Central Banks A central bank or reserve bank is a public institution that controls a state’s currency‚ money supply‚ and interest rates. Central banks usually control the commercial banking system of their countries. Compare to a commercial bank‚ a central bank have a monopoly on increasing the amount of money in the nation‚ and usually also prints the national currency‚ which usually serves as the nation’s legal tender. The primary function of a central bank is to manage the nation’s monetary
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Advantages of marginal costing (Relative to the absorption costing) Preparation of routine operating statements using absorption costing is considered less informative for the following reasons: 1. Profit per unit is a misleading figure: in the example above the operating margin of Rs2 per unit arises because fixed overhead per unit is based on output of 5‚000 units. If another basis were used margin per unit would differ even though fixed overhead was the same amount in total 2. Build-up or run
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PEARSON • London • New York • Bosl Contents Guide to ’operations in practice’‚ examples‚ short cases and case studies Making the most of this book and MyOMLab Preface To the Instructor To the Student Ten steps to getting a better grade in operations management About the authors Acknowledgements Problems and applications Selected further reading Useful web sites 58 59 59 xi xiv xviii XX xxi xxii xxiii xxiv Chapter 3 Operations strategy Introduction What is strategy and what is operations
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2013 THE EXPERIENCE THAT SHAPED WHO I AM TODAY People wonder and try to guess what made me the way I am today. I’ve been confronted by elderly strangers‚ being asked the same question almost every time. Questions like: “Why are you so nice?”‚ “Why are you so different from others?”‚ and “Why is the way you dress unique?” I give them all the same answers‚ I tell them I am who I am today because of my past experience. I never go into details about telling people what my past experience
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What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
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CHANGCHUN JOINT VENTURE Capital Expenditure Analysis Study Questions Q1. Use the information in the case to construct two sets of NPV and IRR analysis from joint venture view and Pepsico. Based on the results‚ what would be your decision on the proposed Changchun joint venture? Q2. Comment on the financial projections that PepsiCo used in its capital budgeting exercise‚ especially the NOPBT Cap‚ foreign exchange rate projection and the discount rate. Q3. What differences might there be as to how
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is all about peripherally inserted central catheters (PICC) and central venous catheters. There are different types of catheters and they are used in different situations. If they are to be used properly‚ they must be maintained and cared for. If they are not maintained there are several adverse side effects that could be life threatening. Along with providing all this information‚ this paper will also instruct how to initiate a peripherally inserted central catheter and how to correctly execute
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Alexander in Central Asia The Persian king was no longer in control of his destiny‚ having been taken prisoner by Bessus‚ his Bactrian satrap and kinsman. As Alexander approached‚ Bessus had his men fatally stab the Great King and then declared himself Darius’ successor as Artaxerxes V‚ before retreating into Central Asia to launch a guerrilla campaign against Alexander. Darius’ remains were buried by Alexander next to his Achaemenid predecessors in a full regal funeral
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Brain-based learning started in the 1970s as a means to understand the interworking’s of the brain and how this would aid in education. This paper will review the advantages of brain-compatible learning environments by first discussing what brain-based learning consist of‚ the relationship between the brain and student learning‚ the advantages of brain-compatible learning environments‚ how these environments can be implemented‚ brain-compatible teaching methods and how we can measure the success of brain-based
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Seitzhanova Assiya. Accounting 11.856. “What are the advantages and disadvantages of ethical behavior in business?” Nowadays the concept of ethical behavior in business ethics is one of the most debatable issues in the world’s business community. Why? Just because there is a global division of business people on who are completely blinded by the word “money” (their number increases with each year) and who not. Each of these two groups of people has certainly own truth. For the first group any business
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