"arguaby the annual general report is a poor aid to economic decision making" Discuss.
ELEMI ATIGOLO-0325936 FINANCIAL ACCOUNTING Financial Accounting: First assignment, Kingston University "ARGUABY THE ANNUAL GENERAL REPORT IS A POOR AID TO ECONOMIC DECISION MAKING". DISCUSS. HOW USEFUL ARE ANNUAL GENERAL REPORTS FOR ECONOMIC DECISION MAKING. DO THEY POSE ANY WEIGHT WITH THE OVERALL DECISIONS OF A BUSINESS OR ORGANISATION? DISCUSS CONTENTS PAGES Abstract 3 Introduction 4 Discussion, Annual General Report as an aid to economic decisions 4 Conclusion 9 References 10 Bibiography 13 "ARGUABLY THE ANNUAL GENERAL REPORT IS A POOR AID TO ECONOMIC DECISION MAKING". DISCUSS. HOW USEFUL ARE ANNUAL GENERAL REPORTS FOR ECONOMIC DECISION MAKING. DO THEY POSE ANY WEIGHT WITH THE OVERALL DECISIONS OF A BUSINESS OR ORGANISATION? ABSTRACT The following essay focuses on the Annual General Reports, and their usefulness in helping to make economic decisions. Companies and businesses, use Annual General Reports to help communicate their financial affairs to interested parties. The statements in these reports often hold valuable information for many parties; but how useful are they as aids to economic decision making. Some have argued that they are essential, while others have maintained that they are of no real benefit. This essay discusses some of the issues surrounding the apparent usefulness of the Annual General Report to economic decision making.
The New Keynesians Theory of Value.
The New Keynesians Theory of Value By Nikoleta Petkanska One of the enduring questions of economics is "Where do profits come from?" One of the ways in which economic philosophers have tried to answer it is by first answering the question of value. At the center of most economic paradigms is a Theory of Value. The classical political economists found value to be determined in production; since most of the cost of production could be reduced to labor, this approach was refined into the Labor Theory of Value. Neoclassical economist looked for value in the market act of exchange and developed the Marginal Theory of Value. Both of these theories are currently under challenge by the post-Keynesians with their Sraffian Theory of Value, which, like the labor theory of value, is based on production rather than exchange. Any theory of value in economics is an extremely abstract formulation. "When people attempt to save more, the actual result may be only a lower level of output..." - Paul A. Samuelson "Higher saving leads to faster growth..." - N. Gregory Mankiw The two quotations above dramatically demonstrate the stark contrast between the "old" Keynesians and the "new". Samuelson and the old-style Keynesians start with the "general" theory of unemployment equilibrium and end with the classical model of full employment as a "special" case. As long as there are unemployed
McDonalds - dissertationt
CHAPTER 1: INTRODUCTION This chapter will give the reader a clear statement of the research question and the problem statement that will be addressed in this research. Moreover, the background information on definitions of key terms and the chosen organisation will be presented. Finally, the 'route map' will be illustrated in order to guide the reader to the rest of the report. .1 Consumer behaviour Referring to Solomon (2006, p.27) consumer behaviour is the study of the processes involved when individuals or groups select, purchase, use or dispose of products, services, idea or experiences. Consumer behaviour focuses on how individuals make decisions to spend their available resources on consumption related items. That includes what they buy, why they buy, when they buy, where they buy it, how often they buy it how often they use it, how they evaluate it after they purchase and the impact of such evaluations on future purchases, and how they dispose it. Schiffman and Kanuk (2004, p.8) 1.1.2 Consumer attitudes According to Ajzen (1998) the attitudes are the first determinant of behaviour intention. In consumer behaviour context attitude is a learned predisposition to behave in a consistently favourable or unfavourable way with respect of a given object. There is a general agreement that attitudes are learned. This means that attitudes relevant to purchase behaviour are
Tiger or Dragon, who's next?
