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What is Modernization Theory?

Modernization theory focuses on how societies modernize. It is based on historical research and aims to describe how a society becomes modern. Supporters of this theory have used these ideas to provide a template for how countries that are considered ‘underdeveloped’ should develop. This is a theory that causes a lot of debate and is not accepted universally.

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What Is Binding Arbitration?

These days many of us will be expected to sort out our grievances with a company through binding arbitration. There are pros and cons to this type of grievance resolution and there are those who claim it is unfair. This is something that we will often voluntarily give our consent to, but many of us might not understand the implications of what we are agreeing to at the time. There are also times when binding arbitration is mandatory. This is not to say that binding arbitration is necessarily a bad thing; it can actually work out well for the person making the complaint and it is now becoming common practice in many industries.

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Top 6 Best Personal Financial Planning Books Reviewed

Personal financial planning is an important topic for those of us who are serious about managing our fortunes. The purpose of this type of activity is to bring ourselves and our family closer to financial security. There has been a lot written on this important topic and we will be examining just the top 6 best personal financial planning books here.

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What Are Professional Ethics?

Professional ethics are moral expectations that are applied to those who work within certain specialties. The reason why there are special expectations of these people is that they are seen has having power that is not normally available to general members of the population. For example, a doctor is a professional who is allowed to do things to other humans that would not be permissible for those who did not belong to their profession. If an individual tried to cut another person open with a scalpel it would be considered assault, but we allow a surgeon to do this. The fact then that these professionals have power that isn’t normally given to everyone means that there has to be special expectations.

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What is an Underwater Mortgage?

underwater mortgageIf you follow the newspapers you will probably have heard the term “underwater mortgage”. This has nothing to do with owning property beneath the waves but instead refers to a situation where the amount you owe on a property is more than the value of the property itself. Since the economic meltdown a few years ago there have been a lot of people who have found themselves in this unenviable situation.

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What is a Business Model?

These days it is more or less expected that a company will make use of a business model. There are hundreds of books devoted to the subject and if you do a search on Google there are about 48 million hits for the term. Despite the fact that there undoubtedly is a lot of interest in the subject there is also a lot of confusion about what a business model actually is. There are also those who will understandably wonder if such a model is required in the first place.

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What is an Insurance Claim?

insurance claim formOn the day we need to make an insurance claim it is then that we most appreciate our decision to actually choose a policy. This is when we apply for the benefits of the claim because we are now entitled to them. Just because we make a claim it doesn’t mean that it will automatically be granted; the insurance company might refuse to pay if they believe they have a good reason to do so. If they do decide to pay out then in a lot of cases we won’t see any of the money, but instead it will be given directly to those who provided the service that the insurance covered. For example, if we have health insurance the insurer will usually pay the money claimed directly to the health care facility.

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What is a Vision Statement?

If you do some research of all the top companies around the world you are likely to find that all of these have some type of vision statement. This is more than just something that is used in a brochure to impress clients, but it is something that should act as a beacon for the company. When you create a vision statement for you company you are putting into print your aspirations for the business; these aspirations will then become something that you will work towards in the future.

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