Explain the theoretical rationale for the NPV approach to investment appraisal and compare the strengths and weaknesses of the NPV approach to two other commonly used approaches. One of the key areas of long-term decision-making that firms must tackle is that of investment - the need to commit funds by purchasing land‚ buildings‚ machinery‚ etc.‚ in anticipation of being able to earn an income greater than the funds committed. In order to handle these decisions‚ firms have to make an assessment
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Behaviourist approach This approach refers to behaviour being mainly influenced by the environment also by reinforcing rewards for positive behaviour and punishments for negative behaviour. B.F. Skinner investigated Operant Conditioning of voluntary and involuntary behaviour. He explained that behaviour occurs for a reason‚ and the three main behaviour shaping techniques are positive reinforcement‚ negative reinforcement and punishment. Behaviourism has been criticised in the way it under-estimates
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with various theories to explain the complexity of human behavior‚ and with some of these being similar or different from each other. These theories and ideas were then simplified and categorized into three theoretical approaches‚ which are functionalism‚ conflict‚ and interactionism (Witt‚ 2014 pg ). Regardless of the difference in their views‚ these theoretical approaches help to provide the frameworks for what we observe within the structure of society. These theoretical approaches help us understand
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Achievements of Our Founding Fathers To be recognized as one of the founding fathers of United States means being responsible for the creation of laws and principles necessary for the endurance of a powerful nation. Thomas Jefferson as the third president of United States fulfilled these responsibilities and played an important role in the creation of our government. Although‚ he was not an attention seeking speaker‚ his writing skills assisted in the composition of two significant documents
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Questions: Which social work theoretical approach works best in the military setting? In recent years‚ Canadian troops have been deployed to various parts of the world to maintain peace and order as part of the government’s commitments to their allies and the United Nations. As troops return home from their tour of duty‚ the main focus for military and civilian social workers across Canada is the reintegration of theses individuals back into society. Many of these solders experience a combination
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B1: Discuss legislation or theory or a philosophical approach that informs practise which relates to the title. A philosophical approach that contributes to making a better support system for each child is the Reggio Emilia approach. This program is based on the principles of respect‚ responsibility and community through exploration and discovery; the early year’s practitioners within a Reggio Emilia school create supporting environments based off of the children’s interests to keep them engaged
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Explain Mill’s Utilitarianism [30] John Stuart Mill‚ (20 May 1806 – 8 May 1873) was a British philosopher who was principally famous for revising and expanding on Jeremy Bentham’s theory of Utilitarianism. Jeremy Bentham said that it is the greatest happiness of the greatest number that is the measure of right and wrong. He then devised the hedonic calculus or the principle of utility as a measure of working out the usefulness of an action according to how much pleasure it creates for how many people
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2. Explain the importance of a child or young person centred approach (2.2) Every assessment should be child centred and all decisions should be made in the child’s best interests. The ensures that each assessment responds to the child’s individual needs and takes note of any impacts external situations or people may have on them (such as parents’ behaviour). This is especially important‚ as every child is different. It is important to draw together information from the child‚ the family and relevant
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flaws as much as his strengths which explains his achievements The film ‘Mabo’ directed by Rachel Perkins‚ is a triumphant account of Eddie Koiki Mabo’s strengths‚ determination and his historical battle to have Indigenous ownership of Australian land. Although he does not have a perfect personality‚ in some cases‚ his defect still helps him a lot. Because of his intolerance‚ he is always energetic to fight for his goal; because of his idealism‚ he always believe his own values and beliefs; because
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pressures can have a major influence over the behaviour of individual members and their work performance. The activities of the group are associated with the process of leadership. The style of leadership adopted by the manager has an important influence on the behaviour of members of the group. The essential feature of a group is that its members regard themselves as belonging to the group. Tuckman (1965) devised a model of group formation which consists of the following five stages. Stage 1 – Forming
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