Strategic Management Essay Example | Topics and Well Written Essays - 3000 words - 12

Strategic Management - Essay Example Strategy formulation and implementation include a variety of organizational practices. It is often understood as the ‘decision related to the design of a process and the infrastructure needed to support the process’. To illustrate, it is the process that defines the organizational goals and lays out plans in long term to achieve the intended goals. Strategy not only determines the organizational mission and objectives but also covers other areas such as marketing, finance. The following diagram shows the various aspects of organizational strategy. However, an outstanding strategy does not necessarily mean that the organization would achieve its goals. In addition to the well-designed strategy, the method of implementation is a significant factor that determines the organizational success. Therefore, successful managers would integrate the various strategic aspects with all important elements of the organization. As it is stated in Wiley & Sons, in order to achieve goals, managers must ‘comprehend their potential combinations and coordinate and integrate business factors’. Organizational Strategy became a subject for debate since 1987 when it was termed as design strategy and emergent strategy by Henry Mintzberg. He argued that strategy not only includes predetermined actions but also the gradual developments or immediate steps taken to deal with changing situations. Although in general sense strategy indicates the preset programs, organizational decisions are always subjected to the immediate deviation.

Negligence in Sports Injuries Essay Example | Topics and Well Written Essays - 2750 words

Negligence in Sports Injuries - Essay Example Where sporting events are concerned, the finding of negligence is complicated by the volenti non fit injuria principle, whereby the underlying premise is that those who participate in sports knowing the risks that may exist5, are in effect, consenting to a breach of duty of care and hence negligence claims may not hold good6. For example, in the case of Woolridge v Sumner7 where a spectator was injured, it was held to be the result of an error of judgment rather than negligence. It was also held that liability could be established only when it could be shown that there had been a reckless disregard for the safety of the spectator/s. The notion of "reckless disregard" as laid out by Lord Diplock is inherently based upon the premise that a player acts negligently when he foresees risks and yet proceeds with his actions despite the risk. Reckless disregard thus involves a breach of not only the duty of care owed to prevent a claim of negligence, but also a duty of skill. Thus, in the case of Woolridge, for example, Lord Diplock clarified that when a participant was aware of his lack of skill to perform a sporting feat and the risk his lack of skill might pose to spectators, he would be guilty of negligence to the spectator, if he still goes ahead and performs the act in question8. As a result, while negligence implies the owing of a duty of care, reckless disregard implies the owing of a duty of care and a duty of skill. Reckless disregard is in essence, negligence applied within a sporting context, with a higher threshold to allow for the inherent risks in sports which players voluntarily assume under the volenti fit non injura principle. Reed, in analyzing the judgment rendered in the case of R v Barnes9 has explained how, within the context of sports, reckless disregard occurs when a player inflicts harm or injury maliciously10. A defendant who is "reckless" is one who is able to foresee that there is a risk for bodily harm occurring through his actions and yet, chooses to ignore the risk and continue with the offending act. "Recklessness implies a greater degree of culpability or wrongdoing than negligence" because recklessness amounts to willfully exposing another person to harm and causing injury, rather than it occurring as a result of

