- After Bob and Carol bought a video game console for their child, Greg, they began to notice a change in his behavior. When they could pry him away from games for dinner, he would be verbally abusive at the table. He would also punch walls in frustration, and even kicked over a glass table in the house. Bob and Carol blame video games for Greg’s violent behavior.The following conclusion suffers from which type of fallacy?This fallacy found in this case can be said to be a correlation implies causation fallacy otherwise known as Cum Hoc Ergo Propter Hoc this is because ...
Ownership Critical Thinkings Samples For Students
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Introduction
Market capitalism refers to a market in which things like distribution, investment, and production are influenced by demand and supply forces. As such, the prices of both services and goods can be established in an economy with a price system that is free. Alternatively, it can be defined as an economic system where the industry and the country’s trade are controlled by the private sector without any sort of interference from the state. On the other hand, market socialism is one where methods of production and other economic activities are socially owned or publicly owned such as cooperatives. The essay ...
In Karl Marx's Economic and Philosophic Manuscripts of 1844, the philosopher denotes the main problems with private ownership, political economics and capitalist society. In short, those with property are the bourgeoisie, and those without property are the workers - the proletariat. Workers are frequently impoverished and alienated from their own world, most due to their inability to relate to the products that he creates. By making these products for other people, he is giving of himself to others without getting anything in return; he does not own any of the world that he gives his life to. Work is ...
Introduction
The topic on gun ownership and control has become a controversial issue in many societies over the years. Gun ownership restrictions vary from country to country. The controversy surrounding gun ownership focuses on whether if citizens own guns it will improve their security or whether gun ownership should be prohibited for public safety. In addition other factors contributing to whether ownership of guns should be restricted or not is, trading of firearms on the black market, illegal manufacturing of firearms, the right to self defense, accidental shooting and the victims rights. This research paper provides an in-depth discussion on why ...
Fundamentals of Entrepreneurship
In the current advent of economic crisis, entrepreneurism, by the day, continues to gain prominence by occupying a pivotal position as the best amelioration model to the constantly increasing unemployment rate spurred by a plethora of factors, some controllable while other beyond the controllable level.
Many people, because of the current crisis in the global economy, shy away from entrepreneurism ascribing their actions to the unhealthy business environment created by these crises. However, even as these challenges might exist, an entrepreneur should be more than willing to take risk; risk taking being one of the most vital attribute that any entrepreneur ...
Introduction
The corporate governance is the mechanisms that involve the rules, processes and the practices to which an organization is directed and controlled. Therefore, it is a process of balancing the interests of many stakeholders in an organization, which mainly includes the customers, financers, management, suppliers and the community. It provides the foundation and framework for achieving the company goals and objectives, and it looks at every part of the management including their actions, performance measure and corporate disclosure. It is a field in economics that investigates on how to motivate and secure the efficient administration of the corporations by ...
INTERNATIONAL BUSINESS EXPANSION
International Business Expansion
The emergence of China as the world’s manufacturing hub happened in a much shorter span of time compared to the time it took for U.S or U.K to industrialize. China took just over a decade to double its GDP per capita and improve the living standards of its people ever since 2001, when it entered the World Trade Organization and opened up its borders welcoming investors from all over the world. There have been a host of favorable factors that made China the global manufacturing hub. Some of them include the abundant availability of cheap ...
In today’s consumerist culture, having the most things equates to social and cultural success – many people measure their self-worth and happiness by what they have instead of who they are (Cowen, 2009). At first, we seek to own things as a result of necessity – we primarily seek the things that we require in order to survive and thrive. Once those basic needs are met, however, we look toward amenities, and our major criteria for what we want to get is what the others around us have. When someone has something very expensive, and is clearly enjoying it, it is a ...
Entrepreneurship is the act of coming up with a business Idea and finding the necessary requirements to start the business. An entrepreneur is the person who comes up with a business idea and starts the business. Getting into business is a risk journey that requires an entrepreneur to have certain traits in order to have a smooth journey. These traits include self-confidence, risk taking, patience, and having a realistic outlook, (Livingston, 2009).
Notably, the most important requirement in starting an entrepreneurship is capital. With all the current financial crises, if money were not an issue I would start my own business. Starting a business ...
The concept of net neutrality states that governments and internet service providers should treat data on the internet with no discrimination. Data should be treated equally despite the user, content, site, application, attached equipment and mode of communication. Critics argue that data discrimination of some type is not problematic but rather highly desirable. Opponents of net neutrality are of the opinion that the best solution to discrimination done by broadband providers is encouraging a larger competition among providers that is limited in many areas. The Federal Communications Commission is making new rules that will permit internet service providers to give ...
What is ‘risk’ and how can it be accomplished successfully? You are required critically to analyze the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed.
