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International Business Chapter 2 Quiz - 2684 Words

Chapter 2—Understanding Politics, Laws, Economics TRUE/FALSE 1. Formal and informal policies are popularly known as the rules of the game. ANS: T PTS: 1 DIF: Moderate REF: p. 20 OBJ: 2.1 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 2. Two pillars—the regulatory and the normative pillar—support informal institutions. ANS: F PTS: 1 DIF: Easy REF: p. 21 OBJ: 2.1 NAT: AACSB: Tier 1 Reflective Thinking | Tier 2 Legal Responsibilities 3. Informal institutions include laws, regulations, and rules. ANS: F PTS: 1 DIF: Easy REF: p. 21 OBJ: 2.1 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 4. An important source of transaction cost is opportunism, defined as seeking†¦show more content†¦20 OBJ: 2.2 NAT: AACSB: Tier 1 Communication | Tier 2 Strategy 5. The institution-based view of global business focuses on the dynamic interaction among: a.|Institutions|c.|Firm behaviors| b.|Firms|d.|All of these answers| ANS: D PTS: 1 DIF: Easy REF: p. 22 OBJ: 2.3 NAT: AACSB: Tier 1 Analytic | Tier 2 Group Dynamics 6. Democracy is defined as a(n) ____ in which citizens elect representatives to govern the country on their behalf. a.|Economic system|c.|Political system| b.|Legal system|d.|Emerging economy| ANS: C PTS: 1 DIF: Easy REF: p. 24 OBJ: 2.4 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 7. ____ had been embraced throughout Central and Eastern Europe and the former Soviet Union until the late 1980s. a.|Communist totalitarianism|c.|Tribal totalitarianism| b.|Theocratic totalitarianism|d.|Right-wing totalitarianism| ANS: A PTS: 1 DIF: Moderate REF: p. 24 OBJ: 2.4 NAT: AACSB: Tier 1 Diversity | Tier 2 Legal Responsibilities 8. Political risk is associated with political changes that may negatively impact domestic and foreign firms. Which statement about political risk is correct? a.|Political risk only exists in communist countries.| b.|Firms operating in democracies never confront political risk.| c.|Firms operating in democracies are subject to political risk.| d.|PoliticalShow MoreRelatedMgt 496 – Strategic Warehouse Management /Complete Class1652 Words   |  7 PagesValue Chain MGT 496 Week 1 DQ 2 Demand Methodology MGT 496 Week 1 Quiz MGT 496 Week 2 DQ 1 The Yogurt Company and Security MGT 496 Week 2 DQ 2 Live Racking at B.M.W MGT 496 Week 2 Quiz MGT 496 Week 3 DQ 1 System Implementation MGT 496 Week 3 DQ 2 Occupational Safety Health Administration (O.S.H.A.) MGT 496 Week 3 Quiz MGT 496 Week 3 Warehouse Health and Safety MGT 496 Week 4 Alternative Assignment MGT 496 Week 4 DQ 1 5-S Guidelines MGT 496 Week 4 DQ 2 Third Party Supplier RelationshipRead MoreManaging Human Resources Quiz 4 Review Chapters 1 Thru 41463 Words   |  6 PagesManaging Human Resources | Quiz 3 | Review: Chapters 1 thru 4 Student: There are Multiple-choice, True or False, and Short Essay questions. Note: All questions also require a brief response explaining the reason for your answer. Circle the correct multiple choice answer; or check (ïÆ'â€") the correct answer for True or False statements 1. When the human resources function creates a unique capability in a firm that creates high value and differentiates the organization from its competition, human resourcesRead MoreMKT 315 WK 6 QUIZ 4 CHAPTERS 8 91272 Words   |  6 Pagesï » ¿MKT 315 WK 6 QUIZ 4 CHAPTERS 8 9 To purchase this visit here: http://www.coursehomework.com/product/mkt-315-wk-6-quiz-4-chapters-8-9/ Contact us at: help@coursehomework.com MKT 315 WK 6 QUIZ 4 CHAPTERS 8 9 MKT 315 WK 6 Quiz 4 Chapters 8,9    MULTIPLE CHOICE 1. Why does it make sense to sell high-priced and exclusive merchandise such as diamonds, rare Cognac, or Waterford Crystal, through warehouse club channels? a. The warehouse clubs attract thousands of customers each year. b. Companies canRead MoreAcc 4035354 Words   |  22 Pages | | | |2 | |Homework and Quiz | |10/16/2011 Read MoreBus 311 Business Law Entire Course Material1611 Words   |  7 PagesBUS 311 Business Law Entire Course Material Follow the link below to purchase http://www.homeworkarena.com/bus-311-business-law-entire-course-material    Visit Website: http://www.homeworkarena.com/ Please contact us for more Tutorial amp; Help (climaxbegin@gmail.com) BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts    Applying the Law to a Set of Facts.  