when managers demonstrate the importance of ethical behavior through roles models, corporate credos, codes of conduct, and evaluation systems they are
Answers
When managers demonstrate the importance of ethical behavior through role models, corporate credos, codes of conduct, and evaluation systems, they are promoting an ethical corporate culture.
An ethical corporate culture is one in which the organization’s values, ethics, and principles are integrated into its policies, practices, and decision-making processes. By modeling ethical behavior, managers set a tone for the organization and promote ethical behavior among employees.
Corporate credos and codes of conduct provide clear guidelines for ethical behavior and create expectations for all employees to follow. Evaluation systems, such as performance appraisals, can reinforce the importance of ethical behavior by incorporating it into the criteria for evaluating employee performance. Together, these efforts can help create a culture in which ethical behavior is valued and rewarded.
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Related Questions
1) several types of risk are present in the u.s. economy. for each of the following, identify the type of risk that is present. explain your answer
Answers
a. Given that there is a chance of loss, this is a basic risk case. Terrorists carried out the attack, and a certain amount of money was lost as a result.
b. The house was damaged in the fire, which caused a monetary loss, so it is a property risk.
c. It is a case of personal risk since the family's head is completely crippled, which has an immediate effect on the family and results in the family's inability to meet its financial obligations, which results in an income loss.
d. Since the investor bought 100 shares, there was a chance of making a profit or losing money/ monetary risk, hence it was a speculative transaction.
e. Because the river's overflow affects thousands of people's property, this situation involves serious risk.
f. As the risk affected the opposing changes in the commodity price, interest rate, etc., this is an instance of financial risk.
g. Given that the worker may succeed or fail, it is a speculative case.
What are various types of risk?There are essentially two types of risk: systematic and unsystematic. Systematic risk is the market unpredictability of an investment, which means it represents outside factors that have an impact on all (or many) businesses in a given sector or group. The asset-specific risks that can impact an investment's performance are referred to as unsystematic risks.
The most significant categories of risk that a financial analyst should take into account while assessing investment opportunities are listed below:
Systematic Risk: The effect of the market as a whole
The uncertainty that is specific to a firm or an asset
Political/Regulatory Risk: This refers to the effects of political decisions and regulatory changes.
Financial Risk: A Company's Capital Structure (degree of financial leverage or debt burden)
Changes in interest rates' effects are known as interest rate risk.
The effects of shifting social norms, movements, and discontent are referred to as social risk.
Uncertainty regarding environmental liabilities or the effects of environmental changes is known as an environmental risk.
Operational risk is the degree of uncertainty that exists with respect to a company's day-to-day operations, including its supply chain and the delivery of its goods or services.
The effect that a management team's decisions have on a firm is known as managing risk.
Legal Risk - Uncertainty regarding lawsuits or the ability to conduct business
The level of industry competition and the effect that competitors' decisions will have on a firm
Thus, there are several types of risk and each of them has its own specifications.
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Complete Question:
Several types of risk are present in the U.S. economy. For each of the following, identify the type of risk that is present. Explain your answer.
a. The Department of Homeland Security alerts the nation of a possible attack by terrorists.
b. A house may be severely damaged in a fire.
c. A family head may be totally disabled in a plant explosion.
d. An investor purchases 100 shares of Microsoft stock.
e. A river that periodically overflows may cause substantial property damage to thousands of homes in the floodplain.
f. Home buyers may be faced with higher mortgage payments if the Federal Reserve raises interest rates at its next meeting.
g. A worker on vacation plays the slot machines in a casino.
norton manufacturing is considering the following two investment proposals:
Answers
Norton Manufacturing is considering the following two investment proposals:Investment Proposal A: The firm will purchase a new manufacturing machine for $150,000. This machine has a useful life of six years and will have a salvage value of $30,000 at the end of its useful life.
