Thomas Aquinas, Baruch Spinoza, Gottfried Wilhelm Leibniz, Hugo Grotius, John Locke and Jean Jacques Rousseau. These philosophers all contributed to the concept of "natural law" which set the stage for wide recognition of human rights and freedoms. Natural law holds that people are born in an innately "good" state, and that certain fundamental rights can be reasonably deduced from this fact. Great precedents in the recognition and protection of specific human rights lie in such documents as the
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Guttal (2006) recognises the discrepancy in the ideology and reality of the effects of globalisation and argues that globalisation may bring prosperity, increased access to knowledge and better living standards, through the creation of positive economic and political convergences there are risks, as it can also be viewed as antagonistic and hegemonic towards local populations and economies. (example) Global Expansion – Opportunities and Challenges Levene (2010) muses that globalisation is a contemporary
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Academy of Management Executive, 2004, Vol. 18, No. 2 ........................................................................................................................................................................ Managing ethically with global stakeholders: A present and future challenge Archie B. Carroll In the early 2000s, the era of corporate fraud and corruption defined by the ethical wrongdoing of Enron, WorldCom, Tyco, Arthur Andersen, and HealthSouth captured the world’s
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Scarcity Scarcity is a “fundamental concept of economics that indicates that there is less of good/resources freely available from nature than people would like” (James Gwartney). These goods or resources can be Human, Physical or Natural resources such as workers, machines or acres of lands. In our textbook, Gwartney explains that by supplying our ever growing population, our natural resources just cannot provide an unlimited number of different goods and services. Scarcity also means that we all
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Q. No 6 . What are the different types of ratios you would use while analyzing the financial statements of a company? Give examples of each of these types. Answer 1: The different types of financial ratios used in the analyzing financial statements of a company are: 1. Liquidity Ratios 2. Leverage Ratios 3. Turnover Ratio 4. Profitability Ratio 5. Valuation Ratio Let us consider the Profit and Loss A/c and Balance Sheet of OM Enterprises Limited to illustrate
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The right to a clean environment is a guaranteed fundamental right. As, a proper and healthy environment enable people to enjoy a quality of life which is the essence of the right guaranteed under Article 21 of the Constitution of India. Correspondingly, the state and the citizens are under a fundamental obligation to protect and improve the environment, including the forest, lakes, rivers, wildlife and to have a compassion
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MARKETING FUNDAMENTALS (BMAN 70441) University Student ID: 7922185(0) Application of the marketing mix is no longer relevant for firms adopting a contemporary approach to marketing. Is this statement true? Write an essay that critically assesses this statement with reference to relevant literature and briefly outline suitable practical examples of firm’s practices where appropriate. Introduction Marketing developed as a distinctive
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Corporate social responsibility History: The history of today’s CRS theory has a long and wide spreading background. Despite the concept of CSR being growing, manifested and flourished in recent times, the late 1800s (industrial revolution) is considered to be the beginning of CSR concept and practice, when creating more productive employees were the main concern for promising business. One might argue to differentiate the social and business reason behind. Carnegie, Cadbury and Lever were
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Journal of Economics, Business and Management, Vol. 1, No. 1, February 2013 Corporate Social Responsibility to Reflect Organization‟s Corporate Identity: A Content Analysis Musdiana Mohamad Salleh, Nabsiah Abdul Wahid, and Malliga Marimuthu Abstract—The authors propose corporate social responsibility (CSR) as a useful element in reflecting an organization’s corporate identity (CI) to its target audiences. The inclusion of CSR highlights organization’s role as a ‘good’ citizen in society and is
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accountability can be discharged. The stockholders' interest, both short- and long-term, is one of the areas. But it is only one. Peter Dnicker, 1988 Harvard Business Review W HAT is ethically responsible management? How can a corporation, given its economic mission, be managed with appropriate attention to ethical concerns? These are central questions in the field of business ethics. One approach to answering such questions that has become popular during the last two decades is loosely referred to as
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