liable it is to carry a high return to the investors resulting in higher dividends and rising share prices. The profitability is important for businesses which want to attract financial funds. A business with high profitability means the business has the ability to earn profit. It is commonly say that a business needs funds to support its capital or running cost. For a high profitability business‚ funds can be easier to collect since the shareholders will expect that such business is profitable
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To a large extent‚ I agree with this statement. Many companies’ owners claimed that the success of business depend on its profitability. However‚ many multinational companies embed business ethic into their operations. The truth is a business that makes nothing but money is a poor kind of business‚ since it may lead to bad reputation of the company‚ violation of law and poor employee performance. Good reputation is vital for companies‚ since customers and investors ought to purchase goods and
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Being honest and trustworthy is one of the most important aspects within business ethics. The object of a business is to produce products that consumers have faith in and have confidence that they are getting the best deal with no hidden inconveniences. The Markkula article gives five examples of ethical decision that each business should take into consideration when making transactions with customers or implementing a product into the market. The utilitarian approach‚ virtue approach‚ rights approach
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Criminology has been Gender-blind’ rather than Gender neutral’. Discuss It has been argued that the gaze of criminology has been primarily focused on male offenders‚ Cain (1989) argues that criminology is in fact incapable of speaking in gender neutral terms (cited in Walklate 2001: 19). A reason for this includes that history has been prepared to offer universal explanations of crime achieved by the study of the male offender. Feminists such as (Naffine 1997: 18) believe that criminology has been
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Performance Measurement Systems This package has been created as a practical guide to developing performance measurements in any industry. It has been divided into the following 6 sections: 1. Introduction 2. Measurement as a management support system 3. What is a balanced scorecard? 4. Developing a customized balanced scorecard 5. Target setting and quantifying performance for incentive programs 6. New performance management system and the performance improvement process Performance Measurement
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There are five ethical standards researchers must follow: protection of participants‚ informed consent‚ deception‚ debriefing and confidentiality. These standards form the backbone of ethical standards for researchers. They provide a fair foundation for all research work for the participant and for the researcher. Protection of participants is the ethical standard by which no participant is harmed physically or harmed psychologically. This means participants should not be exposed to greater risks
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Scientists have been wondering if elephants could feel emotions. In the three articles‚ “Elephants Can Lend a Helping Trunk‚” by Virginia Morell‚ “Elephants Know When They Need a Helping Trunk in a Cooperative Task” by Joshua Plotnik and‚ “Elephants Console Each Other‚” by Virginia Morell. All of the authors used information to get their message across and to explain the author’s purpose. In the first passage‚ “Elephants Can Lend a Helping Trunk‚” by Virginia Morell‚ Virginia used information
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Homers Sleeping bag‚ they try to get it out and they get scared and drop the sleeping bag the snake slither out and straight into the bush. There is a part about where a “V shaped” planes go over and they had the lights switched off on the plane so no-one could see them fly over‚ but they could smell the jet fuel. Right through the chapter they were in the place called “Hell”. SIGNIFICANT EVENTS In chapter four they are getting fat and restless‚ and they can’t be bothered to explore. Everything and
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Comparing Ethical Theories ETH/316 January 1‚ 2012 Comparing Ethical Theories Ethics is a philosophy that studies morality. Principles of doing right and wrong are inspired by ethical theories such as virtue ethics‚ utilitarianism‚ and deontology. Virtue Ethics Virtue is synonymous with quality. Virtue ethics‚ known as character ethics‚ is a theory based upon the qualities of goodness and quality. A person who subscribes to virtual ethics believes they should live their life should be
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Ethical Analysis of Vignette 5 In considering the potential ethical issues and related theory in Vignette 5 a number of issues have been outlined and discussed below. Ethical Issues In investigating potential ethical issues of Vignette 5‚ Carla had knowledge that Simon was divorced which may have been an act of self disclosure on Simon’s behalf. In considering whether this disclosure was in Carla’s best interest‚ this could potentially be identified as an area of contravention of the Australian
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