Ethical standards are the morals of our environment that are tolerable for most people. Normally referred to as mores‚ ethical standards are what the most of people accepts as good‚ and the way they act without imposed rules and regulations. Some part of the World these ethical standards are based on cultural and religion principles. In addition to that‚ ethical thinking involves the complex process used to consider the effect of the actions on the individuals or organization we serve. The basis
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Scientific Method METHODOLOGY Social Psychology: An Empirical Science Hypothesis A hypothesis is a specific prediction about how one variable is related to another. Must be falsifiable. Must be operationally defined. Stated in observable‚ measurable terms. Allows for replication. Types of Research Strategies The Observational Method: Describing Social Behavior Researchers measure and record observable behavior of participants as it occurs in its natural state or habitat. Can obtain
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1. Standard Chartered Bank Standard Chartered PLC is a British multinational banking and financial services company headquartered in London‚ United Kingdom. It operates a network of over 1‚700 branches and outlets (including subsidiaries‚ associates and joint ventures) across more than 70 countries and employs around 87‚000 people. It is a universal bank with operations in consumer‚ corporate and institutional banking‚ and treasury services. Despite its UK base‚ around 90% of its profits come
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We will all have experienced double standards once in our lives. We girls are constantly looked down upon for doing certain acts while most of the time boys are praised for the same things. Double standards may only continue to pervade our lives socially. Simply put‚ a double standard is a rule or principle applied more strictly to one gender than another. A simple action or attitude could have completely different implications depending on ones gender. What happens when a man or a woman steps outside
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Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
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Case 3-6 Accounting Standards A. Given the income statement effects of LIFO versus FIFO‚ how will the balance sheet inventory amounts differ between General Motors and Ford versus Honda and Daimler-Benz? In other words‚ will inventory be reported amounts representing recent costs or older historical costs? In your opinion‚ which balance sheet amounts would be more useful to financial statement users in making decisions to buy or sell shares of a company’s stock? Inventory is an asset that
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Behavioral Costing British Aerospace case study A. Introduction When we think about the cost of an aircraft‚ we tend to think of the cost of buying the product rather than the costs of running it! British Aerospace’s service to the customer does not stop at the aircraft acquisition stage‚ when the airplane is sold to the customer. If anything‚ this is when the customer relationship begins. This case study focuses upon the processes involved in behavioral costing aircraft components. Given
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Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
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RULE OF LAW In course of Twentieth century‚ the emergences of democratic legislations and state welfare laws have lowered the effect of natural law and common law. These laws are bit liberal and sometimes puts limitations on the rule of Law in the name of nation’s Interest. This principle of ‘Rule of Law’ has been a matter of discussion and analysis since a long time in the realm of Jurisprudence and Legal theory. But‚ very less interest has been shown towards the exact definition of ‘Rule of Law’
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Double Standard Women of our time are beginning to break into this male dominated news industry. A recent survey from Ball State University showed that 99% of all broadcast newsrooms have female employees and that now women make up more than 40% of the total broadcast workforce (Papper‚ 2005). That same survey unfortunately showed that only 10% of local sports reporters are women and that 7% of local sports anchors are women (Sheffer‚ 2007). These numbers show that women are breaking into the
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