1. Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms? Briefly describe each and use examples. The two forms of utilitarianism that Shaw and Barry refer to are act utilitarianism and rule utilitarianism. The act utilitarianism states that we must ask ourselves what the consequences of a particular act in a particular situation will be for all those affected. If its consequences bring more net good than those of any alternative course of action, then this
Words: 1153 - Pages: 5
professional, semi-professional, amateur; by venue eg venuespecific, touring, festivals; by art forms eg live music, opera, theatre, dance, cabaret, comedy, visual arts (exhibitions, film and video) Audiences: national data usage figures; age and socio-economic breakdown; spectator and participatory activity; widening choice Venues: major entertainment venues eg arenas, stadia, exhibition centres; dedicated spaces eg theatres, concert halls, arts centres, clubs, cinemas, galleries; non-dedicated spaces
Words: 785 - Pages: 4
quantity and price and thus connotes the ranges of prices and quantities for such factors. Therefore, the four factors namely capital, entrepreneurship, land and labor are considered in the factor demand. Investopedia explains derived demand as an economic analytical term used in describing how demand is often placed on a good or service as a result of demand of another good or service (Investopedia, 2013). In a nutshell, derived demand is demand of factors of production by a firm brought about by
Words: 1189 - Pages: 5
Definitions Economics Economics is the study of how human beings coordinate their wants and desires, given the decision-making mechanisms, social customs, and political realities of the society. In reference to economics coordination refers to how three central problems facing any economy are solved. They are: 1. What, and how much, to produce. 2. How to produce it. 3. For whom to produce it. Microeconomics The economic theory is divided into two parts microeconomics
Words: 1082 - Pages: 5
asset management and fund raising for business and financial institutions. At the macro level, finance is the study of financial institution and financial markets and how they operate within the financial systems in both the domestic and global economics. Scholar’s view: “Finance consists of providing and utilizing the money, capital rights, credit and funds of any kind which are employed in the operation of an enterprise.”
Words: 7921 - Pages: 32
Long-Term Investment Decisions Tiffant Lewis Strayer University Dr. Xiaodong Wu ECO 550 March 9, 2014 Introduction One of the most important long term decisions for any business relates to investment. Investment is the purchase or creation of assets with the objective of making gains in the future. Typically investment involves using financial resources to purchase a machine/building or other asset, which will then yield returns to an organization over a period of time. Planning investments
Words: 2357 - Pages: 10
Eco 550 Long-Term Investment Decisions Tiffant Lewis Strayer University Dr. Xiaodong Wu ECO 550 March 9, 2014 Introduction One of the most important long term decisions for any business relates to investment. Investment is the purchase or creation of assets with the objective of making gains in the future. Typically investment involves using financial resources to purchase a machine/building or other asset, which will then yield returns to an organization over a period of time. Planning
Words: 2352 - Pages: 10
Corporations (TNC’s) play a large role in the development of the global economy, through the sharing of research, trade and technological advances between the different countries. They also play a big part in increasing the interconnection in the world’s economic, cultural and political systems, otherwise known as globalisation. Nevertheless there are both positive and negative impacts that TNC’s bring to the global economy, socially, economically, politically and culturally. The world has seen a huge
Words: 1060 - Pages: 5
peoples, communities, traffic, and many more things like budget. This case study is written by Humera BiBi, Saba Yasmeen, Abid Ghafoor Chaudhry and Syeda Aimen Hadi. The aim of the research was to observe the “effects of metro project on the socio-economic and cultural life on business community”. This research was conducted in the area near 6th road Rawalpindi. In the result we can have more adverse impact rather than positive impact on community. Mega project is concern all about local, national
Words: 1231 - Pages: 5
There are many things that can be done when it is discovered that the flights from San Francisco to Washington DC are not covering their expenses. Taking the cost of the flight into consideration and all of the extras one can then figure out what to do. The quick fix on this would be to raise the price of the tickets and see if there are enough people that would take the flight to cover the cost with some profit. If after trying to do this for a couple months there is still no change then it would
Words: 424 - Pages: 2
