.... ramp. Sales of system platforms, embedded control products, and networking and communications products also grew. Cost of sales increased by 40% from 1994 to 1995 and by 71% from 1993 to 1994. The growth in cost of sales from 1993 to 1995 was driven by Pentium microprocessor and board-level unit volume growth, new factories coming into production, shifts in process and product mix, and in the fourth quarter of 1995, by costs associated with unusually high reserves related to inventories of certain purchased components. Gross margin for the fourth quarter of 1994 included the impact of a $475 million charge, primarily to cost of sales, to cover replacement costs, ....

.... With the Federal deficit dropping over the last few years, the Liberals feel that they can balance the budget in the next two years. This is important because it will allow the government to halt their foreign borrowing to finance the deficit. This greatly helps the credibility of Canada and puts the country's destiny back into domestic palms. With this said, Martin announced no new tax increases, although the raise in the Pension Plan could be considered a hidden tax increase. Martin announced no new spending cuts in this budget although cuts made in previous budgets are set to slash 3 billion more dollars this year. There was some extra spending sprinkled in ....

.... exchange rates and rates based on either explicit or unwritten targeting are impossible to maintain, especially in an era of free trade. Complete monetary unification would be impossible to bring about without extensive integration and unification of international governments and economies, a task so vast that it is unlikely ever to be accomplished. Thus, the only option central banks have is to allow exchange rates to float freely. The European Monetary System, which virtually collapsed in 1993, was an attempt to fix exchange rates within certain tight bands, to coordinate monetary policy between member nations and to have central banks intervene to keep exchange rates ....

.... free of controls of any kind; there should be no tariffs or other barriers. This is where the term laissez-faire is introduced. It’s direct translation in French, “leave alone to do”, is self-explanatory. A strong believer in this type of economics is Adam Smith, both a philosopher and an economist. Born on 1723 in Kirkcaldy, Fife, he studied at Oxford, and became a professor of logic at Glasgow (1751), but took up the chair of moral philosophy the following year. In 1776, he moved to London, where he published An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first major work of political economy. This examined in detail the consequence ....

.... chaotic the business world is becoming today, with such large and demanding companies. He believes that there is no way that the CEO's of the past can keep up with such large companies. It is really a pretty simple concept. Five people are going to be more productive than one person is. He uses a metaphor in the article about how one bee is a nuisance, but a swarm is deadly. With the ideas of a whole team rather than one individual, there are almost no limitations as to what they may accomplish. He believes working together in a collaborative manner is going to be the way of the future companies of the world. As with everything in life there are always drawbacks to a ....

.... the office. Affidavits, bills of sale, deeds, leases, mortgages, powers of attorney, propositions, and wills. Tape Shorthand theory means the writing down of dictation from an employer, and then transcribing the material onto sheets with the aid of earphones and computer. Every secretary is required to have a skill speed of 80 WPM before graduating, also when taking the civil service exan. In some offices the dictation is seized by one secretary while the typing is completed by another. Usually larger offices hire clerk typist. It is important that secretaries are capable of reading each others shorthand notes. Every legal secretary works with computers, duplicators, ....

.... to other computer users at there own will for a small connection fee per month, or pay nothing at all. The connection conveniently includes unlimited access to over a million web sites twenty-four hours a day, seven days a week. Since the Internet can be accessed by millions of people all time, it would be a great incentive for such a business like Amazon to do business over the Internet. The Internet can help Amazon in number of extraordinary ways. First, the Internet is an excellent way to make business information available to possible consumers. Say a person hears about a product that Amazon produces and would like to know more information about that product. Well, th ....

.... Product", which is the complete measure of our nations output. Unfortunately, inflation is a major problem in our nation which often reduces the Gross National Product. Inflation occurs when the goods become too high within society and spending decreases. A central function within our economic system is satisfying the needs of the consumers with the use of limited supplies. The purpose of a business is to combine resources such as land, labor, and capital in a way that will make them more valuable. Operating in a political and economic climate that supports individual rights, American business has as its guiding principle the right to private ownership and profit. Th ....