Essays on Endowment

The production possibility frontier for Brazil depicts the maximum outputs of clothing and soda that the country can produce simultaneously with given combination of inputs as well as other factors of production. Ideally, the production possibility frontier shows the optimal production points of the economy at any point for the two products. Point E in the graph below denotes the optimal production point for both products. Additionally, the slope of the graph at point E reflects the marginal rate of transformation in Brazil. This denotes the rate at which the production of clothing can transform into the production of ...

Art-related disciplines are critical to educating citizens and students of every age. Nevertheless, the arts have declined significantly in schools and public participation. According to a recent study by Rabkin and Hedberg (2011), fewer eighteen-year-olds in a 2008 survey reported receiving arts instruction in their childhood than a similar age group surveyed in 1982. The research suggested that the provision of arts education dropped from 65% in 1982 to about 50% in 2008 (Rabkin & Hedberg, 2011). Moreover, it included survey data gathered in 2002 and 1992 with each successive period indicating a severe decline in Americans’ access to arts ...

THE RELATIONSHIP BETWEEN ENTREPRENEURIAL INTENTIONS AND MORAL DISENGAGEMENT

Abstract New intuitions into the genesis and impacts of entrepreneurs’ immoral measures can be obtained through observation to moral disconnection, a cognitive system that disables the self-regulatory process that prevents humans from actions, which are variable with their personal moral values (Gladston, 2016, p. 102). Outcomes that are acquired with a specimen of Chinese enterprises indicate that the trader’s motivation for monetary victory is linked positively to moral disconnection and that similar disengagement, alternately, is linked positively to unethical resolutions. However, enthusiasm to attain self-realization is not connected to either unethical decisions or moral disengagement (Siltaoja & Lähdesmä ...

Comparison and Analysis of the Case of the Exhibition of Andres Serrano and Andres Serrano’s Winning Piece (Piss Christ, 1987)

Comparison In the case of the rejection of Andres Serrano’s exhibition in Australia, there are concerns over Andre’ work ‘Piss Christ’ from several religious stakeholders. A representative of the Australian Catholic has requested the Australian Supreme Court to ban the image claiminghat it is a form a blasphemy that cannot be tolerated by Catholics across Australia. Supporting his arguments with the Summary Offenses Act, Dr. Pell mentioned that Andres Serrano’s work was obscene and indecent to be exhibited in a National Art Gallery. However, certain religious stakeholders on the other hand, believes that the photograph was a ...

As Chief of Staff, my assignment is to create a response for you on the topic Medicare Crisis. I understand that you have been requested to take an interest in a board dialog and give a reaction concerning the Medicare financing crisis. The board examination will concentrate on the proposition of diminishing Medicare uses by enlisting members in HMO's. The National medical coverage framework for Americans started back with President Teddy Roosevelt, his stage when he kept running for president in 1912 included health care coverage. Roosevelt's thought for a national health arrangement was put on hold until U.S. ...

Faith, being an intangible concept, is almost indefinable. But there are theologians, like Soren Kierkegaard and Paul Tillich, who dared to define faith and its role in everyday life. There are similarities and differences between the interpretation of Kierkegaard and Tillich of faith, and some critics are not contented with or opposed to their ideas, particularly as regards the subject-object division. This paper argues that a thorough, critical analysis of the ideas of Kierkegaard and Tillich regarding faith will demonstrate both theologians remaining devoted to the conflict between the finite world and the infinite, unbounded realm. Kierkegaard often emphasizes ...

Abstract

Diversified care is a huge issue in the healthcare administration. One of the reasons for this is funding, another is that patients are becoming more aware of the medical advances that exist and are more demanding in regards to the treatment that they obtain. This has a huge impact on a hospital’s finances and strongly affects how they operate. Nonetheless, there are many ways that the issue can be addressed and avoided by both looking at the needs of the community and enabling the institution to change and implement the technological advances as they come about. One way ...

