Address the Important Difference Between Repressive Law and Restitutive Law

question 39

Essay

Address the important difference between repressive law and restitutive law.

Recognize the importance of continuous improvement and its methodologies in quality management.

Understand the significance of standards and certifications in quality management.

Appreciate the ethical considerations in managing quality of products and services.

Understand the characteristics and limitations of different capital investment evaluation techniques such as NPV, IRR, AAR, and Payback Period.

---

Definitions:

Disposable Income

After-tax income. Term applies to individuals and to the nation.

Welfare Rolls

A list or register of individuals who are receiving welfare benefits provided by a government.

Hours Per Year

A measure of the amount of time expressed in hours over the course of a year, often used in the context of work hours or operational hours.

Labor Force

The aggregate count of individuals who are either engaged in work or are in pursuit of a job.