Normative Theories Application Normative ethical theories can generally be divided into three types: teleological‚ deontological‚ and virtue ethics. The first two types are considered as action-based theories because they focus entirely upon the actions which a person performs. The last one focuses on training decision maker’s character. Teleological theories are characterized focus primarily on the consequences. In order to make the correct ethical decisions‚ decision-maker has to evaluate
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What are the Classical Country-Based Trade Theories? This was one of the first theories of international trade. They focus on the individual country in examining patterns of imports and exports. These theories are useful in describing trade for commodities. This is because they are standardized and undifferentiated type of goods and services that focus mainly on price. Mercantilism This theory was developed in the sixteenth century and states that a country’s wealth is determined by
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HECKSCHER-OHLIN THEORY In the early 1900s an international trade theory called factor proportions theory emerged by two Swedish economists‚ Eli Heckscher and Bertil Ohlin. This theory is also called the Heckscher-Ohlin theory. The Heckscher-Ohlin theory stresses that countries should produce and export goods that require resources (factors) that are abundant and import goods that require resources in short supply. This theory differs from the theories of comparative advantage and absolute advantage
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to Socrates‚ the theory of recollection is that all knowledge is known from previous experience. His belief is that we already know everything and have known it since we were born‚ we simply recall these facts from memory when we re-learn them. It begins when Socrates seeks the true definition of virtue‚ and Meno wonders whether or not it is a trait that can be taught. Meno and Socrates have trouble getting to the root of the definition when Meno presents Socrates with a paradox. Meno asks Socrates
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On Criminal Law–Theories of Punishment July 22‚ 2009 In my criminal law class at law school‚ we discussed four basic theories of “why we punish”: deterrence (“to keep them from doing it”)‚ incarceration (“to keep those who do it away from us”)‚ rehabilitation (“to help them stop doing it”)‚ and retribution (“because they deserve it”). Any punishment should fall in line with your basic theory of punishment. It seems to me that each theory of punishment‚ when applied and examined‚ ends up needing
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THE IT PRODUCTIVITY PARADOX – EVIDENCE FROM THE UK RETAIL BANKING INDUSTRY ABSTRACT This article addresses causes of the so-called ’Information Technology Productivity Paradox ’ in the context of UK retail banks. It investigates why massive investments by retail banks in information technology are not being translated into significant productivity gains‚ given that successful implementation of new technology is particularly important in increasingly competitive banking environments
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Theory X‚ Theory Y by Douglas McGregor is a motivation theory. Douglas McGregor is a social psychologist and applied two sets of assumptions to the organizational structure called Theory X and Theory Y. His theory is based on managerial views of human beings. In his book‚ The Human Side of Enterprise‚ he outlined a new role for managers. He stated that managers should assist subordinates in reaching their full potential‚ rather than commanding and controlling. Theory X is negative and Theory Y can
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Philosophy Ego Theory and Bundle Theory Derek Parfit’s views on personal identity and the Ego and Bundle Theory are all summarized in his article “Divided Minds and the Nature of Persons”. In his article‚ Parfit explains the distinction between Ego theory and Bundle theory and provides several arguments against Ego Theory. Although it proves to be very difficult to believe the Bundle Theory‚ Parfit’s critique is convincing and well thought out. In order to defend the Bundle Theory of personal identity
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CHAPTER 10 Conflict Theory A. Oberschall This essay covers three broad topics. First‚ there has been renewed debate about human nature and the roots of intergroup violence and warfare in evolutionary biology‚ in psychology‚ and in anthropology. The “ordinary man” hypothesis explains why and how humans justify and participate in violence and atrocities. Second‚ in addition to interstate wars‚ political scientists have been studying insurgencies‚ ethnic cleansing‚ civil wars‚ genocide‚ ethnic
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1. What is a scientific theory? Please cite a definition you like. As Watson stated in "The Value of Theories"‚ a scientific theory is a systematic explanation that unifies various observed phenomena and facts. Based on observations we make‚ science operates under theories which are constantly revised and checked by experiment. A scientific theory also possesses many vital qualities for true understanding. 2. What is the difference between a scientific theory and common sense ideas about the same
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