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53 Cards in this Set
- Front
- Back
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AGE OF REFORMATION |
A movement within Western Christendom to purge the church of abuses and restore doctrines. |
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WHAT DID THE AGE OF REFORMATION LEAD TO? |
This movement led to a breach between the Roman Catholic Church and thereformers who became Protestants (from the word Protest). |
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WHAT IS AN INDULGENCE? |
An Indulgence is a forgiveness of a sin by the Catholic Church. |
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WHO CAME UP WITH A MARKETING SCHEME FOR INDULGENCES? |
John Tetzel |
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WHAT DOES MARTIN LUTHER DO ABOUT THE INDULGENCES? |
Leads the Reformation. Starts to change thinking about church role/influence on business, influence of money, and who can make profits. |
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" " movement leads to such faith sets as Calvinists, Presbyterians,Anabaptists, Lutherans, and Anglicans |
PROTESTANT |
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WHAT DID THE CATHOLIC CHURCH RECENTLY DO VIA POPE JOHN PAUL II? |
Approve of free market system, capitalism, and that corporate profits were ok; but added that profits were not a solution to human problems but a mechanism to help solve them. |
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WHAT ARE MILLER'S 6 M'S? |
Motivation/Innovation, Money, Marketing, Morals, Mob/Team (no ‘I’ in team), Magic(Luck) |
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WHAT ARE THE FOUR P'S OF MARKETING? |
PRICE, PLACE, PROMOTION, PRODUCT. |
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WHO ARE THE BIGGEST CHEATS? |
MBA'S, deterrent is honor code. |
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WARREN BUFFET? |
“It takes 20 years to build a reputation and 5 minutes to ruin it. If youthink about that, you’ll do things differently.” |
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AVOID WHAT THINKING? |
ENDS JUSTIFIES THE MEANS THINKING. |
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BEWARE OF? |
VALUE MIGRATION OVER TIME. |
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COMMERCE |
Exchange of something of value between two entities and requiresmarkets. |
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CAPITALISM |
Unencumbered pursuit of wealth. Infinite profits, infinite growth, maximum self interest. |
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MARKET |
The process of buying and selling. |
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FREE MARKET |
A market where price is determined by the unregulated interchange ofsupply and demand rather than set by artificial means. |
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LAISSEZ-FAIRE |
The french term, "let things alone". Referring to the government leaving the business world alone. |
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CAPITALISM IS LINKED TO WHAT? |
Markets, markets linked to government, then capitalism linkedto government (taxpayer ownership if large companies; Northwest airlines attendants,yellow dog contracts, Railway Labor Act). |
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PUBLIC COMPANIES |
Management: reports to board of directors (BOD). BODresponsible for overseeing owners, the shareholders, interest. Management's ultimateresponsibility - increase shareholder value (i.e. increase share price). Management'sarrogance - can lose sight of role. Quarter-to-quarter profit pressures and greed (e.g.bonuses tied to profit performance) can sometimes cause management to make/createshort term actions that boost share price but border on questionable judgment or fraud. |
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BUS 1050 IS SYNTHESIS OF? |
Left side of management, marketing, accounting, finance,and production (where we live our lives) with the right side of theology, philosophy,politics, history, and literature (where our wishes reside). |
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WHAT LIKE DARWIN SAYS MUST COMPANIES DO? |
Companies must adapt to survive. Like Darwin "survival of the fittest". Coined by Herbert Spencer as applies to businesses in changing markets but term adapted/applied by Darwin. |
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CAPITALIST IDEALS? |
A. Maximum profits B. Maximum growth C. Maximum self interest |
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Power, scarcity, abundance |
SUPPLY AND DEMAND |
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POWER ALLOWS WEALTH |
WEALTH IS POWER |
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SCARCITY IS A TOOL OF CONTROL? |
LOW SUPPLY, HIGH PRICES |
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TYRANNIES |
‘of man’ and ‘of nature’ present control and product opportunities |
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CAPITALISM AND PROFITS |
CAPITALIST IDEALS |
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TRANSITIVE PROPERTY |
Capitalism, markets, and government are linked. |
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Adam Smith and Herbert Spencer and Charles Darwin |
1. Believed free markets led to profits which benefited humanity 2. Spencer coined phrase “Survival of the fittest”: Businesses advance due toadaptation which dictates ability to sustain over time (Darwin borrows phrase) |
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JAMES WATTS |
Invents the steam engine which allows non-animal powered machineswhich allows large scale production including looms for cloth. |
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UTOPIANS |
Believe in abundance of goods. |
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Thinking shifts from scarcity? |
Thinking shifts from scarcity as wealth creator to abundance and large volumes: make more, sell more, make more money. |
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TYRANNY OF NATURE |
A. Elements of Nature- Earthquakes, Tornadoes, Tsunami B. Example- Loss of eyesight, sound, or diseases. C. Leads to new industry or innovation- glasses, hearing aid, or pharmaceuticals. |
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TYRANNY OF MAN |
A. Artificial scarcity B. Power over others C. Monopoly |
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FRANCIS BACON |
On studying from Of Studies |
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READING MAKES? |
A full man; reading allows understanding of history; reading leads towisdom. |
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READ TO QUESTION AND? |
STIMULATE THINKING |
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WHY STUDY? |
It teaches us, improves judgment, makes us think (weigh and consider), and makes us learned and wise. |
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STUDYING TOO MUCH CAN MAKE? |
One lazy (sloth), can be not genuine but to show-off (affectation), and simply be silly (humor). |
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Henry David Thoreau- On Reading from Walden |
Worked at his Father’s pencil workshop, Lived in Ralph Waldo Emerson’s cabin onWalden Pond. |
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OBJECTIVE OF HENRY DAVID THOREAU TO LIVE IN WALDEN'S CABIN? |
learn the simple life and get closer to spirituality. |
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RAISE THE VEIL? |
TRUTH |
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MUST WORK LABORIOUSLY TO SEEK MEANING OF WRITINGS? |
WISDOM/HISTORY |
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SCALE HEAVEN |
SPIRITUAL AND INTELLECTUAL ENLIGHTENMENT |
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READ WELL |
FOR MEANING |
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READ TO? |
LEARN |
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BOOKS? |
enlighten, influence, provide access to intellectual culture |
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COLUMBUS: THE DIARY- |
ROI |
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COLUMBUS MOTIVATIONS? |
serve his investors, gold/wealth, religious, fame/prestige |
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TREAT PEOPLE FAIRLY.... |
CREATE A JOINT VENTURE |
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BUSINESS OPPORTUNITIES SHAPE CIVILIZATIONS |
new ideas, new products better life |
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Explorations are to find new business opportunities |
LAND/LABOR/CAPITAL |
