contract? A contract is an agreement enforceable by law. 2. What is an agreement? An agreement is an arrangement between parties that creates legal obligations between them. Generally an agreement is said to be arrived at when an offer or proposal made by one person is accepted by another‚ with the intention of creating mutual obligations between them. 5. What are the essential features of a contract? Minimum two parties :- Atleast two parties are needed to enter into a contact. One party
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1.1 Origin of the Report As part of the term paper of Evening Masters of Business Administration (EMBA) course requirement‚ we are assigned the topic “Carbon Accounting” by our course teacher for accomplishing our report. 1.2 Objectives of the report To attain the skill of report writing. To achieve deep knowledge about Carbon Accounting. To fulfill the partial requirement of our course of Accounting for Managers. 1.3 Methodology of the report This study was a descriptive research where
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entity for the credible. The Standards also aims to ensure that only genuine obligations are dealt in the financial statements such as planned future expenditure. Financial statements should include all information of the
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individuals learn or analyze personal characteristics that reflect individual perspectives on ethics-one ’s ethical perspective. Through the Ethics Awareness Inventory ethical profiles can be gauged under four separate categories: 1) character‚ 2) obligation‚ 3) results‚ and 4) equity-also known as (CORE) to determine an individual ’s personal ethical perspective. The CORE categories are based on a broad characterization of one ’s individual ethical beliefs. The Ethics Awareness Inventory test is not
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which resulted in a $4 million asset retirement obligation in its financial statements for the eventual remediation of the asbestos. This year‚ during maintenance work‚ more asbestos was discovered in parts of the facility not previously sampled. It is now believed that the remediation of the asbestos will be $8 million. Issues 1. Is the asset retirement obligation necessary? 2. Should the additional $4 million in the asset retirement obligation be considered a change in accounting estimate or
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Loyalty is the devotion and faithfulness you have to a community‚ a group‚ or an individual. Your duties can be obligations of respect‚ voluntary‚ or obligations you have agreed to‚ involuntary. Sandel states‚ “These include obligations of solidarity and loyalty‚ historic memory or religions faith- moral claims that arise from the communities and traditions shape our identity (Sandel pg220).” An example of this is when a basketball player signs the consent form to be on the basketball team he is
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Ethical and legal obligation of business Introduction Business ethics: It is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in business environment. It applies to all aspect of business and is relevant to the conduct of individuals and entire organization. Ethics is mainly concerned with what is good versus bad‚ what is right versus wrong. Deontology is an ethical theory that holds that actions are right or wrong independent
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Liquidity Ratio Liquidity ratios measure the liquidity of a business. Liquidity ratios are important as it measures a business ability to meet its short and long-term financial obligations. Current and Debt/Equity ratio are used to measure liquidity. Current ratio: it measures a company’s ability to meet short-term financial obligation. It is obtained by dividing Total Current Assets by Total Current Liabilities. Samsung’s current ratio for the financial period 2011 is given as 1.46 and 1.45 for the financial
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satisfaction‚ burnout and stress‚ work-family conflicts‚ family obligations which in turn affect the job productivity. . We used seven points likert scale. The aim of this study is to see how far job involvement is correlated with job productivity. We gathered data from female school teachers of Rawalpindi. According to the results of the correlation between the independent variables‚ job satisfaction‚ work-family conflict‚ family obligations and stress are not correlated with each other showing that
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PURPOSE OF THIS AGREEMENT. The purpose of this Agreement is to settle the parties’ rights and obligations pertaining to: Identification and confirmation of their respective separate assets and separate obligations; Identification and division of their community or coowned assets and community or joint obligations and; Spousal support; iv. Stipulations regarding Husbands deployment.
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