Decision making is an essential leadership skill. If you can learn how to make timely‚ well-considered decisions‚ then you can lead your team to well-deserved success. If‚ however‚ you make poor decisions‚ your time as a leader will be brutally short. To determine what leads people to make bad decisions‚ it’s helpful to consider what we would need to create the ideal decision-making environment. Most theories on decision-making are based on what the rational decision maker will do when faced with
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method of analysing the relationship between changes in output and changes in total sales revenues‚ expenses and net profit. QUESTION 1 (a) How do managers use CVP analysis to make decisions? Describe at least FIVE (5) uses of CVP analysis. Managers are concern about the impact of their decision on profit. The decisions they make are about volume‚ pricing or incurring a cost. Therefore‚ manager requires an understanding of the relationship among revenues‚ cost‚ volume and profit. The cost accounting
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The difference between moral theory and moral code is that moral theory is what makes an action right and moral code is a set of rules. My personal‚ every day ethical decisions been based upon a particular moral code. The moral code I live by is be good to others. Ever since I was younger my teachers and parents would tell me to treat people the way you want to be treated and if you don’t have anything nice to say then don’t say nothing at all. When I was younger I didn’t take these rules very seriously
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Moral Absolutism a) Explain what is meant by Moral Absolutism. (25) Moral absolutism is an ethical theory which believes that there are absolute standards against which moral questions can be judged‚ and that certain actions are either right or wrong. Moral absolutists might‚ for example‚ judge slavery‚ war‚ dictatorship‚ the death penalty‚ or child abuse to be absolutely immoral regardless of the situations or beliefs of a culture that engages in these practices. Moral absolutism adopts the theory
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A decision is a choice that a person makes after going through hundreds of possibilities and their outcomes‚ it is the conclusion reached after thorough consideration. Important decisions to make are very difficult to do because they can have a toll on ones future. As we see a rise on technological advancements the world continues to seem much smaller as our minds open up to different great possibilities‚ and the opportunities become endless‚ making life changing decisions harder than before because
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The word “free” is something everyone likes to hear because it means they can receive what they want without having to pay to obtain it therefore profiting. However‚ nothing is truly free because if one individual doesn’t pay then another will have to in his place. It’s how our world works‚ as well as the economy! The same goes for college‚ everyone one would agree that free college sounds amazing! With free college all those loans could be avoided leading to a happier‚ debt free life‚ right? While
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is “the principle that as the number of units of the variable input increases other inputs held constant‚ a point will be reached beyond which the marginal product decreases. For example‚ I work in a pastry shop and we make cakes. I typically schedule three bakery employees to make 90 cup cakes in three hours. That averages 30 cupcakes per employee in that three-hour time span. Assuming the variable being the number of employees all else remaining constant. If I add a fourth‚ fifth‚ or sixth employee
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Moral Courage Given our already stated definition of "moral courage" as (the ability to act rightly in the face of popular opposition‚ shame‚ scandal‚ or discouragement) several instances can be found throughout history of the use (or lack of) moral courage to influence the decisions impacting the significant events of the world. Our first demonstration of the lack of moral courage can be found during the Holocaust‚ in which Jewish men masqueraded in Hitler’s army and willingly took part in the
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Bomb On August 6‚ 1945‚ President Harry S. Truman made the decision to drop an atomic bomb on Hiroshima‚ Japan. Then on August 9‚ 1945‚ Truman ordered a second atomic bomb on Nagasaki‚ Japan. These two decisions were based the war timeline‚ war casualties‚ the successful completion of atomic bomb testing‚ the war experience with Japan‚ and the political conditions related to potential Russian claims on Japan. The atomic bomb decision was primarily driven by the weariness of war. The scientific
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My Moral Autobiography Junior year of high school I was diagnosed as having an eating disorder; I was anorexic which can be defined as "a serious‚ potentially life-threatening eating disorder characterized by self-starvation and excessive weight-loss" (http://www.nationaleatingdisorders.org). This definition does not mention that the effects of this can range anywhere from death to the inability to have children. This medical definition is broad and does not really encompass any of the mental
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