...philosopher’s views on topics such as the division of labor and productivity, and how each played a role in the implementation of laissez-faire economics. Smith believed that the adoption of this type of system would create an ideal society through supply and demand enterprise. Karl Marx once prophesized that a working-class revolution was inevitable due to effects of capitalism and free-markets. Drawing his ideologies from his observations during the Industrial Revolution, Marx realized that social inequality existed between the proletariat and the bourgeoisie....
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...under constant scrutiny from average citizens to pundits. Critics evaluating a leader’s strength do not think that strong leaders are people who simply have a lot of state power; an autocrat is not necessarily “strong.” Effective, strong leaders are considered “strong” because of their resourcefulness. Turmoil is inevitable, and a leader must be prepared for the worst. If French and American colonial leaders were unprepared to respond to the oppression they felt respectively from the French and British monarchies, neither the United States nor the French Republic, two very powerful states, would have ever been formed. Similarly, the decline of the French and British monarchy’s power can be attributed to poor defense preparation for the Revolutions they each faced. Renaissance politician, Niccolo Machiavelli, explains that traits of a strong leader primarily revolve around cunning diplomacy and militaristic success in his political essay, “The Qualities of a Prince.” Machiavelli notes that several prosperous states from his time,...
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...Chapter 1 What is Business? 1. Differentiate the three meanings of business as commerce, occupation and organization and identify the four main kinds of productive resources. 2. Understand the forces of supply and demand determine fair or market price. 3. Appreciate how a company’s business model is the source of its competitive advantage and the difference between profit and profitability 4. Recognize the way specialization and the division of labor through the “invisible had of the market” lead to increasing profit and wealth. 5. List the reasons why business organizations are created to structure business exchanges and facilitate business commerce. Definitions of Business Business has three dimensions of a meaning A commerce An occupation An organization * Business as a commerce is the process that people produce, exchange and trade goods and services * Business as an occupation is the acquired set of specialized skills and abilities that allows people to create valuable goods and services * Business as an organization is the system of task and authority relationship that coordinates and controls the interactions between people so that they work toward a common goal * Business as a system is a combination of business commerce, occupations, and organizations that produces and distributes the goods and services that create value for people in a society Factors of Production * Regardless of meaning there are four crucial ingredients...
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...edition by Carl J. Guarneri. According to the two authors the history of United States since 1965 somehow differs. According to (Tindall, George Brown, and David, 196), the period of reconstruction, lasting from 1865 to 1876 was a period when the nation tried to restructure itself and incorporate the southern states which became part of the union. The freed men from the South had found themselves with no system to control them in their lives. So they had to look for a way to incorporate them in a still society that was biased against them. The reconstruction dealt with the transformation of southern states. During this period, a little social or political agreement was available on issues such as who was supposed to vote and how the southern states were going to rebuild themselves after the destruction of their centers and losing slave labor. The reconstruction was enabled by presidents Abraham Lincoln and Andrew Johnson who tried to make the south come back to normal. Even though the reconstruction was seen as a significant chapter in History, it is also considered as a failure because became poor (Tindall, George Brown, and David, 200). The reconstruction process was made...
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...Autobiography of Andrew Carnegie CHAPTER I CHAPTER I CHAPTER II CHAPTER II CHAPTER III CHAPTER III CHAPTER IV CHAPTER IV CHAPTER V CHAPTER V CHAPTER VI CHAPTER VI CHAPTER VII CHAPTER VII CHAPTER VIII CHAPTER VIII CHAPTER IX CHAPTER IX CHAPTER X CHAPTER X CHAPTER XI CHAPTER XI CHAPTER XII CHAPTER XII CHAPTER XIII CHAPTER XIII CHAPTER XIV CHAPTER XIV CHAPTER XV Autobiography of Andrew Carnegie 2 CHAPTER XV CHAPTER XVI CHAPTER XVI CHAPTER XVII CHAPTER XVII CHAPTER XVIII CHAPTER XVIII CHAPTER XIX CHAPTER XIX CHAPTER XX CHAPTER XX CHAPTER XXI CHAPTER XXI CHAPTER XXII CHAPTER XXII CHAPTER XXIII CHAPTER XXIII CHAPTER XXIV CHAPTER XXIV CHAPTER XXV CHAPTER XXV CHAPTER XXVI CHAPTER XXVI CHAPTER XXVII CHAPTER XXVII CHAPTER XXVIII CHAPTER XXVIII CHAPTER XXIX CHAPTER XXIX Autobiography of Andrew Carnegie Project Gutenberg's Autobiography of Andrew Carnegie, by Andrew Carnegie This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org Title: Autobiography of Andrew Carnegie Author: Andrew Carnegie Editor: John C. Van Dyke Release Date: March 13, 2006 [EBook #17976] Language: English Character set encoding: ISO-8859-1 *** START OF THIS PROJECT GUTENBERG EBOOK AUTOBIOGRAPHY OF ANDREW CARNEGIE Autobiography of Andrew Carnegie 3 *** ...
