Slavery and Liberty – Profit vs. Morality 18th-Century British Writers Speed the Process of Freedom “By the late 18th century‚ over eleven million African men‚ women and children had been taken from Africa to be used as slaves in the West Indies and the American colonies. Great Britain was the mightiest superpower on earth and its empire was built on the backs of slaves. The slave trade was considered acceptable by all but a few. Of them even fewer were brave enough to speak it.” (Amazing Grace
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Proprietorship is a business with one owner who operates the business on his or her own or employ employees. It is the simplest and the most numerous form of business organization in the United States‚ however it is dangerous as the sole proprietor has total and unlimited liability. Self contractor is one example of a sole proprietorship. The advantage of organizing your business as a sole proprietorship is that the process is simple and inexpensive‚ compared to other organizational structures. A sole proprietorship
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profit maximization Definition A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs‚ sale prices‚ and output levels as a way of reaching its profit goal. There are two main profit maximization methods used‚ and they are Marginal Cost-Marginal Revenue Method and Total Cost-Total Revenue Method. Profit maximization is a good thing for a company‚ but can be a bad thing
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‘THE ADVANTAGES AND DISADVANTAGES OF NON-THERAPEUTIC DRUGS” In Partial Fulfilment of the Requirements in English 2 March 2011 “The Advantages and Disadvantages of Non-Therapeutic Drugs” I. History of Non-Therapeutic Drugs A. Definition of non-therapeutic drugs 1. Vitamins 2. Supplements B. Discovery of non-therapeutic drugs 1. Pioneers of the different kinds of vitamins 2. Dates and places where vitamins discovered 3. Discoverers of supplements 4.
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NOT-FOR-PROFIT ORGANISATIONS 13 2 Not-for-profit organisations Key points Many not-for-profit organisations (NFPs) feel they are poorly understood by government and the general public. Pressures to be more efficient have seen overhead spending reduced at considerable detriment to effectiveness and improved resource allocation over time (allocative efficiency). The sector is diverse‚ but NFPs display some common behavioural patterns: – Whereas the behaviour of for-profit business is driven mostly
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Profit maximization and wealth maximization are two distinctive objectives when it comes to financial management. However‚ there are several arguments against and favor of these objectives. There are different opinions about the two objectives and while some people advocate that goal of the financial management should be profit maximization‚ many people are of the opinion that the goal of the financial management should be maximization of wealth management. The limitations of profit maximization
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Nonprofit and For-Profit Organizations? Submitted By: Dietrice Watkins Strayer University For: Professor Gerry Patnode Date June 21‚ 2008 Abstract Academic researchers have not found it important to attempt to complete studies based on leadership in non-profit organizations. A main problem that arises is that people tend to confuse the terms leadership and management with each other. Also leadership researchers tend to associate leadership in non-profit organizations with general
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A View of the Resource/Profit Model: A Non-Profit‚ Service Perspective Parents have long pursued what they consider the best education for their child(ren). However‚ horrific events like the April 1999 school shooting massacre at Columbine High School near Denver‚ Colorado or more recently‚ the March 2009 Albertville Technical High School shooting in Winnenden‚ Germany‚ which left several children dead‚ has prompted more and more parents to seek private‚ parochial‚ or Christian school alternatives
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pursuit of maximisation of profits‚ there seems to be a clear deficit of social values and commitment to serving society. This essay will turn the light on how business organisations’ ultimate aim is to generate profits and CSR activities are secondary if not often ignored. The essay takes the position that CSR initiatives are recently being acknowledged as not only beneficial to society but equally beneficial to business over the long term. The lure of quick profits has now demonstrably hurt the
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had the objective to find hidden profits and losses contained in their current accounting system. The old system did not fully disclose how their costs were applied to the sales accounts. The goals are very sensible as they will allow them to move forward with the proper information. 2. Why did Ridderstråle feel that the previous cost system was inadequate for the new strategy? The new strategy/system was needed “to promote high-margin products to high-profit customers.” The old system didn’t
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