Utilitarianism provides the most useful approach to business ethics. Discuss. The ethical theory of Utilitarianism follows the principle of utility. This is to provide the greatest number for the greatest number. Utilitarianism provides this through being a deontological theory – basing its ethics upon consequences. The consequentialist nature allows us to apply Utilitarianism to our own situation and also‚ unlike deontological theories‚ looks onwards and into the future. In terms of business ethics‚ this
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Real World Applications of OD Principles BUS370: Organizational Development Organizational Development (OD) is the systematic application of behavioral science to bring about planned change in organizations. The intended objectives are improved adaptability‚ productivity‚ and effectiveness. These objectives are accomplished by changing values‚ attitudes‚ strategies‚ behaviors‚ procedures‚ and structures so that organizations can adapt to the changing technology
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created on a graph when using a frequency distribution method for a set of data‚ splitting the mean symmetrically. There is a big difference between standard deviation and the bell curve! Standard deviation shows the difference in variation from the average; the bell curve‚ also normal distribution or Gaussian distribution‚ shows the standard deviation and is created by the normal or equal distribution of the mean among either half. The bell curve is an important distribution pattern occurring in many
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Chapter 12 Problems 1. Cash flow (LO2) Assume a corporation has earnings before depreciation and taxes of $100‚000‚ depreciation of $50‚000‚ and that it has a 30 percent tax bracket. Compute its cash flow using the format below. Earnings before depreciation and taxes _____ Depreciation _____ Earnings before taxes _____ Taxes @ 30% _____ Earnings after taxes _____ Depreciation _____
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Case 2: Gulf Real Estate Properties. Please provide a Managerial Report that includes: 1. Appropriate descriptive statistics to summarize each of the three variables for the forty Gulf View condominiums 2. Appropriate descriptive statistics to summarize each of the three variables for the eighteen No-Gulf View condominiums 3. Comparison of your summary results from #1 & #2. Discuss any specific statistical results that would help a real estate agent understand the condominium market. 4. A 95%
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worked per week)‚ which is y= β0 + β1x + . For the GMAC data‚ the slope (β1) is -0.347 whereas the intercept (β0) is 62.499. By plugging in the slope and the intercept‚ the least squares line would be: y= 62.499 + (-0.347) x. This least squares line indicates that the estimated mean work-life balance score decreases by -0.347 average number of hours per week. Next‚ we have to interpret the random error component ( ) of the least squares line. The estimate of error standard deviation for this particular
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Problem Sheet - I 1. Researcher conducted by a tobacco company indicates that the relative frequency distribution of tar content of its newly developed low-tar cigarette has a mean equal to 3.9 milligrams of tar per cigarette and a standard deviation equal to 1.0 milligram. Suppose a sample of 100 low-tar cigarettes is randomly selected from a day’s production and the tar content is measured in each. Assuming that the tobacco company’s claim is true‚ what is the probability that the mean
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Business Report for Corvette Executive Summary: This report talks about a Company is called Corvette‚ which sells luxury sports cars in twelve months from now. There is a table shows the order of five customers and in which currencies. Using those data I will find out mean‚ standard deviation and some probability for analysis. In addition‚ these is a case involves an offer was given to Corvette by HSBC for estimating whether it is risk or not. Furthermore‚ we also thought
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The distribution of marks is shown in the following grouped frequency table. Marks|1–10|11–20|21–30|31–40|41–50|51–60|61–70|71–80|81–90|91–100| Number of candidates|15|50|100|170|260|220|90|45|30|20| (a) Copy and complete the following table‚ which presents the above data as a cumulative frequency distribution. (3) Mark|£10|£20|£30|£40|£50|£60|£70|£80|£90|£100| Number of candidates|15|65|||||905|||| (b) Draw a cumulative frequency graph of the distribution‚ using a scale of 1 cm for 100 candidates
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help analyse the accuracy of the data. There are an infinite number of internal and external factors that contribute to the outcome of a single exam result. Beaty‚ & Barling (1982) explains how factors such as stress and anxiety can contribute to low test results and they give several self help solutions of how to boost ones success. This report will focuses mainly on quantitative data that can be easily analysed and allows for clear observations to be given about the correlation each evaluated factor
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