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...mine alone; and The work has not been submitted previously, in whole or part, to qualify for any other academic award; and The content of the thesis is the result of work that has been carried out since the official commencement date of the approved research programme. THOMAS R. ROWLES iii TABLE OF CONTENTS Chapter Introduction 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Introduction Purpose of the Study Sombart’s Hypothesis An Alternative Model; Entrepreneurial Decision-making Context: The Industrial Revolution and ‘Profit’ The Changing Nature of ‘Investment’ The Great Depression of 1873-96 Intellectual Introspection Irving Fisher and the Conception of Capital and Income 17 17 17 23 25 26 30 32 34 34 35 36 38 38 38 39 43 46 49 50 51 54 55 1.10 Research Issues Identified 1.11 Summary Derivation of Research Issues 2.1 2.2 Introduction Evidence from Extant Accounts 2.2.1 Fixed Assets in Mercantile Accounting 2.2.2 The East India Company 2.2.3 Fixed Assets and Early Industrial Accounting 2.2.4 Capital Asset Accounting After 1870 2.2.4.i Renewal Accounting 2.2.4.ii Double-Account System 2.2.4.iii A Rejected Hypothesis 2.3 Steam and Iron: the ‘Railway Age’ iv 2.3.1 ‘Loco motion’: An Evolving Technology 2.4 2.5 2.6 2.7 Research Issues Methodological Approach Structure of the Thesis Summary 59 68 69 70 72 74 74 75 77 77 79 79 81 82 86 88 Evaluative Framework 3.1 3.2 3.3 Introduction Static Equilibrium Analysis...
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...editorial support, and to Autrement for allowing me to make the English version accessible here. INTRODUCTION This book is about the history of money: how did it begin? how has it evolved to the present day? what has it enabled humans to achieve? and why do so many people in the world today have problems with it and suffer from the way it works? The book is also about the future: how may money develop further? how might we want it to develop? Humans are the only creatures that use money. Animals and birds and insects and fishes and plants exist together in the world without it. But in human societies the earning and spending of money has become one of the most important ways we connect with one another. Most of us have to have money. We need to get enough coming in to match what we need to pay out. We all need to understand at least that much about money. But there is more to it than that. Over the centuries, money has reflected changes in politics and government, in economic life and power, in science and technology, in religious and other cultural beliefs, in family and neighbourhood life, and in other aspects of how we live. And it has not just reflected those changes; it has also helped to bring them about. Knowing something about how that has happened can help us to see how the role of money in people's lives may continue to change, and how we think it should change, as an aspect of the future of our "global village". For young people growing up in the...
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...Environmental Problem: Defined The environmental issue that my research will focus on is the continued use of fossil fuels as the primary energy source by our global economy: regardless of the proven adverse impacts, from our reliance on these nonrenewable resources; and in consideration of the circumstances regarding the existence of viable alternative sources of energy, given the application of equivalent technologies applied to their systems of conversion. The focus of this paper is not to identify evidence of the negative impacts realized because of fossil fuel use, in order to prove these problems are in fact produced. Confirmation has been granted through several other research projects, in regards to those problems and aspects included within the scope of this research project. As for those problems or related aspects excluded in the scope of this project, debate does exists; along with there being variations present in the range of impacts believed to be associated with fossil fuel use. That is, the limits of my research were configured according to the impacts that are evident regardless of opposing viewpoints and variations in perspective. The study will not include research that supports that viable alternative, renewable energy sources are available either. This would be redundant as well considering the practical applications in use throughout the world, diverting any debate that may exist to the alternative sources in theory. Specifically, the three main impacts...