Abstract

Do the imbalances in current accounts still matter in today’s deep global financial markets that exhibit two-way gross economic flows that dwarf the new outcomes provided by current accounts? Contrasting the adult perception of the world and complete markets, extreme current account imbalances indicate severe financial and macroeconomic stresses, particularly as was the case in the mid-2000s. The increasingly massive valuation differences in nations’ net global investment standards and positions, as well as risk allocations, cannot be relied upon to offset the variations in regional wealth systematically as implied in the current accounts. The same conditions that warrant ...

Summary of Thinking, fast, and slow by Daniel Kahneman

George Mason University Summary of Thinking, fast, and slow by Daniel Kahneman Introduction The author, Daniel Kahneman, hopes that the readers would benefit from the reading of his book, which is about biases of intuition. According to the author, it can be a tough choice between what we believe and what we want. Friends and colleagues help us in making and evaluating choices. The thinking process is one conscious thought leading to another. The mental work creates impressions and intuitions silently in our minds. We allow our beliefs, feelings and preferences to feel confident about our decision, even if ...

One of the hallmarks of public life in the twenty-first century and especially since the rise of social media is in understanding how these developments have actively worked to change the way that not only people communicate with each other but how governments and institutions communicate with the people. The rise of social media technology has been largely concurrent with another very important change in the way that the world is organized; namely, globalization. Globalization as a process has for the most part been a force which has weakened the power of national governments, has created real constrictions on ...

“Gender equality must be treated as an explicit goal of democracy building, not as an add on.”

These words were stressed by UN Secretary General Mr. Ban Ki-Moon in his opening speech at the Round Table at the “Democracy and Gender Equality” forum which took place in 2011 (Tommasoli, 2011). I believe that this quote conveys the absolute necessity for gender equality. It is not just about ensuring the equality of men and women across the globe; it is also about advancing democracy as a whole. The economy plays a crucial role in this; democracy and the state of the economy are tied inseparably. Improvements made in gender equality improve the state of the economy, thereby ...

The different regions across the globe exhibit a great level of distinction in factors of production for which there is a huge difference in the costs of production within these regions, hence, the difference in economic growth and development across these regions. The understanding of the economic, spatial change is linked to the overall processes of transformation of capitalist markets and institutions, and productions systems due to the recognition of the contribution of various locations of economic activity. The regional economic performance has been pegged on a number of factors across the economy. First, is the use of knowledge ...

Public goods game: a group of people play a public game which is based on voluntary contribution mechanism (VCM). VCM is the game in which subjects have a certain amount of endowment (20$ in this study) and decide to allocate the endowment between public account and private account. The contribution to public goods is multiply with marginal per capita return. Marginal per capita return is the ratio of benefit to cost if people decide to give 1$ from private account to public account. An outcome of each player is:

In which ei is the endowment of each subject ci ...

Multinational Enterprise and Foreign Production Multinational firms exist because of certain economic advantages that enable it to be profitable by producing a good or service in a foreign country. It is important to understand the difference between Vertical expansion and Horizontal expansion of a multinational firm in order to understand the underlying principles of their economic activities. Vertical expansion happens when a firm finds assets in a foreign country it wishes to pursue. These assets can be either in the form of natural resources or other raw materials that it can use for inputs in its own production or ...

Regional Trade Agreements

Entry into regional trade agreements has become a commonplace and the secret behind regional economic competitiveness and eventual success. A good example of the economic gains derived from such agreements is the case of EU which forms the largest economy in the world. The entry into these agreements pulls in foreign direct investments to the member countries. The foreign investments increase the economic activity and cause the net effect of increasing the GDP in the specific countries. An example is the estimated 0.5% increase in output that would accrue from the creation of an economic agreement between the US ...

Introduction

The economic power in current global ecosystem has assumed more significance compared to conventional use of military power. The world has become increasingly flat and hence economic influence is becoming more impactful. On an upside, economic influence can be used to promote bilateral and/or multilateral economic relations between nations. On a downside, economic influence can be used to promote specific political, social and, of course, military goals. This is called, for current purposes, economic terrorism. By coercing nations into specific actions – or, for that matter, intimidating nations to backtrack from specific actions – coercive powers (state actors, non-state actors or ...

