In situations where there is a conflict of interest or a dilemma between an individuals rights and your duty of care it is best practise to make sure the individual is aware of the consequences of their choice and assess whether they have the mental capacity ( mental capacity act ) It is their right as an individual to
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do. There are usually a small amount of large firms and they usually control the market. Competitive firms will use the firms marginal cost to produce the price. The price of the good must be lower than the cost to produce it. To maximize the profits is when the price is equal to the marginal cost of production. The competitive firm must be producing at the point where price equals marginal cost. In monopoly firms they cannot just set a high price for their good because the customers will completely
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The different between negligence and fraud is intention. The critical issue in this case study is the responsibility of auditor. Should Ernst & Ernst be civilly liable for defrauded investors of First Securities Company of Chicago under Securities Exchange Act of 1934 under Rule 10b-5. According to Securities Exchange Act of 1934 under Rule 10b-5‚ plaintiff which was the defrauded investor Hochfelder needed to prove that Ernst & Ernst intentionally manipulate the escrows investors
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the diferences between a hacker and a cracker When the definition between a hacker and a cracker seems cloudy to you remember to look at motivation. A true hacker is a tinkerer‚ one with a curious mind‚ they push to the limits and take things apart in order to further their own understandings. The Cracker may be teaching himself to do more too‚ but his motive is to use what he learns‚ to exploit weaknesses and to do harm. Where the hacker is an explorer‚ the cracker is an exploiter. The hacker
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Shura which means “Consultation” in arabic. The real meaning of shura is the peoples right to take part in the formation of their government and their right to decide their affairs and choose a leader on the merit of his adherence and making him accountable for the decisions they make and creating a condition that would benefit the nation. Both shura and democracy are correlated to each other. Both thereby believe on ruling people on the bases laws rather then ruling individuals or a family of
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discussed with other individuals. I believe when confidentiality is maintained rapport is built between the Social Worker and the client‚ and the lines of communication remain open. If the Social Worker lives in fear that his/her information will spread through the community they will limit the lines of communication or terminate services. Sexual Relationships 1.09 I agree that sexual relationships between clients and Social Workers are inappropriate. A client‚ past or present becomes involved in a
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The Oligarchy of Sparta was more efficient and stable compared to Athens because of its laws‚ structure‚ and culture. The city-state of Sparta had strict laws for the conduct of its citizens which promoted the welfare of the whole community. Athens democracy was constantly voting to enact laws which were often controlled by mob rule. Sparta’s government was controlled by the elites and elders of the community. Athens was ruled by the common man who was ill equipped to rule. Spartan culture was much
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Thomas Jefferson and Alexander Hamilton. Two men who have played a major role in shaping our nation. Like most influential men of that time‚ their ideas did not always flow in the same direction. Although Thomas Jefferson and Alexander Hamilton butted heads‚ they established many of today’s ideals. This essay will describe Jefferson and Hamilton‚ describe how they shaped the political divide as well as why we credit them with the beginning of the two political parties of today. One of the most influential
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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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Profitability Analysis • In the last 5 years we can see the profitability ratios of the company taking a beating. • Especially in the last 2 years‚ these margins have drastically dropped. • As a result of this‚ the company’s profit margins have dipped and in this particular the company has incurred a loss. • As we can see in the graph‚ Net margin ratio has been affected and has seriously dipped in the past years. • Though gross margin and operating margin have looked like increasing‚ these
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