ETHICAL THEORIES 1. Utilitarianism The utilitarian ethical theory is founded on the ability to predict the consequences of an action. To a utilitarian‚ the choice that yields the greatest benefit to the most people is the choice that is ethically correct. One benefit of this ethical theory is that the utilitarian can compare similar predicted solutions and use a point system to determine which choice is more beneficial for more people. This point system provides a logical and rationale argument
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Abstract Guillermo ’s Furniture Store Scenario provides the expedient case study for studying the concept of financial principle in the competitive economic environment. The current paper discusses the approach of financial management with correct application of ideas to create value and economic efficiency through analysis of financial transactions to establish the position of Guillermo in market. The Finance Concepts found in the Context of the Scenario Financial principles‚ financial markets
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The Evolution of Leadership Theory David A. Van Seters Stevenson‚ Kellogg‚ Ernst & Whinney‚ Vancouver‚ British Columbia and Evolution of Leadership Theory 29 Richard H.G. Field University of Alberta‚ Edmonton‚ Canada Leadership is one of the most complex and multifaceted phenomena to which organisational and psychological research has been applied. While the term "leader" was noted as early as the 1300s (The Oxford English Dictionary‚ 1933) and conceptualised even before biblical times
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“What Happened On Easter Island- A New Scenario” Summary Easter Island is about 64 square miles in the South Pacific Ocean‚ and is located around 2‚300 miles from Chile’s West Coast and 2‚500 miles east of Tahiti. Known as Rapa Nui to its earliest inhabitants‚ the island was christened Paaseiland‚ or Easter Island‚ by the Dutch explorers in honor of the day of their arrival in 1722. It was discovered by the people of Chile in the late 19th century and now maintains its financial system by tourist
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Question One a) “I paid $1500 for this economics course. Therefore‚ I am going to attend the lectures even if they are useless and boring.” This is not an example of sound economic thinking. The person has stated the lectures are “useless and boring”‚ implying that there are much more “useful” and “interesting” activities which could be foregone instead of attending the lectures. In other words‚ the speaker is not achieving maximum utility by attending the lectures. In this situation‚ the economic
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To develop what you believe is a terrific idea for a video game‚ you lease 50‚000 square feet in an office building from Commercial Property‚ LLC‚ under a written five-year lease. Your goal is to put the game on the market within two years. Several months into the term‚ a competitor unexpectedly releases a new game title featuring play that would make your game appear to be a poorly crafted imitation. Can you assign the lease to another party? Explain. You would need the landlord here to get
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theoretical perspective The theory of Porter is a study which works as a tradition that is related to the neo-classical economics with the nature of self adjusting nature of markets. The theory of Porter places innovation and industrialisation of geographic which is one of the number of theories for competitive advantages which aims at the process and development (O’Connell et al.‚ 1997). The industries which work within the nations are focused by the Porter’s theory. Competitive advantage is given
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In this essay I aim to describe two theories (Equity Theory and Social exchange theory) of relationships and to consider how they might influence the therapist engaged in couples counseling‚ noting their similarities and differences. Equity theory is a theory about fairness. Its application to close relationships has been primarily advanced by Elaine Hatfield (previously known as Elaine Walster) and her colleagues in the book Equity: Theory and Research (Walster‚ Walster‚ and Berscheid 1978). The
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Personal Theory on Erikson Progression and development shape everyone’s lives and how they interact to different things internally and externally. These reactions could relate to their cognitive context and how the brain functions in different situations. There are socio-emotional reactions‚ which affect their internal feelings and the way they feel about things. Lastly there are physical reactions‚ which account for our physical growth as a human and how we develop over time. Erik Erikson believed
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Strain Theory Ok‚ for the creation of my scenario‚ allow me to introduce you to a young bloke by the name of Akbar. Akbar is 20 years old‚ works in a machine shop which his Father‚ Ahmed got for him through a friendship of a shop owner who happens to be a next door neighbor. Nice and convenient! Because Akbar is working at a job his Father is happy about‚ Akbar is enjoying a happy relationship with his Father. However we will soon learn that this happy relationship is strictly conditional. You
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