Catholic magisterial teaching Essay Example | Topics and Well Written Essays - 500 words

Catholic magisterial teaching - Essay Example Conscience guides man on what to do and what not to do and since it is the voice of God it will always lead us in doing what I righteous. God created all human beings in his own image, and He requires us to love him and also love our neighbours. With love, we will think well of others, with love we cannot kill, steal, take bribes or favour individuals based on either their race, ethnic group or any other classification. Conscience brings together people from different parts of the world in the search of the truth hence strengthening their social relationships, and more so creates peace and coherence. It is through these interactions and conscience that people develops norms of morality that guide them no matter their geographical location and hence in the long run the whole world is united and guided by laws that uphold respect for others. In conclusion, it is evident that these teachings from the Gaudium et Spes are critical if put into place. They will increase peace and love for o thers and remove selfishness and hence will lead to equitable distribution of wealth and access to employment as human beings see each other as being equal and important in the eyes of God (Paul VI Ch. 1). The church and other Christian organization should continue to act as patrons to the poor. According to the Gaudium et Spes Chapter 4 Section 42, it is the role of the church to create works like charity to benefit the poor people in the society. The aim of the church is to unite the human race, and this can only be achieved by addressing the particular needs of the people. The church also aims at doing what is useful to other people, and this creates an obligation of meeting the needs of the poor people in the society. The church emulates Christ and in bringing unity and strengthening of the human family and this can only be achieved by meeting the needs of the members. The church believes that the social

Profit Maximization - An Actual or Theoretical Objective Essay

Profit Maximization - An Actual or Theoretical Objective - Essay Example For example, rice farmed and thrashed by the farmer is sold for a particular value to companies. These companies in turn process the rice, separating quality grains and packing them with their label, thereby increasing the value of rice. The transporters and stores extract their profit by integrating it in the cost of the rice. In the end, the consumer pays a multifold monetary worth for the rice along with comparable value for money. Some organizations tend to get carried away with their profit-making motives, ending up reaping unjustly high profits. Such organizations tend to lose their loyal customers for two major reasons: not being able to provide comparable value for money and with the entry of competition into their market. Profit Maximization is now a general trend, which had earlier been a typical phenomenon for monopolistic competition – where the absence of competition enables these organizations to charge unjustly high prices for their offerings. Hence it is said t hat free competition is the â€Å"invisible hand† for controlling market prices naturally (Smith). When companies are allowed to compete without regulatory interventions like government policies etc, the resultant market provides both buyers and sellers with best opportunities in terms of exchanges. Buyers and sellers benefit alike from the competition. Profit Maximization: Profit Maximization is a basic Economics concept, which implies extracting highest possible profits through production and sales processes. Profit is the difference between total revenue and the total cost. Total revenue implies the total amount an organization receives from business whereas the total cost means the total investment the organization makes to produce and sell the goods and services. At different activity levels, the cost incurred and the revenue earned tend to be different (as shown in the diagram). From: Sparknotes.com The above graph clearly shows varied profitability at different activit y levels. However, the highest profitability is at the point marked â€Å"profit maximization†. At this point, the difference between costs and revenue is the greatest. At all activity levels below and above this point, the profit is lower in comparison with this point. Profit Maximization can be devised through numerous methods. The aforesaid theory is the Total Cost-Total Revenue methodology for determining the profits. Marginal Revenue-Marginal Cost method is also used to determine maximum profitability activity level. However, the base line for both methods is the same – revenue minus cost equals profit. Theoretically, Profit Maximization is often explained as an unethical practice on behalf of business owners, focusing extensively on monetary gains and overlooking other factors. On this note, it is important to remark that profit maximization does not necessary include unethical practices regarding pricing. However, â€Å"it fails to take adequate account of alte rnative desires of the businessmen, for power, leisure, social prestige, and similar non-monetary rewards† (Koplin). Some critics do not agree that Profit Maximization is the underlying objective for business operations since it does not take into account other factors important in the eyes of the investors. Most businesses do not operate for profit reasons only – some businesses like certain blood banks and hospitals work for societal welfare that cannot be weighed in monetary terms. But some critics maintain the importance of Profit Maximizati