STUDENT #: 25177754508500 UNIVERSITI KUALA LUMPUR BUSINESS SCHOOL MID TERM EXAMINATION – SET ASEPTEMBER 2013 SEMESTER SUBJECT CODE : EBB 30603 SUBJECT TITLE : INTERNATIONAL ISLAMIC TRADE FINANCING LEVEL : BACHELOR – IF 31 & IF 42 TIME / DURATION : 3 HOURS DATE : 21 OCT 2013 INSTRUCTIONS TO CANDIDATES 1. Please read the instructions given in the question paper CAREFULLY. 2. This question paper is printed on both sides
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Specialization in Trade 1. a) A country is said to have an absolute advantage in the production of a good if it can produce it using fewer resources than another country. On the other hand‚ a country is said to have a comparative advantage in the production of a good if it can produce the good at a lower opportunity cost than another country b) The theory of comparative advantage suggests that even though one country is “better” at producing both goods (concerning two countries)‚ these countries
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World Thought and Culture January 11‚2013 The Spice Trade Book – The Sense of Eden. The spice trade controlled the world’s economy for thousands of years. The spices in Ancient Egypt‚ the pyramids contained hieroglyphs demonstrating various uses of spices. Spice trade in the Bible‚ Solomon’s acquaintance‚ the Queen of Sheba brought camels laden with spices‚ around 1900 BC Joseph’s brothers sold him to a roving spice trade caravan. The Value of Spices: Spices were kept under lock and
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Paper The Failed Organization‚ Summary‚ Mission‚ Values‚ Objectives --The role of leadership‚ structure and culture -Indicators of failure -Specific Organization behavior theories that explained its failure. approx 500 Blockbuster Video Blockbuster used to be the behemoth of video stores with people roaming the aisles in search of a favorite movie the entire family could enjoy. It was also convenient because customers could get their favorite movie along with a wide selection of
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Following the overthrow of the Imperial Russian monarchy in 1917‚ and after a lengthy civil war‚ a communist government emerged. Led by Vladimir Lenin‚ it practiced a version of communism known as Leninism. While ideologically similar‚ Leninism was a more realistic‚ albeit flawed system. Classical Marxism called for the abolishment of the ruling class after wealth was redistributed
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Test on TFCMS Please select the best option in the following MCQs Please write your name‚ roll no. & Section on the top right hand corner of the answer sheet 1. Trade involves movement of _______ a) Funds b) goods c) documents d) all of these 2. This is an example of Invisible trade transaction a) Tourism b) Software c) a & b d) none of these 3. This is true for Financing against cheques : a) To be provided only for customer b) To check the track record
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contamination to occur‚ and how hard it is to clean it up…. Do nations possess nuclear‚ chemical and biological weapons because of fear of attack from some other nation‚ or is it because without them the strong cannot exploit the weak?" Andreas T. The arms trade is a major cause of human rights abuses. Some governments spend more on military expenses than on social development‚ communications infrastructure and health combined. While every nation has the right and the need to ensure its security‚ in these
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Event that led to the Cold War There were many events that took place after World War 2 that set in motion the Cold War and continued creating tension. Many of these events involved many countries and/ or their support either financially or with military personal. The main focus of the Yalta conference was to plan the post war world. In other words‚ Roosevelt‚ Churchill‚ and Stalin met and planned what they would like to happen after the war was over. Germany invaded Poland‚ their government
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How Led Zeppelin Influenced American Culture One of the most influential rock bands‚ Led Zeppelin‚ not only influenced American musicians‚ but also influenced the American culture with their combined rock‚ heavy-metal‚ blues‚ and folk to create an outstanding and timeless sound which can be followed from the origins of the band‚ through the height of the band’s career‚ to the legacy they left behind. Before Led Zeppelin was founded‚ each of the members had previous experience playing different
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momentous victory of Germany against the French in 1870. All these events helped shape the unification of Germany into one sovereign state and into one of the high and dictating powers of the world at the time. A crucial and fundamental event that led to the stepping blocks of the future rise of nationalism within the hearts of future Germans alike was that of the Confederation of the Rhine and the defeat of Napoleon Bonaparte I. In 1806 after countless wars involving Napoleon against Austria’s Francis
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