Read the Hypothetical Case Problem #1 at the end of Chapter 1 and respond to these questions 1. If Javier sued Energy-AutoRead MoreC200 course5463 Words   |  22 Pagesof a manager, analysis of personal leadership styles, approaches to self-awareness and self-assessment, and application of foundational leadership and management skills. Watch the following videos for an introduction to this course: [Welcome Video] (2:50 min.) Note: To download this video, right-click the following link and choose Save as...: download video. Getting Started] (10:45 min.) Note: To download this video, right-click the following link and choose Save as...: download video. CompetenciesRead MoreEssay on Acct 5576897 Words   |  28 Pagesnew system for recognizing revenue. Journal of Accountancy, 213(1), 30-35. COURSE LEARNING OUTCOMES 1. Examine accounting principles and concepts used in businesses. 2. Prepare and record financial transactions in the accounting cycle according to Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) accounting methodology. 3. Prepare and analyze financial statements including the balance sheet, income statement, and statement of cashRead MoreSupply and Demand15148 Words   |  61 PagesCopyright Martin C. Byford (2012). This version compiled on Thursday 6th December, 2012. Contents Using This Volume 1 Introduction to Demand and Supply 1.1 Quiz . . . . . . . . . . . . . . . . . . 1.2 Group Exercise . . . . . . . . . . . . 1.3 Homework Questions . . . . . . . . . 1.4 Homework Solutions . . . . . . . . . 2 Elasticity 2.1 Quiz . . . . . . . . . 2.2 Group Exercise . . . 2.3 Homework Questions 2.4 Homework Solutions iii 1 1 3 4 5 9 9 11 12 13 15 15 17 18 19 25 25 27 28 29 33 33 35Read MoreEssay DMD Case Analysis3606 Words   |  15 Pages1    General Information 15.060: Data, Models, and Decisions Professors Vivek Farias, Robert Freund, and Cynthia Rudin Fall 2012 Description 01 2 Many managerial decisions—regardless of their functional orientation—are increasingly based on analysis using quantitative models from the discipline of management science. Management science tools, techniques and concepts (e.g., data, models, and software programs) have dramatically changed the way businesses operate in manufacturingRead MoreSoftware Engineer4708 Words   |  19 PagesUniversity Co-op) 1. Course reading packet: Selection of Harvard Business School case-studies, Harvard Business Review articles, as well as other articles and book chapters. COURSE OBJECTIVES This class is the capstone class for students studying at McComb’s School of Business. It is an essential component of your business degree. The overarching goal, therefore, is to build on the classes you have taken elsewhere in the business school and help prepare you to enter the workforce. The starting

A Brief Note On Gay Marriage And Same Sex Marriage

Same Sex Marriage Emmberle Finley University of Alabama at Birmingham Overview on Gay Marriage Homosexual is defined as a sexual attraction between two people of the same sex. People hear the word homosexual when a topic about two people of the same gender being sexually attracted to one another. People usually relate to gay women as lesbians or bisexual. Bisexual means to like the same sex gender just as much as the opposite. If a person is bisexual then they date both men and women. A woman that label herself as a lesbian only date women. In today’s society people think they can if someone is a homosexual or not. In reality nobody can label someone gay unless the person says they are a homosexual. Identifying a homosexual may seem easy to do although it is not. Homosexuals come in different races, ages, and religions. Heterosexual is defines as a person who is attracted to the opposite sex. Homosexual and heterosexuals both are attracted to a specific gender. If someone places a heterosexual by a homosexual then it is a possibility that it may be difficult to label them correctly. Some homosexuals and heterosexuals have all the same characteristics, but they like different things. People may wonder how to identify a homosexual from a heterosexual. Honestly, the best way to figure out if someone is a homosexual or heterosexual is if the person voluntarily tells their sexual preference. Homosexuals are normal humans that should not be judged off their sexualShow MoreRelatedCritique Of The Gay Marriage Is Good For America1445 Words   |  6 PagesCritique of Sullivan’s â€Å"Why Gay Marriage is Good for America† Debates about gay marriage continue to simmer within American public discourse, though much of the more heated rhetoric has calmed since the earliest efforts to legalize same-sex marriage succeeded in numerous states. These debates have spanned many topics, ranging from religion to politics and beyond. Andrew Sullivan, a prominent gay and self-described conservative political commentator, addressed one angle of the issue in his July 19Read