* What are the legal requirements? * Didn’t break any laws, related to him applying company funds towards personal use even though his act was solely beneficial to himself alone. What are the ethical duties? * Maintain price-competitive markets will ensure that scares resources are used to optimally satisfy consumer needs. * Pareto Optimality wasn’t obtained because maximum benefits of most wanted goods and services produced at minimum cost of least wanted resources.
LIT1 Task 1 SOLE PROPRIETORSHIP: As the first word in the name suggests there is no distinction between the owner and the business, legally they are viewed as one entity. When it comes to starting a business this option is a perfect one because there is little to no start-up cost and autonomy since it is now your sole responsibility. The main disadvantage to this type of business is that financially the owner may find it hard to start up because any money that I loaned is a personal loan. • LIABILITY – The owner (proprietor) is liable for all debts and profits the business is and vice versa. The business and the owner are one entity so when the business owes on a debt the owner’s personal assets are liable to be taken as payment
Bossuet also emphasized the alarming responsibility of the sovereign, who was to behave as God’s image, govern his subjects as a good father, and still remain unaffected by his power. “Royal authority is paternal and in its proper character is goodness”. This is merely saying that although the king is the sovereign ruler and the people have no authority to question him, he as an appointed authority of God is obligated to take care of the people. “It is royal right to provide for the needs of the people. He who undertakes it as the expense of the prince undertakes
The economic and social structures of the hunter-gatherers during the Paleolithic Age and the urbanized societies differed a substantial amount. Within the Paleolithic Age, hunter-gatherers social structure was based on equality. Both men and females were treated with equal importance, as they were both vital to the livelihood of their bands. The lifestyle of the people of this time restrained them from owning private property. So, with everyone equal there was no need-or possibility- of social distinction.
If I had to choose a type of government, I would support the Federalists. The Anti-Federalists did not want to ratify the Constitution. Basically, they argue that the constitution gave too much power to the national government at the expense of the state governments, there was no bill of rights, the national government could maintain an army in peacetime, Congress, because of the `necessary and proper clause,' wielded too much power and the executive branch held too much power. The Antifederalists, were generally farmers, debtors, and other lower class people who were loyal to their state governments. Antifederalist leaders, including Samuel Adams and Patrick Henry, typically enjoyed more wealth and power than the people they led.I am sure these seemed like legitimate claims at the time, however, they are really fears unfounded by any proof.
On top of this, vertical integration put all the money and power into the hands of a few people that controlled whole industries and there was no attempt to regulate or try to monitor the system (Vries, 03 25 2003). The government needed to regulate businesses. and TR tried to fix it but was demonized and called “un-American”. He didn't want to restore competition at a lower level but wanted to show JP Morgan and Carnegie that they also had to feel democracy and follow the rules, no matter how wealthy they were they weren't an exception to equality (Vries, 03 25 2003). Roosevelt believed that the government had the right and the responsibility to regulate big business so that its actions did not
Locke thought that the government’s power was best limited by dividing it up into branches, with each branch having only as much power as is needed for its proper function. This way no one branch has too much authority. This also increased the protection and preservation of mankind’s private property. In conclusion Locke's work he explains that the concepts of government power cannot possibly be absolutely arbitrary over the lives and fortunes of the people. He also states that it was the joint power of every member of the society.
Although a separate entity, we should always co-operate with Alcoholics Anonymous. 7. Every group ought to be fully self-supporting, declining outside contributions. 8. Al-Anon Twelfth Step work should remain forever non-professional, but our service centers may employ special workers.
Citizens had no freedoms and did not pick their own leader. Equality was highly valued in the USSR; people had their basic needs supplied by the government to ensure everybody was equal. In the United States people were considered individuals, they were able to have schooling, picked their own jobs and bought whatever they pleased. Citizens living in the USSR picked their own jobs but were all paid the same
In “Harrison Bergeron” Kurt Vonnegut shows how fairness and absolute equality roles the near future. George, Hazel, and Harrison Bergeron are the three main characters in this story. They live in a time when the 211th, 212th, and 213th are the laws of the land, which makes being different basically impossible. The agents of the Handicapper General make sure that all laws are properly enforced. No matter what abilities God has blessed them with they are unable to showcase their personal strengths to the world.