Introduction

The ongoing "refugee crisis" remains one of the troubling issues and increasing problem in the European integration. Over the last few years, the European Union (EU) has experienced crises resulting from Russia and Ukraine conflict and economic instability in Greece. However, these issues cannot be compared to the current unprecedented influx. The communities in the EU are now struggling to cope with the unanticipated increase of the migrants and asylum-seekers, which started few years ago but considered to reach a climax in 2015. In this year, it is estimated that more than one million refugees and migrants entered into ...

I. Introduction A. Opening Remarks: For centuries, countries have been working on having easy access to foreign markets for a variety of reasons. B. Thesis Statement: Although the NAFTA presented positive changes to the economies of all signatories, the labor market suffered in some areas of the United States and Mexico due to the changing labor demand in the market and the lack of opportunities for the rural folk. II. Background of the NAFTA A. History: Economic integration has long been an issue discussed by North American governments since the 1900s. B. Aims: Under the NAFTA, each signatory will ...

Arab Republic of Egypt (ARE) is located in the north-east Africa and partially in Asia (Sinai). It shares borders with Israel, Palestine (Gaza Strip) to the east, Sudan to the south and Libya to the west. In the north Egypt borders the Mediterranean Sea and the Red Sea in the east. The Suez Canal (length 173 km) spread through the territory of Egypt is the shortest sea route from the Mediterranean to the Red Sea and to the Indian Ocean. Therefore the Suez Canal is an essential strategic object towards Egyptian economic prosperity. Egyptian territory is actually inhabited only ...

Introduction:

Sagarmatha was open to foreign tourists in 1950 after many decades of isolation. Annual tourist visit in the beginning was very less until government realized the potential of the region and started investing in it (World Tourism Organization, 2008). Since then, the majestic mountain ranges have become the centre of attraction for many visitors, attracting a number of tourists each year for trekking and mountaineering activities. The objective of this paper is to analyse the impact on the economy of Sagarmatha after the evolution of tourism industry through STEEP analysis. The analysis will attempt to cover key trends in each ...

- Does the organization that you chose in the Db above have any Charitable lead trusts or charitable remainder trusts?

A charitable lead trust is where a trust will donate to a charity a given amount in order to lower taxes on the trusts’ beneficiaries and then donate further after a specified amount of time. The American Diabetes Association has a Charitable Lead Trust from the Trust of Abby R. Mauze between the amount of $250,000 and $499,999. A Charitable remainder Trust is similar but first dispenses th trust to its beneficiaries and then after a specified amount of time donates the remainder of the trust to a charity. While the American Diabetes Association encourages Charitable Remainder Trusts they have not received any recently.

- Define and outline these two trusts.

...

- What is the strategy of the GSO? Please be as specific as you can in identifying both the GSO’s environmental constraints, and how it differs both from the symphony orchestras, and from a professional sports team, which has many similar constraints and objectives? Why do these differences exist?

For a period of four years, Granville Symphony Orchestra experienced deficit, which forced the management to come up with effective, efficient, and attainable strategies. The main strategy of Granville Symphony Orchestra was to increase revenues whilst checking on the expenses. The management proposed many actions or measures to increase revenue as well as check on the expenses. One of the measures was to concentrate on the fixed costs. The Investment Committee and the Resource Committee were given the mandate to check the ratio between fixed costs to endowment income. The ratio between fixed costs to endowment income was to increase ...

David Ricardo argued that all factors held constant a country should specialize in production of goods it enjoys comparative advantage. Then it should engage in trade for import it has lower comparative advantage so as to enjoy the benefits from trade. The theory of international trade has for long been dominated by comparative advantage principle developed by David Ricardo based on labor law of values. Absolute difference in costs of production is the basis for trade but comparative advantage is the main reason according to Ricardo. Ricardo was one of the founding authors of the free international trade agendas through ...

