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Classical utility theory?
Classical utility theory is satisfying needs and wants. It is an important concept in the economics and game theory.
What are the problems of agency theory to the financial manager?
The problem of agency theory are pricniple and agent.
Which of the following is a Theory X assumption?
The assumptions of a Theory X worker is that they are;lazydislike responsibilityresistant to changelack ambition
McGregors theory x and theory y of motivation?
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.
Scope of micro economics?
Under the scope of microeconomics we study about different fields of areas of it . The major scope of microeconomics covers the following topics: 1. theory of demand (consumers behaviours) 2. theory of production ( producers behaviours) 3. theory of product pricing (price & output determination) 4. theory of factor pricing ( distribution) 5. theory of economic welfare
What is the normative theory?
what ought to be
What are the advantages of normative theories?
Normative theory provides the collection of financial information.
What is Normative accounting?
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
What is the difference between 'Normative Accounting Theory' and 'Positive Accounting Theory'?
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.
What is the difference between in Normative theory and historical cost theory?
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.
What is duty theory?
Normative ethics theory describes developing good charachter habits and traits
Nature of accounting theory in brief?
nature of accounting theory is 2 type 1. is positive theory and 2.normative theory
Can positive theories assist normative theories?
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.
What are the advantages of theories?
Normative theory provides the collection of financial information.
What is the difference between a normative theory and a descriptive theory?
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.
Which type of normative ethic theory describes developing good character habit and traits?
Virtue Theory
What is an example of a normative organization?
health care organization