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...Learning Objectives Chapter 1 1 Distinguish between business and not-for-profit organizations. 2 Identify and describe the factors of production. 3 Describe the private enterprise system, including basic rights and entrepreneurship. 4 Identify the six eras of business, and explain how the relationship era—including alliances, technology, and environmental concerns—influences contemporary business. 5 Explain how today’s business workforce and the nature of work itself is changing. 6 Identify the skills and attributes managers need to lead businesses in the 21st century. 7 Outline the characteristics that make a company admired by the business community. iStockphoto The Changing Face of Business S nuggie: The Break-out Blanket Hit I f the first thing you do when preparing to curl up with a good textbook like this one is to reach for your Snuggie, you have plenty of company. Sales of the funky blanket with sleeves were expected to reach as high as 20 million units in just the second year the cozy accessory was available. Combined with the 5 million blankets sold in the first year, that volume will bring the value of total retail sales of the Snuggie to more than $300 million. That’s a respectable profit for an inexpensive product whose unique design and ungainly shape have made it the butt of YouTube parodies and late-night talkshow jokes. It means Allstar Marketing Group, which markets the Snuggie, is obviously doing something ...
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...Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. 4 Chapter PLANNING BUSINESS MESSAGES Multiple Choice 1. The three primary steps involved in preparing a business message are a. planning, writing, and completing. b. informing, persuading, and collaborating. c. defining the purpose, the main idea, and the topic. d. satisfying the audience's informational, motivational, and practical needs. ANSWER: a; DIFFICULTY: easy; PAGE: 90; TYPE: concept 2. In developing business messages, the stage during which you step back to see whether you have expressed your ideas clearly is the a. planning stage. b. writing stage. c. completing stage. d. feedback stage. ANSWER: c; DIFFICULTY: moderate; PAGE: 91; TYPE: concept 3. In preparing business messages, you should devote about ______ percent of your time to planning. a. 10 b. 20 c. 50 d. 70 ANSWER: c; DIFFICULTY: moderate; PAGE: 91; TYPE: concept 4. Which of the following is not a general purpose common to business communication? a. To inform b. To persuade c. To negotiate d. To collaborate ANSWER: c; DIFFICULTY: moderate; PAGE: 92; TYPE: concept 5. An example of a specific purpose for a business message would be a. to impart information to the audience. b. to inform employees about the new vacation policy. c. to persuade readers to take an action. d. to obtain audience participation and collaboration...
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...PRINCIPLES OF MANAGEMENT Business Principles of Toyota Motor Corporation Toyota follows certain well-defined business principles guiding its functioning. These are: 1. Honour the language and spirit of law of every nation and undertake open and fair corporate activities to be a good corporate citizen around the world. 2. Respect the culture and customs of every nation and contribute to economic and social development through corporate activities in local communities. 3. To provide clean and safe products and to enhance the quality of life everywhere. 4. Create and develop advanced technologies and provide outstanding products and services that fulfil the needs of customers worldwide. 5. Foster a corporate culture that enhances individual creativity and teamwork value, while honouring mutual trust and respect between management and labour. 6. Pursue growth and harmony with global community through innovative management. 7. Work with business partners in research and creativity to achieve stable, long-term growth and mutual benefits and be open to new partnerships. These principles, will guide the company in its global vision 2010. This global vision envisages continuous innovations in future, use of environment friendly technologies, respecting and working with different sections of society and establishing an interactive relationship with society. Based on www.toyota.co.jp/en/enviornmental_rep/03 /rinen.html on 17.10.2006 CHAPTER L E A R N I N G OBJECTIVES 2 After...
