Post-WWII Economic Shifts: Recovery, Golden Age, and Global Impacts
Post-War Economic Recovery
The damage of World War II was higher than the first. In spite of this, the subsequent recovery was much faster. This was because Germany was not required to pay compensation for damage caused. This made the recovery faster, and economic exchanges increased. The recovery was aided by the U.S., which was as involved in this recovery as in the first. The first economic aid to Europe came mostly from the U.S. and had two sources:
- Distribution of food and medicine to the production
Secularization in Spain: A Historical Analysis
Secularization was a process of fundamental importance in the bourgeois revolution. It meant a fundamental change in the system of ownership and land tenure. In Spain, it occurred discontinuously. Several confiscations were carried out. The most important were those of Mendizabal (1836-1851) and Pascual Madoz (1855-1924), but there were also other confiscations, such as those by Charles IV’s minister Godoy (1798), during the War of Independence, and the Liberal Triennium (1820-1823).
Enlightened
Read MoreIFRS 15, Deferred Tax, Leases, Cash Flow, and Intangible Assets
Revenue Recognition
1. Explain the Five-Step Model of Revenue Recognition According to IFRS 15
Answer:
The IFRS 15 revenue recognition model offers a structured approach for recognizing revenue and is grounded in the concept of transferring control of goods or services to customers. The five steps are as follows:
Identify the Contract with the Customer: A contract is defined as an agreement between parties that creates enforceable rights and obligations. For a contract to exist under IFRS 15, it must
Economic Agents, Production Factors, and Business Finance
Factors of Production and Economic Agents
Resources are the factors used in the production of goods and services, so they are called factors of production. There are four:
- Land (natural wealth, all the natural resources of land and sea)
- Labor (physical and intellectual faculties of human beings involved in the production process)
- Capital (we refer to physical capital, means of all kinds used in production, such as buildings and machinery, and never alluded to financial capital, funds available for the
Business Organization and Management: Principles and Practices
Business Planning Function
It consists of setting objectives, strategies to achieve them, identifying business policies, and establishing decision criteria to achieve the company’s goals.
A) Classification of Plans by Nature and Characteristics
We can distinguish:
- Goals: Fundamental goals pursued by the company.
- Objectives: We must distinguish between different grades of objectives. Objectives are general, and sub-objectives are more specific. To establish them, keep in mind: be realistic, set priorities,
Product Attributes and Market Adaptation in International Business
Product Attributes and Dimensions
In any company, the product is something that is produced or sold in the market. However, from a more market-oriented perspective, the product is not only a series of physical and technical characteristics, but rather a set of utilities that the client appreciates. Generally, a company does not sell a single product but a set of them, which is called a portfolio or range of products. A range of products can be composed of one or more lines of products.
A product line
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