“Father of Profitability.” He was the first to describe in detail the double-entry bookkeeping‚ a process that plays an integral role in the development of capitalism as it allows us to calculate profits (Fischer‚ 2000). According to Pacioli‚ the hallmark of a successful business is what he calls the profit motive. This is the notion that successful business men and women must acknowledge and be influenced by the spiritual aspects of their lives. Or more specifically‚ Pacioli maintained that business
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Max Weber Max Weber I chose to write about Max Weber because of the three founding fathers of Sociology (Marx‚ Durkheim and Weber) I found Max Weber to be the most interesting and well-rounded sociologist. Max Weber had many influences in his life. These influences helped to develop his sociological theories. I will examine what I feel are the three main components of his sociological beliefs; Protestant Ethic‚ Capitalism and Rationalization. I will also discuss Weber’s background as I feel
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DEPARTMENT OF POLITICAL STUDIES STUDENT NAME: Nasreen Rawoot STUDENT NUMBER: RWTNAS005 TUTOR: Christopher Edyegu TUTORIAL NUMBER: Tutorial 26 ASSIGNMENT: 2. How does Max Weber characterize legitimacy and why do we have an obligation to obey the laws of the state? Plagiarism Declaration 1. I know that plagiarism is wrong. Plagiarism is to use another’s work and pretend that it is one’s own. 2. I have used the Harvard convention for citation and referencing. Each contribution to‚ and quotation
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Jonathan Nebelsick VO2 Max Tests Conclusion Submaximal VO2 tests are extremely useful for determining estimated VO2 maxes for a subject for a variety of reasons. VO2 max measures the maximum amount of oxygen that can be used by a person undergoing intense physical exertion. VO2 max is considered the best test of cardiovascular fitness and aerobic endurance. If a person can utilize more oxygen‚ then they are able to use that oxygen as a final electron acceptor to make ATP through aerobic metabolism
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Max Weber (1864-1920) Karl Emil Maximilian Weber (Max Weber) was born in Erfurt‚ Germany on April 21‚ 1864. Max Weber was one of the greatest sociologists of the twentieth century‚ a founding "father" of modern sociology; he was also a historian and a philosopher (Asiado‚ 2008). Weber deeply influenced social theory‚ social research and the study of society itself. His wide ranging contributions gave incentive to the birth of new disciplines such as economic sociology and public administration as
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explain why it is more beneficial for the company to use segmented hurdles rates rather than the corporate hurdle rate currently being used. We will then calculate a new hurdle rate and the economic profit for each division. Then‚ we will explain how capital restructuring can increase our profits for each segment. Lastly‚ we will address the concerns with the company’s recent performance and the future direction of the company. Industry Comparable Analysis Prior to any action
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Max Planck Justin Thomas Period 4 Chemistry 10/08/96 On April 23‚ 1858 Max Karl Ernst Ludwig Planck was born in Kiel‚ Germany. He was the sixth child of a law professor at the University of Kiel. At the age of nine his interest in physics and mathematics was developed by his teacher Hermann Muller. When he graduated at the age of seventeen he decided to choose physics over music for his career. Although he is know for physics he was an exceptional pianist who had acquired the gift of
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had the objective to find hidden profits and losses contained in their current accounting system. The old system did not fully disclose how their costs were applied to the sales accounts. The goals are very sensible as they will allow them to move forward with the proper information. 2. Why did Ridderstråle feel that the previous cost system was inadequate for the new strategy? The new strategy/system was needed “to promote high-margin products to high-profit customers.” The old system didn’t
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Management Question 2: (A) Describe Max Weber‘s understanding of bureaucracy. (A) The term bureaucracy was used from Weber studies published in 1947. It described a rational form of organisation that today exists to some extent in practically every organisation whether it is public or private. Max Weber theory and philosophy is largely focused on the idea of bureaucracy as an efficient method for organizing and prioritizing the routine tasks of business. Max Weber‘s studies in organizations
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Gross Profit Margin Gross profit margin is useful to assess Debenhams’ financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold; therefore‚ it is considered to be one of best economic tools for measuring and analyzing the data of Debenhams PLC. Comparing the GPM in 2014 with in 2013‚ it decreased 1.05% from 13.13% (2013) to 12.08% (2014). Although the total revenue increased £30.5 million‚ gross profit decreased £20.3 million. There
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