1.1 Background of the study The term bank is derived from Latin word ‘Bancus’‚ Italian word ‘Banca’‚ French word ‘Banque’ and German word ‘bank’ which means join stock company. (Neupane‚ 2065) Money lenders in the streets of major cities of Europe used benches for the acceptance & payment of valuables & coin. The merchants‚ goldsmith & money lenders are said to be the ancestors of modern banking. The history of modern banks begins from Bank of Venice (Italy) established in 1157 A.D. The
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PhD Proposal The Sophistication and Quality of Computer-Based Accounting System among Small and Medium Manufacturing Firms in Malaysia INTRODUCTION Malaysia is rapidly shifting its orientation into an information technology (IT) based environment‚ which emphasizes on the use of technology in providing information. This is evident by the Malaysian Government establishment of the Multimedia Super Corridor (or MSC) in 1998. The MSC‚ therefore‚ manifests the Government commitment in leading the
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HOW TO REVIVE AGRICULTURE AND FARMING IN NIGERIA AGRICULTURE IN NIGERIA: DEAD OR ALIVE? A lot has been said about agriculture in Nigeria. Some said it is dead while some others say it is still alive. Whatever the case maybe‚ is irrelevant‚ what matters most is the way forward and that is the main purpose of this hub. Things that should be done by the government and all concerned to improve the standard of agriculture in Nigeria and agriculture in Africa as a whole are listed in the next section
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in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying products
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majority of the people have been hijacked by a few powerful individual who now control land and land resources in collaboration with multinational companies. In most part of southern Nigeria‚ particularly the Niger Delta region‚ the administration of Landwas carried out under the customary tenure. At this point of time Nigeria was under military dictatorship.Following are a couple of the drawbacks of the Act: 1)Power of Governor to revoke rights of occupancy. The main fault of the Land Use Act
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China’s Private Enterprises in Africa and the Implications for African Development Dr Jing GU Institute of Development Studies Email: j.gu@ids.ac.uk European Journal of Development Research Special Issue‚ Vol. 24‚ No. 1‚ 2009 (Forthcoming) 1 China’s Private Enterprises in Africa and the Implications for African Development This paper evaluates the growing presence of China’s private business sector in Africa. Currently‚ attention focuses on China’s state-owned enterprises in extractive
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report to determine the course of action for Larson Inc.’s Nigerian operations. This report provides information on the macroeconomic conditions prevailing in Nigeria apart from taking into consideration the report given by the CEO-Nigeria operations. With this the report attempts to evaluate the economic viability of the business in Nigeria in a long run. Executive Summary The Nigerian wing of Larson Inc. finds it hard to operate efficiently owing to the changing policies of the local government;
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“Training Strategies for Small and Medium Sized Businesses: One Size Doesn’t Fit All.” Abstract The prerequisites for training vary in different businesses‚ with size being a significant factor. The smaller firms tend to conduct their training for their employees on a superficial level‚ having their entire focus on learning informal skills. Whereas in comparatively larger SMEs‚ there is a broader spectrum for the learning perspective. These companies want to obtain a more formal training with
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RATING SCALES INTRODUCTION Rating scales‚ as the name implies‚ are scales for rating each of the characteristics or activities one is seeking to observe or assess. A rating scale is a set of categories designed to elicit information about a quantitative or qualitative attribute. They enable an observer to systematically and objectively observe a person and record those observations. In the social sciences‚ a common example is the Likert scale in which a person is person selects the rating which
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Introduction To Social Business Social business is a cause-driven business. In a social business‚ the investors/owners can gradually recoup the money invested‚ but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company‚ no personal gain is desired by the investors. The company must cover all costs and make profit‚ at the same time achieve the social objective‚ such as‚ healthcare for the poor‚
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