Explain the main principles of the classical forms of Utilitarianism (25 Marks) Utilitarianism was first created by Jeremy Bentham‚ he believed that human beings were motivated by pleasure and pain so he can be called a hedonist. Bentham said that all human beings pursued pleasure and wanted to avoid pain. As a hedonist‚ he believed that pleasure was the sole good and pain was the sole evil. He said ‘an action is right if it produces the greatest good for the greatest number’ this is where the greatest
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Principles of Finance Notes Theory Questions Explain why the NPV approach is preferred to the IRR approach (2006) The NPV approach takes into account the timing of cash flows and the IRR does not. For example if you took 2 projects that required the same initial outlay and had the same cash inflows for the same period of time but one project was deferred for one year‚ using the NPV we would have different values but the IRR would give us the same. The NPV approach takes into account the scale of
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CHAPTER ONE 1.0 INTRODUCTION A computer can be defined as an electronic device which accepts data from the user‚ processes the data to become an information‚ share or memorize and later release them to the user. In education‚ business‚ manufacturing‚ communication‚ scientific research‚ medicine‚ entertainment and home‚ the change brought by the extraordinary innovation and proliferation of information technology have been swift‚ and profound. Computer as a basic tool in the world has
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10 Principles of Economics Supply and Demand Supply and demand are inversely proportional: When supply rises‚ demand falls. For instance‚ when the housing market in a certain region is flooded with homes for sale‚ sellers drop the price to attract a buyer. However‚ single homes for sale in exclusive neighborhoods might have more potential buyers than sellers. In these instances‚ the price of the home rises. Inflation and Unemployment Gregory Mankiw‚ Harvard Economics professor and author of "Principles
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Principles of Quantitative Methods 2011 Table of Contents Question 1 – Difference between Simple Interest and Compound Interest 3 1.0 Simple Interest 3 1.1Compound Interest 4 Question 2 – Difference between Depreciation by Straight Line Method and Depreciation by Reducing Balance Method 6 2.0 The Difference 6 Question 3 - Standard Deviation and Quartile Deviation 7 Standard Deviation 7 Quartile Deviation 8 3.0 Purpose of Calculating Standard Deviation and Quartile Deviation 8 3
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in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when it was acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP). Cost concepts and terms 1. Cost The amount of expenditure (actual or notional) incurred on or attributable to a specified article‚ product or activity is referred to as cost. 2. Cost object Anything for which a separate
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Water Utilities Privatization‚ Solution or Problem: Jakarta Water Utilities Case Introduction Water composes 76% of the earth. However‚ only 2.5% of total water is consumable as fresh water. Limited fresh water supply and population growth jointly increase water scarcity and price‚ especially at dense area. Particularly‚ Water resources become crucial issue in most developing countries because they do not have well managed water utilities system. Cochabamba Water War (Bolivia) and Dar es Salaam
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Haley Battista‚ John Conroy‚ Katie Early‚ John MacGovern Professor Holder-Webb AC 306 February 5‚ 2013 Big Bear Power public utility company is leasing a combustion turbine from Goliath Co. Big Bear signed a 10-year noncancelable lease on December 15‚ 2010. The lease begins on January 1‚ 2011. There are three provisions to this lease that need to be analyzed to tell if they should be included in the minimum lease payments. For provision one‚ Big Bear pays $500‚000 to an external legal counsel
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Explain the functions or scope and classification of marketing. 3. What are the concepts of marketing. 4. What is meant by marketing mix? Explain its features. 5. What are differences between selling concept and marketing concept. 6. Write about the principles of marketing mix. 7. Explain the factors influencing marketing mix. 8. Explain the importance of marketing in Indian context. UNIT II 1. Explain the scope and significance of consumer behavior.** 2. Explain the theories of consumer behavior.** 3
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paper‚ 100% chlorine free in manufacture Mars‚ Incorporated The Five Principles of Mars Quality Responsibility Mutuality Efficiency Freedom The Five Principles of Mars We at Mars share special values about our company and the way it should be run. These values – our Five Principles – set us apart from others‚ requiring that we think and act differently towards our associates‚ our brands and our business. These principles have always been demanding and are an essential part of our heritage.
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