the value of pound sterling affects the cost of foreign goods. Q.13) How does an increase in the value of the pound sterling affect Canadian businesses? ANS-An increase in the value of pound sterling results in Canadian dollar buying more units of foreign currency‚ which in turn results in appreciation. Q.14) Looking at Figure 1-8 (page 11)‚ in what years would you have chosen to visit the Canadian Rockies rather than Washington‚ D.C.? ANS-Looking at the figure 1-8‚ I would have choose the
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Euthyphro is a story of a self-righteous man who’s taking his own father to court‚ and Socrates basically asks him how does he know if what he’s doing is the right thing. To which Euthyphro mindlessly replied‚ “I’m doing what is loved by the gods.” During their mid-conversation‚ Socrates posts a critical question: Is God then the source of what is right and what is wrong? Socrates basis for asking that question goes something like: is something is good because god commands it or does god commands
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development of stock markets through a corporate governance channel‚ i.e. pension funds become large shareholders of publicly traded firms and therefore have the incentives to monitor managers and improve investor protections. This paper reviews the literature on the corporate governance channel associated with pension reforms in developing countries‚ and asks what we know and need to know about it. We know that pension funds are not yet large shareholders of publicly traded firms in developing countries
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Mr. Idris decided to have a detailed investigation on MTT by outsourcing to external auditor‚ Mr. Agoos Bagoos. During investigation‚ Agoos found out that MTSB only had a few staff and the company operations were severely curtailed due to lack of funds. Besides‚ there were no relevant documents related to investment in MTT and MTSB did not have any effort
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Notes for the final exam Two main approaches to maintaining ethical conduct Internal External Two main forms of external controls used by the public: Ethics legislation Codes of ethics Ethics legislation The legislation establishes the moral minimum behavior for individuals Pros of Ethics legislation 1. The administration of the public’s will must be rooted in law The range of decisions and discretion should be constrained by the will of the people expressed in the law by elected
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P3: Describe how two businesses are organised Tesco Purpose the first business that I have chosen is Tesco PLC. Tesco’s purpose is to serve its customers. The primary function of any business is to make money and invest; if it doesn’t do that‚ it can’t exist. Tesco is a major retailer in grocery and general retailing. As Tesco is a profit-based business‚ it maximises their sales and profit‚ expanding to maintain its competitiveness in addition to outshining competitor. It also focuses on
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What the Hell Does it all Mean? Humans differ from any other species on the earth. Our superior brain gives us a tremendous reasoning capacity that probes the depths of human existence. This intellect is closely intertwined with our spirituality‚ our immaterial part that seeks answers from something beyond ourselves. Throughout the history of human existence‚ God worked to reveal himself to and develop a relationship with his people‚ the pinnacle of his creation. The Old Testament chronicles
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Fund Flow Statements Meaning of Fund Fund Flow Statement is widely used tool in the hands of financial executives for analyzing the financial performance of a concern. Funds keep on moving in a business which itself is based on a going concern concept. In broader sense‚ the term “fund” refers to money values in whatever form it may exits. Meaning of Flow of Fund The term ‘Flow’ means change. Thus flow of fund means change in fund or change in working capital. Flow of fund is said to have taken
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Chapter 17 1. Why are mutual funds popular with individual investors? Able to enjoy economies of scale by incurring lower transaction costs and commissions. Provide opportunities for small investors to invest in a liquid and diversified portfolio of financial securities. 2. What is the purpose of index funds? How does this differ from other equity mutual funds? Why are index funds growing in popularity? Index funds are funds in which managers buy securities in proportions similar to those
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areas of Kenya. Acumen’s core goal is to invest in ventures that make an impact in the Base of Pyramid sector and that show potential to scale while bringing in a return on investment for Acumen. Ecotact ranks high in its commitment to the Acumen Fund mission because it focuses on providing a solution for the sanitary need in the Base of Pyramid space within Kenya. Furthermore‚ Ecotact shows significant potential to scale by adopting the franchise model. According to the assumptions given in the
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