Risk is the capability of losing something that is worth; weighed against the possibility to increase something that has quality. Qualities might be gained or lost when one takes a risk which results from a given action and/or inaction, predicted or unforeseen. Risk can also be characterized as the purposeful communication with vulnerability (Altemeyer 2004). Risk perception is the subjective judgment individuals ...
POLITICAL HISTORY
What is the relationship between country size and trade and will existence of many small countries promote or inhibit trade?
Country size is a highly relevant factor as far as trade is concerned. A large country will entail more internal trade. Presence of many small countries will promote external trade as the small countries will seek goods they do not produce (Palmer, p.134). The existence of countries in large units will promote both internal and external trade as these countries will be able to produce a wider variety of goods for example North American countries.
Definitions of communism socialism and capitalism
Communism is a socialist movement based ...
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Abstract
An important aspect of investment management in the form of investment is to identify and improve the economic efficiency of investments.
In practice, there are two approaches to the definition and evaluation of real investment - cost and income. If we start from the quantitative estimates, up to recently, the economy was dominated by the cost approach, which was reflected in the manner of determining the economic effectiveness of capital investments and the principles of effective options for selection of investment projects based on the methodology of comparative effectiveness, which was ...
Effect on Reducing Deficits and Stabilizing Prices
In a recent opinion editorial, American literary theorist, legal scholar, and public intellectual Stanley Fish decided to use a definition for neoliberalism provided by political thinker and writer Paul Treanor (2009). Fish stated that Treanor holds that neoliberalism is a philosophy where the existence and operation the market are valued separate from the production of goods and services, to the point of deliberately not justifying the market by its goods and services production. This creates an ethic based on the operation the market alone, and this resulting ethic is asserted as being capable of acting as a guide for all human action, substituting ...
Liberalism and Socialism
One of the basic components of a liberalist government is accountability in every position in the government. Every person elected to play any role in the government must be accountable to the civilians during service in that government (Rooksby, 2012). Another major component of a liberalist government is equality in terms of the services that are offered to the citizens. A liberal government does not discriminate on the basis of gender, social class, or disability but instead offers the same kind of services to all its citizens regardless of the above mentioned factors. In addition, a liberal government must be able to ...
The Persuaders is a PBS documentary which addresses the questions concerned with how marketers and advertisers are inspiring consumers to buy their product. The fascinating thing about modern consumers is that, supposedly, we have become more intelligent and more self-aware, meaning that it is increasingly difficult to market a product to the discerning consumer. However, what has become more obvious is that advertisers are wising up to this and altering their campaigns and images to suit. Apple, are one such company, who instead of marking their product based on its ability to enable the user to carry around 15,000 songs ...
Abstract
This essay briefly outlines the phenomenon of intellectual property and copyright while weighing in on some of the security risks that have been exacerbated by the internet in recent years. It explains what intellectual property is and its components with, explaining various scenarios of how others benefit from the works others through technology and the internet. With the help of laws put in place and corporate security policies are in order, infringing on the works of others is limited.
Key words: intellectual property, copyrights, industrial property, corporate security policy, IP rights, IP laws
Threats of Copyright and Ownership of Intellectual Property
Introduction
Within the fast-paced world of ...
Introduction
Technology refers to information that can be used to accomplish a set task. Transfer is the movement of goods and information from one individual or corporation to another that did not have it originally. Technology transfer is, therefore, the flow of information and processes from a group that has a specialized technical skill to another that does not(Anderson & Anderson, 2010). Multi-national companies operate in different geographical and administrative regions to provide a common good or service to its large client base globally. These companies require the adoption of a viable technology transfer policy that will ensure that the ...
Question 1.
Every individual is included in the American dream although their participation in achieving success is on an optional and voluntary basis. The American dream is an ethos in the United States that gives a set of guidelines and freedom that are necessary for an individual to achieve success, and a form of social upward mobility for their children and their families. Based on the statements made by Truslow Adams every individual is included in the American dream irrespective of the race, class, or status in the society. Life, in this case, should be richer and better for every individual ...
Introduction
Traditionally, colleges follow a top to bottom strategy, where all the major curricular planning takes place at a leadership level. Even there are myriad educational institutes, where the liberty of choosing the subjects is limited. On the other side, there are many upcoming educational institutions, where student-let curriculum is an emerging phenomenon. With excellent educational system in United States and United Kingdom, the educational planners are still concerned with high percentage of dropouts in the first year of university that is 25% in United States and 11% in United Kingdom (Yorke & Longden 2006, 16). This scenario causes immense problems for universities, ...
