In the book “Not For Profit” Martha C. Nussbaum discusses how she believes the humanities is needed in modern day democracy and the important role it plays when producing informed citizens that are able to think critically. Her whole book points to the humanities as being the key to a successful democracy and should be taken into account when comparing different nation’s form of democracy. One would need to read the whole book in its entirety to fully understand her argument for the role of humanities
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INTRODUCTION TO BUSINESS Business If a man remains busy with an activity which is production oriented is called Business. Production means creation of utility. In a word business is a creation of utility. Man can’t produce anything. Man can only procure resources from nature and can change its shape‚ place and time. Utility: Utility means capacity to satisfy human need or want. Something which has got the capacity to satisfy human need or want‚ we say that it has got utility. Business organization:
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many alternative vehicles for the investment of capital‚ so a particular investment often be said to carry an opportunity cost. This is the difference between the actual return forgone from the alternative investment‚ olowe (1997) noted that the maximization of shareholders wealth is the most superior of all the objectives considers timing of return‚ take account of both return and risk and it balances short and long-term benefits. There is an important incentive sectors companies. In the case of a
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Journal of World Business 41 (2006) 56–65 www.socscinet.com/bam/jwb Social entrepreneurship: A critical review of the concept ´ Ana Marıa Peredo a‚*‚ Murdith McLean b‚1 a Faculty of Business‚ University of Victoria‚ 3800 Finnerty Drive‚ Victoria‚ BC‚ Canada V8P 5C2 b Centre for Studies in Religion and Society‚ University of Victoria‚ 3800 Finnerty Drive‚ Victoria‚ BC‚ Canada V8P 5C2 Abstract This paper undertakes an analytical‚ critical and synthetic examination of ‘‘social entrepreneurship’’
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Session 2 : Principles of Accounting and Financial Reporting - Chapter Two Quiz 1. Which of the following is a difference between financial reporting for internal service and enterprise funds? (Points : 10) Internal service funds are reported in the governmental fund financial statements. Internal service funds are reported in the proprietary fund financial statements. Internal service funds are generally
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What is profit tax? According to Inland Revenue Ordinance s 14 “Charge of profits tax”‚ profit tax is chargeable on every person: Carrying on a trade‚ profession or business in Hong Kong; and In respect of his assessable profits arising in or derived from Hong Kong from such trade‚ profession or business.1 What is person? A person may include: A corporation; Partnership; Trustee‚ whether incorporated or unincorporated; and Body or persons.2 In this case‚ the Taxpayer (“T”) is a private company
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of economic profit and studying the finer points of its calculation require an understanding of its underlying principles. Here we look at how it matters as a performance measure - which is distinct from a wealth metric - and how it is closely related to market value added (MVA). Finally‚ in establishing an overall picture of economic profit‚ we help you undo any perceived complexity by showing how all of the calculations surrounding economic profit originate from three main ideas. Economic Profit Is a
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ALTERNATIVE MARKET STRUCTURES It is traditional to divide industries to categories according to the degree of competition that exists between the firms within the industry. There are four such categories. At one extreme is perfect competition‚ where there are many firms competing. Each firm is so small relative to the whole industry that it has no market power to influence price. It is a price taker. At the other extreme is monopoly‚ where there is just one firm in the industry‚ and hence no competition
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motivation to set prices for their products that maximise profits This assumption is now heavily criticised by economists who have studied the organisation and objectives of modern-day corporations. Not only do most businesses frequently move away from pure profit-seeking behaviour‚ many are organised and operated in a way where profit is not the only objective. Key Point: There will always be a range of business objectives: 1. Profit maximisation (where MR=MC) 2. Revenue maximisation (sales
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products‚ 2 constraints I Observations about initial solution: 1. Max OF = $15‚263.16 2. Optimal Soln: X1 = 2894.74 X2 = 263.16 3. X1 is more than 10 times X2 4. Profit: X1 = $5.00 & X2 = $3.00‚ profit margin of IPODs is 166% larger than DVD’s not 10 times. 5. Conventional approach: product mix is dependent on profit margins. II Observations about constraints 1. LHS = RHS for both constraints‚ no leftover resources. 2. Limitation on resources constrains expansion of product mix
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