It is projected that the machine will increase the firm's annual net income by $25,000.Investment Proposal B: The firm will purchase a building for $500,000. This building has a useful life of 20 years and will have no salvage value at the end of its useful life. It is projected that the building will increase the firm's annual net income by $55,000.The most feasible investment proposal for Norton Manufacturing would be Proposal B, which is the purchase of the building for $500,000. This is because it has a greater expected return on investment of $55,000 per year, compared to the purchase of the manufacturing machine for $150,000 with an expected annual return of $25,000.
Therefore, if Norton Manufacturing is considering the two investment proposals, it would be better for the company to invest in Proposal B, which is the purchase of the building.
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Which situation is an example of a person making use of credit?
A. An architect puts his weekly paychecks into a savings account at
a local bank.
O B. A college student saves up money in order to buy a cheap used
car.
O C. A farmer sells most of her crops to customers who live near her
farm.
O D. A business owner takes out a loan to expand and redecorate her
offices.
SUBMIT
Answers
An example of a person making use of credit is a business owner takes out a loan to expand and redecorate her offices.
What is credit?Credit is when a person makes use of money he or she does not have in her account. Usually, the person borrows the money from a lender. When a business owner takes out a loan, she is making use of credit.
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Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
Answers
The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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Select the described workplace culture from the drop-down menu below.
* workplace culture emphasizes everyone being in agreement
* workplace culture emphasizes development of new skills
* workplace culture emphasizes reacting quickly to change
* workplace culture emphasizes accomplishing goals
Answers
Answer:
The workplace culture emphasizes everyone being in agreement.
Explanation:
The workplace culture emphasizes everyone being in agreement.
An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.
It should helped to everyone to achieve their organizational target.
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✔ Consistency-oriented
workplace culture emphasizes everyone being in agreement.
✔ Involvement-oriented
workplace culture emphasizes development of new skills.
✔ Adaptive
workplace culture emphasizes reacting quickly to change.
✔ Achievement-based
workplace culture emphasizes accomplishing goals.
Explanation:
answer on edge
An annuity is a great way to invest your money while "playing it safe."
True
False
Answers
Becky puts $41,000 in a 6 month term deposit, earning a simple interest rate of 8%. After the 6 months, she then takes the present value (or principla) and the interest from the first investment and puts it in another term deposit with exactly the same conditions.
a) What amount of interest would be earned on the first term deposit? For full marks your answer(s) should be rounded to the nearest cent.
b) What amount of interest would be earned on the second term deposit? For full marks your answer(s) should be rounded to the nearest cent.
c) what would the interest rate have to be on an 12 month term deposit to give the same return on becky"s money? Note : please make sure your final answers are in percentage and are accurate to 2 decimal places. For example 34.56%.
Answers
The amount of interest earned on the first-term deposit would be $1,640. The amount of interest earned on the second-term deposit would also be $1,640. To achieve the same return on Becky's money in a 12-month term deposit, the interest rate would need to be 16%.
a) To calculate the interest earned on the first-term deposit, we multiply the principal amount ($41,000) by the interest rate (8%) and the time period (6 months). The formula for simple interest is:
Interest = Principal x Interest Rate x Time. Therefore, the interest earned on the first-term deposit is $41,000 x 8% x \(\frac{6}{12}\) = $1,640.
b) Since Becky reinvests the principal and interest from the first-term deposit into the second-term deposit, the same amount of interest would be earned. Therefore, the interest earned on the second-term deposit would also be $1,640.
c) To determine the required interest rate on a 12-month term deposit to achieve the same return, we need to consider the compounding effect. Since the investment period doubles from 6 to 12 months, the interest rate needs to double as well. Therefore, the interest rate on a 12-month term deposit would need to be 8% x 2 = 16% to provide the same return on Becky's money.
These calculations assume that the interest is calculated on a simple interest basis and that there are no additional fees or factors influencing the returns.
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Remember, in 2019, citizens of Economy X produced $243 of total output, $108 in Economy X, and $135 in other countries. Citizens of other nations produced $37 of total output, $72 in Economy X, and $-35 in other countries in 2019 as well. So what's Economy X's GDP for 2019?
Answers
Economy X's GDP for 2019 is $73, considering the domestic output and the negative foreign output produced by its citizens. It excludes income earned by foreign citizens and intermediate goods.
