To what extent are democracy and dictatorship different? In order to answer this question we must first examine the generic basis of both democracy and dictatorship separately. The term democracy originates from the Greeks‚ and is defined as “rule of the people” coming from the words “demos” (people) and “kratos” (power). It was coined around 400 BCE‚ to denote the political systems then existing in Greek city-states‚ notably Athens. Commonly‚ two forms of democracy are recognised‚ these being
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What is Accounting Ethics? The term accounting ethics are formed by the combination of two different words‚ namely accounting and ethics. Fortes‚ (2011) believes that ‘accounting is the collection‚ measurement‚ analysis and reporting of events in financial terms.’ While Karthik‚ (2010) believes that ‘ethics in its broader sense‚ deals with human conduct in relation to what is morally good and bad‚ right and wrong. It is the application of values to decision-making. These values include
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LECTURE 8 STOCK VALUATION CLASS QUESTION 8 1. Dividend yield example: If two companies both pay annual dividends of $1 per share‚ but ABC company’s stock is trading at $20 while XYZ company’s stock is trading at $40. In which company would an investor prefer to investment based on its dividend yield? 2. If the stock market is semi-strong efficient‚ which of the following statements is correct? a. All stocks should have the same expected returns; however‚ they may have different realized returns
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What is Welfare Fraud and who’s paying the price? What is Welfare Fraud and who’s paying the price? Welfare fraud is misuse of various welfare programs; the people who suffer the most from this are the ones who should get benefits but can’t because there is no more funds available and the taxpayers who pay for it. Basically fraudsters withhold certain information or provide inaccurate or false information to receive benefits. The three most common types of welfare fraud are purposely providing
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What ’s Entertainment? Notes Toward a Definition 1 Stephen Bates and Anthony J. Ferri What’s Entertainment? Notes Toward a Definition Introduction Entertainment has been a part of all cultures‚ from the Chauvet Cave paintings to the iPad. For Rothman‚ it is “the storehouse of national values” (xviii). Perhaps nowhere is that observation more apt than in the United States‚ a nation that Gabler terms a “republic of entertainment” (11). Many Americans seem to feel entitled to high-quality
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What is Public Administration All About? Public administration is a large discipline in which employees manage local‚ city‚ state‚ and federal government functions. These workers set goals and employ strategies to ensure the government or community runs smoothly and safely. Those in public administration are responsible for community programs‚ nonprofit management‚ economic development‚ urban/regional planning‚ and budget planning at the city‚ state‚ or federal level. Graduates of this field will
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Essay 2 Doing something for the right reasons can never be wrong. If doing something for the right reasons‚ means doing something that is considered the morally necessitated action. In everyday circumstances‚ it is considered morally wrong to kill a fellow human being. But this does not therefore mean‚ killing a fellow human being is always wrong‚ there may well be circumstances in which doing so; is considered the reasonable and morally right action. One may be put in a situation where the only
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What is Contract? Discuss Essentials of Contact. According to Section 2 (h) of the Indian Contact Act‚ 1872‚ "A contract is “an agreement enforceable by law”. A contract therefore‚ is an agreement the object of which is to create a legal obligation i.e.‚ a duty enforceable by law. From the above definition‚ we find that a contract essentially consists of two elements: (1) An agreement and (2) Legal obligation i.e.‚ a duty enforceable by law. As per section 2 (e) "Every promise and every set of
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edu/~irelandp/ec261.html Chapter 3: What Is Money? 1. Meaning of Money 2. Functions of Money Medium of Exchange Unit of Account Store of Value 3. Measuring Money Theoretical Measures Empirical Measures Federal Reserve’s Monetary Aggregates This chapter begins by defining money in basic terms. It then discusses the various functions of money in the economy as a whole. Finally‚ it considers how economists and the Federal Reserve measure money in the US economy. 1 Meaning of Money Money = anything
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Personality: What makes you the way you are? - Science News - The Independent At some point in your life‚ you ’ve probably filled in a personality questionnaire ("Do you see yourself as....?")‚ and wondered as you ticked the boxes if there can really be any validity to such a simplistic way of assessing people. Surely the scores just reflect your mood on the day‚ or what you want the investigator to think. Surely everyone gives the same answer‚ which is "it depends". Or even if the scores measure
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