What are the advantages and disadvantages of letters of credit? http://www.answers.com/Q/Advantages_and_disadvantages_of_Letter_of_Credit Letter of Credit Advantages for both Importers and Exporters For the Exporter/Seller: Upon presentation of the specified documents (in strict conformance) the Buyer/Exporter is guaranteed payment (the exception is if the Issuing Bank folds) Eliminates risk of the buyer canceling the order and therefore reduces production risk Makes it easier for the Buyer/Exporter
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Virtue Ethics Aristotle was a Greek philosopher who lived between 384 and 322 BCE. He was deeply interested in the idea of cause and purpose. On the Foundation Paper‚ you will have explored the ideas of the Four Causes and the Prime Mover. Both of these theories look at the idea of how things are caused and how they move towards their purpose. In ethics‚ any theory that looks at how we become better people over time‚ or that looks at how we move towards our purpose is called a teleological
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What is intelligence? Sattler describes a famous symposium conducted in 1921 at which 13 psychologists gave 13 different definitions of intelligence (1992‚ pp. 44-45). Some of these definitions are paraphrased below: Intelligence is. . . the tendency to take and maintain a direction. . . judgment‚ otherwise called good sense‚ practical sense‚ initiative. . . everything intellectual can be reduced to . . . relations or correlates. . . adjustment or adaptation to the environment. . . global capacity
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Nicomachean ethics is the name of Aristotle’s work on ethics based on lectures he wrote. It is said that Nicomachean ethics were named after either Aristotle’s son or father as they were both named Nicomachus. Aristotle believed that happiness is what makes a person pure. To make this one virtue true‚ Aristotle believed that there were four moral virtues that worked together; the virtue of great soul‚ justice‚ practical judgment and being a truly good friend. From Aristotle’s notes‚ are ten books
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Virtue Virtue is the key to a meaningful and happy life. According to ancient philosophers‚ Socrates and Aristotle‚ developing virtue is vital in order to lead a successful‚ fulfilling life. Though both men differ in their interpretations of a "good life‚" they both agree that the supreme life is one of virtuous meaning. Each of the philosophers have devised and implemented their own definitions and guidelines to acquire and practice a virtuous disposition. While it is agreed that knowledge and
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The Internet as a Learning Tool: Planning Perspectives (the Singapore Experience) Jeremy Tan <jeremy@ncb.gov.sg> National Computer Board‚ Singapore Sam Wong <wpm@moe.ac.sg> Ministry of Education‚ Singapore Background In 1991‚ Singapore came online through her first Internet service provider (ISP)‚ Technet Unit. This unit was part of the National University of Singapore‚ with funding by the National Science and Technology Board (NSTB). Internet access was then limited to R&D
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Chapter 17: Virtue Ethics 17.3 I agree with Aristotle’s argument and conclusion that being virtuous person contributes so much to someone’s life with regards to going well. The reason for this is that our ultimate goal ought to be self-sufficient. That is; Aristotle believed that the good of something should not be limited to instrumental values e.g. money and fame. The goal of life‚ according to Aristotle‚ should be about self-sufficiency‚ which means that a person needs to possess it all and make
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Virtue ethics is a theory used to make moral decisions. It does not rely on religion‚ society or culture; it only depends on the individuals themselves. Aristotle is the main philosopher of Virtue Ethic. Aristotle’s writings have been read more or less continuously since ancient times‚ and his ethical treatises continue to influence philosophers working today. Virtue‚ according to Aristotle‚ is equivalent to excellence (Hutchinson‚ 41). A man has virtue as a guitarist‚ for instance‚ if he plays
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built this device‚ and even less people consider the virtues that engineer learned in their undergraduate degree. Consider the outcomes of this scenario if the person who built that device was not a virtuous human being. Virtue ethics is a branch of philosophy which seeks to answer the question of what kind of person one should be. It was originally proposed by Aristotle who argued that all things have a purpose in this world‚
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this theory. Most of Kant’s beliefs are also based on duties to one another‚ ourselves‚ etc. We have a strict duty to benefit towards other people. We should strive to promote their welfare or as he says‚ "respect their rationality." He might ask‚ "What was your intention when you decided to do this?" In this situation there was no intention. You just acted how you would normally if a situation like this occurred. It took no thought at all. This would not fall under a moral action for Kant. You were
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