Ethics Is the Branch of Philosophy That Focuses on What

question 21

True/False

Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.

Understand the implications of moving from a non-business background to considering entrepreneurship.

Understand the basic principles and theories of management, including the systems approach.

Recognize the historical development of management theories, including contributions from key figures like Henri Fayol and Frederick Taylor.

Acknowledge the significance of the historical perspective in understanding current management practices.

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Definitions:

Gross Investment

The total amount of capital expenditure a company spends on maintaining and increasing the scope of its operations.

Net Investment

The total spending on new fixed investment minus depreciation on existing physical assets.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value due to use, wear and tear, or obsolescence.

Disposable Income

The net income available to an individual or household for saving or spending after income taxes have been deducted.