Qus4. What are the assumptions of MM approach? Ans. Assumption of the MM approach The MM approach to irrelevance of dividend is based on the following assumptions: * The capital markets are perfect and the investors behave rationally. * All information is freely available to all the investors. * There is no transaction cost. * Securities are divisible and can be split into any fraction. No investor can affect the market price. * There are no taxes and no flotation cost. * The firm
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The sensemaking approach is when people or an organization offer a meaning to an experience by making sense of it. It is how they structure things that they don’t know‚ in order to take action on it. When people experience change‚ they face a gap between their expectations and their counterpart experiences‚ and they start to communicate and act in a systematic and structured way in order to make sense of what is happening. According to Fairhurst and Sarr (1996‚ cited in Bean and Hamilton‚ 2006) “To
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accept · Consistency: standards applied similarly to similar cases · Reversibility: standards that apply no matter who "makes" the rules These are‚ in a sense‚ the rules of the "ethics game"‚ no matter which school or approach to ethics one feels the closest identity. The Utilitarian approach is perhaps the most familiar and easiest to understand of all the four approaches to ethics. Whether we think about it or not‚ most of us are doing utilitarian ethics a much of the time‚ especially those of us in
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An exceedingly strong need to achieve‚ as opposed to a need to be liked‚ or to exercise power. The trait of following through on a commitment‚ not quitting half-way through when the going gets tough. In short‚ perseverance. Positive mental attitude‚ or the ability to remain optimistic in difficult situations‚ which is the result of being self-confident about one’s abilities. Objectivity. The ability to accurately weigh and assess risks associated with a particular course of action‚ as well as
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The selected topic is ‘should students with learning difficulties be allowed to participate in the mainstream classrooms?’ This essay discusses two possible solutions for the issue and explicitly presents my personal statement and philosophy in regards to it. This topic is a controversial issue because it considers many conflicting advantages and disadvantages. The ethical principles involved in the topic include caring‚ respect and inclusivity which can be drawn from the Early Childhood Australia
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Comparing and analyzing the biological and humanistic approaches to personality can be a difference of opinions. Abraham Maslow studied the development of personality. Maslow developed his own personality theory based on the basic human needs. His hierarchy of needs pyramid shows the influences of human needs to the formation of unique individual personality. There are biological factors that influence the formation of individual personality that play a factor. By reviewing the relationships
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The Behavioural approach Classical conditioning- Pavlov’s dogs- Procedures and findings-Criticisms Classical conditioning is a technique used in behavioral training. A naturally occurring stimulus is paired with a response. Then‚ a previously neutral stimulus is paired with the naturally occurring stimulus. Eventually‚ the previously neutral stimulus comes to evoke the response without the presence of the naturally occurring stimulus. The two elements are then known as the conditioned stimulus and
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The psychodynamic approach focuses on individuals who behave in a certain way due to having emotional feelings buried deep inside their unconscious mind. The theory was developed by Sigmund Freud who was a psychologist. The use of the psychodynamic approach within health and social care helps individuals understand and support patients who are undergoing the psychodynamic process as it is generally used around the world. This essay aims to show my understanding of the approach and the ways health
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Home Assignment Implementing the Balanced Scorecard to align IT and Business Strategy Contents 1 Introduction 1 1.1 Balanced Scorecard – an overwiev 1 1.2 Course of investigation 1 2 Balanced Scorecard for a better performance 2 2.1 Three key problems 2 2.2 System of Balanced Scorecard 3 3 Components of Balanced Scorecard 4 3.1 The purpose of the implementation 4 3.2 Four Perspectives 4 3.2.1 Customer perspective 5 3.2.2 Financial and economic perspective 5 3.2.3 Internal
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ALCAR approach: the Alcar Group Inc. a management education and software company‚ developed an approach to VBM which is based on discounted cash flow analysis Determinants of shareholder value: according to Alfred Rappaport author of creating share holder value; a guide to managers and investors‚ who is regarded as father of share holder value‚ the following seven factors called “value drivers” affect shareholder value 1. Rate of sales growth 2. Operating profit margin 3. Income tax rate 4. Investment
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