Subject:- principles of economics 1. Defects of capitalism The market economy or capitalism has a number of defects. In analysing these defects it is obvious that some form of government rules and regulations are necessary in order to protect the environment and future generations. 1. Increasing inequality in wealth: As an economic system characterized by the private ownership of the means of production and distribution‚ there exists the obvious
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Ethical Principles in the Corporate World By: Brian Renshaw Courtney Kubat Stephanie Angellotto IFMG 300 B04 Abstract Ethical issues are an area of the corporate world that most businesses deal with on a regular basis. The importance is growing with the continuous development of technology. Companies need to be aware of ethical obligations of their products and decisions. Privacy is a problem that occurs due to the fact that companies can access individuals’ information on the
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The Scientific Method - The Scientific Method is the standardized procedure that scientists are supposed to follow when conducting experiments‚ in order to try to construct a reliable‚ consistent‚ and non-arbitrary representation of our surroundings. To follow the Scientific Method is to stick very tightly to a order of experimentation. First‚ the scientist must observe the phenomenon of interest. Next‚ the scientist must propose a hypothesis‚ or idea in which the experiments will be based around
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The Principal as a Decision Maker. A school principal is an education administrator who oversees the day to day operations of the school. He or she offers instructional leadership to everyone in the school. These include the administrative staff‚ faculty and students. The role of a school principal is that of a guide to the students as well as a disciplinarian. There is much more to the position than that‚ however it is a complex job that offers numerous challenges‚ each day different from the day
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2014 While reflecting upon the six ELCC standards and how they relate to the current district practices I am drawn to the evaluation tool that is used by my superiors to evaluate my performance as principal of an elementary school. Visioning‚ Positive School Culture‚ Management of staff‚ facilities‚ and resources‚ community engagement‚ knowledge of the law and the role of a professional community‚ and using data to make informed decisions are the underlying tenants of the six ELCC standards
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several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders‚ should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? There are several dimensions to the principal-agent conflict. Principal-Agent Relationships exist whenever
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principles of scientific management differ from the ordinary principles. Why? Give your comments The Principles of Scientific Management is a monograph or a specialist work published by Frederick Winslow Taylor in 1911. Scientific management is a new thinking on management. The literary meaning of scientific management is performing the work of management in a scientific manner. In other words‚ discarding the traditional approaches to management and adopting newer and more scientific approaches
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When one thinks of human trafficking and abolishing it forever‚ it is quite difficult to imagine someone who would be against trying to stop this heinous act. I will endeavor to show who these organizations are and how they oppose the law’s‚ government institutions and NGO’s trying to abolish human trafficking. I will also expose the myths and fallacies of human trafficking in an attempt to bring honesty and truth to this very disturbing subject. In view of the plight of those trafficked‚ something
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To appear in: Moutinho and Hutcheson: Dictionary of Quantitative Methods in Management. Sage Publications Principal Components Analysis Introduction Principal Components Analysis (PCA) attempts to analyse the structure in a data set in order to define uncorrelated components that capture the variation in the data. The identification of components is often desirable as it is usually easier to consider a relatively small number of unrelated components which have been derived from the data than
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that is under the scrutiny of the public eye‚ a district employee needs every resource that is available to them to excel. Designing a program for a newly hired principal would encompass many different avenues. It’s been said that an educators learning on the job is a life-long process. This is true for teachers‚ but even more so for principals with the amount of responsibility placed on them. They walk a fine line of not only understanding the school’s culture and their place in it‚ but the managerial
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