Who would be the next global super power - India or China? It is inevitable. The rate at which the economies of India and China are growing, it is time that one of them is crowned the undisputed global leader. INDIA - A resilient and vibrant democracy, a multicultural nation with a complex mix of race, religion, caste and language and a rich artistic heritage that can be excavated all the way back to Harappa. Five million cell phones sold in the last month. GDP touching 10 per cent, sensex flirting with the 20,000 point mark, Indian computer scientists forming the bulk of Silicon Valley, IIT trained engineers working all over the world and also finding time to appear in Dilbert comics. Well, it is spring time in India. On the other had, we have China. The story of superlatives here is not just restricted to the population figures. The largest and most modern stock exchange - Shanghai Stock Exchange; tallest TV tower (Shanghai) and the longest Olympic torch relay ever all the way to the Mt Everest. Well, China has been delivering and the whole world is taking notice. Rapid economic growth, global trading ties, and expanding diplomatic cooperation have pushed China to the first rank of nations. The Chinese economy has been growing at 9.67 per cent since 1978. In 2006, it reached a staggering 10.7 per cent. China's research and development budget has been growing at 20 per
Deşi recent s-au nregistrat progrese incontestabile, Romnia rămne ncă ţara cu cel mai nalt nivel al inflaţiei dintre ţările n tranziţie.
CAUZELE INFLATIEI ÎN ROMÂNIA SI IMPLICATIILE ACESTEIA Desi recent s-au înregistrat progrese incontestabile, România ramâne înca tara cu cel mai înalt nivel al inflatiei dintre tarile în tranzitie. Combaterea acestui dezechilibru macroeconomic major pe parcursul ultimilor 16 ani s-a dovedit a fi un tratament costisitor si dureros pentru toate categoriile economico-sociale, care au platit pretul erodarii continue a puterii de cumparare a leului si au trebuit sa faca fata scaderii nivelului de trai si incertitudinii. Una din cauzele principale ale inflatiei din prima parte a anilor '90 a fost aceea ca economia româneasca acumulase o serie de dezechilibre majore în momentul prabusirii regimului totalitar, iar PIB/locuitor (p.p.c.) era unul dintre cele mai scazute din Europa. Saracia si lipsa de competitivitate erau însa "cosmetizate" prin acumularea de însemne monetare fara acoperire în bunuri si servicii, iar inflatia era înabusita printr-un control rigid al preturilor, moneda nationala lasând aparenta unei stabilitati si a unei valori departe de realitate.1 În aceste conditii, liberalizarea preturilor, chiar treptata si cu numeroase ezitari si întârzieri, a fost o decizie fireasca. Incidenta inflatiei corective era inevitabila. Reforma economica întârziata însa a determinat o continua scadere a puterii de cumparare a
Crime is a social concern and one of the biggest political issues in these days. As Fadaei-Tehrani (1990) said, an economic approach to understanding criminal behavior and the design of effective policies would be a helpful tool for dealing with the probl
APPLIED ECONOMICS FINAL PROJECT A RELATIONSHIP BETWEEN ECONOMIC CONDITIONS & CRIME RATE SUBMITTED TO: SIR AHSAN ABBAS SUBMITTED BY: JUNAID JAVAID 06108082 DATE OF SUBMISSION: 7-FEBUARY-20011 Acknowledgement All praises and thanks to Almighty Allah. The Lord and Creator of this universe by whose power and glory all good things are accomplished. He is also the most merciful, who best owed on me the potential, ability and an opportunity to work on this project. We are grateful to our respected teacher Sir Ahsan Abbas who has guided us in each and every step of this project. Indeed, without his kind guidance we may not be able to even start this project. May ALLAH give him the reward, which he deserves. We are also grateful to all those members who are related to this section. Abstract Crime is a social concern and one of the biggest political issues in these days. As Fadaei-Tehrani (1990) said, an economic approach to understanding criminal behavior and the design of effective policies would be a helpful tool for dealing with the problem of criminal activity (p.1). From qualitative analysis, we conclude that the unemployment rate and media reporting are important factors for people to feel the economy is becoming worse. Economic conditions are one of the contributing factors for rising crime rates. Also, we conclude that people believe that an economic downturn
Economics of Development
Economics of Development Economics of Development A) Pick a country or industry in developing world and write in detail about economic history, conditions and problems My essay will be written on the economy of Zimbabwe and how the current economic crisis compares to the one which was one of Africa's strongest. The current state of its economy is best described as being in turmoil mostly due to the dictatorship of its President, Robert Mugabe. I will be discussing how Zimbabwe experienced a successful economy since their independence in 1980 and how the economy has changed to its present state. Zimbabwe is located in Southern Africa, between South Africa and Zambia with a population of roughly 13 million. The capital is Harare where most of the country's trading and main businesses operate. Zimbabwe was initially the British colony of Southern Rhodesia from the late 1800s until 1965, when its white settlers declared it the state of Rhodesia. Before the arrival of the settlers in the late 19th century, the country's main practice was mixed farming. Its other agriculture industries were gold mining and trade. The arrival of the British led to the growth of the commercial farming sector. By the 1930s, the main product of agriculture was tobacco. Gold mining was successful, but after 1945 the development of a large mining and industrial sector was increasing, due to Southern
Discussion of Substitution and Income Effects in Consumption as Price Varies by Using the Compensating Variation Methods.
