutes
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Major personality attributes influencing OB Core Self-Evaluation: people who have positive core self-evaluation like themselves and see themselves as effective‚ capable and in control of their environment. Meanwhile‚ they will dislike‚ question their capabilities themselves if they have negative core self-evaluation. There are 2 main kinds: * Self-esteem: is defined as individuals degree of liking or disliking themselves and the degree to which they think they are worthy or unworthy as people
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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disequilibrium and Tax are the main economic factors to determine the price of a good or service. As an example‚ this essay also analyses the economic factors which have led to rises in the prices of such crops in the past 5 years. The main economic factors that determine the price of a good or service We have learnt from the lecture and text book that the market has the forces to determine the price and quantity of a product traded in a market [1]. The main forces are: demand‚ supply‚ elasticity/inelasticity
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on research (Q2) According to the lecture on Product Attribute Design‚ the “product test market” portion of the Career Cycle involves: Correct Answer: Getting your first job (Q3) Which of the following terms BEST fits the following definition by Anders Ericsson: "an action or practice designed to improve specific parts of a performance”? Correct Answer: deliberate practice Q4 According to the lecture on Product Attribute Design‚ which of the following are listed on the National
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The key attributes of the transformational style of leadership are as follows: Task versus Relationship Working together in organizations is increasingly the norm‚ yet the challenges of working effectively are considerable. One challenge is conflict—the process resulting from the tension between team members because of real or perceived differences. Empowerment versus Control The empowerment leadership style calls for delegation and collaboration of the team‚ while control is about the
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Within the vertebrate group‚ there exist many classes of animals whose organisms possess unique characteristics. When comparing the cat‚ of the class Mammalia‚ to that of the class Reptilia‚ five attributes that are quite different between the classes are their thermoregulation‚ epidermis‚ metabolic rate‚ reproduction‚ and body structure. Thermoregulation‚ for mammals and reptiles are the opposite of each other when compared together. As mammals are warm-blooded‚ which means reptiles are cold-blooded
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Description of the selected organisation (Sony Corp. History and introduction) Sony Corporation is engaged in the development‚ design‚ manufacture‚ and sale of electronic equipment and devices‚ as well as game consoles and software. It is also engaged in the production and distribution of motion picture‚ home entertainment‚ television products‚ and recorded music. Further‚ Sony is also engaged in the financial services businesses‚ including insurance operations through their Japanese insurance
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