Topic: Does a business have any social obligation beyond profit motive? Sources Used: Arthur Miller‚ All My Sons‚ Ferdinand Tonnies‚ The Argument The Ethics of Business‚ The Economist Profit Motive‚ The Guardian Consideration of social responsibility is an important concern for the successful operation of a business. A business can be structured with the sole intention of maximizing profit‚ or it can be structured in a way in which social obligation beyond profit is considered. The two
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Topic 1 : Work ethic Introduction In a knowledge-based economy‚ we spend more time at work than we spend anywhere else in our lives. Money is perceived to be the key motivating factor and the most prominent feature for work. Work has historically been thought of as a job‚ how to make some original contribution to the world‚ and in the process not to starve. One of the reasons behind why people work is: the moral necessity to work. We will access about the concept of a ‘work ethic’ and the various
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forces and personal feelings. (Sayre) The textbook‚ A World of Art‚ provides several examples for each of the four roles that artists assume. The book mentions Picasso’s‚ Les Demoiselles d’Avignon‚ as an example of personal feelings and spiritual truths. He was able to find freedom of expression from both current‚ and classical French influences‚ and was able to make his own path. (Pablo Picasso). The text cites the coffin by Kane Kwei as a functional object with an elevated meaning. At first
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The Bible and Accounting Ethics The Bible and accounting have numerous similarities when it comes to ethics. First‚ let us take a look at the definition of ethics; “ethics are the beliefs that distinguish right from wrong. They are accepted standards of good and bad behavior” (Wild‚ p.8). Therefore when comparing the two we are able to distinguish certain verses in the bible‚ with the code of ethics in accounting that are recognized in the accounting industry or any industry at that. There are
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Assignment: Maximizing Profits in Market Structures Paper XECO/212 University of Phoenix The structure of a market is defined by the number of firms in the market‚ the existence or otherwise of barriers to entry of new firms‚ and the interdependence among firms in determining pricing and output to maximize profits. This paper covers the following: the advantages and limitation of supply and demand‚ the characteristics of each market structure‚ the barriers to entry and how
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Assessment of ethical values of students and its impact on their work ethic Minoo Ghoreishi‚ Millersville University of PA Dariush Rezaei‚ Kent State University Abstract The purpose of this study is to assess ethical values of college students and employees. This paper examines recent occurrences in unethical activities of American corporations‚ evaluate students’ ethical values‚ and compare it to the ethical values of employees. The results of this research indicated that some
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1. Introduction In recent years the field of robotics is mainly focused on industrial environments due to resource and productivity and changing human mind issues. Today’s businesses are facing increased competition and are under pressure to cut costs. They face escalating labour‚ energy or material costs and are concerned about their business’s environmental impact. Robotics is a powerful tool to address these pressures and sharpen their competitive edge. Robotics has come a long way in the last
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Congratulations‚ you are now in charge of a $100‚000‚000 corporation. Your company manufactures sensors. Sensors are devices that observe physical conditions. Your sensors are installed into the products your customers sell. Sensors are everywhere. Almost any product that has an automated function requires some sort of sensor. Your company was created when the government split a monopoly into identical competitors. When the company was a monopoly‚ operating inefficiencies and poor product offerings
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that its not always about immediate profit. The purpose of business is to prolong your business while making a solid profit each year. If you make 100‚000 dollars for 3 years that does not exceed what your profits would be if you made 75‚000 dollars a year for 25 years. The peace of mind alone knowing you have a trust worthy business partner as well as a set in stone job/business for your lifetime and retirement is often a lot more rewarding than a quick buck. I have been taught by my father as well
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The Ritz-Carlton Hotel Company‚ L.L.C. What value does a focus on the Gold Standards have for The Ritz-Carlton Hotel Company? The Ritz-Carlton Hotel Company aims to succeed in one of the most logistically complex service businesses. Targeting primarily industry executives‚ meeting and corporate travel planners and affluent travelers‚ the Atlanta based company manages 25 luxury hotels that pursue the distinction of being the very best in each market. It does so base on the strength of a comprehensive
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