Cases of fraud usually take place in both huge firms as well as small firms, and in this case, we will focus on Mamtek, which was a small firm. There are various reasons that usually led to cases of fraud in the various firms. Most of the fraud cases usually involve manipulating the various stakeholders for personal gain. Such decisions to commit fraud are usually for personal gains or to achieve performance within short durations rather than following the right procedures which would bring positive results in the long run. Mamtek was a Hong Kong based manufacturing firm that ...
Essays on Sum Total
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Definition
Gross Domestic Product (GDP) is the sum total of the value of all the final goods and services produced in an economy in a given period of time . The accounting period of GDP is one fiscal year. That is, we account the goods and services produced in a year in our GDP calculations.
Real and Nominal GDP
We have stated GDP as the ‘value’ of goods and services. This value is the money value. That means we multiply each quantity with its price to get the GDP. This is done because all goods and services have different units of measurement. To compute them ...
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