change in disposable income. B. Total consumer spending divided by total income. C. Disposable income divided by consumption. D. The change in disposable income divided by the change in consumption. 2) Assume a consumption function is C = 500 + .80 Yd. This means A. Consumers will save 80 cents out of each additional dollar in disposable income. B. Consumers will spend $500 in addition to current income. C. Consumers will spend $500 plus 80 cents out of each dollar of disposable income D. he
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Topic: Differentiate between power and authority and how they linked with leadership To answer this question of the difference between Power and Authority‚ we must first understand what both Power and Authority actually mean. According to the dictionary (www.dictionary.com) Power comes from the Latin ‘potere’ which means ‘to be able.’ Just from this little description we can tell that to have power would mean that you are able to do things or control people and resources. The dictionary then goes
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Power /Authority Power has many definitions‚ but commonly known as the ability to influence the behavior of people. Many people think of things such as: control over resources‚ strength‚ political control‚ and other things when they think of the word power. Power does not always require the act of force or even the threat of force. Everyday we use power tactics to push or persuade people into particular action. Niccolo Machiavelli an Italian historian‚ politician‚ diplomat‚ philosopher‚ and a
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of Parental Authority The nature and purpose of parental authority is to direct and instruct towards achieving a good‚ as many philosophers will agree on. However‚ there are certain philosophers that differ on the rational use of parental authority. Some will adhere to the notion that parental authority must be bounded to moral law‚ whereas others believe in the divine nature of parental authority. Nevertheless‚ most philosophers will agree that the correct use of parental authority for any family
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amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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organizations: profit‚ non-profit and government based organizations. This paper will discuss the differences between profit and non-profit organization and the weaknesses and strengths that each of the organization has. The University of Michigan will be used because it is a prime example of a non-profit organization and its services and the center for spinal surgery hospital will be discussed as a for-profit hospital. Body The University of Michigan’s health system is a non-profit organization
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Authority and Leadership Paper Student’s Name Affiliation Authority and Leadership Introduction Leader is responsibility that comes with a set of advantages and disadvantages (Frenz‚ 2013). In some careers the advantages of leadership override the disadvantage however in others the disadvantages outweigh the advantages. The office of leadership is normally charged will a given level of responsibility. As a result it is common practice for a leader to influence the productivity of
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The monthly giving programs have become very popular among non-profits because of their potential for long term financial commitments. This recurring giving is a monthly donation that happens automatically using a process that’s referred to as E.M.T (Electronic Money Transfer.) This valuable program provides a predictable source of income that a non-profit can depend on every month without question. Recruiting monthly donors is inexpensive and affordable. Once set up‚ the donation process is electronic
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COURSE CODE: ACC325 (ASSIGNMENT) MATRIC NO: 09AA08569 TOPIC: ‘Income tax is one of the major sources of revenue for all government in Nigeria and it is a factor to be recon with in both the state and the Federal Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes provide the largest single source of government revenues in most
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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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