Notes, summaries, assignments, exams, and problems for Philosophy and ethics

Understanding Common and Preferred Stock

Par Value Explained

Par Value: The stated value on a stock certificate.

• An accounting value, not market value.
• Represents the dedicated capital of a corporation, calculated as the total par value (number of shares * par value of each share).

Authorized vs. Issued Common Stock

• The articles of incorporation must state the number of shares of common stock the corporation is authorized to issue.
• The board of directors, after a vote of the shareholders, may amend the articles of incorporation to increase the number of shares.
• Authorizing a large number of shares may concern investors about dilution because authorized shares can be issued later with the approval of the board of directors but without a vote of the

Dividends

• Unless a dividend is declared by the board of directors of a corporation, it is not a liability of the corporation (A corporation cannot default on an undeclared dividend)
• The payment of dividends by the corporation is not a business expense. (Therefore, they are not tax-deductible)
• Dividends received by individual shareholders are, for the most part, considered ordinary income by the IRS and are fully taxable (There is an intra-corporate dividend exclusion)

Preferred Stock

Preferred stock represents equity of a corporation, but is different from common stock because it has preference over common in the payments of dividends and in the assets of the corporation in the event of bankruptcy. They have a stated liquidating value (usually $... Continue reading "Understanding Dividends, Preferred Stock, Debt, and Equity in Corporate Finance" »

Alternative Models of Behavior

_(1.2)

Money Matters

• Reductionist and simplistic model: “Everything and everyone has a price” – the “economic model” is richer and more subtle than this.
• The only component of a job is monetary compensation.
• Therefore, anyone can get anybody to do anything for sufficiently high compensation; the economic model cannot guarantee that! (Easy job life and poor results)

Happy-Is-Productive

• Employee satisfaction and happiness is not a means in itself but rather instrumental to firms’ goals.
• It is the view of managers who believe that “happy employees are more productive”.
• In this way of thinking, employees exert higher effort and dedication in the job not when they are better paid, but when they feel better treated.

• Even in this place where there is no competition for power (the king is absolute) nor for goods (they are common), there is still a place for malice (cf. XII.35).
• Rasselas's encounter with the aeronautical engineer (VI) provides a pattern that is repeated throughout the narrative.
• The engineer's project would have seemed futile to Johnson's contemporaries: The attempt at human flight, though rational, is doomed to failure; the engineer's fall into the lake is typical of all human aspirations.
• The story of Imlac also prefigures the rest of the narrative: Though his father aspires only to the increase of wealth, Imlac recognizes that his own desire for the increase of knowledge does not bring him happiness.
• The possession of knowledge cannot prevent

Authoritarian

Expecting others to obey rules completely.

Demanding

Needing a lot of your time and energy.

Consensual

Involving the agreement of most people in a group; democratic.

Coaching

Giving training or advice for a specific job or task.

Mentoring

Advising and helping someone more generally over a longer time period.

Empowerment

Giving control over decisions to other people.

Liaison

Exchange of information between people so that they work well together.

Hierarchical

Where people and jobs are divided into many levels of importance.

Proactive

Taking action before it's needed, rather than waiting until problems develop.

Qualities

Part of your character and personality, often present at birth or developed early in life. Hard to change.

Skills

Can be developed... Continue reading "Essential Business & Management Terminology" »

Effective Shift Handover

Effective communication between outgoing and incoming personnel is extremely important in maintenance. Individuals must assume personal ownership and responsibility for their tasks. Information should be transmitted in written, spoken, and gestured (nonverbal) forms. Using multiple communication methods (redundancy) reduces risk.

When an experienced person hands over to an inexperienced one, the former must assume the latter lacks the same knowledge and will need more time for the handover. For example, a brief, spoken-only handover (lack of redundancy) resulted in missing screws during installation. The next shift, believing all screws were installed, released the airplane for service.

The Dirty Dozen

The Dirty Dozen refers... Continue reading "Effective Shift Handover and Human Error in Aviation Maintenance" »

Advantages and Disadvantages of Starting Your Own Business

Some people contemplate starting their own business at some point in their lives. Like everything in life, owning a business has its advantages and disadvantages, its securities and risks. But perhaps, not having a job also has risks. The wonderful adventure of starting a business is something worth experiencing. In this essay, we will discuss the arguments in favor of and against this issue.

Advantages of Owning a Business

On the one hand, there are many advantages, such as:

• Economic independence
• Freedom of time
• The possibility to work where you like
• Leaving an inheritance
• Planning your holidays

A study by... shows that 40 percent of people have benefited from owning their own business, 50... Continue reading "Starting a Business: Advantages and Disadvantages" »

ESSAYS

A: Discuss the symbolism of Shakespeare in Brave New World

Shakespeare is what helps John understand the worlds that he experiences. He can understand cultural and social difference between the two world.

B: Discuss to what extent we have moved toward Huxley's futuristic vision of Brave New World

In our real world today, people are still brainwashed with catchy phrases that stick their consumeristic lifestyles into their ways of living. In Brave New World, "Ending is better than mending" is one of the phrases that's repeated the most. It pushes and encourages people to buy new products. In a real-life situation, let's say someone buys a shirt for $5, but the thread holding the hem of the shirt breaks soon after being purchased. That person... Continue reading "Exploring Themes in Aldous Huxley's Brave New World" »

Understanding Logical Fallacies

Logical fallacies are common errors in reasoning that undermine the logic of an argument. They can be illegitimate arguments or irrelevant points.

Common Logical Fallacies:

• Slippery Slope: A course of action that seems to lead from one action or result to another with unintended consequences. Example: If we allow the children to choose the movie this time, they are going to expect to be able to choose the school they go to or the doctors they visit.
• Hasty Generalization: A conclusion based on insufficient or biased evidence. Example: Kevin's grandparents do not know how to use a computer. Kevin thinks that all older people must be computer illiterate.
• Post Hoc Ergo Propter Hoc: A fallacy in which one event is said