Introduction

The media has had an amazing impact on the society around it. Newspapers, television, internet, and the radio are some of the forms of media that are in use, in Canada. Unfortunately, the media has managed to influence people’s perceptions and behavior in a negative manner. Stereotyping is one way through which the media can create negative perceptions by pointing out certain characteristics about a certain group of people. It is no wonder the Canadian media have been involved in issues of ethnic stereotyping of certain groups in Canada. The Canadian blacks have been the worst affected with the rampant ...

Global Economics

Answer of Question 1 The joint venture is not a good idea because the potential for disputes and conflict is present in the joint venture. The partners in a joint-venture may differ in their opinion of managing the business affairs of the company (Campbell). Disagreement may arise between the partners regarding the future direction of the business and disputes on the capitalization of the business. The partners having conflicting goals and interests may affect the joint venture if the interests and goals are not communicated in a proper way.

Answer of Question No 2

The Heckscher-Ohlin theory indicates that the countries will export those products in ...

A bias according to which people have a habit of accepting as true is “the law of small numbers”; that bias is a tendency to make assumptions based on small quantities of information. For instance, if a hedge fund executive had successful fiscal results for two years in a row, a lot of people would think that the hedge fund executive is himself above average, however this assumption is not considered valid, stemming from such a small number of years. Another example of this biased assumption is when you think you can guess if the next coin toss will be heads or tails, when the ...

Factor-Endowment Theory

This theory is also known as “Heckscher-Ohlin Theory. It is a theory of international trade. This theory is projection of the classical view. The main point of focus of this theory is the comparative advantage and its different patterns. This theory proposes that the comparative advantage is due to the differences in the factor endowment. This theory has gained much familiarity from the mid of the twentieth century to the end of the century. It is still center of the attention but faces a lot of criticism as well (Rich, 1992) The amount of labor, capital, land, entrepreneurship and other ...

Introduction

The pacific Spirit Regional Park is situated at the Endowment Lands of the University of British Columbia. It is located at Point Grey that is on the West to the City of Vancouver. The park surrounds the endowment lands at the shores of the Pacific Ocean, Georgia Straight. The park is a natural reserve by the government of British Columbia. The government classifies it under the Electoral Area A. The parks consists of more than 73 Km used for walking and biking activities. The area coverage for the multi-use, cycling and the horseback riding is around 50 kilometers. The British ...

Introduction to Pacific Spirit Regional Park

Pacific Spirit Regional Park is located on the University Endowment Lands. This city is located on Point Grey, to the west of the city of Vancouver in British Columbia. The Pacific Spirit Regional Park surrounds the endowment lands of the University of British Columbia. The park is a natural preserve of the British Columbia Government and has been classified under Electoral Area A. The park itself contains over 73 km of area which has been designated for walking or hiking with well laid out trails. 50 km of this area is also available for multiple purposes like cycling and horseback ...

Examination of Current Challenges in United States (US)-Egypt Bilateral Relations

Main Research Question What are some of the main current challenges facing United States (US)-Egypt bilateral relations, and what are its future prospects?

Hypothesis

Some of the main current challenges facing US-Egypt bilateral relations include the following – resolving the peace process between Israel and the rest of the Arab World in the Middle East and determining the scope of the Iranian nuclear program (Taleb, 2009). Generally, US-Egypt bilateral relations is premised on the following matters – reforms in politics, reforms in the economy and cooperative measures for intelligence concerns (Kotschwar & Schott, 2010; Taleb, 2009). Reforms in politics center ...

Abstract

There are numerous reasons as to why nations trade with each other. The main reason why countries engage in trade is due to the fact that there is a difference in the way natural resources are distributed. This is coupled to the factor of endowment. The factor of endowment refers to the money, land or labor that can be exploited to realize economic gain. The fact that every nation has a unique distribution of resources makes every country have its own economic potential. Some nations are blessed with more resources in terms of population, land and minerals compared to others. A ...

Works Cited 9

Preface Enron Corporation was American based energy, commodity and service organization that was established in 1985 by Kenneth Lay in Omaha. The company was formed by merging Intermorth organization and Houston Natural Gas. Over a period of time after its formation company shifted its focus from energy trader to energy bank by giving guaranteed quantities at fixed prices for long-term. The company was bankrupted on 2nd December 2001. Before its bankruptcy the company was one of the major operators in energy sector. It owned energy plants, gas distributors, water organizations and other subsidiaries to provide various services to customers ...

