http://www.law.cornell.edu/wex/employment-at-will_doctrine This refers to the presumption that employment is for an indefinite period of time and may be terminated either by employer or employee. This is the historical approach that courts have taken in interpreting employment relationships. Given the unequal bargaining power between employees and employers‚ critics of this doctrine have noted its overly harsh results and have looked to unions‚ acting as certified representatives of employees‚
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Ordinal utility theory:- it argues that a consumer cannot measure satisfaction numerically or subjectively instead she can rank the different baskets or bundles so as to choose the best basket. and theories of utility Utility is usefulness‚ the ability of something to satisfy needs or wants.[1] Utility is an important concept in economics and game theory‚ because it represents satisfaction experienced by the consumer of a commodity or a "good". Not coincidently‚ a good is something that satisfies
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Critically evaluate the comparative transnational effectiveness of Benetton and Zara Zara and Benetton are two of the most acknowledged clothing companies in the fast fashion industry. The different international business strategies they adopt result in different transnational effectiveness. To begin with‚ this essay will give a brief overview of the motivation‚ means and mentality of these two companies‚ and then compare how they sustain their competitive advantages through integration‚ responsiveness
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Answer 1. At-will employment is a doctrine of American law that defines an employment relationship in which either party can break the relationship with no liability‚ provided there was no express contract for a definite term governing the employment relationship and that the employer does not belong to a collective bargaining group. Employment‚ according to doctrine‚ is an “at-will’ relation that comes into existence when two parties willingly enter into an agreement and the relation continues to
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Critically evaluate McGregor ’s Theory X and Theory Y. How far is it applicable to management and employee motivation in contemporary Chinese organizations? During the 1960s the number of psychologists invented motivational theories‚ which aimed to increase organizations’ productivity. One of those is McGregor’s Theory X and Theory Y‚ in which he claimed that people can be managed in two extremes‚ based on the grounds of their needs. After publishing his work had a significant impact on management
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The Utility Concept in Economics I. Background. Utility is a measurement of consumer preferences made under a variety of assumptions with respect to the decision context being studied. The point of the utility measurement is to enable the study of behavior within the framework of the assumptions made in a fashion that takes advantage of mathematical tools. There are three decision frameworks: Certainty: The consumer knows without risk or uncertainty the outcome of making a choice. Choices
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legal or illegal and not to break the law‚ it also helps securing the company from fraudulent or unlawful actions. Assignment 1 primarily deals with key elements of Contract Law. In the assignment main parts of any contract and various types of business contracts will be considered‚ and such topics as „What makes a valid contract?“ will be discussed. Rules of offer and acceptance as well as rules of intention and consideration will be viewed in terms of specific situations. At the same time‚ theoretical
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Critically evaluate the case for social partnership between unions and employers The concept of social partnership originates from the Rhenish model of industrial relations. It has passed in to the British lexicon through the European Union. At a European level the social partners are trade unions and employers federations. However in the UK the employers peak federation the CBI has indicated that it is unwilling to fulfil such a role at a national level. Instead the Anglo-Saxon model of social
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nal utility Download Handbooks about Grundfos Water Utility Solutions. Wherever Water Matters... water-utility.grundfos.com • Introduction to Economics Learn Economic Principles online at Mises Academy. Enroll Today! Academy.Mises.org • Study in UK Masters Courses from Top UK Univ. Register Now & Get Expert Advice! StudyPlaces.com/Study-UK • LiDAR Mapping Specialists DigitalWorld Mapping‚ high accuracy high resolution‚ anywhere
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friendship of utility Aristotle’s second type of friendship is the friendship of utility. In a friendship of utility‚ “people love one another because they are useful and only in so far as they are useful” (116). A damaged friendship of utility can be repaired with monetary compensation for the damage that was done – since all utility eventually amounts to money anyway. A friendship of utility will naturally end when one or both members stop being useful to the other. Aristotle says that utility constitutes
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