Police UK Force

Police UK Force Evaluating the Moral Justification of Force in the UK Police Consequentialism and the Use of Deadly Force Among Police Personnel in the UK Against a backdrop of a democratic society, the use of deadly force by the police in countries such as the UK seems implausible for human rights activists. First, police officers are expected to uphold the human rights of every individual hence, civilian rights are always preserved even in criminal cases where the due process of law is considered to be the golden standard in the judicial system. Thus, threading the line between regulations and policies of the agency as well as the ethical and moral dilemma in the use of deadly force predisposes police officers to question the legitimacy as well as the moral justifications in their use of deadly force. While several philosophical theorists have argued for different justifications through philosophical theories, the theory of consequentialism appears to be the one that closely justifies the use of deadly force among the police. Before examining the moral and ethical arguments for the use of deadly force using the consequentialist paradigm, let us first examine the important aspects of deadly force and the use of it by the UK police. First, deadly force as defined by Geller and Scott (23) pertains to the force reasonably capable of causing death or bodily harm. According to this definition, an act that can kill should be consumated before it can be considered as a deadly force hence; threats are not considered to be within the parameters of this scope. The use of deadly force according to Kappeler, Kraska and Marron (3) falls within emergency situations such as in hostage taking, shooting randomly, pursuance of a police officer of unarrested criminal and other similar incidences. Consequently, in the UK, police officers are given the discretion to determine if the suspect poses a threat to the police officer or the public. In the pursuit of these suspects, police officers are given the power to use deadly force through probably cause of harm. The courts decide whether the use of deadly force is justified or not and in some cases, police officers are charged because their use of deadly force is considered to be unjustifiable. Hence, there is a very thin line separating the justification of the use of deadly force from an act that is unjustified. The ethical and moral dilemma of police officers therefore rests not only on the regulations of their agency but on their analytical and ethical decision. Thus, the pursuit of the philosophical theory that can best justify the use of deadly force ensues. Consequentialism has been considered as one of the more important theories in justifying the use of deadly force by the police primarily because of its consideration of the consequences of a given act. In contrast with other theories that uses the nature of the act itself (deontology) or the goodness of the wrongness of the act or whether it is a good virtue or not (virtue ethics), consequentialism considers the aggregate value of the act based on the summation of its consequences- if it benefits the greater number of people, then it is considered to be morally justifiable. It should be noted that consequentialism has different forms such as the act consequentialism and the rule consequentialism. In this paper both types of consequentialism will be explored. The Ethico-Moral Principles of Consequentialism: Implications in Use of Force First, the use of deadly force is essential in policing and in providing a higher value for the consequences of the actions. Some writers do posit that the use of force is essential and central in policing. Skolnick and Fyfe, in their recent book on the topic, frankly contend: No matter how many warnings may be issued by superiors about limitations on the use of force, no matter how much talk about policing as a profession, police training continually reminds recruits that coercive power is a central feature of police life. (Skolnick and Fyfe, 95) They claim that such force will remain an inevitable component of policing.(Skolnick and Fyfe, 37) Vance McLaughlin similarly asserts that although the use of force by police is not as frequent as the public may imagine, police officers routinely use force to carry out their role as enforcers. His view is that the use of force is inherent in the profession just as legitimate force is an essential ingredient in maintaining an ordered society (McLaughlin, 1). Accordingly, in every nation today, law enforcement officers possess the right to use force (McLaughlin, 7) Lawrence Sherman maintains a comparable perspective in saying: Force is the essence of criminal justice, just as the monopoly on the legitimate use of force is the essence of the nation-state (Sherman, 37). Second, the use of force by the police is legitimized by the concept of the greater good for the greatest number- a concept that is used not only in democratic countries such as the UK but also in moral arguments. For instance, several studies both in domestic and international political and security arena have provided extensive justifications for the use of force using the consequentialist paradigm. For instance, in the study of Whitley (24), the author argued that preventive war to crimes produces more good than evil and hence, similar to the study of Yoo (730), the use of force is self-defense and in defense of society is a just war and is therefore legitimate. Hence, in the same vein, any person who is poised to commit a crime against the society necessarily invokes the right of governing institutions such as the police force to enforce security and safety of the greater good. Within this argument, the virtue of an act or the use of force by the police is justified by the preser vation of security within the society. This argument presupposes that the consequence of the use of force by the police would lead to greater security and hence, deterrence of violence which leads to better quality of life for the people in this case, British citizens. The use of force by the UK police was born out of threats to public safety. Neyroud (252-253) outlining the history of the UK police force has argued that the baton-days before the 1980s was inadequate in protecting the public against public criminals such as in the case of the Hungerford Shootings and the Thames Valley where an armed man started to shoot in random killing two person and one injury. Hence, according to Neyroud (253), the public expectations of the police and the use of force has been a dilemma for the UK police- is the use of deadly force justified? Accordingly, according to the Thames Valley Police (1) argued that it is justified because it protected not only the police officers but also the public. This kind of threat cannot be allowed in a society because it lessens the confidence of the people on the police as well as on their own neighborhood. Hence, shooting a person who is out to kill others by virtue of the consequence of killing innocent people and police of ficers is justified because the death of the criminal would mean sparing the lives of innocent people and in the process restoring the peace needed by the greater number of people. Third, the use of deadly force by the police is justified because of the framework of defending ones self and defending others within the society. Within this frame, Kaufman (24) argues that the morality of people is subjected to a higher authority- in this case, the police force represents the society to which social contract is established among its citizens. According to Gentili (16), regulations are always backed with force- this type of force whether deadly or not is legitimate because people who have committed crimes to others and the society ultimately obliterate their human rights. Hence, in violating the rights of others and the public, criminals who are subjected to the use of deadly force essentially, forego their own human rights. Hence, while even the UN Charter would consider the use of deadly force as the last resort, it recognizes that political and judicial means are not always responsive in defending its citizens thus, the inherent use of deadly force in self-defens e cases are permitted (Yoo, 738). Consequently, the use of deadly force is more prevalent in the United States than in the UK because of the reason of self-defense. The use of deadly force is mostly applied to cases considered to be of extreme nature such as the murder of police officers, firearm robberies and homicide of the general population (Parent, 230). Within the consequentialism paradigm, the consequence of self-defense is morally justifiable because the police use of force is within the boundaries of their discretion- it is easier for the society to accept the shooting of the criminal who is about to kill a police officer or an innocent bystander than the police officer or the bystander being killed by the offender (Levy, 28). Similarly, consequentialism justifies the use of force through the argument that its use can deter the incidence of crime for the greater good of society. For instance, consequentialism is an agent-neutral term (Huigens, 944) that judges an action based on the value of a decision. For instance, if a police officer shoots a hostage taker, the police officer is essentially choosing between the life of the innocent hostage and the hostage taker. In these cases, the decision is weighed based on the value of the decision for the persons involved and the society in general. The dilemma for the police officer therefore is whether to risk the life of the hostage victim or take action and shoot the hostage taker. While negotiations in this type of situations are first used, the use of deadly force is considered as an important last resort if all things fail. As long as the police officer had exhaustive other means, then, the use of deadly force does not violate the protocols of police power a nd regulations in UK policing. Fourth, the use of deadly force is not used in the consequentialist theory sparingly but rather on the grounds that the consequence is still the best alternative. For instance, Paul Ramsey (144), a thinker who often concentrates on war issues rather backhandedly mentions the police when illustrating just war principles. Ramsey argues that the just use of political violence in warfare must include two principal elements: 1) a specific justification for sometimes killing another human being; and 2) severe and specific restrictions upon anyone who is under the hard necessity of doing so. Both are exhibited, says Ramsey (144) in the use of force proper to the domestic police power. Accordingly, police officers distinguish between aggressor, victim, and bystanders; and though an officer may hit some innocent party accidentally, it would never be right for him or her to enlarge the target and deliberately, or directly, kill any number (Ramsey, 187). Ramsey grounds this justification of such limited use of force upon what he identifies as social charity, in which the Christian, or anyone else for that matter, is called to love the neighbor by protecting him or her from the other aggressive neighbor who has chosen to become an enemy. Although Christians are called to love the enemy as well, Ramsey asserts that when choice must be made between the perpetrator of injustice and the many victims of it, the latter may and should be preferredeven if effectively to do so would require the use of armed force against some evil power (Ramsey, 143) In this way, Ramsey maintains that restraint in the use of force is still necessary in order to respect and, indeed, love the alleged perpetrator. While this is the only point at which Ramsey devotes any attention to the context of law enforcement, it is noteworthy that it is a pivotal illustration upon which he bases the rest of his work concerning the justification of war. The use of force often reflects an on-the-spot decision made by the police officer on the scene. The officer must quickly assess the situation and take proper action. So many factors may come into play that guidelines, restrictions, and laws may seem too vague to be of practical use to the officer; the use of force is thus difficult to control.(Skolnick and Fyfe, 38) Yet, with more and more precision and uniformity, most recent guidelines and laws attempt to check excessive force and provide assistance to police by admonishing them that they should use no more force than is necessary or reasonable or that such force should be used only as a last resort. In this way, they echo the language of just war thinking, with its fundamental posture of restraint. The final criterion comes under the heading of right consequences in an objective sense, which is the goal or end that is sought. This is usually justified in terms of the global common good. It ordinarily consists in bringing about a lasting peace, and also includes consideration of the enemys real best interests. In the case of police, Malloy maintains that they may use the full force available to them only when they are convinced that the common good is being served (Malloy, 14). Therefore, the most objective goal of any officer in a physical confrontation is to have an opponent cease and desist from further resistance (McLaughlin, 85 ) The test of such a stance is taking someone as prisoner or, in other words, arresting him rather than using more force than is necessary. The best interests of all, including the alleged perpetrators, are to be kept in view, thereby maintaining the overall common good of society. The use of force should be used only with the greatest restraint and only after discussion, negotiation and persuasion have been found to be inappropriate or ineffective. While the use of force is occasionally unavoidable, every police officer will refrain from unnecessary infliction of pain or suffering and will never engage in cruel, degrading or inhuman treatment of any person. Hence, the use of deadly force as a last resort by the police involves due process or procedural integrity that qualifies both ad bellum and in bello criteria. On this criterion, sufficient time should be allowed for processes of negotiation and the exercise of diplomacy. Applying this notion to the police predicament, officers should exhaust all other possible methods for controlling a conflictive situation before resorting to the more severe levels of force.(Malloy, 13) Only when all else fails should a police officer resort to a higher degree of force. Admittedly, this is an onerous call for the police officer to make in a tense situation, such as a domestic conflict. Yet, this is precisely why there is a need for clearer principles and rules, as well as prior training to clarify and instill them. Implications on Act Consequentialism and Rule Consequentialism Consequentialism contends that an act is justified if the consequence is greater than the product if the deadly force has not been committed. Police officers who usually fall into the dilemma of using deadly force can use the philosophical ground of consequentialism as a rationale or justification for their decisions. However, police officers should be cautious in doing so. First, rule consequentialism necessitates that the police officer considers not only the consequence of the action but also the regulations of the UK police force. In doing so, it is important that police officers studies the protocols governing emergency situations where the discretion of police officers is called upon to decide whether the use of deadly force is necessary or not. Cases have it that there is a very thin line separating the legitimacy or the rightness and wrongness of a police officers decision to use deadly force. Hence, police officers would need to quickly appraise the situation vis a vis the regulations of the agency. On the other hand, act consequentialism would consider that the use of deadly force is justified only if it is morally right and if the act maximizes the good. Hence, it is important that the consequence of the action would yield greater good than harm to the personsl involved. An important philosophical discussion in this would be, on what perspective would the consequence be considered as maximized? The answer would be to the society. The society is considered as the barometer of the goodness or the wrongness of an act. Considering the greatest consequence would be to consider to the fate of the society. If for instance, a police officer shoots at a person who is shooting randomly, the police officer would be more or less justified in shooting down the person in order to save his self and the innocent citizens. Second, rule consequentialism considers the use of deadly force as the last resort in dealing with emergency cases. For instance, in hostage taking, the use of negotiations and diplomacies are considered to be the primary criteria among the police officers. The use of deadly force is only considered as a last resort or when all other means have been exhausted and failed. Police agency protocols also calls for the same prioritization. On the other hand, act utilitarianism would consider the maximal impact of the act. For instance, if the act had greater value for the society, then, it is considered to be good. Consequentialism would consider that police officers are capable of fulfilling the training and the analytic requirements in order to make a morally justifiable claim or decision would be explored in the next chapter. References Kaufman, Whitley. Whats Wrong with Preventive War? the Moral and Legal Basis for the Preventive Use of Force. Ethics and International Affairs. Volume 19: Issue 3. 23-30, 2005. Yoo, John. Using Force. University of Chicago Law Review 71 (Summer 2004), pp. 729-345. Neyroud, Peter. Use of Force. Policing. Volume 1, Issue 3: 252-254, 2007. Gentili, Alberto. De Jure Belli Libri Tres (1612), trans. John C. Rolfe (Oxford: Clarendon Press, 1933), bk. I, ch. XIV. Levy, S., The Educational Equivalence of Act and Rule Utilitarianism†, in Hooker, Mason, and Miller, (eds.), pp.   27-39, 2000. Parent, Rick. The Police Use of Deadly Force: International Comparisons. Volume 79, Issue 3: 230-237, 2006. Huigens, Kyron. The Dead End of Deterrence, and Beyond. Wlliam and Mary Law Review. Volume 41, Issue 3. 943-957, 2000. Geller, W.A., and M.S. Scott. Deadly Force: What We Know. Washington, DC: Police Executive Research Forum, 1992. Kappeler, V.E., Kraska, P.B. and Marron, J.E. â€Å"Police Policing Themselves: The Processing of Excessive Force Complaints.† Paper, Academy of Criminal Justice Sciences, Boston, MA, March 1995. Ramsey, Paul. The Just War: Force and Political Responsibility 144 pages, 1968. Skolnick, J. and Fyfe, J. Above the Law: Police and Excessive Use of Force, 1993. McLaughlin, V. Police and the Use of Force: the Savannah Study, 1992. Sherman, L. Ethics in Criminal Justice Education, 1982. Malloy, E. The Ethics of Law Enforcement and Criminal Punishment, 1982.

