SEVEN MAJOR SOURCES OF ECONOMIC GROWTH KFCTGLM 1) Legal System 2) Competitive markets 3) Limits on Government regulation 4) An efficient capital (K) market 5) Monetary stability 6) Low Tax rates 7) Free Trade 1) Legal System: Foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an evenhanded manner. Provides protection of property rights and enforcement of contracts. This reduces the uncertainties accompanying trade
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Q3 - Ho Ching has been named as one of the most powerful leaders in Asia. What are her major sources of power? Basically‚ power is the ability of one person (the agent) influencing the behavior and/or attitudes of others (the target). The most major source of power Ho Ching possesses is legitimate power. Legitimate power is an agreement among organizational members that people in certain roles can request certain behaviors of others. This perceived right partly comes from formal job descriptions
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Supply Chain Risk Types & Sources Juttner‚ (2005) defined Supply chain risk sources as any variable which cannot be predicted with certainty and from which disruption can emerge. Waters‚ 200 noted that supply chain risk is any event that might affect the flow and movement of material from initial supplier down to the final consumer. Building from the above definitions‚ supply chain risk is any factor that can course interference in the supply chain (supplier > manufacturer > distributor > retailer
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Risk Factors of ABC Company Risk Factors of ABC Company ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The current annual sales of the company are roughly $1.2 million. This is a 25% increase from the previous year. The goal of this company is to reach $3 million in annual sales within the next 3 years. The CEO has decided to expand the product line to include an additional product. The product expansion consists of manufacturing cedar
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The Audit Risks Assessment Model and Potential Areas of Improvement By: Patrick S. Fields Fraud and the Creation of Sarbanes-Oxley Following the multitude of fraud scandals in the early 2000’s‚ such as Enron and WorldCom‚ many accounting firms found themselves as part of a thorough investigation to determine what exactly caused the sudden outburst of accounting fraud. As investors and creditors pursued their lost money from the these business failures‚ accounting firms began to garner attention
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Major problems facing small scale enterprises One major problem in Nigeria’s business environment is inadequate power supply. This and other factors are responsible for the problems and low performance of small scale enterprises and these problems seem to have to defied all efforts by government to address them. The problems over the years have equally kept foreign investors on the run despite Nigeria’s efforts to lure them to invest in the country.In this edition‚ Saturday Vanguard went to town
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From the viewpoint of Seitz (2008)‚ solar energy source is widely seen as one of solutions with the greatest potential. In modern technology‚ according to Fanchi (2005)‚ heating and cooling system and solar electric generating system are associated with the solar energy industry at present. For instance‚ that solar heating collector which belongs to heating and cooling system can transform radiant energy into heat energy by capturing sunlight. Moreover‚ solar electric generating system is divided
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Marine organisms: Potential source for drug discovery. Life has originated from the oceans that cover over 70% of the earth’s surface and contain highly ecological‚ chemical and biological diversity starting from microorganisms to vertebrates. This diversity has been the source of unique chemical compounds‚ which hold tremendous pharmaceutical potential. New trends in drug discovery from natural sources emphasize on investigation of the marine ecosystem to explore numerous complex and novel chemical
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secondary sources available. One would need to understand the distinction between primary and secondary sources before seeking to analyse and interpret the sources. A primary source is a document‚ book or object that was created during the time that is being analysed. A secondary source may be seen as an interpretation or a discussion about the era under discussion and such sources are removed from the actual event or era under discussion. For this discussion the following 3 primary sources will be
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Carter Cleaning Company: Introduction Q.1. Jennifer asks that you make a list of five specific HR problems you think Carter Cleaning will have to grapple with. Answer: In my opinion‚ the carter Cleaning Company will have to face the following specific HR related problems. a) High Turnovers: One of the HR issues that the case deals with is high employees’ turnover rate. As mentioned in the case‚ the nature of job does not require higher skills and therefore most of the employees are unskilled. These
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