Definition of Tax ; The word ‘tax’ has been derived from the French word ‘taxe’ and the Latin word ‘taxare’ which means ‘to charge’. Tax is a contribution exacted by the state. It is a non-penal but compulsory and unrequited transfer of resources from the private to the public sector‚ levied on the basis of predetermined criteria. According to P. E. Taylor‚ “ Taxes are compulsory payment to government without expectation of direct return in benefit to the taxpayer. According to
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The Definition of Beauty When do we say “beauty” what comes to your mind first? Actually‚ beauty is a combined with qualities‚ such as shape‚ color‚ or form that pleases the aesthetic senses‚ especially the sight. However‚ I bet most will not say outer beauty‚ how a person looks‚ dresses and smells. For me‚ beauty is all on the inner side‚ which is specifically having a good heart and integrity of the spirit. That is what many people look at once they see Oprah Winfrey. There is still the fact
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Definition of Sport Sport is part of a broad range of activities encompassed by the term leisure and undertaken in what we would describe as our leisure time. Defining leisure is a difficult thing to do since it depends to an extent on the perceptions of the individual participants. The same activity can be leisure to one person but not to another. The European Sport for All Charter (Council of Europe‚ 1980) divided sport into four broad categories. | |
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Art‚ like most things‚ is in the eye of the beholder. It can be everything‚ but it can also be nothing depending on the status of the artist. Life is made up of art and artistic values‚ and the unfortunate thing about it is that hardly anyone will notice. Art itself is the purest form of expression‚ and it can be expressed in three different ways: physically‚ emotionally‚ and spiritually. Physical art is art that can be measured by one of the five senses‚ typically sight‚ and is created by hand
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Definitions Paper OI/361 Innovation‚ Design‚ and Creativity for a Competitive Advantage March 18‚ 2013 Innovation is important for progress. Without companies and people to drive new ideas in the workplace there would not be progress. The American Heritage Dictionary defines innovation states‚ “The acting of introducing something new” (American Heritage Dictionary 2008). Many forms of innovation exist‚ however‚ in business it is link to the sharing of information
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Examine religious and secular beliefs regarding the value of human life (AO1-45 MARKS) The value of human life is a concept which is interpreted in many different ways within religion and with secular communities. For example Christianity holds strong belief in concepts such as Imago Dei and the sanctity of life. Christians also hold strong belief that we are given value in terms of free will and a god-given soul. Alternatively‚ humans are given value in the Buddhist faith through the process of rebirth
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. To find the PVA‚ we use the equation: PVA = C({1 – [1/(1 + r)]t } / r ) PVA = $60‚000{[1 – (1/1.0825)9 ] / .0825} PVA = $370‚947.84 The present value of the revenue is greater than the cost‚ so your company can afford the equipment. 7. Here we need to find the FVA. The equation to find the FVA is: FVA = C{[(1 + r)t – 1] / r} FVA for 20 years = $3‚000[(1.08520 – 1) / .085] FVA for 20 years = $145‚131.04 FVA for 40 years = $3‚000[(1.08540 – 1) / .085] FVA for 40
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What is an Organization? by Sumitava Mukherjee “An Organization is a system of consciously coordinated activities or efforts of two or more persons”.- Chester Barnard‚ Management Consultant. This definition of Barnard implies formal planning‚ division of labor and leadership. Organizations can also be thought as “social entities that are goal directed‚ deliberately structured activity systems with a permeable boundary” according to Bedeian and Zamnuto. There are a couple of things to be noted. If
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Distinguish between altruism and prosocial behaviour. • Pro-social behavior: behavior that benefits another person or has positive social consequences Definition is vague because it discusses the outcome but not the motivation e.g. When we offer sympathy to a friend that is upset or refrain from dropping scolding a person for doing something wrong. • Altruism: when one helps another person for no reward and even at some cost to oneself. It is a type of “helping behavior”(intentionally
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Ethical Issue Ethics as the word implies is the philosophical analysis of human morality and conduct. And‚ therefore‚ we say that the moral principle of one nation may not be the same of others. Or it may be of a different thing to different individuals in some cases. But is this inference correct? When I was driving in Australia during my tertiary education between the years 1965-1970‚ it would be an ethical courtesy to always let the right side of your traffic pass first when you reach a junction
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