Year 2015, Issue 4
Date published17.12.2015
Table of content
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Sonia Mileva Bojanova
Investments and Threats for Tourism DevelopmentSummary: The topic is extremely important in light of intensification of different types of threats, which ruin all kind of expectations, scenarios and prognosis for tourism development. Dynamics of investments in tourism are analyzed with... The topic is extremely important in light of intensification of different types of threats, which ruin all kind of expectations, scenarios and prognosis for tourism development. Dynamics of investments in tourism are analyzed with special attention on FDI and Bulgarian investments abroad. Among the threats for tourism development the main focus is put on the terrorist attacks, geopolitical uncertainty, crisis and impacts on sector’s recovery. Based on analysis and evaluation main areas for further research on investments and threats for tourism development.DOI: -
Ali Veysel
Audit Sampling for Tests of ControlsJEL: Ì42Keywords: audit sampling, tests of controls, binomial distribution, hypergeometric distribution, Poisson DistributionSummary: The article is dedicated to scientifically grounded choice of the most appropriate approach for implementation of the audit sample for tests of controls. The practical significance of the study is represented by considering the... The article is dedicated to scientifically grounded choice of the most appropriate approach for implementation of the audit sample for tests of controls. The practical significance of the study is represented by considering the nature and application of the tests of controls and by analyzing the selection of items for testing. Special attention is paid to various statistical distributions and formulas that are available in the scientific literature and used by Bulgarian auditors in applying audit sampling. They are compared with the basic settings in the International Auditing Standards. Thus, an approach for applying audit sampling for tests of controls is offered. Practical guidelines on the determination of sample size and results evaluation are given, using functions in Excel and tables developed by the American Institute of Certified Public Accountants. They should be implemented by the auditors to form correct conclusions on the financial information based on the audit standards.DOI: -
Michael Edelstein, Robert Wenzel, Bridgette Salcido
A Response to Walter Block’s “Free Will, Determinism, Libertarianism and Austrian Economics”Summary: The authors respond to Walter Block’s essay: “Free Will, Determinism, Libertarianism and Austrian economics.” Block’s thesis that human behavior is governed by Free Will and naysayers cannot be classified as libertarians is... The authors respond to Walter Block’s essay: “Free Will, Determinism, Libertarianism and Austrian economics.” Block’s thesis that human behavior is governed by Free Will and naysayers cannot be classified as libertarians is disputed. Counterarguments include the observation that humans are not exempt from the causality principle and Spencer, Mises, and Hayek are determinists.DOI: -
Laura Davidson, Walter E. Block
A Critique Of Definitions in Economics from an Austrian Perspective: MicroeconomicsSummary: In the physical sciences, it goes without saying that all practitioners use words in the same manner. A mere verbal dispute would be anathema in this arena of intellectual discourse. There is no dispute, , as to the means of words... In the physical sciences, it goes without saying that all practitioners use words in the same manner. A mere verbal dispute would be anathema in this arena of intellectual discourse. There is no dispute, , as to the means of words such as “gravity,” “mass,” “genus,” “species,” “oxygen,” “x-ray,” etc. Matters are not as salutary in the social sciences. The present paper is an attempt to place economics, the queen of the social sciences, on a par with physics, chemistry, biology, etc., or at least to make an attempt in this direction. Systematic knowledge, the sine qua non of science, requires good communication. But this, in turn, can only be achieved, if its necessary condition is attained: precise definitions. In the present paper, we discuss in this regard the microeconomic concepts of entrepreneurship, monopoly, derps, indifference, development and rent seeking.DOI: -
Snejina Kadieva
Àdditional Sevices in Hospitality as a Tool for Enhancing Customer SatisfactionJEL: M21Keywords: basic and additional hotel services, additional services characteristics, classification, new aspects in offering additional servicesSummary: The article aims at examining the nature, characteristics and classification of additional services in the hospitality industry. Their role and importance for adding value to the hotel product and increasing customer satisfaction... The article aims at examining the nature, characteristics and classification of additional services in the hospitality industry. Their role and importance for adding value to the hotel product and increasing customer satisfaction are outlined. Special attention is paid to the modern aspects in offering additional services. The emphasis is on the effect of introducing digital technology on innovation when offering additional services in the modern hospitality business.DOI: -
Milen Dinkov
Micromanagement in the Organization – as a Form of Control and Management StyleSummary: The article examines the phenomenon “micromanagement” as one of the major disadvantages of management. The characteristics of this style of management and fundamental qualities of micromanagers have been analyzed. Based on the... The article examines the phenomenon “micromanagement” as one of the major disadvantages of management. The characteristics of this style of management and fundamental qualities of micromanagers have been analyzed. Based on the analysis, the causes of micromanagement in an organization and its possible effects on employees’ behaviour and condition have been defined.DOI: