CASE STUDY: Effect of 2004 Tsunami on Economy of India The earthquake of December 2004 is well known as the Sumatra-Andaman earthquake and is the fourth largest earthquake in the world since 1900. This was an under-sea earthquake‚ which happened at 7:58:53 am local time. The epicenter of this earthquake was in the west coast of Sumatra‚ Indonesia. As an effect of this earthquake‚ Tsunamis occurred throughout the Indian Ocean‚ killing loads of people and caused immeasurable damage to the coastal
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THE COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses
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True False © Purchasing Management Association of Canada Introduction to Procurement 7. Purchasing is becoming less responsible for sourcing indirect goods and services required by internal groups. True False 8. Purchasing and supply management has minimal impact on product and service quality. True False 9. True False 10. Processes usually move across functional boundaries. True False 11. The buyer may assume that the purchasing cycle ends with the receipt of an ordered item or the
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did before the independence of Nigeria in 1960. To enslave us mentally and to make us believe that nothing good can ever come from Africa. And that change cannot be associated with our future leaders for change has become an illusion. Just as Heraclitus of the ancient period of philosophy in Greece rightly said “change is an illusion of the senses” for it is unattainable. Nature they say have fashioned us to be the way we are. To be greedy‚ selfish‚ self-centered‚ power driven and most of corrupt‚ but
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several different ways. The two main economies that seem to act as basic levels of functioning economies are command economies and market economies. These two economies work in various ways and provide interesting things for consumers and businesses. However‚ even though a command economy and a market economy have various similarities and differences‚ a market economy is ultimately more beneficial for a country. Command economies and market economies have different degrees of government
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Organizational Management Seminar 5311 Royal Dutch/Shell in Nigeria (A) As described in the Harvard Business School case Royal Dutch/Shell in Nigeria (A)‚ the primary issue facing Shell is scrutiny over their involvement‚ or lack of involvement‚ in the civil unrest between the Nigerian government and a group of activists representing the Ogoni people – one of Nigeria’s 240 minority tribes. Publicly the conflict is between the Nigerian government and the Ogoni people. However the core of the
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The underground economy consists of concealed legal economic activities undertaken to evade taxes or illegal economic activities (i.e.‚ trafficking‚ drugs‚ and prostitution) with unreported barter and cash transactions that take place outside recorded market channels. These types of barter and cash transactions are hard for government authorities to trace and are the lifeblood of the underground economy. These underground activities are often very productive and are not included in the gross domestic
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overburden buyers with trivial purchases that may prevent them from focusing on crucial purchases. Purchasing can more effectively deal with this problem by: • Having a system in place to handle Small Value Purchases • Using an E-Procurement System (Makes buyers less likely to be overburdened by Small Value Purchases) 2. Centralized Purchasing – Purchasing decisions are made by a single Purchasing department (usually at the corporate office). Decisions include: Order Quantity‚ Pricing
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Law‚ Corporate Objective and Social Responsibility: The Nigerian Situation Background Information Corporate associations largely influence the lives of humans and economies of nations. Confederation of British Industry rightly notes that human ‘...lifestyle is determined by the activities and the style of businesses’. [1] These businesses are in turn largely determined by the activities and styles of companies.[2] Therefore‚ the impacts of businesses and their organisations on
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The Philippines is located in South East Asia and the Philippines economy has been industrialized in the recent times. In terms of the purchasing power parity it ranked 24th according to the World Bank. The sectors that are of key importance in the Philippines Economy are agriculture‚ industry and mining each of which can be detailed under the following heads; Agricultural sector contributes about 17.1% of the GDP‚ Industrial Sector contributes 18.1% in the GDP. “The Gross Domestic product (GDP)
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