To determine Economy X's GDP for 2019, we need to calculate the total value of output produced within the economy. GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders in a given period.
In this case, Economy X's GDP can be calculated by summing up the output produced by its citizens within the country (domestic output) and the output produced by its citizens in other countries (foreign output).
GDP = Domestic Output + Foreign Output
Domestic Output by Economy X's citizens = $108
Foreign Output by Economy X's citizens = $-35 (negative value indicates income earned by foreign citizens within Economy X)
GDP = $108 + (-$35)
GDP = $73
Therefore, Economy X's GDP for 2019 is $73. It's important to note that GDP only considers the value of final goods and services produced within the economy's borders.
It does not include intermediate goods or income earned by foreign citizens within the country. In this case, the negative foreign output indicates that Economy X's citizens earned less income in other countries compared to what foreign citizens earned within Economy X.
In conclusion, Economy X's GDP for 2019 is $73, considering the domestic output and the negative foreign output produced by its citizens.
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Why would a well-known band that hasn’t held a concert in a long time potentially sell tickets for more than if they had been holding regular concerts?
The opportunity to see them in concert became rarer.
Bands who don’t hold concerts increase brand awareness.
Not holding concerts increases society’s preference for bands.
Few people can afford tickets like these.
Answers
Answer:
The opportunity to see them in concert becomes rarer
:")
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
When a person brings an item to a pawnshop to obtain cash, the transaction is considered:
Answers
Answer:
Collatral loan
Explanation:
The item acts as a collatral to obtain the cash loan.
Internet access to use online banking costs you $39.99 per month. A book of checks costs you $17.95 per 100. Your bank charges you a $.05 per check writing fee for over 5 checks per month. You write an average of 25 checks per month and each one needs a 50 cent stamp. What is your cost difference per month to use online banking vs check writing?
Answers
Answer:
$21.9275
Explanation:
The cost of online banking is $39.99
The cost of checks books is $17.95 per 100. The cost associated with 25 checks
= $17.25/100 x 25
=0.1725 x 25
=$4.3125
The cost of a stamp is 50 cents, which is $0.50
for 25 checks
=$0.50 x 25
=$12.5
The writing fee
=$0.05 x 25
=$1.25
Total cost of using checks
= $4.3125 + $12.5 +$1.25
=$18.0625
the difference between online banking and checks
= $39.99 - $18.0625
=$21.9275
Discuss any 5 approaches of Industrial Relations; highlight their
application to Nigeria.
Answers
1. Unitary Approach: This approach views the organization as a single entity with common goals. The employer and employees have a shared interest in the success of the organization. In Nigeria, this approach is not commonly practiced due to the distrust between employers and employees.
2. Pluralistic Approach: This approach recognizes that the workplace is a complex social system with multiple interest groups. It encourages the participation of employees and unions in decision-making processes. This approach is practiced in Nigeria, but the influence of unions has been weakened by government regulations.
3. Radical Approach: This approach views the workplace as a battleground between labor and capital. It advocates for the overthrow of the capitalist system and the establishment of a socialist system. This approach is not practiced in Nigeria due to the country's capitalist economic system.
4. Human Relations Approach: This approach emphasizes the importance of interpersonal relationships in the workplace. It recognizes the emotional and social needs of employees and encourages the creation of a positive work environment. This approach is practiced in Nigeria, but the focus on productivity and profitability often overshadows the emphasis on employee well-being.
5. Systems Approach: This approach views the workplace as a complex system of interrelated parts. It recognizes that changes in one part of the system can have an impact on other parts of the system. This approach is practiced in Nigeria, but the focus on short-term goals often leads to a lack of attention to the long-term effects of decisions.
In conclusion, Nigeria has adopted a pluralistic approach to industrial relations, but the influence of unions has been weakened by government regulations. The focus on productivity and profitability often overshadows the emphasis on employee well-being. The systems approach is also practiced in Nigeria, but the focus on short-term goals often leads to a lack of attention to the long-term effects of decisions.