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Introduction
The principle of profit maximization primarily focuses on the very fact that the fundamental motive of any business entity is maximizing its profits consequently maximizing the income of all of its shareholders. Maximization of sales, stock price, market share, and cash flow would all lead to profit maximization of the firm. Identification of the point where there exists the maximum difference between total revenue and total cost would help the firm in achieving the maximum profit. A few basic rules that would apply ...
Introduction
The fact is all individuals are equally biased. Individuals cannot help it. They can only distinguish this innate bias and be able to counter against the same. The basis of economics provides that derivation or results and decision making needs to be supported by appropriate reason. It is dependent upon an exact consideration of something's value versus its expenses. However, life proves it to be totally wrong. Behavioral Economics shows that individuals are effectively affected by wrong information and different types of irrationality. Besides, the first year students are regularly unconscious of a drastic number of sources that impact their ...
There are seven phases in the structure of the Performance Uncertainty Management Process (PUMP) framework. They are: (a) defining the project;(b) focusing on the uncertainty management process; (c) identify all the relevant sources of uncertainty, such as, responses options and conditions; (d) structure of the uncertainty; (e) clarifying ownership; (f) quantify some uncertainty; and (g) evaluating all the relevant implication.
Defining of the project helps in providing the effective common understanding of the project. In simple term, it helps to bring the whole team at the same page. The new members joining the team are able to come to ...
Chapter Seven
Home ownership is crucial to the long term practicability of any community. Individuals who own homes within a community are more likely to get involved in community and neighbourhood matters that improve the quality of life than those who do not own homes. Furthermore, home ownership is by far one of the important tools for measuring living standards within a community or country. Therefore, home ownership is crucial for the completion and satisfaction of an individual in terms of contribution to the community and higher living standards that indicate economic growth and development.
Chapter Eight
Health care is guaranteed trough a health insurance cover. ...
Decision Making
In May 2012, the shareholders of MTS bank made a decision to merge with Dalcombank. In this case, Dalcombank is to cease its operations in the course of the year and become part of MTS bank. The major aim of this course of decision is to increase the hare capital of the organization so that the bank can have more capital to invest. The bank aims at opening more branches so that it can reach more customers. In addition, the bank aims at operating in other many countries so that it is able to compete globally like other banks. MTS ...
Enterprise Excellence
Stenzel (94) holds that enterprise excellence is not only dependent on the tangible assets which are the focus of accounting practices. Human assets are part of the resource in an organization that contribute to the excellence of the enterprise. The concept of employee competence is important in lean performance. Stenzel (94) illustrates this argument by citing the financial turnaround at Sears following the huge financial losses that the company suffered in the 1990s as a result of focus on the development of employee competencies. Employees who are highly competent can perform their responsibilities with more effectiveness. The resultant effect ...
Introduction
One of the main keys to success for the new microbrewery unit will essentially be establishing the most suitable distribution strategy. In fact, Louckx (2014) maintains that formulating an efficient distribution strategy is essential to the success as well as the survival of any business. The new microbrewery unit should, thus, make its new products available at a place as well as a time that is convenient for the consumers. In particular, the new microbrewery ought to use different distribution channels so as to make itself visible to as many groups of consumers as possible. As a matter of ...
U.S. Middle Class
Introduction
The major shifts U.S. economy has experienced over recent years signify comparable changes in social fabric. The re-orientation of U.S economy from one based on manufacturing one based on services has introduced changes in how class is defined. Notably, a conventional social stratification of upper-middle-lower segments is no longer working in current economic ecosystem. Of particular significance for current purposes is how "middle class" has witnessed differential definitions in response to changing economic status. In a more conventional conception, U.S. middle class is used to refer to "median" earning workers in fixed-hour, manufacturing-based jobs. This conventional ...
Analyzing failures of leadership: Steve Jobs’ failure in leadership
Introduction
Steve Jobs failed in his Lisa named project in 1983 and this turned out to be the biggest failure of his career during his tenure with Apple Inc. Jobs overcommitted to his conviction over the power of innovation to create a machine which was far ahead of its times and its unique features like mouse enabled interaction with graphical user interface led to fall of Lisa in markets (Smith, 2011). Consequently, Jobs was removed from the project and later detached from the company itself. This essay aims at exploring the various aspects of his leadership and analysis his ...
Introduction
Outsourcing entails the allocation of specific organization process to an external service provider who is specialized in the particular business process or service. In most cases business fails to handle all facets of business process internally, thus they opt to hire external help with specific business processes. Additionally, the duration of some business process calls the need to hire external help instead of in-house professionals (Stevenson, 2012). The appointed external firm takes the responsibility and risk of performing the specified business process while maintaining the business' assets. However, it is crucial to comprehend the advantages and shortcomings associated with ...
