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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FINANCIAL MANAGEMENT CONCEPTS FOR M.B.A II SEMESTER STUDENTS | |ABC System : a System used to categorize inventory items to ensure that the most important ones are reviewed most often. | | |Account Receivable: A balance due from a customer. | | |Aggressive Working Capital Investment Policy : A policy under which holdings of cash‚ securities‚ inventories‚ and receivables
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ST.PAUL’S UNIVERSITY DEPARTMENT OF SOCIAL SCIENCES COURSE: BCD 111: INTRODUCTION TO DEVELOPMENT CONCEPTS TASK: Discuss the Rostowian Stages of Economic Development and Critic the theory. ADM NO: BACD/NRB/2631/13 LECTURER: GERALD KWERI DATE: 10TH JUNE 2012 Rostow’s theory of economic growth is one of the most influential theories in the 20th century. It was established in the 1960’s during the cold war. His theory illustrates assisting not only the lower income earning countries
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What Is Globalization? Globalization is a process of interaction and integration among the people‚ companies‚ and governments of different nations‚ a process driven by international trade and investment and aided by information technology. This process has effects on the environment‚ on culture‚ on political systems‚ on economic development and prosperity‚ and on human physical well-being in societies around the world. Globalization is the process by which the economies of countries around the
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The Major Psychological Perspectives Behaviorism is a highly deterministic view that declares there is no free will‚ defines psychology as the science of behavior. Pavlov‚ Watson‚ Thorndike and Skinner are the four major psychologists that help develop and enhance this view. They studied behavioral responses and the ways those responses are influenced by stimuli in the environment. . The psychoanalytic view largely focuses on the unconscious influencing human behavior. Developed by Sigmund Freud
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through creating and exchanging products and values with others.(Kotler.P 2002 : 5) The goals of marketing is to attract new customers by promising superior value and keep and grow current customers by delivering satisfaction. There are five core concepts of marketing‚ which includes needs‚ wants and demand; products‚ services and experience; value‚ satisfaction and quality; exchanges‚ transactions and relationships; and finally‚ market and marketing. After World War II‚ the variety of products increased
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What Unifies Major World Religions? “Every major religion of the world has similar ideals of love‚ the same goal of benefiting humanity through spiritual practice‚ and the same effect of making their followers into better human beings.” This quote by the Dalai Lama was in response to a book written by Jeffrey Moses‚ titled Oneness: Great Principles Shared by all Religions. The book talks about sixty five different principles that most major religions share. All religions sets guide lines
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The Concept of Globalization Globalization has become one of the common catchphrases frequently used by people all over the world. However many scholars referred the 1990s as the decade of globalization and like any other social phenomenon‚ globalization has brewed different interpretations since then. However there are varied definitions of globalization as reflected in the arguments below. According to Baylis‚ J.‚ et el. (2008‚ p. 16)‚ globalization is simply the widening‚ deepening‚ and speeding
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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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Page 54 Point 2.12 Page 63 Point 2.16 Page 95 Point 3.5.1.1 Page 135 Point 4.9.1 of self-identity. formation which hinges on the question‚ “Who am I?” and‚ therefore‚ on the learner’s cognitive attribution of meaning to the self. Question 2: Concept clarification 2.1 Differentiated education (Page 10‚ point 1.6.1) Differentiated education is based on the fact that learners aren’t the same in terms of abilities‚ interests and aptitude. Therefore a learner will not benefit from identical education
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