QUESTION 1. Equity has made the law more fair. Discuss Equity can be defined in a technical sense as a branch of law administered by the court of chancery before the passing of the Judicature Act (1873-1875) with a view of supplementing the common law rules. Equity developed because of the problems of the common law. The word ’equity’ has a meaning of ’fairness’ and this is the basis on which it operates. The existing law as at the time equity arose was common law‚ equity acted as a supplement
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Equity Equity means social justice or fairness; it is an ethical concept‚ grounded in principles of distributive justice.39–[->0]42[->1] Equity in health can be—and has widely been—defined as the absence of socially unjust or unfair health disparities.1‚[->2]6[->3] However‚ because social justice and fairness can be interpreted differently by different people in different settings‚ a definition is needed that can be operationalised based on measurable criteria. For the purposes of operationalisation
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More Equal than Others On August 5‚ 1997‚ Korean Airlines management received news that no airline wants to hear- one of their planes had crashed. Korean Airlines flight 801 crash-landed three miles away from Guam airport. Plane crashes are an unfortunate and rare occurrence in the airline industry‚ but Korean Airlines had a problem. Their planes were crashing at a rate many times higher than other airlines. In comparison‚ Korean Airlines’s crash rate was seventeen times higher than the crash
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Public Goods and Market Failure Public goods are goods that would not be provided at all in a free market. Since they are goods that are of benefit to society‚ the lack of public goods in a free market is considered to be a market failure. Examples of public goods would be national defense and flood barriers. There is much debate over what actually a public good is and what is not. Beside that the inability of the market to provide public goods is a failure because
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UNDERSTANDING BRAND EQUITY ANSWERS TO TEN COMMON BRANDING QUESTIONS Kevin Lane Keller Tuck School of Business Dartmouth College UNDERSTANDING BRAND EQUITY ANSWERS TO TEN COMMON BRANDING QUESTIONS One of the most popular and potentially important marketing topics to arise in the 1980 ’s was the concept of brand equity. The emergence of brand equity‚ however‚ has meant both "good news" and "bad news." The good news is that it has raised the importance of the brand in marketing strategy --
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Does marketing create or satisfy consumer needs? Comment on the “dark side” of marketing I believe marketing does both by first trying to satisfy the consumer’s needs and then second use the knowledge gained from their customers to introduce new products or services that will provide the best benefits for their consumers. “Marketing has helped introduce and gain acceptance of new products that have eased or enriched people’s lives. It can inspire enhancements in existing products as marketers
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1 RI AL 3 WHAT IS NEEDS ASSESSMENT? MA Chapter Objectives • Identify why needs assessment is important • Identify different types of needs analysis • Learn how to set expectations and gain participation for needs assessment • Decide who and what are assessed • Overcome five issues when conducting needs assessment Tools • Select the Right Type of Needs Analysis Chart CO • Identify the three phases in conducting a training needs assessment PY • Identify what you can do if your
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Jobs other than mine When performing a piece as such as ours‚ there are many different roles that are played by different people. The obvious ones would be the actors and actress’‚ but there are many people that work behind the scenes‚ in order for the performance to be as good as it can be. Although the main piece at the end seems to be mainly the actors‚ the performance would never be at its full potential without the rest of the team working behind set. These people include: The makeup team
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What are the sources of Monopoly? A monopoly is defined as a market structure where one firm supplies all output in the industry without facing competition. Monopolies arise from barriers to entry‚ which make it difficult or even impossible for new firms to enter the market. These economic barriers include: - Control of natural resources that are critical to the production of a final product‚ including the uneven distribution of natural resources. For example‚ the fact that oil is concentrated in
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Analysis of Markets and Public Policy Chapter 8 Questions for Review 1. Why would a firm that incurs losses choose to produce rather than shut down? Losses occur when revenues do not cover total costs. If revenues are greater than variable costs‚ but not total costs‚ the firm is better off producing in the short run rather than shutting down‚ even though it is incurring a loss. The reason is that the firm will be stuck will all its fixed cost and have no revenue if it shuts down‚ so its
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