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Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service. Also, we can say it is the cost of the work done by those workers who actually make the product on the production line.
Sociology of morality is the branch of sociology that deals with the sociological investigation of the nature, causes, and consequences of people's ideas about morality. Sociologists of morality ask questions on why particular groups of people have the moral views that they do, and what are the effects of these views on behavior, interaction ...
According to Aristotle, how to lead a good life is one of the central questions of ethics. [1]Ethics, also called moral philosophy, is the study of moral phenomena. It is one of the main branches of philosophy and investigates the nature of morality and the principles that govern the moral evaluation of conduct, character traits, and institutions.
Moral Psychology is the study of human thought and behavior in ethical contexts. [1] Historically, the term "moral psychology" was used relatively narrowly to refer to the study of moral development. [2] [3] This field of study is interdisciplinary between the application of philosophy and psychology.
Moral foundation theory identifies five forms of moral foundation: harm/care, fairness/reciprocity, in-group/loyalty, authority/respect, and purity/sanctity. The first two are often termed individualizing foundations, with the remaining three being binding foundations. The moral foundations were found to be correlated with the theory of basic ...
A moral choice can be a personal, economic, or ethical one; as described by some ethical code, or regulated by ethical relationships with others. This branch of psychology is concerned with how these issues are perceived by ordinary people, and so is the foundation of descriptive ethics.
Mathematically, social marginal cost is the sum of private marginal cost and the external costs. [3] For example, when selling a glass of lemonade at a lemonade stand, the private costs involved in this transaction are the costs of the lemons and the sugar and the water that are ingredients to the lemonade, the opportunity cost of the labor to combine them into lemonade, as well as any ...
Sociology is the scientific study of human society that focuses on society, human social behavior, patterns of social relationships, social interaction, and aspects of culture associated with everyday life.