Top i c 3 The Nature of Ethics in Modern Business LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. Explain some of the ethical problems in management; Elaborate on the five characteristics of ethical problems in management; Explain the three methods for analysing ethical problems in management; and Discuss ethics from the Islamic perspective. INTRODUCTION In this topic‚ we shall examine the various ways through which organisations attempt to
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------------------------------------------------- The Four-Way Test From Wikipedia‚ the free encyclopedia The Four-Way Test" of the things we think‚ say or do is a test used by Rotarians world-wide as a moral code for personal and business relationships. The test can be applied to almost any aspect of life.[1] The test was scripted by Herbert J. Taylor an American from Chicago as he set out to save the Club Aluminum Products Distribution Company from bankruptcy. It was later adopted by Rotary
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Four Types of Communication Communication is exchanging information in the form of messages‚ symbols‚ thoughts‚ signs and opinions. There are many different types of communication‚ depending on the medium used for communication or the way in which information is exchanged. Let us discuss the basic four types of communication. Communication of information‚ messages‚ opinions‚ speech and thoughts can be done via different forms of modern communication media‚ like‚ e-mail‚ telephone and mobile.
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Business Ethics Professor Sweet Spring 2013 3rd Essay Topics Read the instructions carefully! Due Date: Friday May 10th This semester we have studied several of the most important ethical theories. We have also looked at some specific issues that arise in business. For this last assignment‚ you will write an essay on one of the topics in Chapter 8‚ Chapter 10‚ or Chapter 14. In writing the essay you must demonstrate an understanding of the ethical theories we have studied. This means
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TEST BANK: TIME VALUE OF MONEY (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Problems Easy: FV of a single payment Answer: d Diff: E . You deposit $2‚000 in a savings account that pays 10 percent interest‚ compounded annually. How much will your account be worth in 15 years? a. $2‚030.21 b. $5‚000.00 c. $8‚091.12 d. $8‚354.50 e. $9‚020.10 FV of a single payment Answer: c Diff: E . You deposit $1‚000 in a savings account that pays 9 percent
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“Existentialism is a Humanism” by Jean-Paul Sartre Existence Precedes Essence In Existentialism is a Humanism‚ Jean-Paul Sartre (1905-1980) presents an accessible description of existentialism. A key idea of existentialism—and of the human condition— is that existence precedes essence. The essence of something is its meaning‚ its intended purpose. A paper cutter is made to cut paper; that is its point. Humans‚ however‚ do not have an essence. Man exists‚ turns up‚ appears on the scene‚ and‚ only
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Chapter 5: Cost Behavior: Analysis and Use As we shall see in later chapters‚ the ability to predict how costs respond to changes in activity is critical for making decisions‚ controlling operations‚ and evaluating performance. Three major classifications of costs were discussed in this chapter—variable‚ fixed‚ and mixed. Mixed costs consist of variable and fixed elements and can be expressed in equation form as Y = a + bX‚ where X is the activity‚ Y is the cost‚ a is the fixed cost element‚ and
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Problem go to solution Business‚ Finance - Year 2 What is the bond ’s conversion ratio? What is the bond ’s conversion value? What is the bond ’s straight-debt value? The following data apply to Saunders Corporation ’s convertible bonds: Maturity 10 Stock Price $30.00 Par Value $1‚000 Conversion Price $35.00 Annual Coupon 5% Straight-Debt Yield 8% 1) What is the bond ’s conversion ratio? A. 27.14 B. 28.57 C. 30.00 D. 31.50 E. 33.08 2) What is the bond ’s conversion value? A. $698.15 B. $734
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PROBLEM 1. The Huyden Company builds equipment to customer’s specifications. On March 1‚ two jobs were in process with the following costs and information: | Job 43 | Job 44 | Direct materials | $10‚200 | $34‚400 | Direct labor | 21‚000 | 10‚400 | Applied overhead* | 4‚950 | 7‚370 | Total cost | $36‚150 | $52‚170 | | | | Machine hours | 45 | 67 | *Applied on the basis of machine hours During March‚ Job 45 was started and Job 44 was completed and delivered to
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Midterm Exam You will have 2 ½ hours to complete the exam. The exam is open note and open book‚ everything but open conversation. There are nine (9) problems worth 30 points each. Take your time. You cannot stop and restart the exam. You will not need a proctor for the exam. You will need to know how to calculate the following: Product costs Period costs Variable costs Fixed costs High-low method Prepare a contribution format income statement Prepare a traditional format income statement
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