...Life Value What is a life worth? Can it be valued, no it cant. A life is a priceless thing that no one can put a value on. The government will try and place a value on a life by using a monetary value. When families are looking for an answer after their loved one passes on, what they are doing is placing a value by looking for answers. When a tragic ordeal happens there will be lawsuits filed because people may say that they need more money. When someone places a value on a life nothing good can come of it, because something that is worthless cant have a value of any sort. The government will always try to put a monetary on a life. The human life calculator conducts how much a persons life is worth with questions about who their dependencies are and if they have a spouse. If that person has neither then they are worthless in their eyes (human life calculator). Why is it that someone can say that we are worthless, neither the government nor anyone can do such a thing. Some people nay not have kids or a spouse, but they want to leave something to their family ( i.e. parents). The article Whats a Life Worth by Amanda Ripley, stated that the government would pay out more to families that had different jobs when the attack of 9/11 happened. Its not right that a family with two children don't get enough money to strive but a family with no children get an abundance of money. "the court started to put a dollar value on a life, after death" (Ripley 1). That is when the lawsuits start...
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...The Good Life Part I 1. Dignity is God’s gift to each and every individual and is first rooted in the relationship with God. According to Gula, Christians believe that every person in the world is made in the image of God and, therefore, they have worth value and dignity. 2. A gift is what we have received, and we give to the community. According to Gula, every individual’s gift is supposed to developed and cherished so that they can be shared with other individuals. Among the greatest of gifts is to be made in God’s 3. Responsibility is the effort we put towards living the way Jesus shows human beings should live. Responsibility according to Gula is what human dignity is in addition to 4. Humility is one of the fundamental values together with gratitude that are important in living a good life. Humility is also an individual’s acceptance of their abilities and limitations. It is the middle ground between the extremes of self-effacement and pride 5. Gratitude is among the two primary values together with humility to living a good life. Gratitude is a virtue that also closely follows with humility in accepting that every gift individuals have received are meant to be shared. Gratitude is also remembering to tell others thank you (Gula 31). 6. Worth is what is rooted in God’s love and not on individuals. To love other individuals is how people show that they are worth. 7. Self-esteem is constructed by individual’s...
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...The standard that should be used to judge the moral worth of certain actions has remained debated and controversial over time. Though it is hard to apply in real life, I personally believe that the moral worth of an action should be determined by the motivation and intention that initiated it, but not by the consequences or influences that the action brings about. I will illustrate my reasoning by focusing on Kant’s views on good will and moral worth, along with some real life examples, Socrates’s discussion on differences between mere true belief and real knowledge of virtue and several other philosophers’ unique interpretations and related discussions on this topic. Kant makes a clear argument about good will in the very beginning of his book Grounding for the Metaphysics of Morals. He explicitly states that: “There is no possibility of thinking anything at all in the world, or even out of it, which can be regarded as good without qualification, except a good will. (Kant 7)” Kant believes that a good will is always morally good. Therefore, what a good will does is always morally good as well. Also, he obviously takes good will as the only true standard to judge the moral worth of a certain action. He explains that everything that seems to be good by itself actually could only be good if they are driven by a good will; without a good will, these other things might be used to produce negative outcomes. Except for a good will, nothing else would be good simply on its own...
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...purpose of human life was personal and spiritual growth. We are unable to grow towards greater understanding of our true nature unless we take the time to examine and reflect upon our life. Examining our life reviles pattern of our behavior. Deeper contemplation yields understanding of the subconscious programming, the powerful mental software that runs our life. Unless we become aware of those patterns, much of our life is unconscious pattern. We all have blind spots sometimes when I examine a chronic problem in my life, I have unsetting feeling that I must be missing something, but I can’t quite see what it is. We try to examine ourselves but none of us can use our backside (our shadow) That’s why Socrates’ method of self examination includes an essential element that becomes Socratic dialogue. Dialoguing with a close friend, a spouse a skilled psychotherapist or spiritual advisers help reveal those blind spot we cannot see by our selves. This quote is from Socrates believed that the purpose of human life was personal and spiritual growth. We are unable to grow towards greater understanding of our true nature unless we take time to examine and reflect upon our life. Examining our life reveals pattern of behavior unless we become aware of these pattern, much of our life is unconscious repetition however many times we are too busy with our life and work to contemplate fully our life’s pattern. According to Socrates we need to stop and evaluate so that we can spot our patterns...