The five approaches of Industrial Relations include the unitarist approach, pluralist approach, Marxist approach, systems approach, and radical approach.
The unitarist approach assumes that there is a shared interest between employers and employees, and conflict is an abnormality. The pluralist approach recognizes different groups in the workplace with different interests and power, leading to the need for negotiation and compromise.
The Marxist approach views class struggle as inherent in capitalist societies and advocates for the elimination of the class system. The systems approach considers the organization as a system and emphasizes the need for balance and harmony among its components. The radical approach seeks to dismantle the existing system and replace it with a new, more equitable one.
In Nigeria, the pluralist and Marxist approaches are commonly used, with the former emphasizing collective bargaining and the latter advocating for workers' rights and the elimination of the class system. The unitarist approach is less prevalent, and the systems and radical approaches have limited application.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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All of his 3 credit cards currently have a balance, as he has had trouble paying off his card each month
Answers
Answer:
then he dumped
Explanation:
All of his 3 credit cards currently have a balance, as he has had trouble paying off his card each month he has dumped.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
In the event that you fail to pay your credit card bill at all, you will probably be assessed a late fee, miss your majesty period, and be required to pay interest at a penalty rate. A good credit score can be improved and maintained by keeping your balance at or below 30% of your credit limit.
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2 Describe the education as the measure base of Occupation and clarify the relation between occupation and education.
Answers
Answer:
Several studies have been carried out to examine the association between education and occupation. These studies were useful for the purpose of intervention and policy making. In this study we examined the relationship between education factor, which includes three indicators: the percentages of population who achieved (primary, secondary and tertiary) and occupation factor (CLASS1, CLASS2 and CLASS3) using fully and partially latent models. The data were collected from the information of 81 districts based on the census conducted in peninsular Malaysia in 1995. The goodness of fit indexes for assumed models were examined. We didn't find significant relationship between educational achievement and occupation factor.
If a company would need to increase net working capital to start a potential new project how should it be treated in the project's cash flow analysis? a. The increase in net working capital should be an inflow as part of the project's initial cash flow. b. The increase in net working capital should be an outflow as part of the project's initial cash flow c. The increase in net working capital times (one minus the company's tax rate) should be an outflow as part of the project's initial cash flow. d. The increase in net working capital times (one minus the company's tax rate) should be an inflow as part of the project's initial cash flow.
Answers
Answer:
C
Explanation:
Working capital is the capital used in the daily running of a business.
Working capital = current assets - current liabilities
Working capital is a form of expenditure for the firm.
Thus it is an outflow.
Working capital should be recorded after tax. tax should be subtracted from working capital to determine the eventual outflow
An increase in working capital means more cash is being used in the business. this cash cannot be used elsewhere. this reduces the amount of cash the business can use for other activities. this is why it is an outflow
Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
Answers
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
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On July 11th, thousands of 7-Eleven convenience stores give away slurpees. Fully explain
why there is still a cost when you get a "free" slurpees. - Intro to Economics
Answers
"Free Slurpees" are not really "free" because they come at some costs.
What are "Free Slurpees?"
For a customer to gain "Free Slurpees" from the 7-Eleven Convenience Stores, they must have become a member of the 7Rewards Loyalty Program. Membership entitles the customer to a coupon redeemable in July.
Real Cost of "Free Slurpees"The cost of "Free Slurpees" is embedded in the customer's continued patronage of the 7-Eleven Convenience Stores. The customers purchase goods they could not have bought to gain the reward.
Thus, we can conclude that the cost of "free Slurpees" is an opportunity cost, usually embedded in the costs of other unwanted goods purchased at the stores.
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A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100,
Answer
a. average total cost is $4.
b. average variable cost is $3.
c. average fixed cost is $10.
d. average total cost is $5.
Answers
b. average variable cost is $3. Total cost = $1,000 with a fixed cost of $100 and variable cost of $900. The average total cost is $5 ($1,000/300), the average variable cost is $3 ($900/300), and the average fixed cost is $0.33 ($100/300).