MoreGay Marriage Should Be Legal in All States1632 Words   |  7 Pagesbeen Gay Marriage. Whether same-sex couples should be given the right to marry or even if same-sex couples should be given rights at all, this has been a contentious discussion which creates division and disunity throughout the country. The Supreme Court of the United States ruled that the Constitution guarantees a right to same-sex marriage. Gay marriage has been legalized in 17 states. But only 19 of 194 countries allow for gay marriage. Statistics show more than half the co untry supports Gay MarriageRead MoreThe purpose of this policy brief is to recommend to the State of Florida a policy that will1200 Words   |  5 PagesThe purpose of this policy brief is to recommend to the State of Florida a policy that will legalize same-sex marriage and acknowledge same-sex marriages recognized by laws in other states. This policy is necessary because current laws in Florida that restrict marriage to different-sex couples violate the US Constitution’s commitment to equal protection under the law and because the Due Process Clause protects individuals freedoms of personal choices, which includes their choice to marry and haveRead MoreDr. Abbott And The Prime Ministers Of Australia977 Words   |  4 Pageshave different views on same sex marriages, education, and Medicare. Ms. Gillard is a supporter of same sex marriage despite the fact many disagree with her opinion. She stated that both heterosexual and same sex couples should embrace civil unions. Ms. Gillard felt as, if not only Australia s but all types of races should be able to openly expose how they feel about their sexual preference. By expressing themselves she felt as if it gave them enough freedom to choose what sex, gender they feel isRead MoreBlack Lesbian And Gay Families7002 Words   |  29 Pages Although marriage equality continues to be in the legislative and media spotlight, little attention has been placed on the significance of legalizing same sex marriage for Black families. This article will discuss the available research on Black lesbian and gay families, highlighting both the strengths and challenges these families negotiate. Focusing on the resources Black lesbian and gay families provide to the Black community, such as foster parenting and adopting Black children, mentoringRead MoreComparison and Analysis of Different News Report on Same-Sex Marriage Legalization in New Zealand3385 Words   |  14 PagesTopic: Same Sex Marriage Homosexuality and lesbian and gay civil rights was the dominated by negativity in Western societies before the 1990s (Loftus, 2001). In Australia, bias and discrimination against gay has progressively decreased over time (Kelly, 2001). Issues related to gay and lesbian rights have been increasingly prominent. Despite the receding negative a ttitudes towards gay and lesbian minority, according to scholars, such tolerance does not seem to extend to attitudes towards same-sex marriageRead MoreHomosexualiy and the Catholic Church Essay1568 Words   |  7 Pages For us in Scotland homosexuality is one of the most prominent issues in Church and society today. Gay-rights advocates and activists are pushing a strong political agenda from the left#8212;job benefits for domestic partners, civil recognition for gay marriages, the right to bear ones own children via reproductive technologies, equal access to adoption, anti-discrimination statutes. At the same time, the government has changed legislation regarding the teaching about homosexuality in Schools. Read MoreAn Understanding Of The Historical And Worldview Changes That Occurred Within The United States Over Homosexuality And Same Sex Essay1829 Words   |  8 Pagessurrounding traditional marriage. The struggle over defining marriage was thought to be somewhat settled through the 1996 Defense of Marriage Act (DOMA); however, as this law’s ramifications were realized, greater debate resulted about the moral, philosophical, and civic repercussions of this legal definition. This paper will provide a better understanding of the historical and worldview changes that occurred within the United States over homosexuality and same-sex marriage (SSM). After gaining aRead MoreThe Influence Of Age, Religion, And Intergroup Contact6284 Words   |  26 PagesOpinions of Same-Sex Marriage INTRODUCTION The subject of same-sex Marriage has made numerous headlines in the most recent years prior to and following the legalization of the union and acknowledgement of it by the U.S. Government on June 26th 2015 (De Vogue and Diamond 2015). Within the past 5 to 10yrs there has been an increase in support for