Trident University Module 1 Case Assignment ETH301: Business Ethics After reading over the case study‚ I look back to my childhood when my family was affected by a tornado in our local area. Homes were destroyed and many people were forced to seek housing elsewhere. The hotels/motels in the area jacked prices up considerably‚ which were too expensive for some of the affected families. Looking at this situation from different perspectives will change which ethical theory‚ whether Deontological
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SOURCES OF BANK’S INCOME A bank is a business organisation engaged in the business of borrowing and lending money. A bank can earn income only if it borrows at a lower rate and lends at a higher rate. The difference between the two rates will represent the costs incurred by the bank and the profit. Bank also provides a number of services to its customers for which it charges commission. This is also an important source of income. The followings are the various sources of a bank’s profit: 1
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“Women gained the vote due to their contribution during the war” - how accurate is this statement? Before 1918‚ women did not have equal rights. For example‚ they did not have control in their marriages or any reasonable say in how their country was run. Women were seen as too stupid or emotional to make any rational decisions in important political matters. There is much debate over what actually improved views on women enough to allow them the vote in 1918‚ when the government decided that including
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1. What did the Apostles contribute for the growth of the early church? St. Peter‚ one of the apostles and also the first pope‚ established the church of Antioch for seven years presiding as the city’s bishop and preached to scatter communities of believers. These believers include the Jews‚ the Hebrew Christians and the gentiles who live in Pontus‚ Galatia‚ Cappadocia‚ Asia Minor and Bithynia. Also‚ the author of the Acts of the Apostles portrays Peter as a very important figure within the early
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Types of volcanism associated with plate margins There are two types of plate margin. When there is a boundary between two diverging tectonic plates‚ such as between the North American and Eurasian plates‚ it is known as a constructive plate margin. This is because it recognises the importance of magma rising up from the mantle to create new crustal rock. The boundary between two converging plates is known as a destructive plate margin‚ as it is responsible for more violent seismic activity‚ volcanoes
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Accounting for Income Tax The standard prescribes the accounting treatment for income taxes is AASB 112 AASB 112 is based on a balance sheet approach to account for income taxes and it covers: • the accounting treatment of current and deferred tax expenses; • recognition and measurement of current tax assets and liabilities; • recognition and measurement of deferred tax assets and liabilities; • the accounting treatment of the tax consequences of various transactions and events‚ including
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following figures refer to elements in its national income accounts. | |£ billions | |Consumption (total) |60 | |Investment |5 | |Government expenditure |8 | |Imports |10 | |Exports |7 | (a) What is the current equilibrium level of national income? (b) What is the level of injections
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National Income is defined as the sum total of all the goods and services produced in a country‚ in a particular period of time. Normally this period consists of one year duration‚ as a year is neither too short nor long a period. National product is usually used synonymous with National income. Concepts of National Income There are different concepts of National Income‚ namely; GNP‚ GDP‚ NNP‚ Personal Income and Disposable Income. Gross National Product (GNP) GNP at market price is sum total of
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In economics‚ the terms circular flow of income or circular flowrefer to a simple economic model which describes the reciprocal circulation of income between producers and consumers.[1][2] In the circular flow model‚ the inter-dependent entities of producer and consumer are referred to as "firms" and "households" respectively and provide each other with factors in order to facilitate the flow of income.[1] Firms provide consumers with goods and services in exchange for consumer expenditure and "factors
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$230‚000 per year‚ covering both stand-by duties and normal duties‚ gives rise to assessable income.1 Nonetheless‚ her normal travel expenses from home to the place of employment or business are not deductible under Section 8-1 as such costs are not qualified to satisfy the positive limb of the general deductions provisions‚ that is‚ they are not sufficiently related to the production of assessable income.2 Rather‚ the normal travelling expenses are incurred because of a private choice to live somewhere
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