Introduction The debate over tax systems is a perennial issue in economic policy, with progressive and flat taxes often at the center of this discourse. A progressive tax system, characterized by increasing tax rates as income rises, is argued to be more equitable as it ostensibly aligns with the ability-to-pay principle. In contrast, a flat tax system imposes a uniform...
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Nothing in life can be carried out to the fullest without accountability! Without it, it is difficult to get people to assume ownership of their own actions because they believe they will not face any consequences. Accountability is the concept of answerability by an individual or a department for the performance or outcomes of specific activities. In the case of...
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Have you ever thought about what the military would be like without certain things? The military must have certain things for it to maintain its reputation. The military always wants their soldiers and their sailors to be their best no matter the situation. The military always wants their soldiers and sailors to have accountability, discipline and respect, time management, and...
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The Importance of Accountability and Continuity “I am a soldier first but an Intelligence Professional second to none.” As a soldier, I am held to a higher standard compared to a civilian. We are trained and developed to follow the profession of arms. As a soldier, you are expected to live, speak and act in the professional army manner to...
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Introduction Benjamin Franklin said there were only two things certain in life: death and taxes. And as something that is put to comparison with death in its certainty; most people fear even the mention of taxes the same as its counterpart, but it does not have to be that way. Taxes are considered as a form of a membership to...
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Introduction This assignment, it will discuss what accountability is, why it is important within adult nursing, looking into capacity in an analytical aspect, whilst maintaining confidentiality within the assignment. Enabling the reader to get a better understanding of capacity whilst looking at it through legal, ethical, and professional accountability. Capacity is both decision and time specific. We cannot decide what...
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Introduction The main goal of enterprise management is to ensure the survival of the enterprise in the market and improve its well-being. An important role in the implementation of this task is given to the financial analysis of the enterprise. Financial analysis helps to develop the strategy and tactics of improvement of the enterprise, to make management decisions, monitor, identify...
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The global beverage industry has an annual worth of $1.4 trillion with a 2.6% expected increase each year. It consists of many market segments including soft drinks, energy drinks, tea and coffee, natural and organic beverages, alcohol, and bottled water. As long as thirst exists, there will be a market for beverages. One big trend is the growing popularity of...
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Executive Summary The managers and directors of an organization use various types of techniques to ensure the wellbeing of their organization. Management accounting is one of those techniques used. Various types of management accounting reports and systems are prepared by management accountants to provide information to the top-level managers in order to aid them in their decision-making process. The focus...
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Introduction Over recent years, corporate governance has become a mandatory center in practice and academic literature (Kim, Nofsinger and Mohr, 2009). The essential pillars of good corporate governance are: discipline, transparency, independence of board members and committees, fairness, accountability and social responsibility (King Report, 2002). Moreover, the most simplified definition of corporate governance is a system through which companies are...
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Introduction The theory was proposed by Michael C. Jensen in an article called “Agency Costs of free cash Flow, Corporate Finance and Takeovers in 1986.” According to this theory if a firm is efficient should pay the free cash flow to the shareholders. The firm should also give maximum value of the free cash flow to the shareholders. In the...
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Introduction â… . Analyze the effect central bank easing during the Great Recession had on global equity markets. After 10 useless actions of federal funds rate cut from 5.25% to 0.25%, the Federal Reserve turned to quantitative easing for the first time in history. Under the high financial pressure caused by funding for several institutions that were on the verge of...
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Introduction In this chapter literature review on internal controls and revenue collection is discussed. The theoretical framework is presented first, followed by empirical literature on studies involving internal control and revenue collection. The conceptual framework is discussed last and then the chapter summary concludes the chapter. Theoretical Review The main theories that premise the relationship between internal controls and revenue...
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For the risk adjustment of expected cash flows, the certainty equivalent cash flows replace the risky cash flows with risk-free cashflow. The certainty equivalent is, of course, lower than the uncertain cash flow and the bigger the risk, the higher the downward adjustment. If this adjustment is made, it is also necessary to use the risk-free rate as the discount...
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Executive Summary The concerned study focuses on the functions and importance of internal control on the regular activities of any business. In this regards, the key difference between internal control on financial records and internal control has been identified. The key beneficiaries of public reporting on internal control have been highlighted in the study along with its key benefits. Moreover,...