what are commonly known as LGBT (lesbian, gay, bisexual, transgender) family rights in the United States, including but not limited to allowing same-sex couplesRead MoreTaboo of Homosexuality and Same Sex Marriage4375 Words   |  18 PagesHomosexuality and same sex marriage is one of the serious issue in our society. This essay summarize whether homosexuality and same sex marriage is still considered as a taboo or not. Taboo is any human behaviour that is normal for him/her but may not be for other. Hence, we could recognise taboo only at the time when we encounter other opposing our behaviour. Every society differs in its point of view regarding any sort of Taboo-defying behaviour. Hence homosexuality and same sex marriage is hotly debated

Hiv / Aids Acquired Immune Deficiency Syndrome - 775 Words

HIV/AIDS Acquired Immune Deficiency Syndrome (AIDS) is a devastating disease, the scope and depth having no boundaries, permeating into many areas of the world, oblivious to social class, lifestyle, or culture. Initially reported in 1981, HIV/ AIDS rapidly spread and by 1987, 100 countries conveyed the presence of HIV/AIDS. (Maurer Smith, 2009). â€Å"By 2001, it was the leading infectious cause of death in the world, killing almost 3 million people, and by 2002, approximately 5 million people were infected with HIV, including 2 million women and 800,000 children younger than 15 years of age† (Maurer Smith, 2009, p. 121). With advancements in health care, â€Å"the number of people living with AIDS continues to increase† (Shi Singh, 2013, p. 532). In a global summary of the AIDS epidemic, the World Health Organization (WHO) reported that in 2014, 36.9 million people were living with HIV; 2 million people were newly infected, and 1.2 million people died resultant of AIDS related complications (World Health Organization [WHO], 2015). How Countries Around the World are Faring â€Å"While some countries have made impressive gains in achieving health-related targets, others are falling behind. Often the countries making the least progress are those affected by high levels of HIV/AIDS, economic hardship or conflict† (Millennium Development Goals, 2015, p. 1). In fact, â€Å"there are more people living with HIV in Nigeria alone than in the whole of North America, Western Europe andShow MoreRelatedThe Human Immunodeficiency Virus ( Hiv ) / Acquired Immune Deficiency Syndrome ( Aids )1199 Words   |  5 PagesThe Human Immunodeficiency Virus (HIV)/Acquired Immune Deficiency Syndrome (AIDS) is one of the deadliest pandemics the world has ever known. Unprecedented efforts and resources have been mobilized to fight the infection worldwide. While obvious progress has been made, HIV infection still hit hard and the field of public health continues actively to raise awareness about this issue and help affected people. Public health professionals constantly look for new ways to reach high-risk populations, butRead MoreThe Human Immunodeficiency Virus ( Hiv ) Or Acquired Immune Deficiency Syndrome ( Aids )1281 Words   |  6 PagesA major epidemic across the world is the human immunodeficiency virus (HIV) or acquired immune deficiency syndrome (AIDS). Accredited with 10% of the HIV cases annually is injection drug use (AIDS.gov, 2014). A study done in 2010 showed that injection drug use affected nearly 47,500 new HIV infections in the United States. With 625 being males and 38% being female. Breaking it down even further, African Americans made up 50% of the newly affecting using injection drugs, Whites 26%, and Latinos/ HispanicsRead MoreHuman Immunodeficiency Virus ( Hiv ) / Acquired Immune Deficiency Syndrome ( Aids )1449 Words   |  6 PagesHuman Immunodeficiency Virus (HIV) /Acquired immune deficiency syndrome (AIDS) is present around the world. HIV weakens the body’s immune system by attacking its defences against diseas e this later develops into AIDS which causes for the body to be unable to fight of illness and diseases it usually could (Afao.org.au, 2015). Chad a country of Sub Saharan Africa has an estimated 210,000 people living with HIV/Aids. Working to decrease this a number promotional incentives are being run such as theRead MoreThe Human Immunodeficiency Virus ( Hiv ) And The Acquired Immune Deficiency Syndrome ( Aids )2072 Words   |  9 PagesIntroduction The Human Immunodeficiency Virus (HIV) and the Acquired Immune Deficiency Syndrome (AIDS) do not seem to be a major topic of discussion in the World today. Especially within the United States, HIV and AIDS are not conversed about as openly as perhaps it was in the past two decades. According to the Centers for Disease Control and Prevention (CDC) at the end of 2010 there were approximately 1.1 million people living in the United States with the HIV virus. Of those 1.1 million people, aboutRead MoreHuman Immunodeficiency Virus Infection And Acquired Immune Deficiency Syndrome ( Hiv / Aids )898 Words   |  4 Pages Pathogenic Agent Identified Human immunodeficiency virus infection and acquired immune deficiency syndrome (HIV/AIDS) Virus after the infection of the human immunodeficiency virus (HIV), the immune system is damaged so the body become targets of many opportunistic diseases, which called syndrome, rather than just a type of disease. [1] History of Pathogenic Agent The clinical of AIDS was first observed by the US Centers for Disease Control and Prevention in 1981. [2] The region most recent outbreakRead MoreThe Human Immunodeficiency Virus, Or Hiv, The Root Cause Of Aids Or Acquired Immune Deficiency Syndrome?1532 Words   |  7 PagesSince its discovery in 1981, the scientific community has put up with the struggle of finding a vaccine for the human immunodeficiency virus, or HIV, the root cause of AIDS or acquired immune deficiency syndrome. Although numerous advancements in combating the virus have helped to reverse the epidemic, there is still no known cure. However, recent studies have shown some results that may possibly be the precursors to eradicate the disease. One example would be the trials of a possible vaccine conductedRead MoreHuman Immunodeficiency Virus And Acquired Immune Deficiency Syndrome1477 Words   |  6 PagesHuman Immunodeficiency Virus and Acquired Immune Deficiency Syndrome In 1981, the first cases in the United States of Acquired Immune Deficiency Syndrome (AIDS) developed in Los Angeles and New York (Fraser, Burd, Liebson, Lipschik, Peterson, 2008). The illness presented itself among several homosexual males who developed rare opportunistic infections such as Pneumocystis carinii pneumonia and Kaposi’s sarcoma (Sharp Hahn, 2011). At the time, medical professionals deemed the infections to beRead MoreAcquired Immune Deficiency Syndrome ( Aids )1401 Words   |  6 PagesAcquired Immune Deficiency Syndrome (AIDS) Duckworth 2 The history of the awful words AIDS and HIV has distressed the world for the past 40 years. It has infused panic in the world from its illness, fear, and regrettably death. AIDS was announced to the world in 1980. It is highly believed that this illness began in Kinshasa, the Democratic Republic of Congo. Prior to this time, it is undetermined of the number of people infected developed AIDS orRead MoreAIDS, which stands for acquired immune deficiency syndrome, has been a worldwide issue for many800 Words   |  4 PagesAIDS, which stands for acquired immune deficiency syndrome, has been a worldwide issue for many years. People of all ages have been affected by this syndrome, from newborns to young teens, all the way to adults going all the way through their seniority. Individuals with the Acquired Immune Deficiency Syndrome have had many obstacles to deal with. Some of which are problems not only having to do with their health, but also with the relationship that they have wit h the people around their communityRead MoreHistory Of Acquired Immune Deficiency Syndrome1272 Words   |  6 PagesThe history of Acquired Immune Deficiency Syndrome in the United States starts in 1981, the year it became recognized by country as an official new strange disease. By 1982 it was recognized as Acquired Immune Deficiency Syndrome (AIDS). It started in San Francisco, with five young homosexual men, they were presented with Pneumonia (PCP). As the year went on there were more reports of homosexual men presenting PCP and some of them were diagnosed with PCP and Kaposi ´s Sarcoma (KS). Others reports

Letter of Motivation Culinary Arts Essay Example For Students

Letter of Motivation Culinary Arts Essay Name of dean Dean Name of school Address Of school Dear Mr.. Xix: am a graduate of Sicilian university Bachelor of Science in nursing and currently a Registered Nurse with a passion for cooking, and who seeks to gain sufficient knowledge, skills, manner and experience as possible in the food and beverage field and eventually work in a growing and exciting company with a work environment were my talents and strengths are appreciated and challenged. As we all know, a good chef must have attributes like a good sense of sate and smell for food, creative to bring out new dishes, efficient management skills to keep work organized, and good communication skills. This definition of a good chef served as the basis for formulating my objectives, in order to accomplish my culinary goals, which are