...Primer on Writing an Analytical Essay: If you are at all uncertain how to structure an essay read the following material carefully. Introductory Paragraph: Your first paragraph is the most important part of your essay and should consist of 3 parts: a hook, background, and your thesis: The hook: Grab my attention. Make your first sentence interesting and meaningful Example: If Bill Gates spent $50,000 a minute for the rest of his life, he would still die a wealthy man if he lived for 40 more years. Background: Explain the general issue that you are writing about and the controversy surrounding are assessing, including the title and author’s full name. Example: Many economists lament the growing division of wealth that has marked America in the last two decades. While some this is the basis for America’s economic strength, others feel reversing this trend should be a top priority. In fact, Sue Ackerman in her article “The Rich and the Rest”, suggests that there should be a ten-times rule, whereby the top wage earners could earn no more than tens times the minimum wage. Thesis Statement: This tells me what your position on the topic is as well as how you are going to support it. Example: Her suggestion is ridiculous and should be opposed for three reasons. First of all, it is arbitrary – why should it be 10 times the wealth of the poor and not 8 or 15. Secondly, it is un-American by going against basic...
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...Chapter 4 Measuring GDP and Economic Growth 1 Gross Domestic Product 1) Gross domestic product is the total ________ produced within a country in a given time period. A) market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services Answer: D Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking 2) Gross domestic product A) includes all the goods and none of the services produced in an economy in a given time period. B) measures the value of the aggregate production of goods and services in a country during a given time period. C) measures the value of labor payments generated in an economy in a given time period. D) is generally less than federal expenditure in any time period. Answer: B Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking 3) Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B) consumer income in an economy over a period of time. C) capital accumulation in an economy over a period of time. D) final goods and services produced in an economy over a period of time. Answer: D Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking Copyright © 2012 Pearson Education, Inc. Chapter 4 Measuring GDP and Economic Growth 493 ...
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...GRE Analytical Writing ISSUE Essay Topic - 1 "Important truths begin as outrageous, or at least uncomfortable, attacks upon the accepted wisdom of the time." GRE AWA Analytical Writing ISSUE Essay Sample Solution – 1 “The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth.” ― Niels Bohr[->0] This is a proven fact that truth is the initial stage of progress. However, it is also believed that truth always starts away from the traditions and conventions. Therefore, people consider truths as attacks upon their beliefs, which people are following from ages. Truth also means some new facts that are unknown to us. People do not want to deviate from the facts, which they have learnt from their ancestors, and it is true to say that shedding ones dogmas is often difficult. They feel that it is an attack on their wisdom. If we look at the history of the world, we will find many examples where truth has generated commotions in the society. Different people have different views about the existence of God, life after death and origin of earth etc. For example, people took a long time to accept that the earth is round. Religious leaders and clergymen opposed this idea as it was against what they were teaching. Similarly, when Polish astronomer, Copernicus discovered that the earth goes round the sun and not vice versa, he was opposed by churches for many years. In fact he and his supporters were...
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...Chapter 08 Business Income, Deductions, and Accounting Methods True / False Questions 1. The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure is "ordinary and necessary". True False 2. Business activities are distinguished from other activities in that business activities are motivated by the pursuit of profits. True False 3. The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business. True False 4. Reasonable in amount means that expenditures can be exorbitant as long as the activity is motivated by profit. True False 5. The test for whether an expenditure is reasonable in amount is whether the expenditure was for an "arm's length" amount. True False 6. Illegal bribes and kickbacks are not deductible as business expenses, but this prohibition does not include fines incurred in the ordinary course of business. True False 7. Although expenses associated with illegal activities are not deductible, political contributions can be deducted as long as the donation is not made to a candidate for public office. True False 8. When a taxpayer borrows money and invests the loan proceeds in municipal bonds, the interest paid by the taxpayer on the debt will not be deductible. True False 9. Employees cannot deduct the cost of uniforms if the uniforms are also appropriate for normal...