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...2035(b) requires the federal gift tax paid by the decedent or the decedent’s estate on any transfers made after 1976 by the decedent or the decedent’s spouse within three years of the decedent’s death to be included in the decedent’s gross estate. o $13K + ($75K - $60K)*.26 = $16,900 Tax but 2505(a)(1) Unified Credit against gift tax ($345,800) (b) If decedent gave Child a life insurance policy on decedent’s life worth $10K, with a face value of $75K, decedent dies 2 yrs later, what’s included in decedent’s gross estate. • $75K would fall into the time frame of § 2035(a)(1) and designated as property • $75K would be included in the decedent’s gross estate pursuant to § 2035(a)(2) because the interest transferred by the decedent was one that, had it been retained by the decedent, would have enlarged the decedent’s gross estate under § 2042. o Insurance becomes valuable at death (c) If after the gift, Child made annual premium payments totaling $3K? Assume that Decedent’s total pre-gift premium were $12K? • Authority: Rev Rul 72-282; see also: In regards Silverman’s estate 521 f.2d 524. • We are going to create a fraction: o Inclusion ratio: ($12K (paid by decedent) / $15 (total paid)) x $75K o Exclusion ratio: (3/15) x $75K ♣ Must look at the numerator, this determines whether there is an inclusion ratio or exclusion ratio. (d) What is the result if during the time between the gift and Decedent’s death, the insurance policy paid dividends to the Child totaling...
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...A Life’s Worth by James Adrian S. Amparado Life is beautiful, when you have your loved ones and having an experience of wonderful. The love given, and in return much love received and woven. Living the life of love, that is the life that we should have. Knowing the value of the self, the love and to it, makes the life worth it. This is how I value life, it starts by knowing thy self. This short poem that I made is about a life’s worth of a person. Having knowledge of life running through a person, attaching love and experience to the way of life. One statement made me do it. A statement told by a philosopher named Socrates about life. The most interesting and influential thinker in the fifth century was Socrates, whose dedication to careful reasoning transformed the entire initiative. He pursued genuine knowledge rather than mere victory over an opponent, Socrates employed the same logical tricks developed by the Sophists to a new purpose, the pursuit of truth. Thus, his willingness to call everything into question and his determination to accept nothing less than a suitable account of the nature of things make him the first clear promoter of critical philosophy. Although he was well known during his own time for his conversational skills and public teaching, Socrates wrote nothing. Nevertheless, it is usually assumed that at least the early dialogues of Plato provide an accurate representation of Socrates himself. "The unexamined life is not worth living." Socrates...
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...Annual Worth Analysis Basics So far we learned PW and FW as comparison tools AW analysis is said to be the best comparison tool. AW value is the equivalent uniform annual worth of all estimated receipts and disbursements during the life cycle of the project or alternative AW value is equivalent to the PW and FW values at the MARR for n years AW = PW (A/P, i, n) = FW (A/F , i, n) where n is the number of years for equal-service comparison. When all cash flow estimates are converted to an AW value, this value applies for: every year of the life cycle for each additional life cycle The prime advantage of AW analysis is: 1 2 AW value has to be calculated for only one life cycle not necessary to use the LCM of lives as it is for PW and FW . IE 347 Week 5 Industrial Engineering Dept. 1/8 Dr.Serhan Duran (METU) Annual Worth Analysis Basics When alternatives being compared have different lives, the AW method makes the assumption that: 1 2 3 The service provided by alternatives will be needed for at least the LCM of years or more The selected alternative will be repeated over each life cycle of the LCM in exactly the same manner The cash flow estimates will be the same in every life cycle Example Eric Forman, a project engineer is assigned to start up a new office in Wisconsin. Two lease options are available: Location A Location B First cost, $ $-15,000 $-18,000 Annual lease cost, $ per year -3,500 -3,100 Deposit return, $ 1,000 2,000 Lease term...