How the Media Affects the Self Esteem and Body Image of Young Girls Ess

The misconception of what is beautiful can be detrimental to young girls. In a television industry attempt to sell goods, they are depicted as sexy. Creating a need for parents to intervene and present a more realistic and normal view of physical beauty. Today, TV presents sexually based images crafted to appeal to young girls. Unfortunately, they are led to believe that their value is only skin deep, causing flawed expectations, illusions, and wrong information about the truth of the physical body in the real world. In an attempt to look the part some have fallen victim to eating disorders, while others have exchanged childhood innocence for an Adult view of what is sexy. When girls are disheartened over their inability to look like some media idol or doll, then it is time to pay attention and ask why. Psychologist Levine and Kilbourne, emphasize a need to stay more connected, and finding out why children feel they have to compete with the images of people they see in the media (So Sexy So Soon 27). The idea of looking sexy may be fine for adults, but the notion of sexy little girls is somehow disturbing. TV is setting the agenda and succeeding as it paints the perfect girl, as tall, skinny, tan, pretty, and rich. TV commercials sell sexy because sexy sells, and is now targeting younger audiences. A preteen viewing a Bratz Dolls commercial will be prompted to visit their web site, where she will be greeted with attractive dolls dressed in sexy outfits. The dolls portray an image of teenage girls with large attractive eyes, lush glossy lips, and dressed in the latest fashion. Psychologists Lamb and Brown make the following observation â€Å"Dressing for fashion a’la Barbie or Lil’ Bratz dolls and dressing for physical ... ...ldren is the objective. All commerce works on supply and demand if consumers continue to buy into selling sexy to kids, then these negative outcomes will continue. Works Cited Crow, Scott J. et al. "Increased mortality in bulimia nervosa and other eating disorders." American Journal of Psychiatry. 166. 12. (2009): 1342+. General OneFile. Web. 25 Nov. 2010. Hibberd, James "Tuned-in kids get turned on earlier; study links adult-aimed TV to sex at younger age." Hollywood Reporter 409.35 (2009): 6+. General OneFile. Web. 4 Nov. 2010. Lamb, Sharon, Lyn Mikel Brown. Packaging Girlhood. â€Å"Rescuing Our Daughters From Marketers’ Schemes.† New York. St Martin’s Press, 2006: 303. Print. Levine, Diane E, Jean Kilbourne. So Sexy So Soon. Ballantine Books, 2009: 209. Print. "Did You Know That?" Skipping Stones. May-Aug. 2009: 29. General OneFile. Web. 4 Nov. 2010.

According to Aristotle Essay

Laertes verbose and theatrical behaviour causes the audience to dislike him. Nevertheless, unlike Hamlet he is willing to seize revenge at the first opportunity. There are many different perspectives on how Shakespeare addresses the theme of revenge in Hamlet, and also whether it is done successfully. One criticism made by Catherine Belsey, undermines Shakespeare’s approach, as she believed the â€Å"secular injustice is not resolved†. I only agree with the statement to a certain extent, because although Hamlet puts it off and Claudius’ death isn’t planned by him – he does force Claudius to drink the poison, causing his death. If the injustice did remain unresolved, which I don’t believe it did, then that would support the criticism made by T. S Eliot that ‘Hamlet as a revenge tragedy play itself, is a failure’. In my opinion this accusation cannot be sustained as aside from the long wait, Shakespeare does manage to keep revenge the core theme throughout. According to Aristotle; an effective tragic hero is a protagonist who â€Å"†¦ is able to evoke both our pity and terror and is not thoroughly good or thoroughly bad, but a mixture of both†. I think Shakespeare is therefore successful as we do pity Hamlet because he does want to kill Claudius but his orthodox Christianity and strict moral codes acts as a barrier – his tragic flaw is procrastination. We are also scared of his ‘bad’ side which is when he kills Polonius, attacks his mother and rejects Ophelia. Shakespeare uses a number of antitheses; evil vs. good, life vs. death, secular vs. religion and so on and the audience is left to decide which successes over the other. I think Shakespeare constructs Hamlet’s character so that the audience could become him, it is natural for us to question ourselves when faced with a dilemma as imperative as his. We understand his procrastination, but on the other hand his character does raise many questions that remain unresolved even by the end of the play. For example, we question whether his love for his mother and jealousy of Claudius is simply an Oedipus complex – especially as scenes in the film and stage directions of his actions are ambiguous causing us to be unsure of what he’s actually doing to her. Overall, an audience of any century, can relate to him and he becomes a believable psychologically developed character, unlike the others who seem to me to be caricatures and representatives of certain types of people. Word Count: 1,715 A website: http://people. brandeis. edu/~teuber/earlycrit. html http://www. britannica. com/eb/article-9063348/revenge-tragedy http://en. wikipedia. org/wiki/Revenge_play A book: Gill, Roma ed. , ‘Hamlet’ (Oxford School, Shakespeare), Oxford University Press, 2007.

