Growth maximisation is where the firm’s main goal is to increase the size of the firm as much as possible. Some firms may have the objective to maximise revenue, this basically is when a firms aim is to achieve as high total revenue as possible and occurs when marginal revenue to equal to zero. Another objective of s firm may be a profit satisfaction, this is where a firm produces a profit which is deemed to be a reasonable level, which is satisfying to stake holders and is not maximising profit. The best example in a leisure market is a firm that has been recently set up and wants to survive so the first couple of years their target will be to make a profit and survive. If they try to maximise profit it would an unrealistic competition as
The power of the Supreme Court to declare laws unconstitutional leads some people to assume that the judicial branch will be superior to the legislative branch. Hamilton examines this argument, starting with the fact that only the constitution is fundamental law. To argue that the constitution is not superior to the laws suggest that the representative of the people are superior to the people and that the constitution is inferior to the government it gave birth to. The courts are the arbiters between the legislative branch and the people; the courts are to interpret the laws and prevent the legislative branch from exceeding the powers granted to it. The courts must not only place the constitution higher than the laws passed by congress, they must also place the intentions of the people ahead of the intentions of their representatives.
They believe justice is achieved when all of these elements fulfil their functions and work in harmony. Aristotle is an important theorist for distributive justice; he is one of the earliest theorists and was a pupil of Plato. Plato saw justice as as occupying the middle ground between two extremes and there to keep proportionality. Distributive justice involves fair distribution of society’s wealth, a just state giving larger shares to those who contribute the most society, meaning the worthiest receive more than the
It would be beneficial to have him take the What Time of Day am I Most Productive survey to see if his poor decision making is based on his ability to focus. The characteristics of the employees make up the characteristic of the company, and both of these are a direct reflection of their leadership. Keeping employees happy is a key element to success, as noted in (Robbins & Judge, 2011), “Therefore, companies implement programs; such as piece-rate pay where workers are paid a fixed sum for each unit production completed”. It is imperative that a company can attract and retain a skilled workforce. Ensuring that their compensation is competitive with the market and valuing the employee’s opinions are just two ways to accomplish this.
7). This type of unemployment benefits the worker because it allows them to search for jobs they like the most and for jobs that suits them the best. This gives the worker an opportunity to find a better job match with a competitive pay. Fictional unemployment also benefits companies by allowing them opportunity to find qualified workers that match their corporate values. Companies will have an opportunity to choose among the best talent on the market.
He sought to create opportunities for others instead of simply giving it to them the easy way. Instead of individuals getting a more money so they can spend more how about give them chances to want to learn and earn the money they desire for themselves. If you want something in life you have to go out and get it, no one will give it to you for free. Carnegie was the term for a notion promoted by many successful businessmen that their massive wealth was a social benefit for all. Carnegie believed it was better to benefit mankind then just individual’s needs.
But in contrast there are very different at the same time. The crime control model is used in the criminal justice system for the prevention of crime. The crime control does not exclude that is possible to make a mistake, but based on the circumstances of the laws, the person is considered guilty until her or she is proven innocent. This model is based on old fashion laws which allow rapid and speedy convictions despite the mitigating factors of the case and the victim. The results, of the crime control model are wrongful convictions, being over-turned and this is a major downfall in the criminal justice system.
Larceny According to Lawbrain.com, the crime Larceny is unlawful taking of someone else’s personal property and is most commonly known as theft today. This crime originates from the common law of England and was developed by the royal courts of England in the 17th century. The reason why this crime was developed was to bring punishment to those who took private property through nonviolent means because “they” wanted to differentiate against robbery. Robbery involves unlawful taking of personal property through violent means. The courts felt that taking without any violence involved shouldn’t receive the same punishment.
He argued that they lack the power to act so they are weak. According to Hamilton (1788), they possess “merely judgment; and must ultimately depend upon the aid of the executive arm even for the efficacy of its judgments” (p.256). Hamilton (1788) pointed out that the court may sometimes be biased but, “the general liberty of the people can never be endangered from that quarter” (p. 256). In respect to the interpretation of the law, Hamilton (1788) believed that the constitution is “a fundamental law…” (p.257) and, “if there be an irreconcilable variance between the two, the constitution ought to be preferred to the statute, the intention of the people to the intention of their agents” (p.257). He is indirectly saying; court’s rulings give back power to the people.
In short, consequentialism is the decision is ethical if the positive outcome is greater than the negative outcome. Deontology is the ethical theory that is concerned with duties and rights. Whereas consequentialism is concerned with actions consequences, deontology is concerned with the obligation or duty motivating the decision (Brooks, 2007, p. 330). Decisions are based around moral standards, rights, fairness, and principles. Scenario 1 The consequentialism approach is in favor of economic prosperity; the most favorable consequence for the greatest amount of people.