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...brought meaning to my life. At some point in our life, we all have adopted some type of theory in our life without knowing it. The Krumboltz’s Social Learning Theory, Super’s Lifespan Theory and Social Cognitive Career Theory are three theories that explain how my career setting and role-play changed due to certain circumstances and life experiences. The career development is one of the concepts that I have learned to greatly appreciate throughout the Career Development Course. Career development refers to the lifelong psychological and behavioral processes as well as contextual influences shaping one’s career over the life span. As such, career development involves the person’s creation of a career pattern, decision-making style, integration of life roles, values expression, and life role self concepts (Herr et al., 2004). As life takes us for a loop, we will encounter choices that may be difficult to decide upon, but through the process of career development one can make wise career choices. The theory that plays an important role in my life now that I have experienced the workforce and school is the Krumboltz's Social Learning and Planned Happenstance. This theory address factors related to my experiences with others and in previous work situations. Having positive experiences and role models working in specific careers may influence the set of careers we consider as options for ourselves. One aspect of Social Cognitive Career Theory addresses the fact that we are likely to consider...
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...bound for the price of a one-month European put option on a non-dividend-paying stock when the stock price is $12, the strike price is $15, and the risk-free interest rate is 6% per annum? The lower bound is [pic] Problem 10.4. Give two reasons that the early exercise of an American call option on a non-dividend-paying stock is not optimal. The first reason should involve the time value of money. The second reason should apply even if interest rates are zero. Delaying exercise delays the payment of the strike price. This means that the option holder is able to earn interest on the strike price for a longer period of time. Delaying exercise also provides insurance against the stock price falling below the strike price by the expiration date. Assume that the option holder has an amount of cash [pic] and that interest rates are zero. When the option is exercised early it is worth [pic] at expiration. Delaying exercise means that it will be worth [pic] at expiration. Problem 10.5. “The early exercise of an American put is a trade-off between the time value of money and the insurance value of a put." Explain this statement. An American put when held in conjunction with the underlying stock provides insurance. It guarantees that the stock can be sold for the strike price, K. If the put is exercised...
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...Is a higher education worth the price of admission ? Unemployment in the United States has been a pertinent issue for the last couple years, and has been perceived as a top priority on Congress’ political agenda. The question remains as to how future generations should prepare themselves moving forward, with regards to their career plans. In other words, how economically sound is it to invest in a higher education. I have decided to explore this topic from different angles. Obviously, the main concern with institutions of higher learning, is financial debt. According to Sam Frizell’s article, “Student Loans are Ruining Your Life. Now They’re Ruining the Economy, Too”, students in the United States are “well over $1trillion in debt, and its starting to hurt everyone.” The reason for this increasing debt, is the result of increasing tuition costs of colleges and universities. Many students who are saddled with an exorbitant amount of debt, are taking longer to pay off their education costs. This issue not only affects the individual trying to pay off his debt, but also adversely affects the economy as a whole, since if students have less money as a result of paying debts, that is less money they will be spending on services and goods. This concept of higher education negatively affecting the economy, goes against conventional wisdom. Obviously, education is generally seen to be vital for the economy, and it is. As Noah Berger and Peter Fisher mention in their article “A...
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...sheet for a business. In the balance sheet, the equity of the owner was shown next to the liabilities. This confused the owner, who argued: My equity is my major asset and so should be shown as an asset on the balance sheet. How would you explain this misunderstanding to the owner? As an accountant, we must first establish what the definition of asset is and what the definition of equity is. An asset is defined as a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefits (Gilbertson et al, 2008). Whereas, equity is the amount of the funds contributed by the owners (the stockholders) plus the retained earnings (or losses) invested to purchase assets, therefore cannot be recognized as asset (Gilbertson et al, 2008). The difference can be further explained by the Accounting equation of Assets, which shows: ASSETS = LIABILITIES + OWNER’S EQUITY From the equation we can derive that assets are comprised by liabilities and owner’s equity. Therefore, equity cannot be shown as an asset on the balance sheet because equity is the balance of assets minus the liabilities of the owner. So when we look at the Accounting Equation rearranged, it shows: OWNER’S EQUITY = ASSETS – LIABILITIES Equity cannot be regarded as an asset because it is considered a “borrowed” income provided by the owner for the business. In general, equity can be thought of any assets after all its debts associated with...
