• A financial asset is considered to have value if it has the ability to generate positive cash flows. • A financial asset is considered to have value if it is acquired at its market value • A financial asset is considered to have value if it is acquired a its book price. When determing the value of a firm, which of the following statements is true? • The timing of cash flows a firm can generate is very important in determing the value of a firm. All else being equal, cash received sooner is better.
To be effective the rewards must be desired by the target group e.g. financial inducements. * Legitimate power – generally known as authority and implies the power to act as well as the power over resources and is invariably limited in some way. * Expert power – which comes from possessing specialist knowledge and skills and is dependent on the expertise being recognised by those concerned, thus credibility is vital otherwise no one will take any notice. * Referent power – generally known as personal power or charisma and comes from the high regard the individual is held by others should this falter or wane then this form of power vanishes, but is often employed in conjunction with other sources.
Investment theory focusses on the extent to which commitment is determined by investment in a relationship rather than solely satisfaction or reward. Rusbult (1983) argued that the more someone invests in a relationship (whether in financial, temporal or emotional terms), the greater their commitment to that relationship. Rusbult & Martz (1995) used the basic principles of the investment theory to offer explanation as to why individuals stay in abusive relationships. In such cases, quality of alternatives becomes a significant factor in the continuation of what may be perceived by others
Advocates can often do the same, but are more for one side then both. Advocate does help create a equal balance of power if one side seems to have the upper-hand in the conflicts (Barsky, 2007, e book). 2. What is a conflict of interest? Conflict of interest is when an advocate may have personal dealings with the party, which can tip –the scale creating an unequal balance during mediation.
The traditional negotiation theory distinguishes between two negotiation styles. Positional bargaining which can be pursued in a hard or a soft manner has been complemented by the approach of principle based negotiation. In their publication "Getting to yes" Roger Fisher and William Ury proclaim being hard on the problem but soft on people to be "a method of negotiation explicitly designed to produce wise outcomes efficiently and amicably" The journal at hand deals with the question if principle based negotiation is an appropriate strategy to reach an agreement that yields promising returns for the single negotiator. My assumption is, that the approach may be too soft to maximize the negotiators outcome. Fisher and Ury recognize that "behind opposed positions lie shared and compatible interests, as well as conflicting ones".
The idea of power has many aspects to it and therefore is difficult to define. Some consider power to be authority while others may consider it to be control, yet no matter how many definitions society may come up with there is one undeniable fact. Power is intoxicating. The idea of being superior in anyway shape or form is seducing and almost impossible to turn down. Two admired philosophers, Michel Foucault and John Berger, have blessed the world with their different yet similar views on power and how it is obtained.
President George Washington emphatically stated that,” we should not look back unless it is to derive useful lessons from past errors, and for the promise of profiting by dearly bought experiences.” Many doubted his greatness but his impact on the United States of America remains paramount. Winning the War for American Independence, being the first president and shaping the way the Constitution was written, were all attributes of the “Father Of this Nation”, President George Washington. From his youth he lived by his belief that “Knowledge is Power” and he was not afraid to let the world know that God is an important part of everything we do. He was an advocate for justice and freedom. The little details in his life predicted his behavior in loftier and more difficult situations presented to him.
Incentives are offered to people in order to induce them to make certain choices or behave in a certain way. They can be either positive or negative. For example, positive incentives like discounts and rewards are beneficial; whereas negative incentives such as fines and penalties are not. Understanding how people respond to both positive and negative incentives is important in analyzing how society operates as a whole. Ultimately, it can be argued that “incentives are the cornerstone of modern life” (Levitt, 12), and having a grasp of this concept is a key to solving social and economic riddles.
Being exposed to situations of adversity a boy his age would not usually have to face, Jack yearns to meet the expectations of society in the 1950’s, especially that of manhood. The expectations of males in the 1950’s era was to be masculine and the dominant figure of the house. The men Jack looked up to as role models where men who had been to war and owned guns. Although it is easy to see in the first passage what a poor person Roy is, from his attempts of ‘threats and occasional brutality’ to make sure Rosemary held her ‘place’, it is clear Tobias presents his younger self as blinded by Roy being ‘what a man should be’. Furthermore Jack’s use of the word ‘should’ instead of could or would, to describe Roy, signifies how, at that point, Jack thinks that all other forms of manhood, other than Roy’s, is not correct .
Context: Power and Authority Essay: People obey authority out of respect, while they obey power out of fear.” Introduction 1. Power and authority are interpreted in many different ways. Authority is respected and recognized, where as power is used to exploit and manipulate situations simply to gain control or sway judgments. In some scenarios, power and authority are essentially indistinguishable, in others; one is taken advantage of by the other to dominate. E.g.