HUMAN AND SOCIAL CAPITAL BY: JOSEPH KIOKO REG. NO: D80/61281/2011 DATE: 05/06/2013 LECTURER: PROF. P. O. K’OBONYO Introduction and Definitions: Human capital is defined by the OECD (1998‚ p9) as “the knowledge‚ skills and competences and other attributes embodied in individuals that are relevant to economic activity.” While Duration of schooling and levels of qualification are the standard measures used to measure human capital the OECD itself
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Catholic church. The Dark Ages is a historical period in the first part of the Middle Ages. The term Dark Ages emphasizes the cultural and economical deterioration that occurred in Europe following the decline of the Roman Empire. In document 1 it states that many invasions broke out. The conditions in Europe were terrifying. No trading occurred‚ ceasing terror‚ and peasants abandoned fields to avoid violence. European society has no longer any government. In document 3 it describes the invasion
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Feudalism ran deep in parts of Western Europe and went as far as Japan. These places differed greatly. Society‚ religion and art demonstrated how different they really are. Their economies‚ however‚ illustrates how similar these two countries can be. The religion in the two feudal periods differed in many ways. Feudal Europeans showed devotion to the Catholic Church. Their devotion ran very deep and grew greatly over time. While future Feudal Japanese peoples’ cooperation between monastatic orders
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The Emergence of Europe In the Early Middle Ages: The Germanic Tribes‚ the Roman Legacy‚ and the Christian Church Marina Lundstrom History 114 – Western Civilization & The World I Due: November 8‚ 2014 After the fall of the Roman Empire around the fifth century‚ it took “hundreds of years” for the western part of Europe “to establish a new society.”1 The emergence of this new European civilization during a period known as the Early Middle Ages‚ included three major components: the
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Corporate Finance and Investment 1. Define “Working Capital” Working Capital=Current Assets-Current Liabilities =Accounts Receivable + Inventory - Accounts Payable “Working capital is how much in liquid assets that a company has on hand. Working capital is needed to pay for planned and unexpected expenses‚ meet the short-term obligations of the business‚ and to build the business.” 2. Give concrete measures how w.c. can be optimized (receivable‚ inventories (JIT
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AN ANALYSIS ON INVENTORY MANAGEMENT AT WHIRLPOOL OF INDIA LIMITED‚ PUDUCHERRY ABSTRACT Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus‚ it is very essential to have proper control and management of inventories. The purpose of inventory management is
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Chapter 8 The Cost of Capital 236 CHAPTER 8—THE COST OF CAPITAL TRUE/FALSE 1. Capital refers to items on the right-hand side of a firm’s balance sheet. 2. The component costs of capital are market-determined variables in as much as they are based on investors’ required returns. 3. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt. 4. The cost of issuing preferred stock by a corporation must be adjusted to an after-tax
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an organization over a specific period. Budgeting describes the overall process of preparing and using a budget. Since budgets are such valuable tools for planning and control of finances‚ budgeting affects nearly every type of organization from governments and large corporations to small businesses. A small business generally engages in budgeting to determine the most efficient and effective strategies for making money and expanding its asset base. Budgeting can help a company use its limited financial
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Europa’s Neue Wege? (New perspectives for Europe?) Allianztag Deutsche Evangelische Allianz 24 Sept. 2011 It is a privilege to be here‚ to see you all‚ to meet you who have come from so many parts of the whole of Germany! The paradox of Europe Europe is a complex and paradoxal continent. You cannot separate the existence of E from the existence of the Christian church. Actually Europe is shaped by Christian faith. Europe is the forge (smith’s place) of the Holy Spirit. This is not only
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The budgeting process and the end product‚ the budget‚ comprise two essential elements of multinational management: planning and control. Planning is the primary function of the budgeting process and the result‚ the budget‚ provides the basis for subsequent monitoring and control of activities. For a multinational firm‚ with geographically dispersed subsidiaries to coordinate and control‚ an ineffective planning and control system can be disastrous. For the typical multinational firm‚ the budgeting
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