grown in importance and that it indeed contributes to economic well being. Converting ideas into successful economic opportunities is the main essence of entrepreneurship. If we cast an eye over the past‚ the economic momentum has been substantially advanced by pragmatic individuals who are creative and innovative‚ able to utilize opportunities and willing to take risks. Whatever the definition of entrepreneurship‚ it is associated with creativity‚ literacy‚ innovation and change that are in turn vital
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The Main Difference Between Mediation and Arbitration: The Decision The key difference between mediation and arbitration is the person who ultimately resolves the conflict. As we described in the article mentioned above‚ mediation is a dispute resolution method where a neutral third party acts as a referee of sorts and helps each side recognize the legalities involved in their arguments. It is up to each party to agree on a final resolution that is mutually agreeable. In arbitration‚ two parties
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foreign currency futures and options. Identify situations where you may choose one or the other. When Barings Bank‚ the oldest merchant bank in London‚ collapsed in 1995 after one of the bank’s employees lost £827 million due to speculative investing‚ primarily in futures contracts‚ it illustrated the extreme danger and volatility of derivatives. Options and futures can be used to eliminate‚ reduce‚ hedge and manage risk‚ but can also be highly speculative. Foreign currency futures are standardized
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* What are the main differences between a GIF and a JPEG file? Both the GIF and JPEG are compression formats for storing images to be displayed electronically. The JPEG format can display literally millions of colors and is frequently used for displaying images such as photos‚ artwork‚ or intricate designs. A GIF only displays up to 256 colors and because of that is more apt to be used for more simple images such as cartoons‚ or word based items. GIFs also have a faster load time because of the
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Fundamentals of Futures and Options Markets‚ 8e (Hull) Chapter 1 Introduction 1) A one-year forward contract is an agreement where A) One side has the right to buy an asset for a certain price in one year’s time B) One side has the obligation to buy an asset for a certain price in one year’s time C) One side has the obligation to buy an asset for a certain price at some time during the next year D) One side has the obligation to buy an asset for the market price in one year’s time Answer:
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CHAPTER 7: CURRENCY FUTURES AND OPTION MARKETS 7.1 FUTURE CONTRACTS 7.1.1 Definition of future contract–> contracts written requiring a standard quantity of an available currency at a fixed exchange rate and at a set delivery date. A future contract is defined as a contractual agreement to buy or sell an asset at a pre-determined price in the future. The contracts detail the quality and quantity of the underlying asset. Background of currency futures in 1972: Chicago Mercantile Exchange
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THE DEGREE OF RISK REDUCTION IN DIVERSIFICATION According to Roberts (2004‚ p214)‚ diversification is when several businesses are combined under one ownership for the singular aim of reducing risk. The combination of all the businesses is less risky than individual businesses standing alone. According to Chandler (1959)‚ there are three types of diversification: 1. Full line – company manufacture‚ market and control supplies of its single line of product‚ that is‚ the company has manufacture
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• Differentiate between hazard and a risk. Hazard- makes us sick and makes our life expectancy shorter. - Is something that can cause you to become injured or get a disease and could eventually kill you. (Ex: people working with asbestos for a certain amount of time can develop cancer) - Anything that can cause damage to your personal property or public property (ex a flood damaging your home) - Things that would cause the environment to become polluted‚ anything that would be mistreatment
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ISDR Briefing Note 01 Geneva‚ September 2008 Climate Change and Disaster Risk Reduction Weather‚ climate and climate change Defining climate change For most people‚ the expression “climate change” means the alteration of the world’s climate that we humans are causing‚ through fossil fuel burning‚ clearing forests and other practices that increase the concentration of greenhouse gases (GHG)1 in the atmosphere. This is in line with the official definition by the United Nations Framework Convention
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society can be a useful tool to better shape to future. In this essay I will discuss the links between harm reduction and the increase of risk taking behavior. Harm reduction is defined as “policies‚ programs and practices that aim to reduce negative health‚ social and economic consequences that may ensue from the use of legal and illegal psychoactive drugs‚ without necessarily reducing drug use” (Stenekes‚ 2015). In this essay I will argue that harm reduction is a slippery slope that leads to the use
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