Essay: “what are advantages and disadvantages of ethical behavior in business?” Business Ethics Some commentators‚ such as Milton Friedman‚ believe that the "primary and only responsibility of business is to make money" while abiding by the law. Supporters of this point of view argue that companies’ self-interested pursuit of profit benefits the whole of society. Profitable businesses clearly benefit shareholders‚ but other commentators‚ such as Edward Freeman‚ argue that businesses should also
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1. What are the advantages and disadvantages of financial risk management? Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk. Similar to general risk management‚ financial risk management requires identifying its sources‚ measuring it‚ and plans to address them. Financial risk includes various categories such as credit risk‚ market risk‚ liquidity risk‚ operation risk and reputation risk. These are risks
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Math 143 – ANOVA Analysis of Variance (ANOVA) 1 Recall‚ when we wanted to compare two population means‚ we used the 2-sample t procedures . Now let’s expand this to compare k ≥ 3 population means. As with the t-test‚ we can graphically get an idea of what is going on by looking at side-by-side boxplots. (See Example 12.3‚ p. 748‚ along with Figure 12.3‚ p. 749.) 1 Basic ANOVA concepts 1.1 The Setting Generally‚ we are considering a quantitative response variable as it relates to one or
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The early 1980s and 1990s saw the emergence of New Public Management (NPM) theory of running public organizations. This concept originated from the UK and USA during the times of Margaret Thatcher and Ronald Regan. It has since been implemented in other OECD countries like Canada and New Zealand. In Australia NPM was introduced by the Hawke-Keating Governments (1983-96) and extended by the Howard Government (1996-2007). The governments of the time‚ increasingly under political pressure to cut down
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What are the advantages and disadvantages of the Matrix form of structure? Organisational structure refers to the way that tasks and responsibilities are allocated to individuals and the ways that individuals are grouped together into offices‚ departments‚ and divisions. Mangers often describe their organisation by drawing an organisation chart which shows the structure of an organisation and the relationships and relative ranks of its profits and positions. When small businesses are started
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What are the advantages and disadvantages of using the mobile phone today ? It can be widely acknowledged that mobile phones have became a necesity nowadays being a fundamental part of technology’s evolution and progress. This magic device was first invented in the late 80’s being very special‚ rare and really expensive at that time. Using a mobile phone nowadays implays a lot of advantages and disadvantages. Talking about the positive side‚ a major benefit of using mobile phones nowadays
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Plant tissue culture is a widely used procedure in plant biology in which organism is planted from the explants of the living plants in a nutrient medium under aseptic conditions. There are both advantages and disadvantages of plant tissue culture. Advantages: 1. To produce many copies of the same plants then which may be used to produce plants with better flowers‚ odors‚ fruits or any other properties of the plants that are beneficial to the human beings. 2. To produce plants anytime we want
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and the South‚ both sides believed that they would prevail in short order; very few on either side envisioned a bloody four-year war that would pit brother against brother. In retrospect‚ it is very easy to say that the North possessed the greater advantage‚ but in 1861‚ the distinction was not as clear as both the North and South possessed _______________________________________. At the outbreak of the war‚ the South did seem to have great advantages to many. First and foremost‚ the Southerners
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1. The need being met by JetBlue is mainly transportation. In today’s world consumers need to be able to travel long-distances quickly and JetBlue’s practices ensure customer comfort/satisfaction along the journey. The wants of JetBlue’s customers are to safely and quickly travel on an airplane. They also want to be comfortable and treated well. JetBlue accomplishes this by providing leather seats and entertainment with great customer service. The demands of this airline’s customers are pretty
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1. What five questions typically are used in fact-finding? What other question does the Zachman Framework include? Is the additional question important? • The five typical fact-finding questions used are what‚ who‚ when‚ where‚ and how. The Zachman Framework says you should also ask why. Yes‚ it is important to know why to understand how everything works and fits together. 3. What are JAD and RAD‚ and how do they differ from traditional fact-finding methods? What are the main advantages of team-based
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