In the case of pollution and carbon emissions, it is very hard to actually measure the level of carbon emissions being produced from a company. And even if you can it will be very costly, which means there is an opportunity cost of implimenting the law of how much carbon emissions can be produced. Realistically, all regulation can hope to achieve is a reduction in environmental damage and a movement towards the optimum level of output. A second difficulty with regulation is that the government must have the correct information, and therefore know the optimum level of output. This requires the perfect information which is rarely even achieved.
This is putting your action points from the Decide stage into action to achieve the goals laid out in the assess stage – whether it is shopping around for the best value financial products, or looking for ways to increase your income. The Review Stage is essential, and
2.2 The budget has not been accurate enough. This has caused some budgets to be over compensated for and others under compensated for leaving us with a problem of how to distribute the remaining money from budgets or raise additional capital to fund the departments which the budget hasn’t covered. 2.3 The budget has been tampered with as the year has gone on. This has caused upset and inaccuracy as money has been shifted, added and taken from different departments, leaving some departments short or over paid for without explanation why. 3.0 Recommendations 3.1 To reduce the exceeding of budgets, I recommend that more time is spent to see where money can be saved without risking health and safety.
TCO A) Describe three disadvantages of budgeting. Which disadvantage of the three that you described is the most detrimental and why? (Points : 15) Budgeting can be a very useful tool but it can also be very difficult to achieve. There are quite a few disadvantages or weaknesses related to budgeting, three most important are 1) managers set goals that are unattainable, off target, and unrealistic, 2) the budget takes too long to prepare, 3) budget is prepared using different methods each year. The most detrimental of these three is when managers set unattainable budgets.
The study goes ahead to establish how human beings change their attitudes when it comes to monetary issues and how they the use money to gain or ascend to power. Finally, the study aims at analyzing how money changes human personality and the society at large. The above aspects give a clear picture of the objectives of this study, which base its argument on
With a lack of communication on both sides and an unhappy country, it would have been very difficult to govern such a hostile environment as no members of public would have followed the laws or asks of their leader. Finally, the diverse economy makes laws very hard to put into place because certain introductions are going to benefit some whilst disadvantaging others e.g. The introduction of taxes for the rich to pay for the peasants would not have gone down well with some, but helped others back into a quality of life. For the above reasons, Russia was extremely hard to govern in the 19th Century. “Why was Russia so hard to govern in the 19th Century?” Russia was so hard to govern in the 19th Century due to the political situation, angry people and diverse economy.
Effective monitoring of budget performance requires that managers be provided with relevant, timely and accurate information appropriate to their level of responsibility. It also requires managers to provide feedback in a timely manner about underlying causes and effects of budget variations, as well as planned actions to manage variations. Identified the cause of variations from budget. Most budgets analysts calculate a variance by
A Market Society is Ethically better than an Aristocratic Society The concept of market society Scholars come up with several questions in the quest to evaluate what approaches should be taken to establish the relationship between the moral order and the market. For instance, different scholars have examined the set of moral orders upon which the concept of capitalism is based. This aspect in addition to a distinctive set of beliefs, social bonds, and habits stand out clearly in the market and various market structures. This paper shall begin by evaluation of how Hirschman characterised contradicting views concerning the market, which included civilisation, feeble effects on society, and destruction. The study shall also involve a review of various studies to bring an intersection of sociology, political economics, and economics itself in a bid to demonstrate how these subjects exist as theories of market society and moral ethics behind the same.
Exploring the Keynesian framework, Harrod-Dommar model points out some dynamics of growth. For instance, to determine equilibrium growth rate in the economy, the balance between supply and demand for a country’s output should be maintained. On supply side, saving is a function of the level of GDP. Investment is an important component of the demand for the output of an economy as well as the increase in capital stock. Therefore, the equilibrium rate of growth is given by matching proportionate change in output with the ratio of savings-output to that of capital-output.
Why? Well, there are so many sides to a story. What I mean by this is that although something can seem like the correct decision to make, another can counter it. How so? Well, the World Bank is not usually the one to take the first step to offer financial help.