To determine the average total cost, average variable cost, and average fixed cost, we need to calculate each individually using the given information.
Total cost = Fixed cost + Variable cost
Variable cost = Total cost - Fixed cost
Variable cost = $1,000 - $100
Variable cost = $900
Average total cost = Total cost / Quantity produced
Average total cost = $1,000 / 300
Average total cost = $3.33
Average variable cost = Variable cost / Quantity produced
Average variable cost = $900 / 300
Average variable cost = $3.00
Average fixed cost = Fixed cost / Quantity produced
Average fixed cost = $100 / 300
Average fixed cost = $0.33
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A company manufactures a product that has a design (nominal) target width of 5 inches with tolerances of + .05 inch. The process that produces the product has a mean of 4.995 inches and a standard deviation of 0.01 inch. According to the process capability ratio is the process capable of being within design specifications?
Answers
Answer:
a. The process is capable of meeting design specifications because the index is greater than 1
Explanation:
Missing word "a. the index is greater than 1.0, b. the process is not capable of meeting design specifications because the index is less than 1.0, c. the process is capable of meeting design specifications because the index is twice the process capability ratio, d. none of the above"
Process capability ratio (Cp) = (USL - LSL) / 6σ
- USL = 5+0.05= 5.05
- LSL = 5 - 0.05 = 4.95
- Standard deviation σ = 0.01
Process capability ratio (Cp) = 5.05 - 4.95 / 6*0.01
Process capability ratio (Cp) = 0.1 / 0.06
Process capability ratio (Cp) = 1.666666666666667
Process capability ratio (Cp) = 1.67
Process capability ratio Cp > 1. So, the Process is capable of meeting design specification.
Employers often decide if they want to meet you based on your… so it is very important to highlight your strengths.
A. résumé
B. reference
C. work history report
D. credit report
Answers
Answer:
Hello There!!
Explanation:
I think the answer is D. credit report.
hope this helps,have a great day!!
~Pinky~
what is true about taxes?
a. most citizens want to pay the highest amount possible?
b. Taxes benefit the government, but they do not benefit the citizens.
c. Traces benefit the citizens, but they do not benefit the government.
d. The tax money comes out of the citizens income and overall wealth
Answers
Answer: D) the tax money comes out of the citizen’s earned income and overall wealth.
Explanation:
Just took the test.
hich of the following processes uses labeled probes to visualize the expression of genes in whole tissues and organisms? in situ hybridization RNA interference RT-PCR DNA microarrays
Answers
The process that uses labeled probes to visualize the expression of genes in whole tissues and organisms is in situ hybridization. In situ hybridization is a technique used in molecular biology and genetics to detect and localize specific nucleic acid sequences within cells or tissues.
It involves the use of labeled probes, which are complementary to the target RNA or DNA sequences of interest. The probes are labeled with a detectable marker, such as a fluorescent dye or a radioactive label, allowing the visualization of the gene expression patterns within the tissue or organism. RNA interference (RNAi) is a different process that involves the use of small RNA molecules to specifically silence or inhibit the expression of targeted genes. Reverse transcription-polymerase chain reaction (RT-PCR) is a technique used to amplify and detect specific RNA sequences, but it does not involve visualization of gene expression in whole tissues or organisms. DNA microarrays, also known as gene chips, are used to simultaneously analyze the expression of thousands of genes, but they do not visualize the expression in whole tissues or organisms directly.
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Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 230.00 Variable expenses per unit $ 98.50 Fixed expense per month $ 451,190 The unit sales to attain the company's monthly target profit of $33,000 is closest to: (Do not round intermediate calculations.)