Introduction

The introduction of stakeholder theory as a basis for the development of Corporate Governance in the 21st century has been most effectively seen in the commitment to the sustainable economic development of employees, their families and the local community that they serve. The improvement of “society at large” it is presumed, is the basis to good business and ultimately profits (McNett, 2012). Unlike theories of agency, which propose individual decision as a model for corporate leadership, the foreign market entry of global organizations involved in trade has set the pace for increased focus on collective decision by stakeholders in response to ...

John F. Kennedy vs. Lyndon B. Johnson

Introduction

The political strategy of President Johnson was better suited in development of the USA in comparison to that of President JFK. This was crucial in the running of the countries projects to improve the status of the common American at the time. Johnson’s policies changed the way of governing of the American society for the better. President Johnson and JFK had different approaches to the way they wanted to help the common American in their terms as presidents. The new frontier and the great society are the best policies of the ...

Since 1965 when it was created by an act of Congress, the National Endowment for the Arts (NEA) has been funding projects designed to support artistic excellence in the community. I think that in the progress of a culture or society, once the basic components are in place such as food and shelter, is when arts can abound. Part of how a culture’s success is judged is on to what degree the arts have an importance in within the society. The NEA is as a result an important marker to where American culture is. While the NEA awards for programs ...

The National Endowment for Arts distributes money to agencies and artists nationwide. In this paper, I will provide an overview of some of the grants of the National Endowment for arts for arts in Tennessee as well as provide the reasons that make these grants interesting to me. This institution was awarded $15,000 in support of an analysis of an in-school art education programs in the Southern U.S. through the review of documents, interviews, observations and focus group discussions that were based on several case studies (NEA, 2013). This grant has become interesting to me since it ...

Introduction

This paper identifies and provides an overview of some of the grants and initiatives of the national endowment for the arts in Tennessee. The grants identified have been found to be interesting in different aspects.

This commission receives grants from the national endowment for the arts. I find this interesting in that the Tennessee General Assembly also funds the commission. Moreover, it is the mandate of the local government to support this commission.

The Nashville Shakespeare festival

In the 2012/2013 financial year, the Nashville Shakespeare festival was supported to the tune of $10,000. This event offers a significant boost to upcoming artist to ...

Introduction

Eugene Onegin is the masterwork poem of the Great Russian poet of all time in the name of Alexander Pushkin Meet my hero of romance, before you, let him now advance. Eugene Onegin, born and raised There beside the Neva’s shore, Where you too were nourished or Found your fame, perhaps amazed, there I too strolled back and forth: Though the North affects me so. . This is an 1820 Russian encounter of three men and three women so enchanted in vicefull structures that they almost incompetent. Full of suspense, engaging and with a varied tone it tries to ...

Money often acts as source happiness, yet it may result sorrows. “The Cherry Orchard” presents a situation where the two main characters appear seemingly bound in bondage for the good and bad of money, and the way they use their treasures. Flights cover the whole usage of money and social crimes are not exception. The strength of money elates many people into deals that later prove not worthy the course. At the same time, money’s main motive includes investment, which presents the idea of taking risks that are worth (Carruthers 59). Ranevsky and Lopakhin in “The Cherry Orchard” relay ...

TITTLE; Deep insights into how managers deal with cross cultural issues in a multinational company. DHL being the multinational company focused on. - Introduction - Importance of considweragtion of culture - Issues in organizations due to cultural differences - Cultural practices in other multinational organizations: - Cultural discrimination in organizations: - Measures taken by managers to solve cultural issues: - Methods used for employees: - DHL cultural strategy: - Conclusion: - References

Introduction:

Multinational organizations often employ people from various countries across the globe and are often in search of top ...

