totals of these parts in our economy 3. (10 points) Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. “In 1933 net private domestic investment was minus $6 billion. This means that in that particular year the economy produced no capital goods at all.” Do you agree? Why or why not? Explain: “Though net investment can be positive‚ negative‚ or zero‚ it is quite impossible for gross investment
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Public budgeting systems are systems for making choices of ends and means. The purpose of budgeting is to allocate scarce resources among competing public demands so as to attain societal goals and objectives (Lee‚ 49). Depending upon conditions at a given time in history‚ budgets have tended to emphasize financial control‚ managerial improvements‚ or planning. The government should adopt a biennial budget. Proponents of biennial budgeting believe that the federal government would benefit from
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Unit 4222-301 Promote communication in health and social care or young children’s and young people’s setting. 1:1 Understand why effective communication is important in the work setting. Communication is an essential tool an enabler can use to meet the needs of the consumers‚ it is basic requirement of my job role to communicate with consumers‚ their families‚ other health services and team members working with the consumers on a daily basis. Communicating with other staff member ensures that
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UAP DOCUMENT 301: GENERAL CONDITIONS SECTION 1: DEFINITIONS CONTRACT DOCUMENTS – consists of the following: 1. Agreement 2. General conditions 3. Special provisions 4. Specifications 5. Drawings OWNER – person ordering the project for execution ARCHITECT – commissioned by the owner ENGINEER – person so named in the contract document PROJECT REPRESENTATIVE – full time construction inspector hired by owner assisting in the supervision of the
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BUDGETING AND BUDGETARY CONTROL . Budget A plan quantified in monetary terms and approved prior to a defined period of time‚ usually showing planned income to be generated and for expenditure to be incurred during that period‚ to attain a given objective. The preparation of budgets is not something that can be carried out by accountants alone. It requires the participation of many managers and other personnel to ensure that the plans for the forthcoming period are translated
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UGANDA MANGEMENT INSTITUTE Public Policy and Governance Module: Public Budgeting and Good Governance QUESTION: Budgeting process is a waste of time and valuable resources. Evaluate this statement. A budget is a plan for financing an enterprise or government during a definite period‚ which is prepared and submitted by a responsible executive to a representative body (or other duly constituted agent) whose approval and authorization are necessary before the plan may be executed. In the
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an international perspective 4th Edition MODULE GUIDE 2012/2013 [pic][pic] MODULE LEADER - Derek Harwood / John Dixon-Dawson Table of Contents Important Notes 2 Introduction 4 Lecture and Seminar Programme 4 Sunspace – Module information 4 University Documentation 5 Module Feedback 5 Assessment 6 MODULE DESCRIPTION 7 Introductory Lecture 10 Introductory Seminar : Review module guide and assessment! 11 Lecture One: ‘The Strategy
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MKTG 489 – FINANCIAL EXERCISES (AY 2015) Due as an Excel (.xls) file via Titanium prior to class EXERCISE 1 Fred Flintstone has just become the product manager for Yabba Dabba Doo‚ a consumer packaged product with a retail price of $2.00. Retail margins on the product are 33%‚ while wholesalers take a 12% margin. Yabba and its direct competitors sell a total of 40 million units annually‚ and Yabba has 24% market share of this total. Variable manufacturing costs for Yabba are $0.09 per unit. Fixed
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Behavioral Aspects of Budgeting The technical process for setting a budget emphasizes the need for involvement at all stages of the process. In an ideal world that would produce the best solution. However‚ the world is not ideal and not everyone can be allowed to do exactly as he or she would wish at the first instance. So potential conflicts arise and those involved in the budgetary process need to be aware of the behavioral aspects in order to maximize the good points and minimize the problems
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Assignment 301 – communication and professional relationships with children‚ young people and adults. Effective communication. Being clear on key points. Showing respect. Maintaining a sense of humour. Remembering issues which are personal to them. Taking time to listen to them. Being considerate Building Positive Relationships. Task A. 1 Task A.2 Effective Communication:- This is the key area for developing relationships with others and also coves many different forms of communication
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