the prosperous operation of business and society by regulating social conduct that leads to a society that can run freely yet efficiently. Working on the accounting for a medium sized manufacturing company requires a great deal of knowledge of the functions and roles of law in the industry when issues of ethics‚ taxes‚ and disputes come into play. The more knowledgeable the accountant‚ the better prepared they will be when difficult legal situations are at hand. Laws help to supply ethical measures
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Bank “A financial institution that accepts deposits‚ extends credit‚ and channels the money into lending activities. It generates profits from transaction fees on financial services and on the interest it charges for lending.” Significance of Banking Banking is one of the most sensitive businesses all over the world. Banks play very important role in the economy of a country and Pakistan is no exemption. Banks are custodian to the assets of the general masses. The banking sector plays
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ECON112 Macroeconomics Problem Set 3 *Solution* Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) -----------------------------------------------------------------------------------------------------------------------------------Posted: Monday‚ November 1‚ 2010 Due: 5:30 PM Monday‚ November 8‚ 2010 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (15 marks‚ 3 marks each: 1 mark for correct judgment
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What are the functions of Development Banks? Describe its Quantitative and Qualitative roles. Solution: Development Banks or Development Finance Institutions (DFI’s) as these are normally called in the financial world are a post World War II phenomenon. Their establishment in Africa‚ Asia and other developing countries in most cases coincided with the attainment of independence. Their mission being “to expedite the pace of development in accordance with the national priorities and aspirations
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| The Function of Groups in Business | | | | In an age when global economics is a household term and corporations span continents‚ the importance of understanding group dynamics is paramount to economic success. Group dynamics is the social science that focuses on advancing knowledge about the nature of group life. In studying group dynamics you are about to look at the behavior of group and how the group develops. Businesses today have decreased their workforce and achieved higher
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Have you‚ or someone you may know‚ ever been a victim of stereotyping? Stereotypes present a considerable role in today’s society and especially in academic institutions. According to the Webster’s Dictionary‚ stereotyping is defined as a fixed conventional notion or conception of an individual or a group of people‚ held by a number of people. For as long as one can remember‚ stereotypes have existed in our everyday lives‚ through religion‚ politics and the “media”. Humans’ have the tendency to use
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1. Elaborate the function of Management. Answer: Management is the process of getting activities completed efficiently and effectively with and through other people. Thus Management is creative problem solving or problem moving process. This creative problem solving is accomplished through various functions of management: planning‚ organizing‚ staffing‚ leading and controlling. The intended result is the use of an organization’s resources in a way that accomplishes its mission and objectives.
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The Function of the Human Eye Inarguably‚ the human eye is one of the most complex human organs in the body. The eye aids in almost every activity that people participate in (excluding pin the tail on the donkey). Scientists can only guess at the probability in evolution of the eye being formed; there are so many variables that a close number would be incalculable. The eye is an extraordinary part of the human body; most people agree that is the most important sensory organ. The eye sends messages
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UPS Case What are the inputs‚ processing‚ and outputs of UPS’s package tracking system? -Inputs‚ Processing and Outputs of UPS’s package tracking systems include the scan able bar-coded label‚ (DIAD) Delivery Information Acquisition Device‚ bar code devices. UPS drivers automatically capture customers’ signatures along with pickup‚ delivery‚ and time-card information. The drivers place the DIAD into their truck’s vehicle adapter‚ an information- transmitting device that is connected to the cellular
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33 Functions of Commercial Banks 33.1 Introduction You have studied in the earlier lesson about different types of banks and their nature. It may be of interest to you now to know about the various services/functions performed by commercial banks. In this lesson‚ you will study about the various services provided by commercial banks to the business community in particular and the public in general. 33.2 Objectives After studying this lesson‚ you will be able to describe the various functions
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