- Introduction The Midwest has for many years been known for its lucrative agriculture. Large scale production of agricultural products such as corn and soya beans characterizes a large proportion of lands in the Midwest. Considering that agriculture is a main source of income for many Midwesterners, the US department of Agriculture(USDA) has over the years conducted studies to determine the profitability of agriculture and the patterns that characterize the agricultural market in the Midwest today. In a published article in the Economist entitled Fields of Gold, it is evident that the Midwest has in the recent past become a victim ...

There is a common reaction for many people when they see modern art: “this isn’t art,” they’ll say, shaking their heads in disbelief. “I could have done this-- what is it doing in a museum?” Many people are not well-versed in the art world, and do not have a good philosophical understanding of the question of art and non-art. When deciding whether or not the government should fund a certain exhibition of art, whether through grants or public funds, there are a variety of different factors that must be considered by the government and the artist. The federal and state governments ...

Introduction

For all practicable approaches, Western authorship conceives with the Iliad. The Epic of Gilgamesh while at least 1,000 decades older, exist neither as distinguished nor as arrogant as Homer’s act. We moderate conduct advertisements adapt “Achilles’ backslider,” Trojan horse,” or “The brave that bumped a billion battleship,” all with compulsions in the Iliad for the myth duration on which it exist based, adjacently 3,000 centuries consequent the poem continued composed. Along with at least in articles of the allotment of clones to dwell from antiquity, the poems of Homer are accompaniment odd to the Bible in preeminence. ...

1. Explain the concept of comparative advantage and the principle theories of why trade occurs. Comparative Advantage can be defined as the ability of a country to produce goods and to deliver services at a cost below that of the competitors. The concept was developed by David Ricardo in the attempt to amend the principle of absolute advantage presented by Adam Smith in his book The Wealth of Nations. According to Smith trade develops between countries that have absolute advantage in producing a certain product or service, or, in other words, that are able to use less resources for production than ...

Axia College

A Stakeholder is any individual, group, or organization having an interest in or an impact on, and/or possibly affected by the existence of an organization, or – in this context – a particular program. In evaluating any program, the evaluation tools (questions, surveys, required data, etc) should take into account the interests of all stakeholders when determining the information needed. It is most important to pose the right questions, so that each interested party is provided with the needed information to properly determine that a program is effective, will meet its goals and objectives, if necessary allowing program modifications to provide the optimum ...

Introduction

Iwamoto, Crew & Coe was contracted by Kathy Kudler, the proprietor of Kudler Fine Foods to evaluate the alignment of Kudler Fine Foods Performance Management (PM) system to the its strategic plan and develop the necessary processes need to implement a new performance management system before the end of the year. To this end, Iwamoto Crew & Coe conducted a training needs analysis. The TNA consisted of organizational analysis, operational analysis and person analysis. This report documents the findings of the training needs analysis.

Organizational Analysis

Organizational analysis involves evaluating how an organization’s internal environment influences employee performance and how it fits within the ...

The example of the car and truck production in Norway and Costa Rica is a good illustration of economic factors such as comparative advantage, absolute advantage and the factor endowment theorem. Norway has a high absolute advantage in car production. This is because it has a higher production capacity of 20 cars in one hour if it decides to produce cars only. Therefore, it produces the cars at a lower cost than Costa Rica because it will have economies of scale in its production. Costa Rica has a higher absolute advantage than Norway in truck production. This is because, in Costa Rica, 15 ...

Higher Education

Q. 1. Compare and contrast two budget philosophies in higher education. How are these philosophies able to reach the same financial planning goals of a campus? How should the institution's budget philosophy align to the institutional mission?

A. There are two common approach in higher education budgeting, the Incremental Budgeting and the Responsibility Center Budgeting. To compare the two, the university revenues in IB approach is being deposited in the university's general fund and the central authorities will be the one to do the allocations and determine how much budget each individual group will get. On the other hand, RCM ...

The age of innocence refers to a novel by Edith Warton and got published in 1920. The novel gets set in upper class New York during the 1870s (Wharton 2). In the novel, the author gets to depict the themes of social class, social rigidity and hierarchy that evidenced itself in the elite families of upper New York. Society as portrayed in the novel, forces people to convent to its forms (Pennel 18). The author paints the issue of social classes through the novels main characters of Newland Archer, May Welland and Ellen Olenska. This paper will aim at analyzing ...

