they owed no duty of care towards the appellants. However, it has been established that the English courts develop incrementally hence; the focus here will be on economic loss which was first illustrated in Hedley Byrne, how it has led to similar decisions in subsequent cases and how the law has developed ever since. Prior to the extension of the law regarding negligent misstatements in Hedley Bynre, it was accepted that liability for negligent misstatements could only arise in exceptional circumstances
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A. Torts 1. Compensatory and Punitive Damages Tort law involves civil liability between private parties. A plaintiff who wins a tort suit usually recovers the actual damages or compensatory damages that she suffered because of the tort. Depending on the facts of the case, these damages may be for direct and immediate harms, such as physical injuries, medical expenses, and lost pay and benefits, or for harms as intangible as loss of privacy, injury to reputation, and emotional distress. In
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not more, concerned with making sure the emotional needs of the team are being met. Participative leaders value their people and encourage them to stay involved and share their ideas. The leader actively seeks input from the team when making decisions or solving problems but retains the final say when choices are made. Research has shown that participative leadership works well “…when a team needs to think creatively to solve complex problems, improve productivity or develop a new product…” (McCrimmon
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yet neglected in today’s modern business; values and ethics. Values pertain to ideals or customs held in high regard by a certain individual or group. Ethics are the principles that have been instilled within a person that, in a way dictate the decisions made by that individual. Integrity is one important source of professional values and ethics because it builds a network of trust. A majority of Americans most successful business have been built on integrity. To possess integrity as an individual
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Man is under two great masters, pain and pleasure. The great good that we should seek is happiness. (a hedonistic perspective) Those actions whose results increase happiness or diminish pain are good. They have “utility.” 1 Jeremy Bentham’s Hedonistic Calculus ! Four Theses of Utilitarianism ! ! ! In determining the quantity of happiness that might be produced by an action, we evaluate the possible consequences by p q y applying several values: Intensity, duration, certainty or uncertainty
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Iowa Tax Case Could Cost Nation’s Franchises September 2010 Franchising World Franchisors should also expect the impact of the decision in KFC Corp. to extend beyond Iowa. The Iowa Supreme Court in late May heard oral arguments in KFC Corp. vs. Iowa Department of Revenue, a case that could have a substantial financial impact on franchisors across the nation. Iowa asserted that KFC is subject to the state’s corporate income tax based solely on the fact that it received royalties from franchisees
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ACCOUNT PLANNING MANAGEMENT MCC2543 ASSIGNMENT 1 CONTENTS Part 1: Research Background 1. Company/Product Background 2. Research Problem 3. Research Question 4. Research Objective 5. Methodology Part 2: Finding and Recommendation Report 1. Problem Identification 2. Identification of Consumer Behavior 3. Demographics and Regional Subcultures 4. Consumer Expectations 5. Consumer Motivations 6. Brand Loyalty 7. Creative
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(Smith, p. 277-278). Even though the shareholder dominates the corporate law structure, the shareholder is mainly expressed under the law that relates to fiduciary duties. The directors are obligated to make decisions which benefit the shareholders. The shareholder primacy norm is thus the fiduciary duty aspect. The shareholder primacy theory is rooted to the early decisions in the Dodge versus Ford Motor Company case in the Michigan Supreme Court in 1919. The court ruled that the managers are required
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Production and Operations Management –MGT613 INTRODUCTION TO PRODUCTION AND OPERATIONS MANAGEMENT VU Lesson 01 POMA Previously called Production Management Then Production and Operations Management Often called Operations Management Should not be confused with Operations Research or Production Management which are the domain of Mechanical and Industrial Engineering. THE COURSE CONTENT Tentative Course Content Units of Learning wise Unit I ( Introduction and Productivity, Strategy and Competitiveness)
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C2922 Economics Utility Functions T.C. Johnson October 30, 2007 1 Introduction “Utility” refers to the perceived value of a good and utility theory spans mathematics, economics and psychology. For example, if you prefer vanilla ice-cream to chocolate, you would assign greater utility to vanilla ice-cream than to the same quantity of chocolate ice-cream. The fact that different agents have different utilities for goods is the basis of all markets. In the context of actuarial science, the focus
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