as follows: develop my palate in the process of learning the preparation and presentation of fine and excellent quality foods. Acquire culinary avenues of creative expression. Come to appreciate the degrees of different ingredient combinations and techniques. Obtain distinct insight on the culinary history, origins, and theory of food. Gain knowledge on the principles of sanitation, food history, practical aspects of good business management, and human resource management for overall kitchen efficiency. Cultivate speed, stamina, dexterity, teamwork, and a sense of food artistry. Eve based the grounds for opting to enroll at International Culina ry Arts Academy Zebu as my primary choice for acquiring a diploma for culinary arts due to the institutions well-coffined goals, outstanding hilltops, first-rate accreditations, excellent tuft-year Culinary Arts Chef program at a reasonable enrolment fee, exceptional faculty and staff, and admirable modern kitchen and facilities. I am excited about the possibility of joining your ISAAC family. I have enclosed my resume for your review and hope to be able to meet with you to discuss this opportunity. Look forward to hearing from you and thank you in advance for your consideration.

Capital Market Household Economic Inequality in Australia

Question: 1. Outline the financial institutions and markets whose expansion can help economic productivity and growth according to finance literature. Also, outline the institutions and markets which hinder economic productivity and growth. Discuss Australia and overseas countries. 2. If the Australian manufacturing sector had the highest growth rate over the past serval decades and held the largest share of Australian GVA, would you consider the industry to be oversized? Explain your answer by referring to the similarities or differences between the finance and manufacturing sectors. Answer: 1. The success of any country depends on the financial growth of that particular country. Financial growth is related with the economic growth of a country. There are many components of the economy of a country (Lewis 2013). Two of the most important components are the banking sector and the financial sector. As per various business journals, there is a huge role of the banking and financial sectors in the economic growth of the Organization of Economic Cooperation and Development (OECD) countries like Australia, Paris and other countries. Thus, it can be said that there is a huge growth of the banking and financial sectors I Australia and other countries under OECD. However, as per the research of the OECD, the continuous overgrowth of the banking and financial sectors can harm the economy of the countries. There are many financial institution and markets exists in the economic system of a country. There are some financial institutions that can contribute to the economic productivity and growth of a country (Hull 2012). They are banks, various financial companies, life insurance companies, general insurance companies, friendly financial societies and others. The main function of these types of financial institutions is to maintain the flow of money in the economy (Gennaioli, Martin and Rossi 2014). These financial institutions help to control inflation and recession of the economy. On the other hand, there are various markets like the capital market, money market, commodity market and others which play a crucial part in the development and growth of the economy. The main functions of these markets are to provide capital and money to various businesses (Bhojraj and Libby 2015). This is related to the development of the economy as the development of the business contributes to the develop ment of the economy. These are the markets and institutions that contribute to the development of the economy. On the other hand there are some institutions and market that hinders the development and growth of the economy. As per the report provided by OECD, the over progress of the financial institutions like banks and credit giving agencies are becoming a barrier to the economic growth and give birth of the financial inequality. As per the report of OECD, the credit expansion by these kinds of financial institutions is blocking the way of economic growth (www.abc.net.au 2016). The expansion of lending is a good indicator for the economic growth until it does not exceed the limit. When the loan amount exceeds 60 per cent of the gross domestic product (GDP), it is a long term growth sign. However, when the percentage goes to 100 to 110 percent of GDP, it indicates the reduction in economic growth. Apart from growth, another issue is the inequality issue (Dollman et al. 2015). The financial sector employees are earning premiums over other industry employees with the same level of education. H igh salary is attracting the employees towards the financial sectors where there is no contribution of them towards the economic growth. This is happening due to inequality. These institutes are relating to the money market of a country. Thus, the overgrowth of the money market is same harmful for the economy as these type of institutes. 