Discussion of Substitution and Income Effects in Consumption as Price Varies by Using the Compensating Variation Methods Tutor: Mr. Pedro E. Moncars Microeconomics Tian Ni Zhang A change in price results in a change in quantity demanded, shifting the bundles of consumption from one equilibrium to another equilibrium. This effect is called total effect. Total effect includes two sections. One is called substitution effect; the other is called income effect. The definitions of the two effects will be discussed in the follows associated with their roles in consumption varies as price changes by using the compensating variation. Substitution effect defines as the change in bundles that people can consume when the relative price changes caused by a change in price as holding real income constant. It uses the same indifference curve to show that when the price of a good increases, to what extent people would like to substitute other goods for it and vice versa. Income effect defines as the change in quantity demanded when the real income changes as a result of a change in price. It keeps relative price constant to show what happens to people's consumption ability when the price of a good varies. The changes in consumption are different for varieties of good. The situation of normal good, whose quantity
Internal Labour Markets
Internal Labour Market INTRODUCTION The idea of an internal labour market was conceived by Kerr (1955), and perfected by Doeringer and Piore (1971). Recently, more and more contributions by various experts are coming to light. Nevertheless, there are no unambiguous answers to the questions about the causes that have led to the origin of this concept which are fundamental in the field of labour economics. Most of the studies underline the efficiency-based explanations. They mainly consider the theories on risk aversion, efficiency wages, deferred compensation, specific human capital, and transaction costs as the basic reasons that have led firms, workers, and sometimes even governments to "choose" the new form of internal labour market to increase the efficiency level. Yet, there are other important reasons that warrant attention. The essay will attempt to define exactly to what extent internal labour markets (ILMs) are the consequence of a deliberate strategic choice. In order to achieve this objective I will first explain the basic characteristics of an internal labour market, starting from general debates on market segmentation and reviewing the most significant theories. Consequently, I will briefly describe what is presently happening to these markets. Like so, I would like to emphasize my conviction that internal labour markets are of course, mainly, a consequence of
The entrepreneurial dilemma
INB 356 SME Management Assignment 2 - week 3 CASE STUDY: Growing pains: the entrepreneurial dilemma This week we have been introduced to the different factors that separate the fast growing SMEs from the rest. Through a number of different sources, case studies and in-class activities we have discovered that the most efficient way of analysing the issues faced by SMEs in their different phases of growth, is through an application of relevant models. There are multiple distinctive models who studies this area within the topic of SMEs, but the most important once are; Churchill, Mintzberg, Storey, Garnsey and Greiner. In this study we will apply two models to the case study. Thereby we will be able to identify the key problems faced by Softhouse during their development, and suggest possible solutions to the problems they are facing. By examining the case study, we have found the models of Churchill and Mintzberg as being most relevant. The case study proves the importance of understanding both these models to achieve successful growth, as it portrays the difficulties faced at two levels - the subsequent phases of growth, as well as the changes within perspectives needed to achieve growth. Churchill divides the process of growth into six phases - thereby being a "stage model". The six phases are divided in the following order: conception/existence, survival,