name in the industry because of the high quality of its valves. Over the year‚ the company has extended their product range to pumps and flow controllers. The main learning outcome from analyzing the case study is manufacturing overhead cost allocation. Exhibit 2 in the case study shows pumps has a highest manufacturing overhead cost compare to valves and flow controller. The common overhead cost drivers in the production are machine hours‚ production runs and hours of engineering work. The key
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Federalism in India Abstract India is a big country characterized by cultural‚ regional‚ linguistic and geographical diversities. Such a diverse and vast country cannot be administered and ruled from a single centre. Historically‚ though India was not a federal state‚ its various regions enjoyed adequate autonomy from central rule. Keeping in view these factors in mind‚ the Constitution makers of India opted for the federal form of government. Though‚ the Government of India Act 1935 envisaged
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Prapatporn Trirattanawaraporn URPA 5309 DOES FEDERALISM SECURE OR UNDERMINE RIGHTS? The concept of federalism is a system of government in which sovereignty is constitutionally divided between the federal government and the states (a packet of readings for URPA 5309‚ 2014-2015‚ p.1). As federalism is defined in many shapes and sizes‚ but basic principles of being a citizen has allegiance to more than one level of government. For example‚ in the United States‚ one is a citizen of both state and
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Federalism is defined as “the federal principle or system of government”. This concept of “federalism” is explored in Lowi et al and Zimmerman. These two sources list and define two types of federalism. The first type they list is dual federalism‚ the second one is cooperative federalism. One of the most distinctive differences between the two is how the powers of the national and state governments are defined‚ this ties into the classic struggle of Founding Fathers: How should power be separated
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Supplemental Unit 5: Fiscal Policy and Budget Deficits Fiscal and monetary policies are the two major tools available to policy makers to alter total demand‚ output‚ and employment. This feature will focus on fiscal policy‚ what it is and its potential and limitations as a tool with which to promote economic stability and strong growth. What is Fiscal Policy? When the supply of money is economic constant‚ government expenditures must be financed by either taxes or borrowing. Fiscal policy involves
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WHY IS TERRORISM AMERICA’S PROBLEM “You know‚ one of the hardest parts of my job is to connect Iraq to the war on terror” said the previous president of America‚ George W Bush in 2006. This encapsulates the American war on terrorism. Aimless‚ flawed and biased. I am of the opinion that terrorism is America’s problem as she has beared most of the cost of it and also because she is to blame for it. Problems Economic costs ● Terrorism raises the risk and cost of doing business‚ whether that business is diplomacy
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THE USE OF FISCAL INSTRUMENTS IN SUSTAINABLE BUILDING POLICIES M.M. Sunikka1 Abstract Although progressive government guidelines and knowledge about sustainable building exist‚ sustainability measures are not adopted in large scale. Several barriers have been identified‚ especially the perceived costs of implementing environmental management and the lack of market demand. The choice of fiscal instruments is an important issue in sustainable building policies. This paper presents an analysis
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Topic 4 – Fiscal Policy Refers to the governments choices regarding the overall level of government purchases or taxes Government spending – on health sector‚ education‚ infrastructure‚ defence. Taxation policy – income tax‚ sales tax (VAT)‚ corporate tax‚ capital gains tax. Fiscal policy and aggregate demand Government spending – increase in G spending → AD shifting right e.g. Gov places £10 billion order for new school buildings → building contractor has increased demand for output
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Fiscal deficit In a system of indicative planning reliance‚ fiscal policy plays an instrumental role in the economy of any country. Planning Commission of India had pointed out in the Seventh Five Year Plan that‚ the “Fiscal policy has a multi-dimensional role” which “particularly aims at improving the growth performance of the economy and ensuring social justice to the people. However‚ when a fiscal policy is not used discreetly‚ it is likely to create a fiscal mess.....A fiscal imbalance requires
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Federalism is a system in which power is shared between one general and several regional or provincial governments. Power in this system is divided in such a way by the constitution that neither government has lesser powers than the other. To maintain this equal status by both levels of government‚ three conditions should be met; each government should have control over its finance in order to carry out its operations‚ no government should interfere in the decisions of the other‚ and no government
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