SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
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The Knights tale was the first and best tale told in The Canterbury Tales and I think it should win because of how much I absolutely love Knights. A skilled and heroic man covered in metal armor who lives to help others in need. That idea of a person with that kind of personality is just really interesting to me. It also makes me want to be more like a knight whenever I think or talk about them. Although Palamon and Arcite‚ the main character in the Knights tale‚ are bad examples of what
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Moral Dilemma What people feel morally obligated to do depends on the situation. In general‚ I think everyone can agree that it is immoral to take someone’s life‚ but there are situations where people might think otherwise. There are also other less severe circumstances where people’s morals are put in question. In the end‚ it depends on one’s personal moral beliefs on how they would act when in certain instances. The first dilemma I chose was the fat man and the impending doom. Without a
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Culture and Moral Development Another criticism of Kohlberg’s view is that it is culturally based. A review of research on moral development in 27 countries concluded that moral reasoning is more culture-specific than Kohlberg envisioned and that Kohlberg’s scoring system does not recognize higher-level moral reasoning in certain cultural groups (Snarey‚ 1987). Examples of higher-level moral reasoning that would not be scored as such by Kohlberg’s system include values related to communal
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way. After that‚ what I should do is to encourage others to do the similar things. Moral compass should run through the whole process. An individual’s effort is meager but we should not neglect it. Just as the recycle‚ if I do well in recycling every time I want to throw my rubbish and tell others the importance of recycle‚ more and more people will be impacted if I carry on doing this. Key Take-away Moral compass is the principle and norm that leads us to proper and right behavior. Doing
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Kohlberg’s Moral Development Psych/500 October 14‚ 2012 Is it morally acceptable to steal food from the wealthy to feed the poor? This was the type of question Lawrence Kohlberg‚ an American-born Harvard Professor‚ would ask of his research subjects. Dr. Kohlberg was fascinated by the cognitive development work proposed by Swiss theorist Jean Piaget (Long‚ n.d.). “Kohlberg’s work aids both our understanding of the ways in which individuals make moral decisions‚ and demands that we use a
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CURRICULUM SMP BAKTI TUNAS MULIA JUNIOR HIGH SCHOOL | | | 1847 | CURRICULUM DESIGNERS | NADIA ANANDA HERIANTO‚ S.Pd. | | KRISTIN NATALINA NUGRAHA BAKTI‚ S.Pd. | | IVANA AR LENE WELLINGTON‚ S.Pd. | CHAPTER 1 PROFILE CITY PROFILE Kabupaten Boyolali‚ one of the cities in Central Java‚ has a spacious area (5.697.724 km2) and very beautiful landscapes‚ such as Mount Merapi and Merbabu as well as Kedung Ombo basin. Kabupaten Boyolali also has many tourism spots‚ like
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MORAL PHILOSOPHY What is moral philosophy ? Moral philosophy is the branch of philosophy that is concerned with ethics. Ethics can be defined as the study of right and wrong in human endeavours‚ it helps one to answer such questions as what is the proper course of action in a given situation‚ what one should do ? It helps us identify the moral correctness of our conduct. From the very dawn of philosophy right up until this very day‚ ethics has been at the very core of the rational thinkers cognizance
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Describe and evaluate two theories of moral development. This essay will demonstrate the explanation and the evaluation of two different theories of moral development. Moral development is related to behavior‚ and psychologists mean by moral behavior is that the judgment of person. Jean Piaget is the most renowned psychologist for his work on moral development. However‚ his theory was limited and not developed as Lawrence Kohlberg’s theory‚ but Piaget made a favour for Kohlberg by provided
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Lesson Learned We are all humans therefore we all make mistakes‚ but the one thing that comes out of these mistakes‚ is we usually learn a lesson. Making mistakes is human nature‚ none of us are exempt. That is even true in writing this paper. I will have to write many drafts without errors to meet what I feel is right. It would only be natural for me to make mistakes while writing this paper. But‚ just as in making errors on this paper and corrections‚ making mistakes in life
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