Cat 1.Pdf

Introductory Paper 1 RECORDING FINANCIAL TRANSACTIONS (INTERNATIONAL STREAM) In this January 2008 new edition †¢ Updated for IAS 1 (revised) †¢ Do you know? Checklists to test your knowledge and understanding of topics †¢ A question and answer bank †¢ The ACCA's pilot paper as a mock exam P R A C T I C E & R E V I S I O N BPP's i-Pass product also supports this paper. K I T FOR EXAMS IN 2008 First edition 2004 Fifth edition January 2008 ISBN 9780 7517 4816 1 (previous ISBN 9780 7517 3564 2) British Library Cataloguing-in-Publication DataA catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www. bpp. com/learningmedia Printed in Great Britain by W M Print Fredrick Street Walsall WS2 9NE Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests. ii All our rights reserved. No part of this publication may be re produced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, hotocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The answers to past examination questions have been prepared by BPP Learning Media Ltd, unless where otherwise stated  © BPP Learning Media Ltd 2008 Contents Page Question index†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. v Using your BPP Practice and Revision Kit †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ vi Important information for students sitting this exam in 2008 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ix Passing CAT exams How to revise †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xiii How NOT to revise †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ iv How to PASS your exam †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xv How NOT to PASS your exam †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xvi Syllabus †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ xvii Approach to examining the Syllabus †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xxiv The Computer Based Examination†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. xxv Tackling Multiple Choice Questions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ xxvi Using your BPP products†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ xvii Questions and answers Questions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 Answers †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 37 Exam practice Practice questions and answers †¢ Questions †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 61 †¢Answers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 73 Mock exam †¢ Questions †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 81 †¢ Answers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 95 Review form & free prize draw iii QUESTION INDEX Question index Time Page number Marks llocation Mins Question Answer 16 19 5 37 9–15 14 17 7 38 16–23 16 19 8 39 24–38 30 36 9 41 39 2 2 11 43 40–44 10 12 15 44 45–49 10 12 15 44 50–54 10 12 16 45 55–62 16 19 17 46 63–68 12 14 18 47 69–74 12 14 19 48 75–79 10 12 20 49 Part A: Introduction to transaction accounting Business transactions and documentation Objective test questions 1–8 Assets, liabilities and the accounting equation Objective test questions Balance sheet and profit and loss account Objective test questions Recording, summarising and posting transactions Objective test questions Completing ledger accounts Objective test questionPart B: Recording and accounting for cash transactions Receiving and checking money Objective test questions Banking monies received Objective test questions Recording monies received Objective test questions Authorising and making payments Objective test questions Recording payments Objective test questions Maintaining petty cash records Objective test questions Bank reconciliations Objective test questions iv QUESTION INDEX Part C: Recording and accounting for credit transactions The receivables ledger Objective test questions 80–86 14 17 23 51 87–89 6 7 24 52 90–106 34 41 24 52 107–115 18 22 33 57 The payables ledgerObjective test questions Control accounts and the trial balance Objective test questions Part D: Payroll Recording payroll transactions Objective test questions Practice questions and answers Mixed bank 116–165 Mock exam Pilot paper 166–215 v QUESTION INDEX Using your BPP Practice and Revision Kit Aim of this Practice & Revision Kit To provide the practice to help you succeed in both the paper based and computer based examinations for Paper 1 Recording Financial Transactions (International). To pass the examination you need a thorough understanding in all areas covered by the syllabus and teaching guide.Recommended approach †¢ Make sure you are able to answer questions on everything specified by the syllabus and teaching guide. You cannot make any assumptions about what questions may come up on your paper. The examiners aim to discourage ‘question spotting'. In a paper that has objective test questions or a number of shorter questions, the examiner has the opportunity to test a wide area of the syllabus. Where there are long questions, a number of different issues can be brought in. And an area that has been tested in one sitting can still be tested again in the next sitting. Learning is an active process. Use the DO YOU KNOW? Checklists to test your knowledge and understanding of the topics covered in Paper 1 Recording Financial Transactions (International) by filling in the blank spaces. Then check your answers against the DID YOU KNOW? Checklists. Do not attempt any questions if you are unable to fill in any of the blanks – go back to your BPP Interactive Text and revise first. †¢ When you are revising a topic, think about the mistakes that you know that you should avoid by writing down POSSIBLE PITFALLS at the end of each DO YOU KNOW?Checklist. †¢ Once you have completed the checklists successfully, you should attempt the questions on that topic. Each section has a selection of OBJECTIVE TEST QUESTIONS and COMPULSORY WRITTEN QUESTIONS. Make good use of the HELPING HANDS provided to help you answer the questions. On questions that have been in past exam papers, we report ‘what the examiner said'. This shows you how students who sat the exam coped with the question and tells you what the pitfalls were and what the examiner was looking for. †¢ There is a mark allocation for each compulsory written question.Each mark carries with it a time allocation of 1. 2 minutes (including time for selecting and reading questions). A 15 mark question therefore should be completed in 18 minutes. For papers 6–10 each mark carries a time allocation of 1. 8 minutes. †¢ Once you have completed all of the questions in the body of this Practice & Revision Kit, you should attempt the MOCK EXAMS under examination conditions. These are the latest actual exams. Check your answers against our answers and apply the ACCA's Official marking scheme to find out how well you did.Please see the next section for important information concerning the 2008 exams. vi Important information vii viii IMPORTANT INFORMATION Important information for students sitting this exam in 2008 IAS 1 was revised in September 2007. This mainly affects terminology used in financial statements. This does not really affect CAT Paper 1 International apart from the ‘balance sheet’ may be called the ‘statement of financial position’. In this kit, we have shown both terms. Your examiner may use either. ix IM PORTANT INFORMATION x Passing CAT exams xi xii PASSING CAT EXAMS How to revise Plan your revisionAt the start of your revision period, you should draw up a timetable to plan how long you will spend on each subject and how you will revise each area. You need to consider the total time you have available and also the time that will be required to revise for other exams you’re taking. Practise Practise Practise The more questions you do, the more likely you are to pass the exam. Practising questions will mean that you’ll get used to the time pressure of the exam. When the time is up, you should note where you’ve got to and see how many questions you have completed. Revise enoughMake sure that your revision covers the breadth of the syllabus, as any topic an come up. However it is true that some topics are key – they are an important part of the syllabus or are a particular interest of the examiner – and you need to spend sufficient time revising these . Deal with your difficulties Difficult areas are topics you find dull and pointless, or subjects that you found problematic when you were studying them. You mustn’t become negative about these topics; instead you should build up your knowledge by reading the Passcards and using the Quick quiz questions in the Study Text to test yourself.When practising questions in the Kit, go back to the Text if you’re struggling. Learn from your mistakes Having completed a question you must try to look at your answer critically. As you go through the Kit, it’s worth noting any traps you’ve fallen into and referring to these notes in the days before the exam. Aim to learn at least one new point from each question you attempt. Complete the mock exam You should attempt the Mock exam at the end of the Kit under strict exam conditions, to gain experience of managing your time and producing answers. xiii PASSING CAT EXAMSHow NOT to revise Revise selectively Examiners are wel l aware that some students try to forecast the contents of exams, and only revise those areas that they think will be examined. In CBA questions come up in a random fashion and you cannot predict what will come up. Spend all the revision period reading You cannot pass the exam just by learning the contents of Passcards, Course Notes or Study Texts. You have to develop your application skills by practising questions. Audit the answers This means reading the answers and guidance without having attempted the questions.Auditing the answers gives you false reassurance that you would have tackled the questions in the best way and made the points that our answers do. The feedback we give in our answers will mean more to you if you’ve attempted the questions and thought through the issues. Get bogged down Don’t spend a lot of time worrying about all the minute detail of certain topic areas, and leave yourself insufficient time to cover the rest of the syllabus. Remember that a key skill in the exam is the ability to concentrate on what’s important and this applies to your revision as well.Overdo studying Studying for too long without interruption will mean your studying becomes less effective. A five minute break each hour will help. You should also make sure that you are leading a healthy lifestyle (proper meals, good sleep and some times when you’re not studying). xiv PASSING CAT EXAMS How to PASS your exam Prepare for the day Make sure you set at least one alarm (or get an alarm call), and allow plenty of time to get to the exam hall. You should have your route planned in advance and should listen on the radio for potential travel problems.You should check the night before to see that you have pens, pencils, erasers, watch, calculator with spare batteries, also exam documentation and evidence of identity. Plan your time You need to make sure that you will be answering the correct number of questions, and that you spend the right length o f time on each question – this will be determined by the number of marks available. Papers 1–5 are 2 hour papers, so each mark carries a time allocation of 1. 2 minutes. This means that a 2-mark question should be completed in 2. 4 minutes. Read the questions carefullyTo score well, you must follow the requirements of the question, understanding what aspects of the subject area are being covered, and the tasks you will have to carry out. Stay until the end of the exam Use any spare time to check and recheck your script. This includes checking you have filled out the candidate details correctly, you have labelled question parts and workings clearly, you have used headers and underlining effectively and spelling, grammar and arithmetic are correct. xv PASSING CAT EXAMS How NOT to Pass your exam Don’t do enough questions If you don’t attempt sufficient questions on the paper, you are making it arder for yourself to pass the exam on the questions that you do attempt. Failing to attempt all of the paper is symptomatic of poor time management. Rush through the questions without thinking about them properly If you don't understand a question, read it again before you start guessing. Get bogged down Each question is only worth 2 marks. If you really can't do it, move on. xvi PASSING CAT EXAMS Syllabus xvii PASSING CAT EXAMS xviii PASSING CAT EXAMS xix PASSING CAT EXAMS xx PASSING CAT EXAMS xxi PASSING CAT EXAMS xxii PASSING CAT EXAMS xxiii PASSING CAT EXAMS Approach to examining the SyllabusPaper 1 is a two-hour paper. It can be taken as a written paper or a computer based examination. The questions are objective test questions – multiple choice, number entry and multiple response. (See page xxv for frequently asked questions about computer based examinations. ) The exam is structured as follows: 50 multiple choice questions = 100 marks xxiv PASSING CAT EXAMS The Computer Based Examination The ACCA has introduced a computer based exa mination (CBE) for CAT Papers 1–4 (in addition to the conventional paper based examination). Computer based examinations must be taken at an ACCA CBE Licensed Centre.How does CBE work? †¢ Questions are displayed on a monitor †¢ Candidates enter their answer directly onto the computer †¢ Candidates have two hours to complete the examination †¢ When the candidate has completed their examination, the computer automatically marks the file containing the candidate's answers †¢ Candidates are provided with a certificate showing their results before leaving the examination room †¢ The CBE Licensed Centre uploads the results to the ACCA (as proof of the candidate's performance) within 48 hours Benefits †¢ Flexibility as a CBE can be sat at any time †¢Resits can also be taken at any time and there is no restriction on the number of times a candidate can sit a CBE †¢ Instant feedback as the computer displays the results at the end of the CBE †¢ Results are notified to ACCA within 48 hours †¢ Extended closing date periods (see ACCA website for further information) CBE question types †¢ Multiple choice – choose one answer from four options †¢ Multiple response 1 – select more than one response by clicking the appropriate tick boxes †¢ Multiple response 2 – select a response to a number of related part questions by choosing one option from a number of drop down menus Number entry – key in a numerical response to a question CAT CBE You will have two hours in which to answer a number of questions, which are worth a total of 100 marks. See the ACCA website for a demonstration and up to date information (www. acca. org. uk/colleges/cbe_demo). xxv PASSING CAT EXAMS Tackling Multiple Choice Questions MCQs feature in both the paper and computer-based papers. The MCQs in your exam contain four possible answers. You have to choose the option that best answers the question. The t hree incorrect options are called distracters. There is a skill in answering MCQs quickly and correctly.By practising MCQs you can develop this skill, giving you a better chance of passing the exam. You may wish to follow the approach outlined below, or you may prefer to adapt it. Step 1 Skim read all the MCQs and identify what appear to be the easier questions. Step 2 Attempt each question – starting with the easier questions identified in Step 1. Read the question thoroughly. You may prefer to work out the answer before looking at the options, or you may prefer to look at the options at the beginning. Adopt the method that works best for you. Step 3 Read the four options and see if one matches your own answer.Be careful with numerical questions as the distracters are designed to match answers that incorporate common errors. Check that your calculation is correct. Have you followed the requirement exactly? Have you included every stage of the calculation? Step 4 You may find that none of the options matches your answer. †¢ †¢ †¢ Re-read the question to ensure that you understand it and are answering the requirement Eliminate any obviously wrong answers Consider which of the remaining answers is the most likely to be correct and select the option Step 5 If you are still unsure make a note and continue to the next questionStep 6 Revisit unanswered questions. When you come back to a question after a break you often find you are able to answer it correctly straight away. If you are still unsure have a guess. You are not penalised for incorrect answers, so never leave a question unanswered! After extensive practice and revision of MCQs, you may find that you recognise a question when you sit the exam. Be aware that the detail and/or requirement may be different. If the question seems familiar read the requirement and options carefully – do not assume that it is identical. xxvi PASSING CAT EXAMS Using your BPP productsThis Kit gives you the question practice and guidance you need in the exam. Our other products can also help you pass: †¢ Learning to Learn Accountancy gives further valuable advice on revision †¢ Passcards provide you with clear topic summaries and exam tips †¢ Success CDs help you revise on the move †¢ i-Pass CDs offer tests of knowledge against the clock †¢ Learn Online is an e-learning resource delivered via the Internet, offering comprehensive tutor support and featuring areas such as study, practice, email service, revision and useful resources You can purchase these products by visiting www. bpp. om/mybpp. Visit our website www. bpp. com/acca/learnonline to sample aspects of Learn Online free of charge. xxvii PASSING CAT EXAMS xxviii Question bank 1 2 QUESTION BANK DO YOU KNOW? – INTRODUCTION TO TRANSACTION ACCOUNTING Check that you can fill in the blanks in the statements below before you attempt any questions. If in doubt, you should go back to your BPP Intera ctive Text and revise first. †¢ †¢ †¢ Whenever property changes hands there has been a †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. . Business transactions are subject to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦law. A cash transaction is one where the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. . †¢A credit transaction is †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦ . †¢ †¢ Transactions with consumers are subject to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦.. legislation. †¢ The purpose of the accounting system is to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. , †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. and †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ the information contained in the documentation generated by transactions. A discount is a reduction in the price of goods below the amount at which those goods would normally be sold to other customers of the supplier. – – †¢ A †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. is a reduction in the amount of money demanded from a customer. A †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ is an optional reduction in the amount of money payable by a customer. Many business transactions involve sales tax. – †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ is sales tax charged on goods and services sold by a business. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. is sales tax paid on goods and services bought in by a business. TRY QUESTIONS 1 TO 8 †¢ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ is the excess of income over expenditure. When expenditure exceeds income, the business is running at a †¦Ã¢â‚¬ ¦. . †¢ †¢ A business must always be treated as a separate entity from its owners when preparing accounts. The accounting equation is that the assets and liabilities of a business must always be †¦Ã¢â‚¬ ¦. . – †¢ Assets = (Capital introduced + retained profits – drawings) + liabilities Double entry bookkeeping reflects the fact that for every debit, there is an equal †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Therefore the total value of debit entries will always be equal to the total value of credit entries. TRY QUESTIONS 9 TO 15 †¢ A †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. is a statement of the assets, liabilities and capital of a business at a given point in time. – – – †¢ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦are for use within a business. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ are used to generate cash. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ are payables of the business, payable within a year. An income statement is a statement which matches †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ with the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . TRY QUESTIONS 16 TO 23 †¢ Books of †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ are used to keep records of †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . Examples include the sales day book, the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. day book and the cash book. †¢ †¢ †¢ Entries are †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. rom the day books to the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ledger. Accounting packages can update ledgers simultaneously if the ledgers are†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . Customer and supplier information which is stored may be subject to †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. legislation. TRY QUESTIONS 24 TO 39 †¢ Possible pitfalls Write down the mistakes you know you should avoid. 3 QUESTION BANK DID YOU KNOW? – INTRODUCTION TO TRANSACTION ACCOUNTING Could you fill in the blanks? The answers are in bold. Use this page for revision purposes as you approach the exam. †¢ †¢ †¢ Whenever property changes hands there has been a business transaction. Business transactions are subject to contract law.A cash transaction is one where the buyer pays cash to the seller at the time the goods or services are transferred. †¢ †¢ †¢ A credit transaction is a sale or purchase which occurs some time earlier than cash is received or paid. †¢ A discount is a reduction in the price of goods below the amount at which those goods would normally be sold to other customers of the supplier. Transactions with consumers are subject to sale of goods legislation. The purpose of the accounting system is to record, summarise and present the information contained in the documentation generated by transactions. – – †¢A trade discount is a reduction in the amount of money demanded from a customer. A cash discount is an optional reduction in the amount of money payable by a customer. Many business transactions involve sales tax. – – Output tax is sales tax charged on goods and services sold by a business. Input tax is sales tax paid on goods and services bought in by a business. TRY QUESTIONS 1 TO 8 †¢ Profit is the excess of income over expenditure. When expenditure exceeds income, the business is running at a loss. †¢ †¢ A business must always be treated as a separate entity from its owners when preparing accounts.The accounting equation is that the assets and liabilities of a business must always be equal. – †¢ Assets = (Capital introduced + retained profits – drawings) + liabilities Double entry bookkeeping reflects the fact that for every debit, there is an equal credit. Therefore the total value of debit entries will always be equal to the total value of credit entries. TRY Q UESTIONS 9 TO 15 †¢ A statement of financial position (balance sheet) is a statement of the assets, liabilities and capital of a business at a given point in time. – – – †¢ Non-current assets are for use within a business.Current assets are used to generate cash. Current liabilities are payables of the business, payable within a year. An income statement is a statement which matches revenue with the costs of earning it. TRY QUESTIONS 16 TO 23 †¢ Books of prime entry are used to keep records of source documents. Examples include the sales day book, the purchase day book and the cash book. †¢ †¢ †¢ Entries are posted from the day books to the nominal ledger. Accounting packages can update ledgers simultaneously if the ledgers are integrated. Customer and supplier information which is stored may be subject to data protection legislation.TRY QUESTIONS 24 TO 39 †¢ Possible pitfalls – – – – 4 Confusing cas h and credit transactions Confusing trade and cash (or settlement) discounts Ignoring sales tax in double entry bookkeeping Not being able to distinguish between non-current and current assets QUESTION BANK 1 Which of the following correctly describes the function of a credit sales invoice which a customer has received from a supplier? A B C D It is a receipt for money paid. It is a demand for immediate payment by the supplier. It is a record of goods purchased by the customer. It is a demand for payment within an agreed time from the supplier.Approaching the answer Use this answer plan to construct your answer if you are stuck. Step 1 If you have never done a Multiple Choice Question (MCQ) before, do not panic! The chances are that you will have done something similar in a magazine quiz or seen a television quiz programme in the same format (eg Who wants to be a millionaire). The principal is the same for these MCQs. You are given four possible answers, one is correct and the other three are wrong (distracters). Step 2 Step 3 Step 4 Step 5 Read the question and work out what is required. Try not to read the possible answers at this stage.Re-read the question and decide on your own answer. Read the four options and see if one matches your own answer. If yes, then select that option. If none of the options matches (or is close to) your answer, adopt the following method. – – Exclude the obvious wrong answers – Step 6 Re-read the question to ensure that you understand it and are answering the correct requirement Consider which of the remaining answers is the most likely to be correct If you are still in doubt, remember that you will not be penalised for a wrong answer in the exam. You just will not get any marks for a wrong answer.Therefore, if you really do not know, a guess is better than leaving out a question. However, if you are guessing, do not think that as the last few answers have been (a), (b) and (c) that the answer must be (d)! T he examiner may well have decided that the correct answer to every question is (a). Notes (a) In this kit, if you find that you are guessing the answers to most of the questions, then you need to go back to your Interactive Text and revise. (b) In the exam, you could leave any questions that you are having trouble with and do all the questions that you can answer fairly easily.You should then have time at the end to go back and deal with the problem questions. Remember that you have 2. 4 minutes per question. If you spend 2 minutes on each question, this will leave you 20 minutes at the end to go back over troublesome questions. 2 Which of the following correctly describes the function of a credit note issued by a supplier to one of its customers? A B C D A demand for payment. An agreed allowance which can be deducted from the next invoice payment. A loan available to the customer. A document used by the supplier to cancel part or all of a previously issued invoice. 5 QUESTION BANK 3Which of the following correctly describes the term ‘debit note'? A B C D 4 It is issued by a supplier to a customer to demand payment in full for goods supplied. It is issued by a customer to a supplier to request a credit note. It is issued by a customer when goods are delivered. It is issued by a customer to a supplier to cancel an invoice received. Which of the following correctly explains the term ‘trade discount'? A B A price reduction which a supplier agrees with all customers in a particular trade. C A price reduction which a supplier agrees with an individual customer after an invoice has been sent at full price.D 5 A reduction in the amount of an invoice which a customer will pay. A reduction in the invoice price by a supplier because of the nature of the business with an individual customer. Which of the following best explains sales tax? A B A tax levied on the sale of goods and services which is administered and collected by the government. C A tax levied o n the sale of goods and services which is administered by the government. D 6 A tax on business profits. A tax levied on the sale of goods and services which all businesses must pay. The term ‘tax point' in connection with sales tax signifies?A B C D 7 The date on which a transaction took place for sales tax purposes. The location of a sales tax registered business. Entering into a sale transaction which is subject to sales tax with a customer. The suppliers address quoted on a tax invoice. What is the main purpose of an accounting system in a business? A B To calculate the tax payable by a business. C To record, summarise and present information from documentation generated by business transactions. D 8 To generate the business accounts. To enable the owner to know if the business is trading profitably.X Co purchases goods with a list price of $100,000 subject to a 5% trade discount. X Co is allowed 2? % cash discount for payment within 30 days from invoice date. Assuming the discount is taken, how much will X pay? (Ignore sales tax). A B C D 6 $92,625 $102,375 $97,500 $95,000 QUESTION BANK 9 Which of the following best explains the term ‘current asset'? A B C D 10 X starts a business with $50,000 cash, buying inventory $10,000 from cash and paying business expenses of $1,000. Inventory is purchased on credit for $5,000. Following these transactions, what is the capital of X's business?A B C D 11 Credit entries record increases in capital or liabilities. Credit entries record decreases in assets. Credit entries record increases in profits. Credit entries record increase in expenses. Which of the following correctly records the repayment of a loan of $10,000 plus outstanding interest $500? A B C D 15 It records an increase in assets. It records a business expense. It records an increase in the liabilities of a business. It records a decrease in the liabilities of a business. Which of the following statements concerning a credit entry is incorrect? A B C D 14Assets decrease, liabilities increase. Capital decreases, liabilities increase. Capital increases, liabilities decrease. Assets decrease, capital decreases. Which of the following statements concerning a debit entry is incorrect? A B C D 13 $39,000 $49,000 $50,000 $54,000 A business receives an accountant's bill for $500. Which of the following statements correctly shows the effect upon the accounting equation of the business, assuming the bill is unpaid? A B C D 12 An asset currently in use by a business. Something a business has or uses, which is likely to be held only for a short time.An amount owed to somebody else which is due for repayment soon. Money which the business currently has in its bank account. Assets – $10,500, capital – $10,500 Assets + $10,500, Liabilities + $10,500 Assets – $10,500, Liabilities – $10,000, Expenses + $500 Assets – $10,500, Liabilities – $10,500 A trade receivable is? A A person owing money to the business in return for goods supplied. B A person to whom the business owes money in return for goods supplied. C A person to whom the business owes money which was lent to finance the trading operations of the business. DA person who has purchased goods from the business. 7 QUESTION BANK 16 Which of the following is an example of an item of revenue expenditure? A B C D 17 A business makes cash sales of $5,000 and credit sales of $3,000 in a month. All the inventory purchased at a cost of $4,000 was sold, business expenses amounting to $500 were paid and the proprietor took out $300 for living expenses. $600 was owing in respect of the inventory purchased and sold. What was the net profit in the month? A B C D 18 Sales less expenses. Net profit less expenses. Sales less purchase cost (or production cost) of goods sold.Sales less overheads. Which of the following is not an example of an administration overhead? A B C D 22 A bank overdraft. Capital. Goodwill. A loan from a director o f the company repayable in two years' time. The gross profit of a retail/manufacturing business is? A B C D 21 Debit machinery $550, credit cash $550. Debit cash $550, credit machinery $550. Debit machinery $500, credit cash $550, debit insurance $50. Debit cash $550, credit machinery $500, credit insurance $50. Which of the following is a current liability? A B C D 20 $4,100 $3,500 $3,200 $500A business buys a machine for $500 (cash) and pays machinery insurance $50 (cash). Which of the following shows the correct double entry for this transaction? A B C D 19 Insurance of goods in transit to customers. Import duties charged on a new non-current asset for the business. Wages of employees installing a new non-current asset into the business premises. A new delivery van. Carriage inwards on purchases. Postage. Depreciation of the office computers. The accountant's salary. Where do drawings appear in the income statement and statement of financial position (balance sheet)?A B They do n ot appear in the income statement, they are deducted from owner's capital on the statement of financial position (balance sheet). C They do not appear in the statement of financial position (balance sheet) or income statement as they do not represent a business related item. D 8 They do not appear in the statement of financial position (balance sheet), they are an expense in the income statement. They do not appear in the income statement and are added to owner's capital on the statement of financial position (balance sheet). QUESTION BANK 23Why is it important that a business distinguishes between current and non-current liabilities in its statement of financial position (balance sheet)? A B So that users of the financial statements can assess the ability of the business to continue as a going concern. C So that users of the financial statements can assess the level of business debt due for repayment within a fairly short time. D 24 So the owners know how much is owed by the busine ss at all times. So that users of the financial statements can assess the solvency of the business. Which of the following statements is correct? A BPurchase invoices are recorded in the purchase daybook and are summarised and posted to the payables ledger. C Cash received is recorded in the cash book and posted to the journal. D 25 Sales invoices are recorded in the sales returns daybook and are summarised and posted to the receivables ledger. Adjustments to the financial accounts are recorded in the cash book and summarised and posted to the nominal ledger. Which of the following is an example of a prime record not prepared by the business? A B C D 26 The cash book. The bank statement. The sales day book. The purchase returns day book.Y Co keeps a receivables ledger control account as part of its accounting system. Invoices totalling $5,000 are raised in March and customers pay cash $3,000 for invoices having face values of $3,100 (discount $100). Which of the following entries co rrectly record these transactions? A B Debit receivables ledger control $5,000, credit sales $5,000, debit cash $3,000, credit receivables ledger control $3,100, debit discount allowed $100. C Debit sales $5,000, credit receivables ledger control $5,000, debit cash $3,000, debit discount allowed $100, credit receivables ledger control $3,100. D 7 Debit receivables ledger control $5,000, credit sales $5,000, debit cash $3,000, credit discount allowed $100, credit receivables ledger control $3,000. Debit receivables ledger control $5,000, credit sales $5,000, debit cash $3,000, credit receivables ledger control $3,000. In the receivables ledger of X Co, the account of Y Co has a credit balance of $5,000. Which of the following is a plausible explanation for this? A B C D Y Co has been sent an invoice for $5,000. Y Co has supplied goods to X Co and these have been correctly recorded by X Co. Y Co has paid X Co $5,000 twice in error.Y Co has an overdue balance of $5,000 owing to X Co. 9 QUESTION BANK 28 Which of the following statements concerning the receivables ledger control account is incorrect? A B It makes the detection of errors easier. C It helps to reduce the chance of a fraud in relation to transactions between the business and its customers. D 29 It helps to ensure that all transactions with customers have been correctly recorded. It ensures that errors cannot occur in relation to transactions between the business and its customers. A sales tax registered business sells goods $1,200 plus $210 sales tax and purchases goods costing $200 plus sales tax $35.Assuming these are the only transactions in the sales tax period and that input tax is fully recoverable, how much sales tax is due/payable to/from the government? A B C D 30 Payable $175. Recoverable $175. Payable $210. Payable $245. Which of the following statements is correct? A B A machine is purchased for $200 plus sales tax $35. The machinery account is debited with $200 and the sales tax account d ebited with $35. The sales tax is irrecoverable. C If the sales tax account has a debit balance at the end of the sales tax quarter, the balance is recoverable from the government. D 31Output tax charged to a customer is debited to the sales tax account. The sales figure in the income statement of a sales tax registered business includes sales tax. Accounts are classified according to the nature of the transactions which are recorded in them. Which of the following classifications is incorrect? A B C D 32 Which of the following statements best explains the term ‘memorandum account'? A B C D 33 One used for the correction of errors. One use to record transactions between the business and its proprietor(s). An account used to record information, which does not form part of the double entry system.An account used to summarise transactions before they are posted to the ledgers. A machine (cost $5,000) is bought on credit from X. Subsequently, $1,000 of the debt to X is paid by che que. Which of the following correctly records the transactions? A B C D 10 Insurance is recorded in a nominal ledger account. Rents received are recorded in a nominal ledger account. Sales transactions with individual customers are recorded in a personal ledger. Control accounts are kept in the personal ledgers. Debit X $5,000, credit machine $5,000. Debit bank $1,000, credit X $1,000. Debit X $5,000, credit machine $5,000.Debit X $1,000, credit bank $1,000. Debit machine $5,000, credit X $5,000. Debit bank $1,000, credit X $1,000. Debit machine $5,000, credit X $5,000. Debit X $1,000, credit bank $1,000. QUESTION BANK 34 The total of a discounts allowed column in a cash book is? (assume a control account is kept) A B C D 35 A firm keeps an analysed cash book containing discount received and allowed columns. At the end of an accounting period discounts received totalled $525 and discounts allowed $326. Which of the following correctly shows the treatment of these totals? A B C D 36 Sales returns day book.Nominal ledger. Sales day book. Purchase returns day book. Which of the following should appear on the credit side of a suppliers account in the payables ledger? A B C D 39 Sales returns day book. The journal. The cash book. The purchase returns day book. Credit notes sent out are recorded in which prime entry record? A B C D 38 Debit discount received $525, credit discount allowed $326. Debit discount allowed $525, credit discount received $326. Credit discount received $199. Debit discount allowed $326, credit discount received $525. Returns outwards are recorded in which prime entry record?A B C D 37 Credited to discounts allowed and debited to sales. Debited to sales and credited to cash. Debited to discount allowed and credited to receivables ledger control account. Debited to cash and credited to sales. Payments made. Discounts allowed. Discounts received. Purchase invoices received. The following entries appear in a cash account in March; payments by cu stomers $15,000, rents received $250, insurance paid $150, drawings $700, capital paid in $2,000. The balance at 1st March was $2,000 (in hand) what was the closing balance at 31st March? A B C D $14,400 $18,400 $15,800 $10,400

