Nature and Scope of Jurisprudence What is Jurisprudence? There is no universal or uniform definition of Jurisprudence since people have different ideologies and notions throughout the world. It is a very vast subject. When an author talks about political conditions of his society‚ it reflects that condition of law prevailing at that time in that particular society. It is believed that Romans were the first who started to study what is law. Jurisprudence- Latin word ‘Jurisprudentia’- Knowledge
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NATURE AND SCOPE OF ACCOUNTING TERMINOLOGIES As an introduction to the course in accounting‚ it may be useful to define the following terms : - Accounts : These are the financial records in the organization. Every business transaction‚ or accounting entity‚ may be represented in an account by itself‚ e.g. wages‚ telephone expense‚ motor vehicle‚ Cash at bank‚ Investment - Book-keeping : This is the recording of the financial transactions of a business
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The scope of ethics indicates its subject matter. Ethics as normative science deals with moral ideal or the good in order to enquire the nature of our conduct. It enquires into the nature of the springs of actions‚ motives‚ intentions‚ voluntary actions and so on. It determines rightness or wrongness of human actions. It does not enquire into the origin and growth of human conduct. As a science of morality ethics discusses the contents of moral consciousness and the various problems of moral consciousness
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Economics is concerned with the way limited resources are distributed/allocated among alternative uses to satisfy unlimited human wants. It helps to understand the nature and organization of society and the operation and behaviour of business firms and other economic decision-making units. Microeconomics deals with the economic behaviour of individual units (consumers‚ firms‚ resource holders): how scarce resources are allocated among alternative uses; the role of prices and markets. Macroeconomics
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Question 1.1 “According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost.” Please comment on this statement and explain your answers using examples. Ans Opportunity cost of an action refers to the value of the best alternative that must be given up in order to undertake that action. That is‚ the highest-valued option forgone. The statement in the question is uncertain and is determined by situation
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Nature‚ Scope And Role Of Managers Management Definition‚ Nature‚ Scope And Role Of Managers Presented By Group No. 1 (Stephen Covey) Member’s Name:- ATUL MISHRA (COORDINATOR) SANGHARSH KUMAR RAJEEV KR. SHARMA SHAILENDRA RAKESH SINGH CHANDEL 6. JEETENDRA RAI OBJECTIVES:- : OBJECTIVES:- After this presentation you will be able to define – Management Nature of Management Scope of Management Functions Of Management Role Of Managers About Stephen Covey : About Stephen Covey Birth- Stephen
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Nature and Scope of Marketing Ethics O.C. Ferrell‚ Ph.D. Professor of Marketing Creative Enterprise Scholar The Robert O. Anderson School And Graduate School of Management MSC05 3090 1 University of New Mexico Albuquerque‚ NM 87131-0001 Phone: (505) 277-3468 ocferrell@mgt.unm.edu Nature and Scope of Marketing Ethics INTRODUCTION Marketing ethics is viewed as important because of marketing’s interface with many diverse stakeholders. Marketing is a key functional area in the business organization
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Nature and Scope of Operations Management Operations management is often used along with production management in literature on the subject. It is therefore‚ useful to understand the nature of operations management .Operations management is understood as the process whereby resources or inputs are converted into more useful products .A second reading of the sentence reveals that‚ there is hardly any difference between the terms produ7ction management and operations management .But‚ there are a least
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Meaning‚ Nature and Scope of Social Research Meaning and Definition According to the Oxford Advanced Learners’ Dictionary of Current English‚ research is “a careful investigation or enquiry specially through search for new facts in any branch of knowledge”. Webster’s Encyclopedic Unabridged Dictionary of English Language defines research as “diligent and systematic enquiry or investigation in to a subject in order to discover or revise facts‚ theories‚ applications‚ etc.” Thus‚ in common parlance
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Nature of Strategic Management The strategic-management process does not end when the firm decides what strategy or strategies to pursue. There must be a translation of strategic thought into strategic action. This translation is much easier if managers and employees of the firm understand the business‚ feel a part of the company‚ and through involvement in strategy-formulation activities have become committed to helping the organization succeed. Without understanding and commitment‚ strategy-implementation
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