planning) TOPIC: Discuss positive accounting theory and contrast it with normative accounting theory. Provide examples where appropriate. The purpose of this essay is to provide an overview of positive accounting theory (PAT) and highlight how this theory differs to normative accounting theory. Definitions and assumptions of both theories will be considered and examples of the theories will be provided. In addition specific theories related to PAT namely agency and the efficient
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Game theory – descriptive‚ normative or prescriptive? Going through life we often are surprised by the different ways how people think‚ make decisions and interact. We believe that most of us are rational human beans (to some extent) and‚ therefore‚ our decisions should be grounded in analysis of the situation‚ our experience and intuition. Therefore‚ the human mind can be seen as an incredibly complicated machine that runs series of theoretical simulations of possible situations (often subconsciously)
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identify the normative ethics that deals with the utilitarian and deontological implications as to why should the top executives of the major banks that received bail-out money are allowed to receive large bonuses? What Are Normative Ethics?
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and demerit of the law. 2. Do you agree with Constantino belief that there is moral bankruptcy in Philippines Public ethics and morality. Justify your answer by discussing the concept of Public ethics‚ Morality‚ Responsibility and Accountability in the light of each concepts definition‚ elements‚ dimensions‚ strategies and purposes. Moral bankruptcy the state a person reaches when he trades away or violates too many of his core moral values and commitments
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quantitative measurements of isolated variables analysed. Theories of development emerged and have continued throughout history‚ providing organization‚ and “a lens through which researchers can interpret and explain any number of specific facts or observations” (Sigelman & Rider‚ 2012‚ p. 32). In postulating what is seen as ‘normative’ development‚ these theories provide a model or map from which science and society are largely influenced. Normative development implies an individual will grow‚ experience
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PAPER FIRST –SOCIOLOGICAL THEORIES Q NO-1-WHAT IS SOCIOLOGICAL THERY? DISCUS THE STRUCTUREOF SOC T.H ANS-In 1959‚ C. Wright Mills released a book entitled ‘The sociological Imagination’. It was in this book that he laid out a set of guidelines of how to carry out social analysis. But for a layman‚ what does the term sociological imagination’ actually mean? In his own words‚ Mills claimed “it is the capacity to shift from one perspective to another…the capacity to range from the most impersonal
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In the book‚ Common Sense Economics‚ the author describes the ten key elements of economics. The key that I consider is the most important is “No Such Thing as a Free Lunch”. This element states that it is impossible to get something for nothing. Whatever goods and services are provided must constantly be funded for by someone. In other words‚ not every price is a monetary price. For example‚ a city council chooses to build a new school. By doing so‚ the cost of the new school necessitates sacrificing
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Q1: Identify the key elements in McDonald’s global marketing strategy. In particular‚ how does McDonald’s approach the issue of standardization? Does McDonald’s think global and act local? Does it also think local and act global? The first key elements for McDonald’s is a business model of a restaurant system can set up in everywhere in the world. McDonalds promised customers inexpensive foods regardless of location. They continue to expand and built more outlets around the globe promising customers
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1. Identify the key elements in McDonald’s global marketing strategy (GMS). In particular‚ how does McDonald’s approach the issue of standardization? Does McDonald’s think global and act local? Does it also think local and act global? McDonald’s global marketing strategy is based on combination of global and local marketing mix elements. For the first elements in McDonald’s global marketing strategy (GMS) is a vital elements in McDonald’s business model restaurants system that can be set up virtually
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Summary of Chapter 2 - PMBoK: Projects and project management are broader than managing day-to-day activities of the project. The second chapter of the PMBoK covers the key elements of project management‚ including the following: 12345- Project phases and project life cycle Project stakeholders Organizational influences Key general management skills Social-economical-environmental influences 1. Project phases and project life cycle Because projects involve uncertainty‚ organizations divide
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