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Here are my curious question and I can’t find the answer in the textbook ,hope tutor can lend me a hand ,I am extremely grateful to you for your help.Thank you 🙂
1)How inflation redistribution income and wealth?
2) Difference between difference between diseconomies of scale and diminishing returns?except for long term and short term aspects
3)difference between ethic dilemma and conflict?
4) non-executive director, internal auditor, external auditor should be categorized in connected or external stakeholders?
5)Difference between Value chain and supply chain ?1 The main effect is that inflation penalises savers because money loses purchasing power and favours borrowers because repaying $10000 borrowed now in 10 years if inflation is 10% will be relatively painless: $10000 to be repaid from a much larger income.
2 Very similar. Google for more.
3 Ethical dilemma is not knowing what to do for the best. Conflict is similaw when there are several altrnative solutions each with good and bad effects.
4 NED internal. IA internal. External connected.
5 Value chain is Porters diagram with primary and support activities. Supply chain is the flow of raw materials and products.
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