How to Bring Clarity to Business Writing

How to Bring Clarity to Business Writing Clarity in business writing allows your ideas to be easily understood, free of add-on words that make a sentence murky and convoluted. There are several rhetorical strategies to achieve clarity, but here are three techniques that best sweep away the bloat to let your ideas shine. Business Writing Clarity Strategy #1: Unsmother Your Verbs Focus on verbs.They are the action of a sentence, and the best opportunity to enhance clarity. Imagine watching a Bruce Willis movie that shows Bruce napping or knitting or whittling on a park bench for 90 minutes... Bored yet? So too are readers if your writing has little action or wimpy verbs. Unsmother your verbs. Smothered verbs are so common in business writing that they feel correct when you use them. However, a smothered verb adds nothing but bloat and the tone feels both timid and boring to a reader. This article will explain smothered verbs in detail. You will cut at least 25% of unnecessary words by simply unsmothering verbs. Let the verb do its job in a sentence without smothering add-on words. The impact on business writing clarity is amazing. Business Writing Clarity Strategy #2: Avoid Adverbs Choose powerful verbs that connote meaning, which don't need a second modifying word to do their job! For instance: "The attendant shouted loudly." "The attendant shouted," is a perfect sentence. "Loudly" is inferred and extraneous. "The executive ran quickly into the boardroom." "Ran quickly" is wasteful. Pick a better verb. "The executive sprinted into the boardroom" is concise, visual, and lively. Business Writing Clarity Strategy #3: Recognize the Power of Short Words. Years back, some business writers felt they conveyed their intelligence more by dropping long words, when short words actually worked better. Rhetorically, this has never been good writing. Long words don’t make you sound intelligent unless used very skillfully and judiciously. In the wrong situation they’ll have the opposite effect, making you sound pretentious and arrogant. They’re also less likely to be understood and more awkward to read. I've always loved Hemingway's response when Faulkner criticized him for his limited word choice: Poor Faulkner. Does he really think big emotions come from big words? He thinks I don’t know the ten-dollar words. I know them all right. But there are older and simpler and better words, and those are the ones I use. Example: Fine, but can be improved: It has never been a good writing practice to use big words indiscriminately. Better: It has never been a good writing practice to use big words needlessly. ("Needlessly" is shorter and simpler than "indiscriminately.") Best: It has never been a good writing practice to bloat with big words. (More powerful verb "bloat" instead of vague verb "use" eliminates the need for modifying adverb "needlessly.") Remember this maxim:Write to express, not to impress. Good business writers use short words well. Richard Lederer sings the praises of the short word to enhance clarity in his book, The Miracle of Language: Here is a sound rule: Use small, old words where you can. If a long word says just what you want to say, do not fear to use it. But know that our tongue is rich in crisp, brisk, swift, short words. Make them the spine and the heart of what you speak and write. Short words are like fast friends. They will not let you down. Read more about the power ofshort words. A clear business report allows an executive to easily understand a recommendation. A clearbusiness email allows all the readers to quickly understand. A proposal that clearly expresses your value wins the sale. Apply these clarity principles, and we're all able to understand each other better. Enjoy this article? Subscribe to this blog.

