INTRODUCTION Defining and measuring the standard of living The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real national output per head of population or real GDP per capita. This is the value of national output divided by the resident population. Other things being equal‚ a sustained increase in real GDP increases a nation’s standard of living providing that output rises faster than the total population
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Utilitarianism- Journal Questions (Formative Assessment) 1a) What are the strengths of Utilitarianism? 1b) Utilitarianism has several limitations. Identify two limitations and suggest improvements to Utilitarianism that enable it to avoid these limitations. Utilitarianism is a consequentialist theory: it holds that we ought to act in whatever way has the best consequences (i.e. the greatest "utility"). For most utilitarians‚ this means maximising the good and minimising the bad. Utilitarianism
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What are the major limitations of Financial Accounting? Explain with the help of Examples. What are the alternatives to overcome these limitations? Financial accounting can be defined as reporting of the financial position and performance of a firm through financial statements issued to the external users on a periodic basis. It is a field of finance that treats money as a means of measuring economic performance instead of treating it as a factor of production. It encompasses the entire system
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provisions it provides citizens with the ability to hold the state responsible for infringement upon their fundamental rights which subsequently creates an effective system of restraint on government action. However this essay will further highlight the limitations of the Constitution such as its inability to enforce respect for the rights
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Capital Assed Pricing Model‚ widely known as CAPM is essentially an equilibrium relationship between expected return and risk of an asset and that is used in the pricing of risky securities. CAPM is the result of William Sharpe (1964) and John Lintner (1965). Sharpe took the Nobel prize in 1990 for the asset pricing theory. CAPM is used for a range of applications and purposes‚ these include estimating the cost of equity capitals for firms as well as evaluating the performance of managed portfolios
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ON THE LIMITATIONS OF THE FREEDOM OF EXPRESSION 1 Introduction The Constitution‚ Article 3‚ Section 4 provides: “No law shall be passed abridging the freedom of speech‚ of expression‚ or of the press‚ or of the right of people peaceably to assemble and petition the government for redress of grievance. *The Constitution forbids not the abridging of speech‚ but the abridging of freedomof speech. 3 There are several reasons why freedom of expression is guaranteed by the Constitution. For
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John Kotter’s change model The importance is change in business cannot be over stated‚ organizations are continuously battling with ever changing internal and external forces which have direct impact on the success or failure of a business. Often times change is required and the success of the change management is vital to the future‚ health and reputation of the business. Most changes are either underachieved or not completed within budget/time (Change‚ 2009) John Kotter offers eight phases (Kotter
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Stakeholder Theory and Limitation 1. Stakeholder theory is an excuse for managerial opportunism: The core claim is that by providing more groups who management can argue their actions benefit‚ stakeholder theory makes it far easier to engage in self-dealing and defend it than if shareholder theory were the sole purpose. 2. Stakeholder theory is primarily concerned with distribution of financial outputs: This view depicts stakeholder theory as primarily about who receives the resources of the organization
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LIMITATION OF SUPERSCALAR MICROPROCESSOR PERFORMANCE By: - Akshita Banthia (11BCE0475) Abstract In today’s world there is a new form of microprocessor called superscalar. In this several instructions can be initiated simultaneously and executed independently during the same clock cycle. The limitation of this feature is the handling of data dependencies. If not handled effectively‚ execution rate of more than one instruction per cycle is difficult to achieve. This case study uses multi
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M2: Explain the limitations of marketing research used to contribute to the development of Nivea. No matter how small or large a market research project may be‚ any type of research performed poorly will not give relevant results. In fact‚ all research‚ no matter how well controlled‚ carries the potential to be wrong. There are many reasons why research may not give good results but a common problem is deciding whether the research is really measuring what it claims to be measuring. There
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