An adjustable-rate mortgage, commonly referred to as an ARM, may start off with a fixed rate for a specified amount of time (one to five years is common) but will then adjust to the market index and continue to adjust on a regular scheduleâeither up or down.
The Practical Ethics minor is designed to familiarize students with the nature and varieties of moral reasoning that are applied to areas of everyday experience, such as: business, marketing, management, and sales; medicine and the delivery of health care; law enforcement; media and public relations; social service careers; civic life; and intimate life in the roles of friend, lover, partner, parent, child, man or woman, and racialized person.
Practical wisdom (Greek phronesis; sometimes translated âprudenceâ), says Aristotle, is âa. true and reasoned state of capacity to act with regard to the things that are good or bad. for manâ Nicomachean Ethics VI.5). So while practical wisdom involves knowledge of what. is good or bad, it is not merely theoretical knowledge, but a capacity to act on such. knowledge as well. This capacity requires. 1. a general conception of what is good or bad, which Aristotle relates to the conditions.