Some Ethical Theories: Consequentialism: Acts are right if they have good consequences, wrong if they have bad consequences. Hedonistic Consequentialism: [Bentham] Consequences are to be judged according to the amount of pleasure and pain they include. The more pleasure (and the less pain), the better. Ethical Egoism: Consequences are to be judged according to the amount of benefit they afford to the actor. The more beneficial, the better. Each person's sole obligation is to do what will be
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explore the world, globalization has had an effect on every culture. The cultural traditions and belief systems of the first explorers had an effect on the indigenous people of the lands where their ships landed. In modern times, with technology making the world a smaller place, the ability of individuals to take their culture around the world has become simpler. Globalization effects native people in ways both positive and negative. The positive effects include the influx of capital that allows
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A study in Italy researching the potential health effects of living near nine different landfills in the Lazio region found a strong association between Hydrogen Sulphide (a common pollutant released from landfills) and respiratory diseases such as lung cancer, especially in children (F. Mataloni et al
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Public Policy in Economics During week four Team C discussed the effects of externalities on market outcomes. The team reviewed different types of mergers - horizontal, vertical, and conglomerate mergers. The team also analyzed the effect of government interventions, taxation, and regulations on economic behavior. Effect of externalities on market outcomes When discussing the effect of market externalities, we are discussing how an organizations activity evolving around production or consumption
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Exploration and expansion Europe 1400’s The 1400s marked a time of exploration and expansion. The three developments that stimulated the age of exploration and expansion for Europe was agriculture, growth, and technology. Europe was a country based upon agriculture, farming and the raising of livestock which had had been practiced in Europe for thousands of years. Europe was mainly Christian und the authority of the Catholic Church which was also a powerful land
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real-balances effect, the interest-rate effect, and the foreign purchases effect. The real-balance effect indicates that inflation reduces the real value or purchasing power of fixed-value financial assets, held by households, causing cutback in consumer spending. The interest-rate effect means that, with a specific supply of money, a higher price level increases the demand for money, thereby raising the interest rate and reducing investment purchases. The foreign purchases effect suggests that an
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Section 404 of the Sarbanes-Oxley Act: Curse or Blessing for Financial Reporting? Yuliya M. Ford University of Maryland University College Introduction In response to public concerns regarding the accuracy and quality of reported financial information by publicly traded companies, in mid-summer of 2002 Congress passed Public Law 107-204, 116 Stat.745 which is commonly referred to as the Sarbanes Oxley Act (SOX or the Act). The law was passed in large part due to the public outcry of the numerous
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competitors, and the predictability of future cash flows and sustainability. Linear Technology uses regular quarterly dividends, and share repurchases as opposed to special dividends to maintain their target payout ratio. Finally, Linear appears to smooth dividends with dividend growth as opposed to a traditional residual policy. As proposed by Modigliani and Miller, choices in dividend policy do not have an effect on firm value under the assumptions of fixed capital investment and debt policy.
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process of the world becoming smaller in terms of connectivity, communication and breaking down trade and border barriers. It has brought about positive as well as negative effects to the world. This essay will examine how the outcomes of globalisation play a part in developed and developing countries and their impacts on Singapore. Technology can be described as a crucial factor for most globalisation processes. Technological advancements have brought about convenience and the world closer. A study
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both offer their interpretation of the issue in relation to sustainability and freedom of choice, respectively. In No Impact Man, Beavan reveals the environmental issues associated with increased consumerism and attempts to find a way to counter the effects by discontinuing purchase of anything new. In Reich's "The Choice Fetish", he discusses how the sheer number of options available to us can limit our personal freedom because so much of our time is spent mulling over these insignificant choices. He
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