An open economy is the opposite of a managed economy. It is one that is characteristically market-oriented‚ with free market policies rather than government-imposed price controls. In an open economy industries tend to be privately owned rather than owned by the government. In the area of international trade an open economy is one whose policies promote free trade over protectionism. On the other hand‚ a managed or closed economy is characterized by protective tariffs‚ state-run or nationalized
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Standard Operating procedure for help desk ( AD Manager Plus Manager Engine) Create SOP Help Desk Responsibilities: CTS Staff will log all incoming phone requests for assistance (RFA)‚ and walk-in RFA’s into the support ticketing system. Each RFA will be assigned a unique ticket number. This number will be referenced in all subsequent communications for tracking purposes. The CTS staff assigned to the RFA will assign a priority based on the following guidelines: Priority Levels: The
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Operating leverage Def. of leverage - The degree to which an investor or business is utilizing borrowed money. Companies that are highly leveraged may be at risk of bankruptcy if they are unable to make payments on their debt; they may also be unable to find new lenders in the future. Leverage is not always bad‚ however; it can increase the shareholders’ return on investment and often there are tax advantages associated with borrowing. Def of operating leverage- a measurement of the degree to
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right. This article highlights some financial management practices considered most effective in creating and monitoring an operating budget. It also highlights the most common least effective financial management practices in creating and monitoring an operation budget. Most Effective Financial Management Practices in an Operating Budget Creating and monitoring an operating budget needs a careful consideration of so many factors; one of such factors is managing the finances. To do this‚ here are
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Latin America‚ and Asia. Further‚ the company has also built a solid brand that is highly valued for its reliability. Since the launch of Apple’s iPhone in 2007‚ however‚ Nokia’s dominance has been challenged. Apple’s radical expertise in operating systems featured user-interface and functionality technology that changed the way other handset manufacturers thought about their design philosophies. Nokia has been slow to adapt to the smartphone revolution and has since witnessed a steady erosion
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An operating system (OS) is a set of computer program that manages the hardware and software resources of a computer. At the foundation of all system software‚ the OS performs basic tasks such as controlling and allocating memory‚ prioritizing system requests‚ controlling input and output devices‚ facilitating networking‚ and managing files. The computerized system may be a computer‚ a workstation‚ a server‚ a PC‚ a notebook‚ a smartphone‚ a road navigation device or another system with "intelligence"
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Company policies and procedures present guidelines to employees and management. Whenever questions arise concerning conduct or operations‚ policy is in place to direct behaviors and solve ethical questions. Well-written company procedures will aid a human resources department in its daily tasks; understanding policies and knowing where to go for help or additional information is key to employee compliance. Basics Company policies outline acceptable behaviors and employee expectations
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Behind Closed Doors at WorldCom: 2001 1. Two General Accounting employees—Dan Renfroe and Angela Walter—made journal entries in the amount of $150 million and $171 million‚ respectively‚ without detailed support. It was noted that this was not out of the ordinary at WorldCom. In your opinion‚ was this a proper accounting practice? Explain. Though this may not be out of the ordinary for WorldCom‚ this is not a correct accounting practice. The way the entries were made does not comply with the proper
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short notes on any three of the following in about 200 words each : Note :– Question No. 5 is Compulsory. SECTION–II 50 examine its role in the changing social context in contemporary times. Discuss the essential features of the caste system in India. Critically Srinivas in understanding Indian Society. Discuss the role and contributions of different concepts used by M.N. chronology. Explain the salient features of
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5 C H A P T E R F I V E The Open Economy No nation was ever ruined by trade. — Benjamin Franklin Even if you never leave your home town‚ you are an active participant in a global economy.When you go to the grocery store‚ for instance‚ you might choose between apples grown locally and grapes grown in Chile. When you make a deposit into your local bank‚ the bank might lend those funds to your next-door neighbor or to a Japanese company building a factory outside Tokyo. Because our
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