Under the traditional economic understanding‚ it is always assumed that profit maximization is treated as the main goal or objective for businesses‚ subject to perfect knowledge‚ single entity and rational logic. However‚ as illustrated by the principal-agency problem‚ managers do not usually make rational decision entirely like owners who take company interest as their sole basis for their decisions. Past examples have shown that managers do take their own personal goals and satisfactions as consideration
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In Psychology‚ it is important to be able to critically evaluate a claim about human behavior. I evaluated many different articles in this course and had to determine if they are creditable or not. Critical thinking helped me throughout this course in order to prove creditability on articles discussing human behavior. Over time I gained more knowledge when it comes to evaluation a claim. This is an important skill to have and is extremely useful in this course. To begin with‚ my major writing assignments
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Functionalism and crime: In this essay I will be talking about the functionalist perspective on crime and deviance and be comparing it with the Marxist view. The main functionalist theories I will be examining are Merton’s strain theory‚ Cohen’s status frustration and Cloward and Ohlin’s three subcultures. Functionalists argue that crime and deviance is useful and necessary in society as they reinforce the consensus of values‚ norms and behaviour of the majority non-deviant population. Functionalists
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processed and integrated to manipulate projections for different departments. Finance develops a long term forecast to evaluate the investment needs and capital; Marketing develops a mid-term forecast projecting sales; Operations produces a forecast to make decisions on short term scheduling‚ inventory management and long term capacity planning and Human Resources uses the forecast to evaluate personnel needs. Though each department could use a different forecasting model depending on the time horizon and
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The heart of the emancipatory theory of Marxism is the idea that the full realization of human freedom‚ potential‚ and dignity can only be achieved uner conditions of “classlessness – the vision of a radically egalitarian society in terms of power and material welfare within which exploitation has been eliminated‚ distribution is based on the principle “to each according to need‚ from each according to ability” and the control over societ’ys basic productive resources is vested in the community rather
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Erik Erickson is possibly the best known of Sigmunds Freud’s many followers. He grew up in Europe and spent his young adult life under the direction of Freud. In 1933 when Hitler rose to power in Germany‚ Erikson emigrated to the United States and began teaching at Harvard University. His clinical work and studies were based on children‚ college students‚ victims of combat fatigue during World War two‚ civil rights workers‚ and American Indians. It was these studies which led Erikson to believe that
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Structural functionalism‚ or simply functionalism‚ is a framework for building theory that sees society as a complex system whose parts work together to promote solidarity and stability.[1] This approach looks at society through a macro-level orientation‚ which is a broad focus on the social structures that shape society as a whole‚ and believes that society has evolved like organisms.[2] This approach looks at both social structure and social functions. Functionalism addresses society as a whole
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WHAT IS RATIONAL CHOICE THEORY? An economic principle that assumes that individuals always make prudent and logical decisions that provide them with the greatest benefit or satisfaction and that are in their highest self-interest. Most mainstream economic assumptions and theories are based on rational choice theory . Or Rational choice theory is the idea that people tend to make choices in a way that maximizes their advantage while minimizing the cost. Using this theory‚ economists‚ political scientists
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Explain and Evaluate Critically Malthus’s Population Theory. In 1798 Thomas Robert Malthus‚ a British clergyman and professor‚ wrote an essay showing the way to modern demography. In 1824 he wrote a shorter final version‚ the article on population for that year’s Encyclopedia Britannica. Malthus has been criticized for his lack of scientific foresighthe did not foresee modern advances leading to increased life expectancy‚ food production and birth control. He has been criticized for his
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Critically evaluate essentialist approaches to the theorisation of sexuality. Essentialism argues that there are ‘real’ and categorical sexualities in the world and that each of these sexualities can be described definitively according to a set of characteristics or properties‚ e.g. a man that has sexual intercourse with another man fits the category of homosexual (Hammack‚ 2005). This conceptualises sexuality in terms of ‘sexual orientation’‚ assuming that no sexual orientation; whether homosexual
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