Philosophy (PHIL 108)

Institution Egerton University
Course Bsc.Actuarial Scienc...
Year 1st Year
Semester Unknown
Posted By Duncan Akatch
File Type pdf
Pages 26 Pages
File Size 442.19 KB
Views 1503
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Description

These notes are ment to equip learners with knowledge about the values they are required to up hold for a peaceful co-existance in a community
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Business law is made up of the laws that set out the rights, duties and obligations of people in business. Business law balances the interests of those in business and people like producers and consumers, buyers and sellers, lenders and borrowers. It regulates business transactions under the law of contract, which explains when an agreement will be legally enforceable as a contract and is updated by competition and consumer law. It regulates those engaged in business (companies, partnerships, etc), their names, their funding (finance, credit), their banking and their insurance. Many aspects of criminal law (especially property offences) and tort (especially the law of negligence) impact on business.
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Business management
For a long time the topic of Emotions and Moods did not receive any attention in organisational behaviour for two reasons: The first is the myth of rationality. According to Robbins and Judge (2013) since the late nineteenth century and the rise of scientific management, the rules at the workplace world discouraged display of emotions and emphasized rationality. A well-run organization was one that didn’t allow employees to express frustrations, fear, anger, love, hate, joy, grief, and similar feelings. The prevailing thought was that such emotions were the antithesis of rationality. Even though researchers and managers knew that emotions were an inseparable part of everyday life, they tried to create organizations that were emotion-free. That, of course, wasn’t possible.
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