rate fluctuations may impact on profits. Hedging is some form insuring revenues from exchange rate fluctuations. QN1. Compare the hedging alternatives for the THB with a scenario under which Blades remains un-hedged. Do you think Blades should hedge or remain un-hedged? If Blades should hedge‚ which hedge is most appropriate? Net Baht to be paid/received in 3 months = 45‚000 pairs × 4‚594 per pair =206‚730‚000 Baht outflows ………………………..18‚000 (pairs) × 3000 (Cost per
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This paper serves to argue in favor of cultural relativism‚ which claims that the correct moral standards are relative to a certain culture or society. This argument suggests that “an act is morally acceptable just because it is allowed by the guiding ideals of the society in which it is performed‚ and immoral just because it is forbidden by those ideals” (Landau‚ 2001). I will first present cultural relativism and its implications. As we move past the central argument‚ I will present a series of
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Do you think people’s personality are the same ? Personality is the most difficult terminology to understand and describe. In short‚ Personality is the sum total of ways in which an individual reacts to and interacts with others. For example‚ you could have some friends who are more talkative than others. You may have some friends who love to be taken risks and others who are risk-averse. This consistency is an essential requirement for personality theory because it attributes a person’s behavior
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Ruth Villagra The Cultural Differences Argument for Moral Relativism. Moral Relativism is generally used to describe the differences among various cultures that influence their morality and ethics. According to James Rachels‚ because of moral relativism there typically is no right and wrong and briefly states : “Different cultures have different moral codes.” (Rachels‚ 18) Various cultures perceive right and wrong differently. What is considered right in one society could be considered wrong
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How Do You Think the Problem of Priestless Parishes Should Be Addressed? Throughout Britain‚ Catholics living in rural areas have been hit hard by the vocations crisis. Inevitably the small fragile communities have been the first to lose their priests‚ but if current trends continue the big-city parishes may soon be facing similar problems. The bishops of England and Wales keep telling us this is the "age of the laity‚" but without priests to minister to us‚ the future looks bleak. In 2014‚ 49153
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“What you do‚ the way you think‚ makes you beautiful” “What you do‚ the way you think‚ makes you beautiful” this quote by Scott Westerfeld means that if when the right thing is done ‚ or when someone tries to do the right thing ‚ and when they think good thoughts about other people ‚ and other things. When someone has good intentions‚ It makes them beautiful. That it is what true beauty is‚ it’s what’s on the inside‚ and not what other people see that’s on the outside
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For Rachels and Rachels‚ "The Challenge of Cultural Relativism‚" in Abel pp. 397-409. All of your responses should be written in complete sentences. What is the “Cultural Differences” argument? Different cultures have different moral codes. Therefore‚ there is no objective "truth" in morality. Right and wrong are only matters of opinion and opinions vary from culture to culture. Why do Rachels and Rachels think it is a bad argument? The conclusion does not follow from the premise that is‚ even if
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We always tell kids to follow their dreams‚ but is that always the best advice? Could we really be sending them down the wrong path by telling them that they could be an athlete? So this is my question to you: should kids strive to become an athlete or should they focus on other things? Who should kids idolize: a snobby‚ rich‚ selfish‚ athlete or a noble peace award winner? In my opinion sports should not be pursued by most kids because it could hurt them in the long run. So do the kids even have
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Literature of a culture is a powerful window that enables one to view‚ understand and emulate with the outlook of cultural transposition when studied along with anthropology‚ sociology and history. Relativism is reflected in any cultural studies. Therefore‚ it is very significant that such literatures be written by the bona fide individuals who belong to that culture rather than others which may not reflect the reality or mar the picture with uncommon biased outlook. Historically many indigenous
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9/30/14 MRA: “The Challenge of Cultural Relativism” In the text "The Challenge of Cultural Relativism‚" James Rachels breaks down and discusses the theory of Cultural Relativism by presenting the pros and cons of this theory. He exposes some of the shortcomings of the theory arguing that some of the claims are wrong and contradictory. The theory of Cultural Relativism states that “there is no such thing as universal truth in ethics; there are only the various cultural codes.” In other words‚ the
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