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Josiah Royce | Loyalty

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Josiah Royce | Loyalty
Royce defines loyalty in terms of the willingness to devote oneself to a cause. He distinguishes loyalty from emotion and something done purely for personal advantage, emphasizing the social aspect of loyalty in that others would potentially join a particular cause as well. He returns at the end to the personal spectrum, however, by suggesting that whether one is devoted to a good or bad cause, there are positive effects to be gained for oneself.
-A cause worthy of loyalty, according to Royce,


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Current Asset

An asset on the company's balance sheet that is expected to be sold, consumed, or converted into cash within one year or during the normal operating cycle of the business.

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Employing the use of debt to boost the prospective profits of an investment, which in turn escalates the risk of experiencing a loss.

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