In 2004, the head of Harvard University’s $20 billion endowment fund faced pressure to change compensation plan for top investment managers since in 2003, a total of $107.5 million were received by top five managers of Harvard Management Company while the two most successful earn over $34 million each. The move brought a lot of protests from the Alumni who threaten to withhold gifts since the compensation endowment exceeds the salaries of the faculty members and administrators. In Harvard, managers’ salaries and bonuses exceed the compensation paid by any other school. Harvard endowment has increased from $4.7 billion to $22.6 ...

The essay “Now We Can Begin: What’s Next?” by Crystal Eastman is assuredly a strong and persuasive piece. She was a social feminist who wrote this essay in 1920, after the Tennessee legislature passed out the Federal suffrage amendment, which gave women the right to vote. Well that is not all what a woman needs in the society to be considered equal with men. Eastman has diligently sought to express the need for emotional freedom and economic independence of women, in this essay, to foster the right treatment to women as human beings. How Eastman shows the different aspects of the ...

Abstract

The commonly held perception that the government provides all of the funding for the arts, distributed through the National Endowment for the Arts, is inaccurate and misleading. In truth, private and corporate donations account for a substantial part of the money that is distributed nationally each year. In the current economic environment, a partnership between the government, corporate and private donors represents an attractive scenario in which the arts would thrive free of the influence of the government. In this paper, it is argued that a more expansive concept of arts funding must be realized if the nation is to continue to ...

I. International trade The exchange of goods, services, and capital across international territories is referred to as international trade. Different countries specialize in producing different goods and trade the goods with each other (Grand mont & McFadden, 1972). This creates mutual benefit in the countries involved. The concept of international trade has been in existence since history, and its political, social, and economic importance has always been on the rise. This trade constitutes a significant share of the Gross Domestic Product of various economies (Kemp & Wan, 1993). Some of the factors that have had a huge impact on international trade include ...

Preference Ordering

This refers to ordering choices of alternatives that determine preferences. Different sets of consumption bundles face the consumer but only one is an optimal choice. Therefore, a consumer will order available products and services in order of utility derived from each based on reflexivity and transitivity. If X > Y and Y > Z then X > Z. If good X and Y are available to the consumer, only one can be chosen. If X > Y the consumer strictly prefers good X to Y and vice versa. Alternatively an order X ≥ Y implies the consumer weakly prefers X to Y. An order X ≥ ...

Question 1

In order to manage and successfully reduce or mitigate the financial risks associated with advance payment of large amount of money to unknown supplier, it is first important to identify and understand the risks associated with this kind of transaction (Froot, Scharfstein, and Stein 1993). An advance payment, in its basic terms, is a prepaid expense from the client (in this case RTE) paid to the supplier or the vendor (Vital Office Furniture Limited) in advance for the goods and services (furniture and fittings in this case). An advance payment is very important to the supplier as it provides ...

Question 1: What are the advantages of leads and lags over direct loans?

Leads refers to acceleration of the time of making foreign currency payments while lags on the other hand refer to delaying the time of making foreign currency payment. It is aimed at increasing the working capital or reducing foreign-exchange exposure. Lags and leads are achieved by modification of credit terms extended in one currency to another. Most multi-national companies use leads and lags to reduce the exchange risk and to transfer the financing burden from one unit to another. There are several advantages of leads and lags when compared to direct loans. An official note as a recognition of a ...

Introduction

In the period of the last five decades, the United States has documented a major reduction in the rate of infant mortality. Previously in 2003 the mortality rate has been 26 deaths in every one thousands birth. By the year 2007, the death rate was approximated at six deaths in every 1000 births (Gannaro, Shults & Garry, 2008). Various programs have since then been initiated with a major aim of reducing the rate of infant mortality. However, there is still some disparity when it comes to the mainstream population representatives in comparison to the minority populations especially in the case of ...