What is meant by externalities? How have oil companies in Trinidad and Tobago employed solutions to externalities as part of their corporate social responsibilities (CSR)? Externalities exist when a third party bears costs or receives benefits arising from an economic transaction in which he or she is not a direct participant. This occurs when producers or consumers provide benefits to third parties or impose costs on third parties for which the market system does not enable them to receive
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Explain the Social Learning Theory‚ making reference to two relevant studies. By Tanisha Sabhaney Behaviouristic theories of learning are essentially theories of conditioning and emphasize the role of reinforcement in learning. One of the mot predominant theories is Albert Bandura’s social learning theory‚ which assumes that. People learn through observing others’ behavior‚ attitudes‚ and outcomes of those behaviors which is called observational learning‚ that is an indirect form of learning known
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What is management? According to our textbook‚ “management is the process of working with people and resources to accomplish organizational goals.” To me it is so much more than that. Sure as a manager a person has to carry out the goals of the organization‚ but it is also the job of a manager to help change those goals if they are in need of change. This is especially true for front line managers. For example‚ I worked as a manager for a windscreen manufacturing company. One of the company’s
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Explain the meaning of law and morality. Discuss whether the law does and should seek to uphold moral principles. (30 marks + 5 marks for AO3). Laws and morals are quite similar in some ways but they also have their differences. Law is best described as rules made by authority. John Austin defined law as a command from a sovereign power‚ law needs to be obeyed and is enforced through sanctions. Morality on the other hand is values and principles as opposed to rules. Phil Harris defines a society’s
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With reference to Sources A‚ B‚ C and D and other archaeological evidence: Explain what Tutankhamun’s tomb and its contents reveal about the role of a New Kingdom Pharaoh. The tomb of King Tutankhamun was discovered in 1922 by British archaeologist Howard Carter. Many secrets were revealed about the life of Tutankhamun and his role as a New Kingdom pharaoh through the contents found in his tomb. As well as being the ruler of Egypt‚ Tutankhamun took on many other roles and responsibilities. The
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THE STRATEGIC MANAGEMENT PROCESS Ford Motor Company‚ facing huge losses and hemorrhaging market share to Toyota and Nissan‚ knew it needed a new strategic plan. Competition was fierce‚ Ford’s costs were higher than competitors’‚ and Ford’s unused plant capacity was draining profits. Ford’s managers devised “The Way Forward.” This new strategic plan entailed closing a dozen plants and terminating 20‚000 employees. As at Ford‚ a strategic plan is the company’s plan for how it will match its internal
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What They Fought For 1861 - 1865 This book was a good analysis of Civil War soldiers’ diaries‚ and letters to their loved ones. Which explains what they were going through in their lives and what they fought for and risked their lives for in this conflict. In the book the author James M. McPherson uses information from l00’s of diaries and letters from the soldiers to learn why they fought in this war. The Union soldiers fought to preserve the Nation that was created in 1776‚ to save it
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Assignment #1 Explain the workings of market mechanism. What can cause markets to fail? Economists have to deal with a range of economic problems when studying an economy. But the basic economic problem is: “Scarce resources in relation to unlimited wants” – Bamford‚ 2001 Because there are unlimited wants and limited resources‚ societies have to confront three basic questions What to produce? Everything cannot be produced so we need to decide what goods should be produced and in what quantities
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of the work. I talk to my coworker all the time about being negative about everything. My supervision has to remind her of deadlines and I sometimes have to finish her projects so she will not get reprimanded. Define the term e-business‚ and explain at least three practical lessons about effective e-leadership in a virtual organization. E-business involves using the Internet to more effectively and efficiently manage every aspect of a business. eBusiness electronic business is using technology
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Explain how the requirements of legislation‚ codes of practice and agreed ways of working influence professional supervision. Legislation has leaded us to the point of view that supervision is the requirement for all staff: 1) National Minimum Standards – Supplying good practice of supervision is a mandatory requirement set by National Minimum Standards in UK– covering all criteria and aspects of practice (for example policy and procedures; job descriptions and keeping a balance between outcomes
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