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On the issue of free will, Hume is a compatibilist, persuaded that determinism (necessity) can be reconciled with free will (liberty). In this reading he maintains that reconciliation is possible if we define liberty as "a power of acting or not acting, according to the determinations of the will." The idea is that you act freely when your act is caused by your will (desires, motivations, etc.), even though your will is determined. If your will determines your actions, then they come from you, and you can therefore be held responsible for them. A will that is not itself caused is neither possible nor desirable.
-Hume maintains that moral judgment is impossible.
Variable Expenses
Costs that vary in direct proportion with the level of production or sales volume, such as raw materials and sales commissions.
Traceable Fixed Expenses
Fixed costs that are directly associated with a specific department or product, and can be directly traced to it.
Minimum Required Rate Of Return
The lowest acceptable return on an investment, determined by an investor's or company's risk tolerance.
Average Operating Assets
Refers to the average value of the assets employed in a business's operations over a certain period of time, used to assess operational efficiency and return on investment.
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