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...Rosalia Cochon October 17, 2014 Saudi Arabia Oil Sales to US Imperiled by Shale Boom Analytical Essay After years of keeping the price, of crude oil sold to the United States, low enough to maintain market share, Saudi Arabia is at a disadvantage as the shale gas leaves American refiners with abundant supplies of inexpensive domestic oil. This article, published on Bloomberg Business Weekly on September 28, 2014, describes the changes in Saudi´s oil market now that the US turns to lower-priced domestic oil. Saudi´s imports are being pushed back by domestic production, rising to 65% in the past five years due to technological advancements in hydraulic fraking in part of the US. Saudi´s sales to Asia will become crucial moving forward, as demand for crude in the region is expected to rise 44% through 2035, while demand from North America shrinks. Due to United States’ preference for domestic oil, the demand of Saudi´s crude oil is decreasing. A decrease in demand implies that consumers (US) plan to purchase less of the good at each possible price since, demand is the consumer's desire and willingness to pay a price for a specific good or service at a given time and place. Therefore, the demand curve for crude oil in Saudi will shift to the left, forcing price and quantity to decrease due to the law of demand which claims that, all else equal, as the price of a good or service increases, consumer´s demand for the good or service will decrease, and vice versa. The demand curve...
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...Alfaisal University College of Business Master of Business Administration Professional Program MBA 513 Managerial Economics Course Syllabus Instructor: Dr Declan McCrohan © The College of Business, Alfaisal University, 2013. The materials contained in this document may only be used during the Alfaisal University MBA Program. Except as stipulated under national and international copyright laws, no part of this document may be copied, reproduced, stored or transmitted in any form or by any means, or used for any commercial purpose without the written permission of the copyright owner. Contact Information and Class Times Instructor: | Dr Declan McCrohan | Address: | College of Business, Alfaisal University,PO Box 50927,Takhassusi StreetRiyadh 11533,Kingdom of Saudi Arabia | | Email: | dmccrohan@alfaisal.edu | | Office: | +96612157717 | Consultation hours: | To be confirmed | Office: | College of Business, male section. | Class Times: | Cohort 1: Mon 9-12 Cohort 2: Sun 6-9pm Cohort 3: Mon 6-9pm | Venue: | Alfaisal University. Please check your personal academic timetables for the classroom location. | Course Instructor Dr Declan McCrohan graduated with a PhD in Applied Economics and a Masters degree in International Trade from Victoria University in Australia. His PhD research examined the impact of overseas students’ social networks on international trade flows. Dr McCrohan has extensive...
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...FIN560 Final Exam Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Final Exam is open book and open notes. The maximum time you can spend in the exam is 3 hours and 30 minutes. If you have not clicked the Submit for Grading button by then, you will be automatically exited from the exam. In the Final Exam environment, the Windows clipboard is disabled, so you will not be able to copy exam questions or answers to or from other applications. 2. You should click the Save Answers button in the exam frequently. This helps prevent connection timeouts that might occur with certain Internet Service Providers and also minimizes lost answers in the event of connection problems. If your Internet connection does break, when you reconnect, you will normally be able to get back into your Final Exam without any trouble. Remember, though, that the exam timer continues to run while students are disconnected, so students should try to log in again as quickly as possible. The Help Desk cannot grant any student additional time on the exam. 3. See the Syllabus section "Due Dates for Assignments & Exams" for due date information. 4. Reminders * You will only be able to enter your online Final Exam one time. * Click the Save Answers button often. * If you lose your Internet connection during your Final Exam, log on again and try to access your Final Exam. If you are unable to enter the Final Exam, first contact the Help Desk and then your instructor. * You will always...