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...What are the Values in Life? Grand Canyon University Legal and Ethical Principles in Healthcare HLT-305 Professor Chornick January 10, 2014 What are the Values in Life? I think the answers to these questions are going to vary quite a bit from person to person. To me an ideal is what motivates a person and makes them who they are. The most important to me, would have to be allowing other people the respect and dignity I feel human beings should get. I think keeping as many options as possible open to oneself in life is important as well. The distinction between right and wrong, and good and evil is also important to me. Worth isn’t necessarily how much money or how many assets a person can accumulate. Worth to me is the do’s and don’ts, and the shoulds and shouldn’ts I live by in order to be accepted by others (Saban, 2013). If a person feels good about what they have accomplished, their worth increases. If a person is a little insecure about themnselves, their self worth might tend to be a little on the low side. According to Aristotle, a virtue is something learned through practice at a very young age (Sparknotes, 2013). I think some of the important virtues a person should possess are friendliness, accountability for one’s actions, compassion, dignity, reverence, meaning the sacredness of human life, nobility or having high moral standards, and understanding. I remember reading somewhere once that if admirable character traits are called virtues, then their opposites...
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...Measuring our worth Jodie L. Hebner Grantham University Introduction In 1968, Ford Motor Company had to create a hard decision regarding recalls/maintenances of the Pinto model car and other vehicles with the same frame. It was exposed that when hit from behind the fuel tank on said vehicles would detonate causing vehicle fires injuring people and even killing people. The estimated repair per vehicle was $11, equaling approximately $121 million to make the changes to all the vehicles that were already produced. By using the risk/benefit analysis process Ford Motor Company, concluded that the risk did not outweigh the cost of implementing the changes to prevent he fuel tank from exploding. (Hartman & DesJardins, 2013) How should the decision-making process be handled? The decision making process would be controlled very carefully so as to not look like a company that does not care around the lives of the people they who they bearing business. People must like a company to keep recurring or even mentioning to their friends and family. If a business achieves badly or has bad customer facility, people will nervous away from that organization and go to a challenger without looking back. The assessment Ford made was risky business decision by not modifying the problem with the fuel tank, however Ford was observing out making a profit even though they saw...
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...The Value of Life Should people put the value of life into monetary value or should life be kept solely as an emotional quantity? People and societies throughout the ages have been trying to answer the problem of putting the value of life into terms of dollar bills. The ancient Egyptians buried their dead with all of their worldly belongings. They believed a person’s monetary worth on Earth was over, and they should take all of that earthly worth with them to the afterlife. Modern day Americans are different from the Egyptians. Today people believe that the families of the dead should be compensated for “their” loss. It is true that life is a precious commodity much like a diamond. But unlike a diamond, life has no set monetary value. But today’s government is trying to change that. After the tragedies of September 11, 2002, the federal government started a federal fund to help the victims and families of victims of the attacks. This fund would give priority to people who were injured in the attacks, then to the spouse, and then to the parents. Sounds great doesn’t it? Your husband dies and now you just lost your income, and the government is going to pay you for your loss. Well don’t jump on the bandwagon so fast now. This might sound great now, but once you are knee deep in the program, it won’t be so fun. To figure out how much money a person will receive from this fund is determined by a multi-step process. First they figure out how much an individual would have earned had...
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...The Value of a Higher Education Parents often look at the positive outcomes of sending their children off to college but never view the negativities. America is obsessed with college. In class, we read Kathleen Porter’s article, “The Value of a Higher Education” where she states no matter how much college is worth, in the end its worth going the extra mile, even for the people that can’t afford it. Never say never because dreams are always worth chasing for. In the other hand Linda Lee in “The Case Against College” she objects a strong belief towards a college degree. She argues that a college degree or higher education isn’t right for everyone and that there are other possibilities to be successful in life. Students should strongly agree with Porter’s position. In which a college degree is worth having, because its benefits are having a higher paying salary, having a better future for oneself/being successful, and meeting up to the requirements. A higher paying salary will benefit you in the long run. Katherine explains that college graduates who take the time and dedication to study and achieve what they want to be in life will be successful. Having a college degree will grant you a high paying job. For example if you want to pursue a career in the medical field such like myself, I would need a degree, and not only will that degree grant me happiness but also the income that I will be earning. Having a degree will always put you on top of a well paying job. Containing...
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