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...University of Kassel Governance of the World Market: Institutions, Instruments and Experiences (MCC III) Prof. Christoph Scherrer Winter Semester 2015/2016 The Analytical difference in Conceptualising the Russia-Ukraine Conflict in Realist and Materialist Terms Kofi Adu Frimpong Kholmati Kholik Global Political Economy Global Political Economy 33423968 33420343 kadfrimpong@yahoo.com kkholik@gmail.com 15/03/2016 Abstract The so called Euromaidan revolution – Ukraine’s struggle to move one step further to closer ties with Europe by liberating itself from the Russian orbit, have created the Russia-Ukraine Crisis. It has re-established and heightened the tensions between Russia and West. Realism has been on the fore front of the academic discussion in explaining the crisis as the power competition between Russia and the West. Alternatively, Materialism has provided a different yet deeper analytical perspective on the conflict by attributing it to the broadening of the transnational class capitalism. This paper will seek to explain and scrutinize the analytical differences in conceptualizing this crisis in Realist and Materialist terms. Keywords: Ukraine crisis, Realism, Security, Materialism, Lockean heartland, Contender states Table of Contents 1 Introduction 4 2 Theoretical framework 5 2.1 Theoretical underpinnings of the Realist school of thought 5 2.2 Theoretical underpinnings of Materialism: Amsterdam School Approach 7 2...
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...million," Cohen recalled. "We were competing head-to-head with Microsoft, Netscape, Oracle, Sun-all the big boys. And we were 82 playing this very big-stakes game for e-commerce. IBM had a huge sales force selling all this e-commerce software. One day I asked the development director who worked for me, 'Say, Jeff, walk me through the development process for these e-commerce systems. What is the underlying Web server?' And he says to me, It's built on top of Apache.' The first thing I think of is John Wayne. 'What is Apache?' I ask. And he says it is a shareware program for Web server technology. He said it was produced for free by a bunch of geeks just working online in some kind of open-source chat room. I was floored. I said, 'How do you buy it?' And he says, Tou download it off a Web site for free.' And I said, 'Well, who supports it if something goes wrong?' And he says, 'I don't know-it just works!' And that was my first exposure to Apache . . . "Now you have to remember, back then Microsoft, IBM, Oracle, Netscape were all trying to build commercial Web servers. These were huge companies. And suddenly my development guy is telling me that he's getting ours off the Internet for free! It's like you had all these big corporate executives plotting strategies, and then suddenly the guys in the mail room are in charge. I kept asking, 'Who runs Apache? I mean, who are these guys?'" Yes, the geeks in the mail room are deciding what software they will be using and...
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...of Scholarly Commons at Hofstra Law. For more information, please contact lawcls@hofstra.edu. Spieler and Murray: Management Controlled Firms v. Owner Controlled Firms: A Historic MANAGEMENT CONTROLLED FIRMS v. OWNER CONTROLLED FIRMS: A HISTORICAL PERSPECTIVE OF OWNERSHIP CONCENTRATION IN THE US, EAST ASIA AND THE EU Andrew C. Spieler* & Andrew S. Murray" ABSTRACT This paper will present a historical perspective on the relationship between owner controlled firms and management controlled firms in the US, Europe, and East Asia, and the degree to which concentration of ownership correlates with higher firm valuation. We will discuss how agency theory defines the degree to which owner and manger interests diverge. We will also discuss how that divergence as well as the costs of aligning the interests contributes to lower valuations for these firms. In addition, we present theories as to why the US financial structure and corporate governance...
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...Sociologists consider occupation, income, education, gender, age, and race as dimensions of social location.(4) 3. d All three statements reflect ways in which the social sciences are like the natural sciences. Both attempt to study and understand their subjects objectively; both attempt to undercover the relationships that create order in their respective worlds through controlled observation; and both are divided into many specialized fields. (5-7) 4. c Generalization is one of the goals of scientific inquiry. It involves going beyond individual cases by making statements that apply to broader groups or situations. (7) 5. b The Industrial Revolution, imperialism, and the development of the scientific method all contributed to the development of sociology. The fourth influence was the political revolutions in America and France — there was no political revolution in Britain at that time. (8-9) 6. d Positivism is the application of the scientific approach to the social world. (9) 7. d Of the four statements, the one that best reflects Herbert Spencer’s views on charity is “The poor are the weakest members of society and if society intervenes to help them, it is interrupting the natural process of social evolution.” While many contemporaries of Spencer’s were appalled by his views, the wealthy industrialists found them attractive. (10) 8. b The proletariat is the large group of workers who are exploited by the small group of capitalists who own the means of production, according to Karl...
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