What your dreams are telling you essays

What your dreams are telling you essays Do you know what your dreams are telling you? If your answer was NO youre not alone. Many people have no idea what their dreams are trying to tell them. In this research paper I will answer this question and many other questions about dreams, sleep and also types of dreams. I will also talk about some of the most common or popular dreams and their meanings. We will explore some dream theories and interpretations of dreams. I have also done my own at hand research which I will be sharing with you the reader in this paper. I wish to take you through the dreaming process step by step, but in order for dreams to begin we must first sleep. So that is where Ill begin, with the sleep process. All dreaming starts with sleep. When we sleep there are four stages that we go through (Carskadon 4). Stage one is the lightest phase of sleep. In stage one sleep there is often visual imagery involved. Images appear in the form of wandering or dream like thought which can be controlled unlike a full dream state. In this stage of sleep someone can be awakened by low volume sounds or slight touch. Stage one sleep happens through-out the night. It often reappears as a transitional state of sleep following arousal during the night. When stage one does reappear during sleep it only last thirty seconds to one minute (Carskadon 5-6). Young adults spend ten to fifteen minutes a night in stage one sleep (Carskadon 6). Sometimes during sleep you feel your body jerk or twitch, that is called Hypnic Jerks. This usually happens right before stage two sleep occurs (Carskadon 6). Stage two sleep may have some of the slower eye movement of stage one but in general stage two sleep is free of any eye movement. Another feature of stage two is arousal. Since stage two is a deeper sleep than stage one it will take more arousal to awaken a person from this stage of sleep. The transition from stage two sleep to stage three occurs wit...

Business Information Systems Design and Implementation

In the provided case scenario, it is observed that the management of August Online Technology has intended to conduct a financial analysis for the next eight years based on its i e, expenses and tax among others. There are several indicators to evaluate the future potential of the pany among which the ou e of net i e after tax can clearly depict the possible profitability in the near future. Analyzing the overall financial performance is the most essential practice that enables the pany to not only recognizes its own capability but also helps to pare its financial position with other rival panies as well as the external market requirements (Waghmode & Sawant, 2014). Goal seek analysis is considered to be the most essential practice through which the pany can have knowledge regarding the possible practices as per its financial abilities (Waghmode & Sawant, 2014). The following pictorial illustration (Figure 1) clearly depicts that the sales of the pany is expected to increase within the next eight years with the support of the product X. The annual revenue of the pany in the initial year is around $50,373,252, which is expected to increase up to $77,498,088 as shown in the below mentioned diagram. The estimated sales have been calculated based on the total unit sold in the previous years and average sales growth rate prises of $235,411 and 3.25%. The provided scenario describes that the pany has increased the overall sales every year as well as the price of the products are also increased by 3%. Thus, based on these elements, the sales of the next years have been calculated accordingly, which is found to be steadily increasing thereby representin g higher profitability for the pany. Considering the goal-seek analysis, there are certain elements on which the sales growth rate largely depends such as annual price growth, annual sales growth and the previous year’s sales. Now, in case the average of the annual sales growth rate gets decreased, the revenue or annual sales will also be reduced. For instance, in the Year 6 and Year 7 the pany failed to perform due to which the sale growth rate b e -2% and -3%. Therefore, the overall sales of the pany for Year 7 and Year 8 will be reduced from the estimated figure. The stated fact can be elaborated with the help of the following diagram (Figure 2), wherein it is clearly represented that the sales of Year 7 and Year 8 has been reduced due to the changes made in the average growth rate. Thus, based on the understanding obtained from the goal seek analysis, it can be r mended that the pany must require the maintainenance of its estimated growth rate as the minimum point to attain the target sales within the particular period. However, from the diagram (Figure 2), it has also been apparent that after reducing the average growth rate and price increase rate for two years, the pany sales still continues to increase in the Year 7, which reduces in the last year. From this instance, it can be assumed that the pany has high potential in the near future, as it has the capability to face financial loss without slowing down the sales growth. Based on the financial performance of the pany, it has been apparent that the pany can develop its revenue along with higher profitability even in this petitive market (Fridson & Alvarez, 2011). The following pictorial illustration (Figure 3) represents the overall financial projection value of the pany, which has steadily been increased with time and at the end of eight years the pany is expected to earn approximately $23,171,928. Concerning the expenses, advertising the product as shown in the above diagram (Figure 3), cost of web services, maintenance of the production or operation, rent of the corporate space, salaries to the involved workers, cost related to shipping the products to the end users and supply chain expenses are the estimated elements based on which the total expenses has been calculated. All the expenses apart from maintenance are calculated through particular percentages, which have been elaborated below: The net i e of the pany has been calculated based on all these expenses and the overall expected sales or the product during this particular period. The following diagram (Figure 4) depicts the projected net i e that the pany can attain from the product X, which has steadily been increased by the end of the Year 8. Thus, it is apparent that the pany can largely concentrate on maintaining the growth rate with the support of developed strategies and well-managed workforce, which will eventually help to provide the estimated ou e at the end of the period. Apart from this, it is also worth mentioning that the pany can easily enhance the target arena as it has higher financial capability, and can support to bear the possible loss due to new entrants (Fridson & Alvarez, 2011).   The August Online Technology has aimed to enhance the revenue for the product X with the support of new market trends such as internet. Based on the projected financial analysis, it can be stated that the pany has high potential in future, as the net i e is estimated to increase steadily over the period of time. Therefore, the pany can concentrate on enhancing the sales volume of the product by investing in marketing. In this regard, it is worth mentioning that online marketing has b e a huge medium for organizations in the present context, wherein through a particular platform the marketers can target the entire global arena (Fang & Zhou, 2012). The August Online Technology can also utilize the internet source to market the product X, which will help to make the huge numbers of customers aware of the product, thereby enhancing the overall sales volume. Nowadays, every age group of people prefers to use online sources for obtaining information regarding the products in terms of reviews and customers’ feedback. Therefore, with the support of the web designer or developer, the pany can create an online platform for placing the product in front of the target population. There are several services provided by the panies through online forum in the current market to retain the potential customers (Yannopoulos, 2011). However, parallel to creating a website, the August Online Technology also needs to maintain transparent munication with the customers. The pany can develop the website in such a manner through which the customers can provide their feedback or share their experience with the product. This can on one hand help the pany to improve the product quality, while on the other hand the customers can also get attracted due to this facility as they are also valued by the management in the decision making. On the other hand, web publishing is also considered to be another suitable activity to attract customers in this world of immense petition. Internet has b e a huge part of the daily life schedule of the individuals for which the marketers has also initiated to portray all the required information on the social media website (Fang & Zhou, 2012). Taking the reference from the stated fact, August Online Technology can also utilize web publishing as their promotional tool, wherein it will publish all the promotional activities through the pany website as well as other social media websites to make the customers aware regarding their new policies or offers. Security threat has b e the most crucial aspect, which is continuously increasing across the globe and has caused a serious concern for panies to ensure product privacy to the customers (Alabady, 2009). There are numerous threats in security risks or network attacks among which hacking majorly affects the privacy maintenance. Since the pany will be maintaining an online platform, it has huge security risks in terms of hacking. Due to the process of hacking, it is possible that the hackers will extract the required information from the pany website or the pany will not be able to control the website. Apart from this, other security risks include snooping and eavesdropping, which are regarded as the threat to accessing the pany secure data by any unauthorized person without the consent of the pany management (Padmavathi & Shanmugapriya, 2009). While developing online forum or maintaining the platform, August Online Technology needs to concentrate on such aspects to avoid network attack s and ensure security of products to the customers.   Alabady, S 2009, â€Å"Design and implementation of a network security model for cooperative network†, International Arab Journal of e-Technology, vol. 1, no. 2, pp. 26-36. Fang, X. & Zhou, Y 2012, â€Å"Internet-future business development focus†, American Journal of Industrial and Business Management, vol. 2, pp. 85-88. Fridson, M. S. & Alvarez F 2011, Financial statement analysis: A practitioner's guide, John Wiley & Sons, United States. Padmavathi, D.G. & Shanmugapriya, M 2009, â€Å"A survey of attacks, security mechanisms and challenges in wireless sensor networks†, International Journal of puter Science and Information Security, vol. 4, no. 2, pp. 1-9. Waghmode, M. L. & Sawant, S. B 2014, â€Å"International journal of advance research in puter science and management studies†, International Journal, vol. 2, no. 3, pp. 419-423. Yannopoulos, P 2011, â€Å"Impact of the internet on marketing strategy formulation†, International Journal of Business and Social Science, vol. 2, no. 18, pp. 1-7. Getting academic assistance from

