Using the example of a graphic designer, the various advantages and disadvantages of the employee and entrepreneur roles come into sharp focus. To begin with, there is the obvious consideration of job security, or ongoing earning. The designer employed by a company has a degree of job stability not available...
David Klein’s story addresses ethical, moral, and philosophical theories that took place in the candy business. Klein actions can be viewed as the Divine Command Theory. This theory states that morality is based on something higher that mundane human events. He considered how we ought to behave, what is best...
Thomas Keller is the only American-born chef in the world to be awarded multiple Michelin star ratings for two different restaurants (Thomas Keller Restaurant Group, n.d.). In 2005 he received one for his New York Restaurant Per Se and in 2006, he received the same award for his Bay Area...
According to Richard Thaler, a Utility Graph is used in business by economists to measure the usefulness obtained by a certain consumer from a certain good. However, to understand the usefulness, the utility graph must be used accurately and correctly. Utility graph is defined as indifference curve that can make...
When considering investment of corporate profits, the best return for the lowest risk is always a favorable position. However, if faced with the decision to make an investment in computer software that is either a high-risk, potential high profit software or a low-risk, moderate profit software, there are several considerations...
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