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...increase in the excess of book income over taxable income. This is evidence that firms incur additional costs for reporting higher book income than taxable income. I also investigate the relationship between compliance costs and taxes paid. Existing descriptive research emphasizes the social cost burden of such compliance costs. Preliminary results indicate that firms that spend more on tax research and planning report lower tax expense. results that proposed Internal Revenue Service (IRS) audit adjustments increase as the excess of book income over taxable income increases. This is evidence that firms incur additional costs for reporting higher financial statement income than taxable income. I also investigate how the level of conformity varies as the relative incentives for book income versus tax savings change. Tax regimes that require more conformity between book and tax accounting will likely induce higher tax payments than those firms whose incentives to maintain high book income are the greatest. In addition, government enforcement costs may be higher under a regime where the tax base is not as strongly related to financial income as is the present corporate income tax system. Second, I investigate the relationship between compliance costs and taxes paid using data from the Slemrod and Blumenthal (1996) Compliance Cost Study. Prior discussions of these data emphasized the social cost burden of such...
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...ECON 515 MACROECONOMIC POLICY FALL 2012 Monday & Wednesday 8:00AM-9:30AM 9:50PM-11:20PM 1:10PM-2:40PM Rawls 3082 INSTRUCTOR: DR. GERALD J. LYNCH Office: Rawls 4039 Phone 494-4388 lynch@purdue.edu Secretary: Sherry Fisher 496-7227 Office Hours: Monday and Wednesday 3:00-4:00 and by appointment Introduction to the topic: As recent turmoil in the financial markets has demonstrated, macroeconomic fluctuations in the economy can create a difficult operating environment for the firm. This situation is further complicated by the fact that it is an environment over which the firm has little control. Even though the firm cannot control the environment, it can still react to economic conditions in ways that minimize its uncertainty as long as it understands the constraints it is facing. The purpose of this course is to help in an understanding of the macroeconomy. Macroeconomics is that branch of economics that seeks to understand and explain changes in output, general prices, employment, interest rates, foreign exchange rates, the balance of payments, and other related phenomena. Emphasis is given in this course to analyzing financial markets where interest rates are determined. We will spend more time than usual on the financial markets this year in response to the uncertainty in that environment today. Also, since the macroeconomic environment in this country is increasingly influenced by international conditions, the factors underlying trade and exchange...
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...prosecutors and the company. With Kozlowski as chief executive officer he made Tyco into a giant conglomerate mainly through acquisitions. Tyco has two major segments; fire protection systems and security systems is incorporated in Switzerland and has operational headquarters in Princeton, New Jersey. At its peak, Tyco had a market value over $100 billion. In 2002 Kozlowski left Tyco over a issue regarding the misuse of company funds and his hefty compensation package. Shortly after leaving Tyco, Kozlowski was indicted on charges of evading more than $1 million of sales taxes on six paintings that he purchased. There were other controversial issues concerning his involvement in criminal activities associated with his finances, evading sales tax, falsifying company records and tampering with physical evidence during the investigation. While Kozlowski pleaded his innocence the prosecution argued that he evaded taxes and falsified evidence to hide the...
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...An Essay on Fiscal Federalism Wallace E. Oates Journal of Economic Literature, Vol. 37, No. 3. (Sep., 1999), pp. 1120-1149. Stable URL: http://links.jstor.org/sici?sici=0022-0515%28199909%2937%3A3%3C1120%3AAEOFF%3E2.0.CO%3B2-A Journal of Economic Literature is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact support@jstor.org. http://www.jstor.org Tue Apr 24 17:00:09 2007 Journal of Economic Literature Vol. XXXVZZ (September 1999) pp. 1120-1 149 An Essay on Fiscal Federalism 1. Introduction ISCAL DECENTRALIZATION is in vogue. Both in the industrialized and in the...
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...7 ANALYZING THE AUTHOR’S PURPOSE AND TECHNIQUE he writer’s overall purpose determines the techniques he or she uses. The writer’s reason for writing a particular article or book may be manipulative, as in propaganda or advertising, or may be more straightforward, as in informative writing. In either case, understanding the writer’s underlying purpose will help you interpret the context of the writing. It will also help you see why writers make the decisions they do—from the largest decisions about what information to present to the smallest details of what words to use. The chapter concludes with instructions on how to write an analysis of purpose and technique. This kind of rhetorical analysis will provide the perspective required to keep you from being pushed by words in directions you don’t want to go. T 103 104 Part 1 Writing About Reading The Writer's Purpose Insofar as people know what they are doing, they plan their actions to achieve their purposes. Someone who selects the purpose of being rich will design and carry out a set of actions, legal or illegal, to gain the desired wealth. A person who wants to gain great wisdom will design an entirely different life course. Writers, whether they want most to be wealthy or wise, have specific purposes they hope to achieve by any piece of work. If they are skilled writers—that is, in control of what they write—they design each aspect of what they are writing to achieve their purpose. Being aware of the writer's...
