Earth Science Geologic History Test Study Guide 1. What is the study of the universe? 2. Define steady-state theory. 3. Explain the Big-Bang theory. 4. What is cosmic background radiation? 5. What theory does cosmic background radiation support? 6. How old is the universe? 7. When looking at undisturbed rock layers‚ where is the oldest layer located? The youngest? 8. Define half-life. 9. What is the general shape of a half-life graph? 10. Define unconformity
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How did events leading up to the Great Recession illustrate the significance of the Moral Hazard and/or the Principal-Agent problem? Give an example from a news article to illustrate. What could be done to minimize such problems? Answer. We referred to the article given at http://www.cato.org/policy-report/januaryfebruary-2010/perfect-storm-ignorance The root cause of everything that led to the great recession of 2008 can be traced to the Sub-prime Loan crisis. The riskier loans were exposed
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Dangers and hazards of nuclear power When the term Nuclear Power or Nuclear Energy gets used usually the first things that come to mind for most people are bombs‚ destruction‚ war‚ and deformed humans. Which in fact are four things that occur the least in the nuclear power field. Nuclear power is much more than just bombs and destruction‚ bombs barely even take up a percentage of the total amount of nuclear energy used in the world today. Most all of the nuclear energy used today comes in the form
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THEME Bank Finance to the SME Sector– Issues And Perspectives here are a number of issues in lending to the SME sector‚ which banks generally face. The key issues among them are outlined below: (a) Information Asymmetry: Accurate information about the borrower is a critical input for decision-making by banks in the lending process. Where information asymmetry (a situation where business own- T implication of raising interest rates and/or curtailing lending is that banks will not be able
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You have a new member of staff starting and you are responsible for giving them all the information on health and safety requirements in your setting they need to be aware of. Prepare a document/presentation to give to them‚ which should include the following information: * A brief explanation of the relevant health and safety legislation * How you plan and maintain a healthy and safe environment * What factors do you consider when planning the environment to ensure safety for all
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information creates problems before and after the transaction entered into‚ which is potentially a major problem with Islamic profit sharing financial contracts. The presence of asymmetric information normally leads to adverse selection and moral hazard problems. 1) Adverse Selection: Adverse selection refers to a situation in which sellers have relevant information that buyers lack or buyers have relevant information that sellers lack about some aspect of product
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insurance. These kinds of cases lead to several kinds of problems. These problems “emerge in such markets when the information held by the two parties to the trade is not symmetric”. Relevant issues like adverse selection (hidden information) and moral hazard (hidden action) will be discussed‚ make examples in the sections below. On the other hand‚ why do insurance companies offer different insurance contracts to different policy-holders? Why do customers go to several shops only to compare the price of
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Reasons of corruption appearance Corruption is a complex socio-economic phenomenon which has no single canonical definition. The concept of corruption is ambiguous. Some evidence can be attributed to it without any hesitation while the others are controversial (bribery of public servants‚ buffet for the press or potential partner). In business there is no single estimate of bribes‚ there are different opinions: "Normal" payment services; "Dubious" from a moral point of view; Act that deserves
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This essay is to critically evaluate the usefulness of the accounting theory to practicing accountants today. It will provide a general assessment of information asymmetry and the fundamental problem of accounting‚ and it will also briefly discuss the normative and positive accounting theories and their usefulness to practicing accountants. After those discussions‚ it will specifically discuss the strength and limitation of positive accounting theory and assess its usefulness to practicing accountants
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A natural disaster is the effect of a natural hazard. Bangladesh‚ a country in southern Asia that is home to 140 million people‚ is widely known as a land of natural disasters. It is highly vulnerable to floods‚ famine‚ drought‚ earthquake‚ cyclones‚ and river erosions. Due to the effects of these disasters‚ the country is now permanently in distress. These disasters have become regular phenomena and have been causing suffering to millions of residents for many decades. Natural Disasters are occurring
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