PA026A – PUBLIC FISCAL ADMINISTRATION PREPARED AND SUBMITTED BY GROUP V Vincent Yuzon Rosales II Frances Santos Angelito Laderas Antonio Vitan Jr. Ma. Lourdes Cuenco SUBMITTED TO PROFESSOR CYNTHIA RAVELA CUBOS June 28‚ 2011 THEORIES OF EXPENDITURE GROWTH Three prominent theories that used the time-pattern of expenditure in the long-run to explain the expansion of the public sector are discuss in this chapter. Although this theories were formulated based on the experience of the now developed countries
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a. Now based on what you have learned in this class to date answer - Why did Wal-Mart fail in Germany? Be specific and in you conclusion state which is the most important reason. Wal-Mart is an American company created in 1962 by Sam and Bud Walton. Based on very low prices and an excellent customer service‚ it quickly became what it is today‚ the largest retailer in the world. Wal-Mart is also the dominant in clothing and textile as well as food retailers on the US market with around 100
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United States Deficit‚ Surplus‚ and Debt ECO/372 United States Deficit‚ Surplus‚ and Debt In the United States‚ the deficit‚ surplus‚ and debt of the nation have an effect on many aspects of the nation’s economy. Taxpayers carry heavy burdens‚ both today and in the future‚ to support the economy as it recovers from a recession. Future Social Security and Medicare users face uncertainty and possible poverty as current negative cash-flow eats away at the integrity of future Social Security
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between fixed charge and floating charge are easy to recognize charges with certain assets are known as fixed charges. Charges created on assets that change regularly are floating charges. Fixed charge is special nature do not like floating charge is dynamic. There is a voluntary in moveable asset and compulsory in fixed charges for the registration. On the other hand‚ when there is a floating charge‚ the registration is mandatory regardless of the type of assets. Fixed charge is a legal charge while floating
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Background: Brazil acted fast to inject short-term liquidity into its financial system and medium-term fiscal stimulus to the broad economy following the collapse in confidence in the global financial system in late 2008. The government of President Luiz Inácio Lula has used a combination of personal tax breaks designed to support spending on consumer goods and automobiles‚ business tax breaks on construction materials‚ government spending hikes and support for residential house purchases. However
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I don’t why change for a dollar exists today. Coins can buy you nothing now‚ and carrying coins around makes me so angry. Every item for sale should be based off of solid bill. Pennies‚ nickels‚ dimes‚ and all other coins shouldn’t exist anymore. The noise it makes in your pocket is so irritating to me. It’s a lot like keys‚ only I can’t leave my keys behind. I constantly tell people to keep the change if it’s under a dollar. If I cannot find somebody to give my change to‚ I will throw it on the
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the Bulge? Maybe the war could’ve ended earlier or maybe Germany won the war. Battle of the Bulge was one of the major battles in World War II. It took place in December 1944‚ in the Ardennes area that involved Belgium‚ France‚ and Luxemburg. Perhaps Germany could’ve won this battle if they had a different strategy. What was the point of this battle in the first place? Well‚ Germany had a reason to have this war. Hitler‚ leader of the Germany Nazi’s‚ wanted to split the Allies apart. In this battle
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advantage c. are possessed by every firm in the industry d. are easy to imitate or replicate 8. The golden rule of corporate strategy can be expressed as: a. Value (A + B) < Value (A) + Value (B) + Coordination Costs (A + B) b. Value (A + B) > Value (A) + Value (B) + Coordination Costs (A + B)
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Recommendations Structural recommendation Obviously‚ the type of the organizational structure that MP used is Vertical Coordination. MP is a movie&record industry‚ so its product is relatively simple. Vertical Coordination is the most basic and ubiquitous way to harmonize the efforts of individuals‚ units‚ or divisions is to designate a boss with formal authority. In this structure，departments just focus on their core tasks‚ workers who have the same specialty are get together and seem to be more
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As an assistant manager for Skanska I have been asked by my manager to explain how fiscal and monetary policy decisions affect the business in which I work. To undertake this task I will provide explanation of the fiscal and monetary policies. I will also explain what interest rate is and what could be possible changes on it. Additionally‚ I will explain how both policies could make changes in employment level. Fiscal policy Economic climate is essential to be controlled within every single county
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