to income ratio: Be it a bank or a manufacturing firm‚ controlling overheads costs is a critical part of any organisation. In case of banks‚ keeping a close watch on overheads would enable it to enhance its return on equity. Salaries‚ branch rationalisation and technology upgradation account for a major part of operating expenses for new generation banks. Even though these expenses result in higher cost to income ratio‚ in long term they help the bank in improving its return on equity. The ratio
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Assignment: 1 • Critically examine the main features of Enlightened Despotism in 18th century Prussia. The Enlightenment refers to an important cultural and intellectual movement of the 18th century‚ whose goal was to establish knowledge based on an enlightened rationality. Enlightened Absolutism or Enlightened Despotism as it is more often called can be defined as a form of government strongly influenced by the wide propagation of ideas and the political philosophy of the Enlightenment. It is
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Business Environment CHAPTER – 3 BUSINESS ENVIRONMENT MEANING Business environment can be defined as "the forces‚ factors and institutions with which the businessman has to deal with to achieve its objectives". In general words we can say business environment is the surroundings in which business exists. Whenever any businessman is operating or working then he has to interact with the customers‚ suppliers and he has to perform the transactions within the rules and regulations of the government
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Case Study: BP Texas Refinery Introduction According to Lewicki‚ Saunders & Minton (2003)‚ adopting an unethical approach to negotiation in business can have serious consequences. A recent explosion at the British Petroleum (BP) Texas refinery on 24 March‚ 2005 reiterated this and demonstrated the effect of an unethical approach to negotiation with the death of 15 contract workers. Ethical behaviour refers to the standards of conduct such as honesty‚ fairness‚ responsibility and trust. (Lewicki
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1. INTRODUCTION. This assignment is focused on presenting an original research proposal about the extent in which a sustainable tourism industry is viable in Andalusia. Firstly‚ the reasons why research proves to be a worthwhile and interesting project will be discussed into this field‚ paying particular attention to the positive and negative effects of tourism on the environment and the economy and if the sustainable tourism industry is possible in Andalusia. Secondly‚ the possible literature sources
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Ernest Green Throughout the American South‚ of many Negro ’s childhood‚ the system of segregation determined the patterns of life. Blacks attended separate schools from whites‚ were barred from pools and parks where whites swam and played‚ from cafes and hotels where whites ate and slept. On sidewalks‚ they were expected to step aside for whites. It took a brave person to challenge this system‚ when those that did suffered a white storm of rancour. Affronting this hatred‚ with assistance from
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INTRODUCTION The external policy of the EU is generally considered to consist largely of trade negotiations on various bilateral and multilateral stages. There is much debate over the effectiveness of policy with respect to the developing world; in the context of this discussion I have used the term ’developing world ’ in its widest sense‚ although I will most commonly focus on the Mediterranean counties‚ ACP‚ and Latin America. It should also be made clear that for these purposes I will not
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Criminology Essay: Anthony Kiedis is the lead singer of one of the most successful rock bands in the world‚ the Red Hot Chilli Peppers. Kiedis ’ involvement in crime is vast and varied‚ ranging from shoplifting and panhandling‚ to the consumption and dealing of illicit drugs. His criminal involvement and motivations can most accurately be explained by Edwin Sutherland ’s theory of differential association (Sutherland 1934). This investigation will detail Kiedis ’ enduring involvement with the criminal
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Emerging from this need is the study of ethics. According to Preston (2007)‚ ethics does not have a singular meaning. Ethics can be referred to as a ‘moral philosophy’ which examines an individual’s or a culture’s values and their corresponding rationalisations. Ethics can also be the moral principles that a person considers when making decisions and relates to the moral obligation‚ responsibility and social justice of all parties involved in the decision making process (Morf‚ Schumacher & Vitell
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BUSS 2 Key Term Definitions ©T Ockenden Finance: Budget – A budget is regarded as a goal or a “yardstick”; it’s something a business uses in order to work to‚ for example: a firm may have budgeted fixed costs of £5000‚ they aim to either meet this budget or fall below it to operate to the desired level. Variance – Variance applies to budgets‚ and it is the difference between the forecasted or budgeted figure‚ and the actual figure that comes out at the end of a certain review period
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