means that avoid harm to, protect, or enhance social assets. General Electric in the Jack Welch Era fulfilled its corporate social responsibility but by marginal measures. Yes, GE fulfilled its economic responsibilities to society but it is a corporation’s duty to go beyond the lawful execution of their economic functions. Thus, in my opinion, GE could have done better, much better considering its huge financial successes from 1981 through 2001. According to the text, in spite of GE’s financial net earnings
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create values for their companies and their shareholders. In this article, the author, noted professor emeritus Alfred Rappaport, set out ten basic governance principles for companies to realize the potential of creating shareholder value. In the real world, there is only Berkshire Hathaway that is likely to implement all these principles. It is obvious that more and more CFOs and other top executives followed Berkshire Hathaway's legendary CEO, Warren Buffet, management skills by following his footsteps
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market. We will start by getting acquainted with the general scope of this market by looking at characteristics such as the state of the market, the competition, and market share. When analyzing supply, we will consider certain market trends and economic principles such as the various determinants of supply and its elasticity. Likewise, we will consider variables and statistics when discussing demand. We will also analyze the differentiation between a complement and a substitute in this market, and why
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Brara “A business proposal is a written offer presented from a vendor that is intended to elicit business from a prospective buyer” (Maier, 2003). Economic principle is a “statements about economic behavior or the economy that enables prediction of the probable effects of certain actions” (McConnell, Brue, & Flynn, p. 6, 2009) “principles are incorporated into models, which are simplified representations of how something works, such as a market or segment of the economy” (McConnell, Brue
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The Convergence of Accounting Standards The need for accounting standards and recordkeeping of financial statements became necessary as economic development became more complex and the rise capital markets became necessary to support economic growth. Financial information is the language businesses use to communicate their capabilities to potential investors, lenders and other users this information. However, for this information to be useful it needed to be reliable, relevant and comparable. These
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Data Protection Act 1998 – The Principles explained Introduction There are eight guiding principles to the Data Protection Act 1998 (DPA) which the council must adhere to when processing personal data. The DPA defines processing as obtaining, organising, adapting, accessing, using and deleting. 1. First Principle “Personal data shall be processed fairly and lawfully” In order to comply with the first principle; one of the following conditions from Schedule 2 must be met if personal data is
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. . . The word economy comes from a Greek word for “one who manages a household.” Scarcity. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have. Economics is the study of how society manages its scarce resources. Efficiency v. Equity Efficiency means society gets the most that it can from its scarce resources. Equity means the benefits of those resources are distributed fairly among the members of society. The opportunity
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|eliminating Kant’s “things-in-themselves” (external reality) and making the self, or the ego, the ultimate reality. Fichte | |maintained that the world is created by an absolute ego, which is conscious first of itself and only later of non-self, or the | |otherness of the world. The human will, a partial manifestation of self, gives human beings freedom to act. Friedrich Wilhelm | |Joseph von Schelling moved still further toward absolute idealism by construing objects or things as the
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important because majority of the time the data contains information about the organization’s equity and economic resources. Developing and analyzing ethical standards carefully allows organizations to stay in compliance with those standards formed for the health care community. Poor ethics and financial planning sometimes effects consumers. According to Nelson (2011), “Basic ethics principles that make up our common morality, including respect for patients, acting in patients’ best interest, avoid
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Q7. What are basic principles of a sound tax system? Give a detailed account of aforementioned basic principles. Ans. The fundamental purpose of taxation is to raise the revenue necessary to fund public services. While there are many ways to achieve this goal, a widely agreed-upon set of principles should be used to evaluate tax systems. There are five commonly cited principles of sound tax policy: equity, adequacy, simplicity, exportability, and neutrality. Equity: Two Kinds of Tax Fairness
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