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...2 of 56 Clear Thinking, Critical Thinking, and Clear Writing Students will learn to … 1. Determine acceptable and unacceptable degrees of vagueness in language 2. Understand and identify types of ambiguity 3. Identify the problems generality causes in language 4. Use definitions to increase precision and clarity and to influence attitudes 5. Understand the types of definitions 6. Acquire skills for writing an effective argumentative essay rom August 1987 until January 2007, Alan Greenspan was chairman of the Federal Reserve Board (“the Fed”). Because any remark he made about U.S. monetary policy could cause markets all over the world to fluctuate wildly, he developed a complicated way of speaking that came to be known as “Fedspeak.” Here’s an example: It is a tricky problem to find the particular calibration in timing that would be appropriate to 2/9/2016 12:17 PM 3 of 56 stem the acceleration in risk premiums created by falling incomes without prematurely aborting the decline in the inflation-generated risk premiums.* Greenspan has admitted that such remarks were not really intended to be understood. Asked to give an example by commenting on the weather, Greenspan replied, I would generally expect that today in Washington, D.C., the probability of changes in the weather is highly uncertain. But we are monitoring the data in such a manner that we will be able to update people on changes that are important.* Page 70 2/9/2016 12:17 PM This tells us nothing about the weather...
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...The Right of Usage of Private Property Diana Vazquez University of Redlands Author Note This paper was prepared for Business, Ethics and Society, taught by Mr. Jensen Analytical Essay: The Right of Usage of Private Property The Right of Usage of Private Property. The city of Santa Monica, California is facing a dilemma, which is not unique to Santa Monica as this is a situation affecting other cities throughout Southern California as well as the rest of the United States. The question is, do private property owners have a right to freely rent or lease their property on a short term basis or does the local government have a right to institute laws and restrictions on private property owners wishing to rent or lease their property on a short term basis? What is private property? According to Business dictionary.com (2015), private property is… “Tangible and intangible things owned by individuals or firms over which their owners have exclusive and absolute legal rights, such as land, buildings, money, copyrights, patents, etc. Private property can be transferred only with its owner's consent, and by due process such as sale or gift.” John Locke was an influential English political philosopher who believed that God gave man the earth in common, meaning everyone had a right to it. That man had the right to use all that the earth produced, fruits, vegetables, water, animals… the necessities to maintain life and to allow human comfort. He believed that man was...
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...Financial Ratio Comparison of Tesco Plc and Sainsbury Plc Introduction Abraham Brilloff once said, “Financial statements are like a fine perfume-to be sniffed but not swallowed.” This means to make rational decisions in keeping with objectives of the firm by busing the financial statements (Helfert, 2003), it is important to critical and analytical sniff but to simply swallow the statistical information from the statements. Using what tools to get into the deep sight of financial statement and see the beautiful sight of the financial world is what the essay focuses about (Matsumoto, Melkote & James, 1995). This essay centers on demonstrating and understanding of the purpose of financial ratios analysis, applying a range of financial accounting ratios to analyze and interpret financial statements and trend analysis of financial statements, using these ratios to critically evaluate the comparable companies’ performance and critically propose constructive suggestion to the discussed companies. And this essay selects Tesco Plc and Sainsbury Plc as a set of basement to analyze financial ratios of the companies’ financial statements. Tesco Plc and J. Sainsbury Plc are the comparable companies. Tesco Plc, whose headquarters are in UK, is one of the world's largest retailers with operations in 14 countries. Tesco Plc operates not only store mainly offering food, general merchandise, clothing, and electrical products, but also finance service, such as retail banking, financial, and...
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