Issues and constraints in relation to the use of business information Legal Issues Data Protection Act 1998 The first legal issue that Strode has to consider is the Data protection Act 1998. Strode College collects and uses data about its staff‚ students and other individuals who come into contact with Strode. Under the Data Protection Act the information must be collected and used fairly‚ stored safely and not disclosed to any other person unlawfully and the Data Protection Principles must be
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Chapter One – Exploring the World of Business and Economics • Learning objectives o Discuss your future in the world of business. o Define business and identify potential risks and rewards. o Define economics and describe two types of economic systems: capitalism and command economy. o Identify the ways to measure economic performance. o Outline the four types of competition. o Summarize the factors that affect the business environment and the challenges
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Practice test for Chapter 12 CP and Honors Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. To receive a pardon under Lincoln’s Reconstruction plan‚ Southerners had to take an oath of loyalty to the United States and a. promise never to secede again. c. set up schools for freedmen. b. accept that slaves were now free. d. pay damages to the North. ____ 2. President Andrew Johnson believed that the ____ caused the
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Standardized Testing One of the most frequently stated criticisms of standardized test is that they do not measure creativity and problem solving ability. Because standardized tests are presented in a multiple choice format‚ a teacher cannot‚ for example‚ see where a child went wrong when he or she failed to solve a math problem correctly‚ because no work is shown. In addition‚ critics feel that the questions on standardized tests are too simplistic for children to fully demonstrate reading comprehension
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accounting standards necessary and to what extent? Do you agree with the view that mandatory regulations stifle innovation ? why? Give reasons? * Accounting standards are necessary to promote high quality financial reporting. The fundamental role of accounting is to communicate economic information about businesses and other organization to various stakeholders (government‚ investors‚ shareholders‚ suppliers‚ lenders‚ customers and the general public). * These stakeholders use such information
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Harmonisation of accounting standards International accounting harmonisation can be defined as "the process of bringing international Accounting Standards into some sort of agreement so that the financial statements from different countries are prepared according to a common set of principles of measurement and disclosure". Harmonisation means that deviating rules‚ which do not exclude themselves‚ can continue to exist next to each other. That means harmonisation does not focus on the elimination
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and which also help in the growth of a relationship of interchange between living organisms and the environment in which they live. ISO • What? ISO (International Organization for Standardization) is the world ’s largest developer and publisher of International Standards. ISO is a non-governmental organization that forms a bridge between the public and private sectors. On the one hand‚ many of its member institutes are part of the governmental structure of their countries‚ or are mandated
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Accounting Standards Boards Increased globalization in the business world has brought to fore some of the issues and challenges that multinational businesses face in financial recording and reporting of foreign based operations. With operations based in different countries that operate under different accounting principles and with varying currencies‚ there has been a need for the accounting principles and standards to be converged. This has in the past nine years seen the accounting policy
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to serve the public interest‚ strengthen the worldwide accountancy profession and contribute to the development of strong international economies by establishing and promoting adherence to high quality professional standards‚ furthering the international convergence of such standards and speaking out on public interest issues where the profession’s expertise is most relevant. This publication may be downloaded free-of-charge from the IFAC website http://www.ifac.org. The approved text is published
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\ The Standard Oil Trust Standard Oil Trust John D. Rockefeller was born on July 8‚ 1839 in New York. He was among one of the richest people in the world. He formed the Standard Oil Trust in 1863‚ by 1868 the company had been established in Ohio‚ at that time it was one of the largest oil refineries in the world. The Standard Oil Company grew to dominate the oil industry and became one of the first
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