means that it judges the morality of an action based on the consequences that follow from it rather than on external moral duties. Philosophers who adhere to utilitarianism regard the maximisation of utility as the key determent for understanding whether an action is right or not . In this essay I will argue that the amount of utility produces by an action is not an ideal way of determining its morality. This will be done by firstly clarifying the meaning of the term utility and then examining the
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SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA: THE PROBLEMS AND PROSPECTS. By Abiodun Fatai1 Department of Political Science‚ Faculty of Social Sciences Lagos State University‚ Ojo‚ Lagos Nigeria. ABSTRACT Small and medium scale enterprises have long believed to be catalysts for economic growth and national development both in developed and developing countries. In Nigeria where private sector is not well developed SME is assumed to play the role of employment generation‚ facilitator of economic
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CENTRAL BANK OF NIGERIA SEMINAR ON SMALL AND MEDIUM INDUSTRIES EQUITY INVESTMENTS SCHEME (SMIEIS) Publication of CBN Training Centre‚ Lagos NO. 4 Central Bank of Nigeria (CBN) Published 2003 All rights reserved. No part of this publication may be reproduced‚ transcribed‚ translated in any other language‚ stored in a retrieval system or transmitted in any form or by any means‚ electronic‚ mechanical‚ magnetic‚ chemical‚ photocopying‚ recording‚ manual or otherwise‚ without the prior permission
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Factors that determine investment: 1. Marginal efficiency of capital:- The marginal efficiency of capital is called the expected return of capital or expected rate of profit on an investment. PV = R + R + R + …………… + R (1+i) (1+i) (1+i) (1+i) Keynes define the marginal efficiency of capital as “ MEC is being equal to that rate of discount which make the present value of
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Tata Power Company Limited “The signing of the financing agreements for Mundra UMPP is an important milestone. The good response demonstrates the faith of the lenders in our execution capabilities and expertise to complete the project in time. The terms of debt financing provides us long tenure of loans supporting our competitive bid price assumptions.” – Mr. Prasad R. Menon‚ Managing Director‚ Tata Power On April 24‚ 2008 The Tata Power Company Limited (TPCL)‚ India’s largest private power company
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Music as a Controversial Medium of Communication Society has perfected the ability to make a connection between multiple things. Through association many are able to trigger thoughts or ideas that are somehow related to the initial statement or idea that was presented. Music is a prime example of how society has directly connected subcultures to the capitalist world. There are soundtracks that trigger movies‚ theme songs that remind people of television shows‚ there are even jingles that remind
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and used in the hydrolysis of glucose-6-phosphate (G6P). This catalyst the final step in glycogeneogeneis and glycogenolysis which is the key point of homeostatic regulating the blood glucose levels in our bodies. In the experiment‚ we will determine the activity of G6Pase. Frist‚ we will extract the G6Pase from pig liver sample. Then‚ we will assay for the liver G6Pase by enzymatic digestion and phosphate determination. Finally‚ we will measure the amount of protein present in the G6Pase by
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PROJECT TOPIC : SMALL AND MEDIUM SCALE ENTERPRISES DEVELOPMENT IN NIGERIA (A Case Study of Cassava Processing Industry) PROJECT PROPOSAL BACKGROUND TO THE STUDY Interest in the development of small and medium-sized enterprises (SMEs) and their contribution in the development process continue to be in the forefront of policy debates in developing countries. The advantages claimed for SMEs are various‚ including: the encouragement of entrepreneurship; the greater likelihood that SMEs will utilise
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Decisions Determine Destiny In high school‚ the opportunity to do things such as drugs‚ or alcohol presented itself. The way I was raised and with my beliefs in the LDS religion I would never do something like that. Therefore‚ I always thought‚ “If I drink or smoke‚ how will I will be able to teach my kids not to do so?” I do not want my kids saying to me‚” Dad‚ since you did that stuff‚ why can’t I?” Being an example is so important these days and I believe that the world around us is becoming
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Name: Neal Date: 11 Oct‚ 2010 Financing Small and Medium Enterprises Introduction: Cash is like the blood in human body for all companies. So‚ the problem of financing is one of the most important issues in company operations. Appropriate and healthy sources of capital is the primary issue for an enterprise‚ especially for the SMEs. As policy‚ the reasons for their ideas‚ and SMEs’ own flaw‚ so that the financing channels for SMEs is relatively narrow
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