2. Manufacturing sector and the financial sector are two of the most important sectors in a country. Both the sectors are two completely different sectors. There are some differences exists in these two sectors and there are some similarities exist. Manufacturing sector refers to the sector where goods are produced by various chemical, mechanical and physical processes. This is the sector which is responsible for the production of consumer goods of a country (Unit 2013). On the other hand, financial sector refers to those firms which provide financial assistance to various commercial and retail customers (Joshi et al. 2013). This sector consists of banks, insurance companies, investment funds and others. Thus, it can be seen that there is a huge difference in the operation of both the sectors. The similarity is in the aspect of financial assistance to the economy of the country. Both the sectors are responsible for the growth of the country. Financial institutions are providing finan cial support to the people which passively contribute to the financial assistance to the country. On the other hand, manufacturing units are also providing a healthy percentage towards the growth of the country. This is the similarity between these two sectors. Australian GVA is a term which is used to define the unduplicated value of the good and services produced by the manufacturing companies in Australia. The question can be answered by two different perspectives. It has been said that the Australian manufacturing sector has been witnessed the highest growth for the last three decades. The question is that does this growth make the Australian manufacturing sector oversized. This situation can be answered by two aspects. Firstly, as per the statement, the manufacturing sector is growing rapidly compared to other sector. The reason is that there are a moderate number of companies in the industry. The companies are doing actually well by manufacturing consumer goods for the Australian. On the other hand, there is enough demand for those manufacturing goods which is assisting the companies in earning a large amount of revenue. If this is the case, then it can be said that the industry is not oversized. The reason is that the manufacturing sector is contributing for the purpose of the growth of the country. This is the qualitative aspect. Secondly, there are a lot of manufacturing units in Australia. The number is more than any other units in the country. This huge number results in the most proportion of growth in the Australian GVA. However, in the reality, the scenario is different. The highest growth is the result of the huge number of manufacturing units. The units are not giving high growth, but the number of units makes the growth high. In this case, it can be said that the industry is oversized. The reason is individual little growth. This is the cumulative aspect. These are the two logics behind the statement. References ABC News. (2015).Financial sector slows economic growth, widens inequality: OECD. [online] Available at: https://www.abc.net.au/news/2015-06-18/financial-sector-expansion-slows-economic-growth/6555276 [Accessed 20 Oct. 2016]. Bhojraj, S. and Libby, R., 2015. Retraction: Capital Market Pressure, Disclosure Frequency-Induced Earnings/Cash Flow Conflict, and Managerial Myopia.The Accounting Review,90(4), pp.1715-1715. Dollman, R., Kaplan, G., La Cava, G. and Stone, T., 2015.Household Economic Inequality in Australia(No. rdp2015-15). Reserve Bank of Australia. Gennaioli, N., Martin, A. and Rossi, S., 2014. Sovereign default, domestic banks, and financial institutions.The Journal of Finance,69(2), pp.819-866. Hull, J., 2012.Risk Management and Financial Institutions,+ Web Site(Vol. 733). John Wiley Sons. Joshi, M., Cahill, D., Sidhu, J. and Kansal, M., 2013. Intellectual capital and financial performance: an evaluation of the Australian financial sector.Journal of intellectual capital,14(2), pp.264-285. Lewis, W.A., 2013.Theory of economic growth(Vol. 7). Routledge. Unit, M.C., 2013. State of Australian cities 2013.Canberra: Department of Infrastructure and Transport.