Genetic engineering has made significant strides in the treatment of different diseases. Technologies that are employed in genetics have been growing in efficacy in the recent years, and they hold promise in the treatment of diseases proved difficult to treat in the past few decades (Bess 56). In addition, these technologies have opened new avenues in which people can make advancements to their bodies and minds. However, in the wake of genetic engineering, there are a number of problems that are cropping up. One of the most significant challenges is perfection. Because of the great promise that genetic engineering ...
Action for health in the Sonagachi red-light area of Kolkata
The sex workers of the Sonagachi red-light area of Kolkata were a vulnerable and exploited group at the bottom rung of the societal ladder: they had no rights, little education, few opportunities and lived a life full of violence and with the very real risk of ill health. As well as the risk of ill health to themselves, there were also wider public health concerns – most notably of sexually transmitted diseases (STD) and HIV transmission. In this essay we shall look at how the sex workers were able to achieve a previously unheralded change and improvement in their lives ...
There are varied definitions of common property that exist in various contexts. Its application and use is, therefore, determined by the specific context. Our definition of common property is in relation to real tangible property. Common property in this context of real properties can be defined as a property that is collectively owned by public or a community to which every member of the community has equal right to use and access. Sometimes, the government can own common property. Where government owns common properties, all citizens have a right to use it in various activities. The ownership and product of that property ...
The information about policies that the public needs to know should be truthful and free of bias as much as possible as these information shape public opinion and even electoral decision. The presentation of the factual and unbiased information about policies is most of the time the responsibility of media as politicians are subject to their political beliefs and stand on the specific issue. The media, as the Fourth Estate, should present this information in such a way there could be clarity and understanding between the government officials and the constituents.
There has been a lot of information published regarding ...
Introduction
Capitalism refers to a form of political and economic system where country's trade and industry is manned by the private sector, rather the government. Every society is characterized by an uneven distribution of wealth and income. The speculated thoughts help a small percentage of the people in the society to gain control over the majority in the country. Therefore, the minority must, be able to find ways in which they sustain their status quo within the society. The majority group uses myriad ways to battle and be at the top of the prestige minority class. For instance, they convince the majority ...
Q: How does one determine whether a particular lease is a capital lease or an operating lease? What entries are required in the general journals of a government fund and governmental activities at the government-wide level to record a capital lease at its inception?
Answer :
Lessee’s Perspective under IFRS:
According to the standards laid down by IFRS relating to lease accounting, the lease is classified by the economic substance of the transactions. Below are the situations under which the lease will be treated to be financing lease:
- If at the end of lease period, title of ownership is transferred to ...
Karl Marx’s Theory of alienation describes the separation of things that in nature belong together. It also discusses the placement of resentment between things that ought to be in harmony with each other. In particular, the theory describes social alienation or the estrangement of people from certain aspects of human nature as a result of living in societies that are divided into social classes between the rich and the poor (Krugman, 2002).
Marx’s theory of alienation in respect o capitalism is very relevant in our contemporary society. According to Mészáros, (1970) alienation can almost be ...
The disruption that I have found to be the most common in my classroom is a lack of intrinsic motivation. This lack of interest in one’s own education is exasperated by parents who are not involved in their children’s education. These parents also support their children’s lack of interest by complaining to the teacher or administrators when they believe that their child is being pushed too hard or given too much work. Children are expected to do less in school than they were a generation ago, yet parents still try to protect their children by inadvertently undermining the ...
According to Peter Drucker, Post-Capitalist Society (1993) [Lustig], the communist analysis on the capitalistic system consists in concentration on the thesis that wage-laborers are being subjugated by wealth holders and in return obtain only part of the profits of their labor; and with the accumulation of capital the dissimilarity of earnings between laboring poor and non-laboring rich tends to boost. The Marxist resolution in this case suggest confiscate the capitalists’ property and expose them to the same situation as wage-laborers, so that everybody can turn to an employed person and get paid according to his skills. The general work ...
There are 2 types of slavery according to Kevin Bales. The term “old slavery” is used to identify slavery that was based primarily on ownership with relation to the divisions along ethnic groups. The “new” slavery on the other hand tries to define slavery that is not based on legal ownership but on other factors like debts and contracts.
Slavery is common in Asia just like in any other part of the world such as the European Countries and the Americas. Pakistan, an allegedly poor country was included in his book, the disposable people, and one major issue ...
Foreign Direct Investment
Foreign direct investment (FDI) is an investment made to acquire long-term interest in an enterprise operating in an economy other than that of the investor (World Bank, 2011).
FDI has been more beneficial to both investors and host countries as compared to alternatives. The two parties, investors and host countries, engage in FDI and benefit in various ways. Investors gain new markets, attain efficiency, and aquire cheaper and more readily available resources, from the host countries.Moreover, FDI benefits the host countries by contributing to their economic growth, creating empolyoment, transfering technology and knowlegde, and increasing government revenue through ...