wealth” or “science of wealth”. The following are the merits of the definition pertaining to science of wealth: 1. It focuses on important aspects of economics like production‚ distribution etc.‚ 2. It highlighted an important problem faced by each and every nation of the wealth‚ namely creation of wealth and 3. The problem of poverty and unemployment can be solved if wealth is produced and distributed equitably. The following are the demerits with regard to the definition pertaining to science
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one’s efficiency at work‚ the many demerits of the cellular phone are now taking the limelight. The hot topic of the day is the use of these cell phones in educational institutions. Many educators find it a nuisance to find students in their classroom possessing mobile phones. Educational institutions also have started prohibiting the use of these phones within their campuses. However‚ as every coin has two sides‚ even cell phones have their own merits and demerits. One major use of the cell phone
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communication for a commercial organisation? 19. Explain the functions of communication. 20. Distinguish between Formal and Informal communication. 21. Explain the advantages and disadvantages of formal and informal communication. 22. Describe the merits and demerits of written communication. 23. Distinguish between Spoken and Written Communication. 24. Explain the main forms of Non-Verbal communication 25. Explain the principles of effective communication. 26. What is “Grapevine”? 27. Explain the following:
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History Kentucky Fried Chicken was founded by Harland Sanders in 1955. However‚ the idea about KFC’s fried chicken actually goes back to 1930 when Sanders developed a secret recipe for cooking chicken under pressure. Kentucky Fried Chicken‚ is a chain of fast food restaurants based in Louisville‚ Kentucky. Its primary focus is fried chicken but it also offers roasted chicken and chicken in form of wraps‚ salads and sandwiches. Point of view Tony Wang – KFC’s vice president of Southeast Asia Time
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for P3: In this task you have to describe different approaches to management with their merits and demerits. Task for M: Think about anyone who you consider charismatic leader or a transformational leader or a transformational leader and state the differences and characteristics which make them special also what he or she has done that suggests that he or she is so special General Criteria for Merit and Distinction Proper formatting of the report. (Justification of the text and Components
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The advent of mobile phones has squeezed this large world and brought it into the palm of human being. However mobile phones have always been instigating debates among the people about their merits and demerits. Apart from the instant access they give us‚ mobile phones have multipurpose uses ranging from business work‚ means for entertainment and ensuring security. On the other hand‚ they have some disadvantages like initiating violation of privacy‚ unnecessary wastage of money‚ talking on mobile
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Alcohol is an example of a demerit good. A demerit good is one which is overprovided by the market mechanism. Apart from alcohol‚ drugs and prostitution are also examples of demerit goods. Consumption of these goods produces large negative externalities. Crime increases‚ health costs rise‚ valuable human economic resources are destroyed‚ and friends and relatives suffer distress. Moreover‚ individuals themselves suffer and are unable to stop consuming because demerit goods are often addictive. Therefore
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List of Theory Topics = PAPER F9 CAPITAL INVESTMENT APPRAISAL 1) Why Companies spends money on Capital Investment? 2) Stages in Capital Investment Process 3) For Capital investment appraisals why cash flows are more appropriate than Accounting profits 4) Meaning of Relevant Cash flows and examples of Relevant Cash flows 5) Why Time Value of Money is Key Concept in investment Appraisal? 6) Assumptions of discounted cash flows 7) How inflation may complicate analysis of Decisions Difference
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The number of Complementary and Alterative medicine (CAM) consumer is constantly increasing. According to the National Health Information survey in 2004‚ nearly 40% of American adults used some form of alternative therapies and spend around 30 billion dollars per year on unconventional medicine (Kayne 2008‚ p.93). The term “alternative medicine” refers to all the therapeutic practice that is not part of the conventional medicine such as: herbal medicine‚ acupuncture and yoga (Hirsch‚ 2009). Allopathic
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profit maximization. * Competition: Capitalism leads to more and more competitions which ultimately results in efficiency of industrial units and production of goods at low costs. MERITS OF CAPITALISM * It is self-regulatory by market mechanism leading to several benefits for the economy. E.g. it saves additional wastes and resources. * Economic growth it said to be faster here because the investors try to invest in only those
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