Decision Case 5-10 a). The CEO is mainly concerned with reporting the highest amount of income possible. Thus the CEO will be pleased if the company uses the FIFO method. This method recognizes as cost of goods sold the oldest costs‚ and because prices are rising‚ the costs charged to cost of goods sold will be less than if LIFO is used. b). It would be difficult to state absolutely which method is truly in the best interest of the stockholders‚ as FIFO results in lower COGS on the income report;
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Lab 1: Decision Trees and Decision Rules Evgueni N. Smirnov smirnov@cs.unimaas.nl August 21‚ 2010 1. Introduction Given a data-mining problem‚ you need to have data that represent the problem‚ models that are suitable for the data‚ and of course a data-mining environment that contains the algorithms capable of learning these models. In this lab you will study two well-known classification problems. You will try to find classification models for these problems using decision
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3) Critically assess the claim that people are free to make moral decisions (35) Libertarians support the view that people have free will and so we are free to make moral decisions. For a Libertarian‚ the key evidence for this is the act of decision making in our daily lives. Hume states that “experience is what we see to be true”‚ each human being experiences the feeling of being free to make a decision. If experiencing any other action constitutes it to be true‚ then why not the same for free
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February 4‚ 2015 Who Makes the Apple iPhone 1. What are the benefits to Apple of outsourcing the assembly of the iPhone to foreign countries‚ and particularly China? What are the potential costs and risks to Apple? There are many benefits for Apple in outsourcing their assembly line to China. Although Apple claims that the decision wasn’t about the cheap labor‚ it all comes down to the money. The decision was rooted in the fact that it would save Apple a lot of money. It is understandable that
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Chicago School Agnita Henry 08050506 London Metropolitan University UK In this essay the main focus would be surrounding the Chicago School‚ how it has made such a significant contribution to criminological theory and method‚ and in what ways has this been achieved. Some of the contributions to criminological theory and method came from the Chicago School. The work done by some of the most important sociologist‚ such as Robert Park and Ernest Burgess (1864-1944)‚ looked into the developing
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today seem like having a greater knowledge and confidence if compared to the children in old days that look silly and know nothing. But with the age of only slightly above 15 they do not have emotional maturity or enough experience to take important decisions. During these ages they are living in world that full of adventures and mysterious. Due to their curiosity‚ they can easily be lured by misleading elements in the society‚ both physically and emotionally. They could be exposing to bad habits like
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Abstract This paper is an analysis of Road King Trucks’ new project which is introducing a new product into its product line. I will decide whether run the project or not. Six issues will be discussed as follows 1) importance of energy cost; 2) project’s cash flows; 3) cost of capital; 4) choose an engine 5) evaluation 6) accept or reject. We should accept the project because of the positive NPV and high IRR. We will gain $532 million in wealth which is a big money on the scale like this. The
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Envy is considered to be puzzling and complex emotion when one is in need of a certain object another person or group may have. According to‚ the article “Envy” written by Justin D’Arms‚ he classifies this emotion as a form of pain when one’s self-worth or self-esteem is diminished. However‚ envy is also one of the seven deadly sins according to the Catholic religion‚ and philosophers have a troubling time on precisely arguing what envy is about. In a way‚ envy is similar to jealousy‚ however‚ there
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Specific ethical principal violated in each of the following cases are: Nazi medical experiment (1930s - 1940s): In this study Jews in concentration camps were coerced into a series of experiments that were designed to investigate human endurance through labor and starvation and response to certain diseases and untested drugs. Here the ethical violation was beneficence‚ the subjects were not protected from harm‚ exploitation and the risk and benefits were not balanced. Also there is the violation
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I have a client whom I know to be HIV positive. I also know that he is sexually active and has not told any of his partners about this. Isn’t it my ethical responsibility to inform someone that he is‚ in effect‚ dangerous to others? Even if I am not a counselor‚ I would not be able to live with the fact that I have such an information and am putting some other life at risk. As a medical doctor‚ I was also bound by my Hippocrates oath to serve and bring no harm to others‚ “I will apply dietetic
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