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Question: 1 The introduction: Treasury operation: Everyone can recognize many of the businesses that operate around them providing goods and services for their needs. But most people are not familiar with what goes on behind the scenes in order for those businesses to function. When discussing the treasury operations of a company, we are really talking about the ability of...
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Before taking the macro economics class and completing the four graded discussions I didn’t know much about what opportunity cost mean. Now as we headed to the end of the term and studied the topic I have learned a lot and know much more about what opportunity cost mean and how it works. If someone asked me just a little...
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Introduction Opportunity cost is a fundamental concept in economics that plays a critical role in business decision-making. It refers to the benefits a person, investor, or business misses out on when choosing one alternative over another. This concept is pivotal in ensuring that limited resources—like time, money, and labor—are allocated efficiently to maximize potential returns. In business, opportunity cost is...
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Every day we are faced with the obstacle of making choices that range from what delicious recipe to make to what career path would be the best for my future. Each choice that we make has an opportunity cost and either takes an economic toll on us or reaps a reward. Our lives are constantly influenced by economic trends such...
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The idea of Economics is present everywhere in our society. Through our lives, the things around us directly relate to our economy. Music is one of the many areas that play a large role in our lives. For me, the song “Opportunity Cost” by G-Eazy is solely about economics and the way that we need to learn how to balance...
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When making decisions in personal and professional lives, one must identify and compare opportunity costs. When comparing options, it is important to analyze every cost and other opportunities that one must give up. Choosing between taking an absence from work, moving out of town and pursuing a MBA degree full time or maintaining one’s current job while enrolled in a...
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Cost Control Businesses use cost control ways to watch, evaluate, and ultimately enhance the potency of specific areas, like departments, divisions, or product lines, at intervals of their operations. Cost management is reviewing each fastened and variable prices, and tries to cut back expenses. Inventory may be a variable value which will be reduced by finding alternative suppliers to supply...
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With the advanced rapid growth of technology within computer networks and multiple business organizations during the last few decades and unpredictable growth of using Internet, and the growth in security attacks of users also increased. Amount of data stored in storage devices, electronic media and cloud storage have immensely increased in past few years. The increase in usage of information...
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Economics is an age-old social science discipline, which basically deals with production, distribution and consumption of goods, services and service delivery and how society can optimally use its limited resources to achieve its goals. The application of economics to health- related issues started around 30 to 40 years ago. Various health problems like increased cigarette smoking habits in young, limited...
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Economical term cost-benefit analysis means to evaluate a business activity by calculating the net gain for a company. It generally helps companies to assess whether a decision is appropriate to make monetarily. However, with rising of severe environmental issues in modern world, business activities take certain responsibility of negative impact on environment. That makes people question the validity of traditional...
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Balance sheet method is an approach used by salesperson to gain commitment from consumers by telling them to think the pros and cons of all alternative available. It is also called Ben Franklin Method. Make two columns. List all the pros of the alternative in one column and all the cons in another. Then two conditions will arise: Any one...
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Introduction Public parks have long been cherished as vital components of urban and rural landscapes, offering not only recreational opportunities but also substantial economic and environmental benefits. These green spaces are often viewed as essential amenities that contribute positively to the quality of life in communities. However, the establishment and maintenance of public parks entail significant financial investments, prompting a...
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Nowadays green is a new evolving concept to furnish marketing with image branding and marketing spin. If we look beyond, we found how ethical or green it is (product/services). This is real/true rather than rational. After stripping, we explore the product; who made or grew- this information or using this, we can develop our ideas to connect with people. Originality...
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If you’re a small or medium sized business struggling with cash flow problems you are absolutely not alone, but there are steps you can take immediately to take back control of your finances. No business, large or small, wants to have to worry about where their next dollar is coming from, especially if there are plenty of payments in the...
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Nowadays, a rising number of international leisure tourists seem to be willing to choose a destination with high environmental health quality. Also, the diversity and integrity of the destination’s natural, cultural resources, and environmental considerations are now as the more significant features of tourists’ destination-choosing process (Hudson and Hudson, 2010). On the same time, the growing global population and unsustainable...
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