or work slowly to protect his own best interests 3. Inefficient rule of thumb methods‚ which were almost universal in all trades‚ which cost much wasted effort In this section‚ Taylor explained his principles of scientific management. Taylor ’s scientific management consisted of four principles: 1) Replace rule of thumb work methods with methods based on a scientific study of the tasks. 2) Scientifically select and then train‚ teach‚ and develop the workman‚ whereas in the past the employee
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The term “Machiavellian” was adopted in the sixteenth century and was often used to introduce political tracts that offered more than just reasons of state. Today we use Machiavellian to describe a person who deceives and manipulates others for a personal good‚ like Iago in Othello. The actions that are taken by Iago are the ones that affect the results like in Machiavelli’s know book of the The_ Prince_‚ where the prince retains control of his realm. He focuses primary on the assumption that a prince
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Principle of Double Effect An action that is good in itself that has two effects--an intended and otherwise not reasonably attainable good effect‚ and an unintended yet foreseen evil effect--is licit‚ provided there is a due proportion between the intended good and the permitted evil. When there is a clash between the two universal norms of "do good" and "avoid evil‚" the question arises as to whether the obligation to avoid evil requires one to abstain from a good action in order to prevent a
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UNIVERSITY OF LONDON 279 0025 ZA 996 D025 ZA BSc degrees and Diplomas for Graduates in Economics‚ Management‚ Finance and the Social Sciences‚ the Diploma in Economics and Access Route for Students in the External Programme Principles of Accounting Wednesday‚ 5 May 2010 : 10.00am to 1.15pm Candidates should answer FOUR of the following SEVEN questions: QUESTION 1 of Section A‚ QUESTION 2 of Section B‚ ONE question from Section C and ONE further question from either Section B or
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ACCT 112: PRINCIPLES OF ACCOUNTING 1 ACCOUNTING THEORY NOTES (a) International Accounting Standards and International Financial Reporting Standards. The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting
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The Elliott wave principle is a form of technical analysis that attempts to forecast trends in the financial markets and other collective activities. It is named after Ralph Nelson Elliott (1871–1948)‚ an accountant who developed the concept in the 1930s: he proposed that market prices unfold in specific patterns‚ which practitioners today call Elliott waves. Elliott published his views of market behavior in the book The Wave Principle (1938)‚ in a series of articles in Financial World magazine in
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Pauli Exclusion Principle Wolfgang Ernst Pauli was an Austrian theoretical physicist famous for his work on the spin and quantum theory‚ and for the beneficial finding of the Pauli exclusion principle. Pauli was born on April 25th‚ 1900 and died on December 15th‚ 1958. He was a Foreign Member of the Royal Society of London and a member of the Swiss Physical Society‚ the American Physical Society and the American Association for the Advancement of Science. Pauli helped to set in place the basis
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Load’s Exchange Principle Locard’s principle holds that the perpetrator of a crime will bring something into the crime scene and leave with something from it‚ and that both can be used. "Wherever he steps‚ whatever he touches‚ whatever he leaves‚ even unconsciously‚ will serve as a silent witness against him. Not only his fingerprints or his footprints‚ but his hair‚ the fibers from his clothes‚ the glass he breaks‚ the tool mark he leaves‚ the paint he scratches‚ the blood or semen he deposits
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compared to other Machiavellian princes‚ he is not considered a successful prince. Macbeth does not fit the Machiavellian prince criteria for many reasons. This is mainly due to him not maintain the appearance of a good‚ stable ruler and eventually losing power after being killed by his own kinsmen. Macbeth was not able to follow these simple rules causing his ultimate tragedy at the end of the play. Overall‚ Macbeth decisions and their consequences as king‚ make him a Non-Machiavellian prince. The first
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Principles of Accounts A Handbook is prepared mainly for the purpose of helping the grade 8 students who are new to this subject. In this book we have included all the topics to be covered in grade 8. Each topic is serially numbered. At the end of each topic‚ a large number of descriptive‚ multiple choice and gapped questions‚ which are related to that topic‚ are given. Gapped questions are included mainly for improving the students’ knowledge of theory. The multiple choice and descriptive
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