In a Short Essay, List and Discuss Five of the Seven

question 28

Essay

In a short essay, list and discuss five of the seven guiding principles that W.D. Ross presented as the basis of how individuals develop a level of intuition that becomes incorporated in their decision-making process.
a. Fidelity-an individual needs to keep explicit and implicit promises
b. Reparation-an individual must act on repairing the consequences for previous wrongful acts
c. Gratitude-an individual must be able to show gratitude for the kindnesses that others have given him or her
d. Justice-an individual should try to see that any goods are fairly distributed
e. Beneficence-an individual should focus on trying to improve the lives of others
f. Self-improvement-an individual should improve himself or herself by focusing on virtue and intelligence
g. Noninjury-an individual should not cause any harm to others

Grasp the concept of causality in research and distinguish between types of study designs (cross-sectional, panel, experimental) for causal inference.

Understand the objectives of research including theory development, description, and establishing causality.

Identify the implications of research design choices on the validity and generalizability of study findings, including the role of random sampling.

Understand the ethical guidelines governing research with human subjects, including informed consent and confidentiality.

---

Definitions:

Horizontal Analysis

A financial analysis technique that compares historical financial information over a series of reporting periods, to observe trends and changes over time.

Financial Statement Data

Information found in financial statements that provides insights into a company's financial condition, including balance sheet, income statement, and cash flow statement data.

Inventory Turnover Ratio

A performance metric that shows how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Solvency

The ability of a company to meet its long-term financial obligations and sustain operations, indicating financial health.