Advantages of Technology in International Trade Technology plays a major role in international trade. Databases‚ overnight delivery and faxes have opened the world market to not only larger companies but small ones too. To add to this globalization‚ companies and even competitors are combining and forming alliances to cut cost and increase the profit margin. Chrysler‚ General Motors and Ford have formed an alliance in research and development to avoid duplication. These alliances are not only
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The RFID technology does not consist only one separate device‚ that operates standalone‚ but it is a whole system that enables its application in practice. This system contains several elements and probably this is one of the reasons behind the difficulties the technology has faced‚ especially in the past‚ struggling for acceptance by the industry. All this elements have different stage of development and standardization‚ and that makes the harmonization of all components of a system always laborious
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military use. It has since been used for a number of other things. Many people argue the need for the use of his device because of its powerful effects. Even though sonar can be used for positive medicinal purposes and research applications‚ SONAR technology can have harmful effects on marine life‚ humans‚ and unborn children. To begin‚ SONAR has been used throughout history for several different applications. The uses of SOONAR began with the Navy. The Navy believed that SONAR was the only efficient
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its not terrestrial TV style and it’s just right‚ except one thing the price tag on the actual film celluloid. Unfortunately there is no substitute or cheaper equivalent to 35mm for recording a movie. However as we have advanced in the world of technology we now have a camera that is capable of recording with similar sharpness as 35mm The Digital Video Camera. The main difference between film and digital video is the cost of recording and the look it personifies. Other differences include the weight
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Advantages and disadvantages of Historical Cost accounting Historical cost accounting has been a controversial method that experienced many criticisms over a period of time‚ especially since it considers the acquisition cost of an asset and does not recognize the current market value. Merits and demerits of this method are as follows. The most obvious advantage of HC accounting is objectivity. It is a predominantly objective system‚ which records the original cost of an item when it was purchased
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The Beauty Behind Psychology Giving back to society in the form of psychology is something that can be helpful to many people. Throughout each person’s life they find themselves lost when having to deal with hardships. Whether it be losing a loved one‚ financial instability‚ marital problems‚ or domestic abuse. All of these things can be difficult to overcome; this is why psychology can be appealing to study. The idea of helping someone cope or deal with his or her problems is something beautiful
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What are the advantages and disadvantages of principles-based accounting? Perhaps the primary benefit of principles-based accounting rests in its broad guidelines that can be applied to numerous situations. Broad principles avoid the pitfalls associated with precise requirements that allow contracts to be written specifically to manipulate their intent. A 1981 study sponsored by FASB found evidence that managers purposefully try to structure leases as operating leases to avoid incurring additional
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THE DEVELOPMENT OF ACCOUNTING PROFESSION IN NIGERIA BY ABUBAKAR SALISU Mobile No.: +234-803-3860665 e-mail: smylisu@yahoo.co.uk Lecturer‚ Department of Accounting‚ Institute of Administration‚ Ahmadu Bello University‚ P. M. B. 1013‚ Zaria – Nigeria. Abstract This study traces the genesis of accounting in the pre-Pacioli era and evaluates its impact on the development of accounting profession and nation building. The study aims at increasing the knowledge of accounting history so that its
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Chalanging and fun to play‚ computer and traditional games add variety to learning experiences and offer opportunities to practice skills.Students like to play game and beniefit by extending their learning experiences into challenging environment. ADVANTAGES *Enganging.Students are quickly enganged in learning through games. *Match to out comes.They can be adapted to match learning outcomes. *Variety of settings.They can be used in avariety of class –room setting‚froom whole-class to individual activities
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Advantages of Cash flow * Cash flow is more “direct” as “profit” is highly dependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors -repayment of debts‚ overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash
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