Property Market Analysis Essay Example | Topics and Well Written Essays - 1500 words

Property Market Analysis - Essay Example Taking this into consideration, property market is evolving into various distinct fields. Various specialists usually have the responsibility of valuating property market as well as facilitating transactions involved in buying and selling in the property market. Some of the most common types of property market businesses include appraisal, development, net leasing, property management, real estate marketing, real estate investing, relocation services and corporate real estate among other businesses (Abdul 2002). In every field of property market, businesses usually specialize in certain types of property market. These include residential, commercial and industrial property (Abdul 2002). Moreover, most of the construction businesses usually have a significant connection to property market (Adams 2007). Current research on the property market indicates that lack of effective property market laws usually have a substantial barrier to investment to most of the developing countries all over the world (Adams 2007). In most societies worldwide, a significant portion of the total wealth is usually in terms of land and building. Taking this into consideration, land as well as a building is highly valued in many societies all over the world (Abdul 2002). In more advanced economies, the primary source of capital used by individuals as well as small companies to buy and improve building and land is mortgage loans. Most of the banks are willing give these loans as the real property usually act as security if the borrower fails to pay the money borrowed. Efficient market theory is one of the most discredited theories (Siegel 2009). The theory assumes that all participants in the market receive and act effectively on relevant information in the market as soon as it becomes available to them (Siegel 2009). If this is actually the case, then the best investment would be just a coin toss.

Issues in Premarital Counseling Term Paper Example | Topics and Well Written Essays - 1000 words

Issues in Premarital Counseling - Term Paper Example This paper describes issues off human sexuality that the couple needs to discuss, a theoretical perspective to the issue, risk factors pertaining to health that might present from the scenario, and cultural competence issues. According to Crooks and Baur (2011), sexual arousal and orgasm are some of the important aspects of human sexuality that the couple needs to discuss. Through sexual practices, an individual is stimulated and psychosomatic adjustments and transformations take place. These transformations are well-defined while others occur slightly and are delicate. People engage themselves in sexual activities with the main aim of attaining orgasm. It is important for the couple to consider the fact that human sexuality involves certain behaviors and doings that is meant for stimulating the partner’s curiosity. Steve and Nadia have to discuss and comprehend the importance of implementing plans of actions as well as behavior particularly associations that stimulates curios ity. For instance, flirting, kissing, and stroking before sexual intercourse. Available sources posit that emotional factors concerns deep and passionate sentiments and feelings associated with sexual activity as well as attachments. There are biological aspects of human sexuality that the couple is ought to discuss. ... In some in some case, medical conditions such as testicular impairment may lead to loss of sexual curiosity and inability of the man to produce sperms. Biological, sexual activity is considered to involve the brain. Mental sanity and ensuring that your partner is happy will lead to a better sexual experience. These are some of the issues for consideration. Women on the other hand may experience low sexual curiosity or interest during menstruation. Elevated levels of hormones that elevate sexual curiosity levels may be present during ovulation period. Other biological aspects the couple should discuss include the issues of contraceptives, pregnancy, and breastfeeding. All these have an effect on human sexuality Michael, Steven, Yvonne & Gladue, 1994). Theoretical perspective Other than procreation and pleasure, sexual activity is a key factor in companionship. In getting engaged, both Steve and Nadia are seeking for companionship. There is a difference between love based on companions hip and love based on passion. According to Crooks and Baur (2011), â€Å"Compassionate love is a less intense emotion than passionate love. It is characterized by friendly affection and a deep attachment based on extensive familiarity with the loved one† (p. 183). In elucidation of this factor of love, a theorist by the name Robert Sternberg came up with a theory of love referred to as Sternberg’s Triangular Theory of Love. He came up with a number of postulations as he elaborated the reasons why people fall in love. This theory postulates that love is based infatuation, intimacy, and obligation. He asserted that infatuation is the driver of romance and the main contributor to stimulating sexual curiosity. Intimacy is regarded as the psychological aspect

The Lotus Sutra- three parables Research Paper Example | Topics and Well Written Essays - 3500 words

The Lotus Sutra- three parables - Research Paper Example This analysis will consist of their summary as well as their meanings and applications to the modern society. Expedient means of teaching use everyday life experiences to enlighten people. Buddhism uses expedient means to skillfully device ways of teaching people and leads them to salvation. A Buddhist teaching is referred to as a true teaching only when it leads them to enlightenment and Buddha hood. The reason for applying expedient means of teachings is to reach the close-minded audience, for whom the teachings of Buddha are directed. All these teachings are goal oriented, and aimed at reaching the Truth of the One Vehicle, that is, The Lotus Sutra. Expedient means of teaching are delivered depending on the listeners listening and understanding ability as will be described in this paper. Parable of the Burning House Buddha narrated the parable of the burning house. This narrative was about a rich man who lived in an old large house that was near crumbling. The house was in such po or condition that all forms of creatures roamed around its hallways. The house had many people living in it, about five hundred. The house seemed haunted with pure evil. The rich owner had left the house and gone out for awhile. Upon his return, he found the house on fire (Watson and Kanai, 2010). The worn out partitions crumbled as the fire spread to the rest of the house, burning even the creatures that inhabited it. The most agonizing point is that the rich man’s sons were inside the burning house, playing games. The man sounded an alarm and shouted warnings to his sons to come out of the evil possessed and burning house, but to no avail. Instead, the sons continued playing their games ignoring their father’s pleas. To lure them out, the rich man devised a trick, where he told the boys that there were plenty of gifts waiting at the gate. He named goat carts, deer carts, and bullock carts for his sons. To entice them, he described the gifts as explicitly made for his sons, and the trick worked. His sons came out of the burning house to where their father was. This made their father happy, and he was pleased that his sons were safe. Then the sons demanded the gifts that their father had promised them, which was no problem because their rich father had many gifts in store (Watson and Kanai, 2010). The man offered his sons more magnificent carts that enormous than the ones he had promised them. The carts were ox drawn as opposed to the deer, goat, and bullock carts promised. The sons were extremely pleased and enjoyed their new gifts immensely, much to the satisfaction and content of their father. Meaning and Relevance of the Burning House Parable When the Buddha completes the story, he likens himself to the father in the story. The decaying and crumbling house represents the three-fold world. The old man’s children in the story are the disciples, whereas the ox carts symbolize true liberation. Just like the rich man, Buddha is the owner of all things in the world, and all living things are his children. Buddha remarks that the living, his children, is so attached to worldly possessions that they ignore teachings and instructions. In fact, they lack understanding and wisdom to analyze this world critically and identify the right path. When the man gave his sons the gifts, he did this out of love for his sons. In addition, he had many gifts, so much, that

Cultural Competence in Nursing Essay Example | Topics and Well Written Essays - 1250 words

Cultural Competence in Nursing - Essay Example Such perceptions are very common in the United States because a bigger percent of the citizens are Christians who believe in God or a higher power. This concept applies to the chronically ill and the families who at most times may strongly belief that their chronic illness could e a sort of test and that through God’s intervention the illness will eventually be treatable. This means that this chronically ill patient focuses on inner strength and health care givers should fully apply their cultural competence by supporting the patient and its family’s cultural beliefs. More so, nurses and health care givers can obtain focused information about client’s presenting illness and his perception of causes of illness and beliefs about cultural treatment modalities (Jeffreys, 2010). This concept usually applies to patients or families of the chronically ill patients who believe in non-biomedical healing tradition. These individuals strongly believe that traditional medici ne could be more effective to biomedical medication. A competent health giver or nurse should understand this cultural concept by understanding the chronically ill patient or his family’s wish. Ideally, culturally competence approach would put up ways to communicate with chronically ill patients about their perception of their conditions, concerns and fears about a particular medication. Hence, physicians and caregivers could play a crucial timely role in addressing social cultural barriers to care by following culturally competent approaches to decision support (Jeffreys, 2010). Cultural competence can also assist patients to manage their own illnesses by providing educational information... This essay stresses that effective communication and interaction between health care givers and their chronically ill patients is essential because it delivers high-quality care. Statistics from the National Adult Literacy Survey claims that approximately ninety million U.S. adults have trouble in reading written text. More statistics claim that patients with chronic illness and limited health literacy have less knowledge of managing diseases, compared to those with higher literacy level. Such situations are commonly evident in the current society. For instance, a patient suffering from chronic illness like diabetes may tend to think that since diabetes is hereditary, there is no means of controlling it since other family members suffered from the disease and eventually died and so is his fate. In this respect, proper education through effective communication from the caregivers will be of crucial help to inform the chronically patient that insulin injection will greatly assist in co ntrolling diabetes. This paper makes a conclusion that chronic illnesses are terminal illnesses that needs accurate acceptance by the patients and their families. This means that the health care givers have a hard task of building a strong relationship with the patients in order to understand their likes and innermost views and likes. The outcome from the chronically ill patients lays the platform for the caregivers to deliver the best and efficient services as well as help in eradicating health disparities starting from individual levels.