do unto others what you want others to do unto you
Classical utility theory is satisfying needs and wants. It is an important concept in the economics and game theory.
Set theory is the mathematical study of sets. Set theory in business is important because it assists with the operations and planning in a business.
The problem of agency theory are pricniple and agent.
The assumptions of a Theory X worker is that they are;lazydislike responsibilityresistant to changelack ambition
The McGregor's theory x implies that workers need close supervision because they are not self motivated by nature. The theory y implies that there is no need for close supervision because employees can generally motivate themselves to meet targets.
what ought to be
Normative theory provides the collection of financial information.
Normative Theory is a theory that prescribes how a process of accounting should be done. This theory is not based on observation and may suggest radical changes to current practices in accounting
Normative theory is used to advise what methods should be used for accounting. Positive accounting theory explains and predicts accounting as it is currently happening.
Normative theory focuses on what should be done based on ethical, moral, or societal principles, while historical cost theory values assets at their original purchase price. Normative theory considers broader implications and ethical considerations, while historical cost theory is more concerned with financial accuracy and reliability.
nature of accounting theory is 2 type 1. is positive theory and 2.normative theory
Normative ethics theory describes developing good charachter habits and traits
A positive theory is a theory that attempts to explain how the world is while a normative theory attempts to explain how the world should be. The theories are used together in different social science fields, including economics.
A normative theory prescribes how things should be or how people ought to behave, based on values and beliefs. A descriptive theory seeks to explain how things are or how people actually behave, based on observations and empirical evidence. Essentially, normative theories provide moral or prescriptive guidance, while descriptive theories provide explanatory or analytical insights.
Normative theory provides the collection of financial information.
Virtue Theory
Confidentiality Theory