Answers
Answer:
Break-even point in units= 3,682 units
Explanation:
Giving the following information:
Selling price per unit $ 230
Variable expenses per unit $ 98.50
Fixed expense per month $ 451,190
Monthly target profit of $33,000
To calculate the number of units to be sold, we need to use the following formula:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (451,190 + 33,000) / (230 - 98.5)
Break-even point in units= 3,682 units
Michelle pays $12,000 down on an electric car which Cars'R'Us had agreed to sell to her for $64,000. Michelle then repudiates the contract. Cars'R'Us sells the electric car to Larry in good faith for $60,000. Michelle may recover from Cars'R'Us:
A. her $12,000 down payment since Cars'R'Us's contract with Larry created a novation anddischarged any duty Michelle had to pay anything toward the electric car
B. ļ»æļ»æ$8,000 in restitution, which represents Michelle's $12,000 down payment less the $4,000 in damages Cars'R'Us sustained because of Michelle's breach.
C. ļ»æļ»ænothing, since she was the one who repudiated the contract.
D. ļ»æļ»æonly a nominal amount
Answers
Michelle may not recover anything from Cars'R'Us (option C). Since Michelle repudiated the contract by refusing to fulfill her obligation to purchase the electric car, she is not entitled to any recovery from Cars'R'Us.
Michelle may survive Cars'R'Us: B. Michelle's $12,000 down payment minus Cars'R'Us' $4,000 damages. Michelle breaks the deal by not buying the Cars'R'Us electric automobile. Cars'R'Us can sue for contract breach. Damages are the difference between the contract price and the car's sale price.
Cars'R'Us offers Larry the electric car for $60,000, $4,000 less than Michelle agreed to. Michelle's breach cost Cars'R'Us $4,000.
Michelle could only recoup $12,000, her down payment. However, she must deduct Cars'R'Us' breach-related losses. Michelle would receive $8,000 after deducting the $4,000 in damages from her down payment.
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in today's u.s. economy, which of the following industries has firms that typically act as a monopoly for an extended period of time? a. pharmaceuticals b. fast food restaurants c. accounting services d. hair salons
Answers
In today's U.S. economy, which of the following industries has firms that typically act as a monopoly for an extended period of time Pharmaceuticals.
Perfect competition is a super kind of marketplace shape in which all manufacturers and purchasers have complete and symmetric facts and no transaction costs. There are a big wide variety of manufacturers and purchasers competing with each other on this sort of environment.
The US car enterprise is a great instance of an oligopoly. It is composed specifically of 3 important firms, General Motors (GM), Ford, and Chrysler. The effect of this oligopoly may be visible withinside the charges and the improvement and creation of recent vehicle fashions into the American vehicle marketplace.
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true or false: strict liability is imposed on a party regardless of whether that the behavior is negligent or intentiona
Answers
True. Strict liability is imposed on a party regardless of whether the behavior was negligent or intentional. This means that even if the party had taken reasonable care in their actions, they could still be held liable for any damages caused.
Strict liability is typically imposed in cases involving hazardous activities, such as manufacturing products or keeping wild animals. In such cases, the plaintiff only needs to prove that the defendant engaged in the activity to hold them liable, regardless of the degree of care they took.
In order to avoid strict liability, it is important to take all reasonable measures to avoid causing harm. This means that any hazardous activities should be carried out safely, with the appropriate training and safety protocols in place. If the party has taken such steps, they may be able to avoid liability if an incident occurs.
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What is one major advantage of creating a division of labor in a business?
A. Employees are encouraged to become more self-sufficient.
B. Employees have fewer opportunity costs for switching careers.
C. Employees do not need to spend time learning multiple jobs.
D. Employees have fewer reasons to conduct voluntary exchange.
Answers
The one major advantage of creating a division of labor in a business is that the employees are encouraged to become more self-sufficient.
What is the division of labor?The division of labor is defined as the division of a work procedure in the business organizations into several tasks, each of which is performed by a different person or group of people.
It is one of the nucleus organizational rules of the assembly line and is most typically used to systems of mass manufacturing.
The advantage of this concept in the business is that the labors become more efficient in a particular activity as doing the common task again and again.
One important benefit of establishing a labor division in a company is that employees are encouraged to become more self-sufficient.
Therefore, option A is correct.
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Garden Variety Flower Shop uses 930 clay pots a month. The pots are purchased at $3.90 each. Annual carrying costs per pot are estimated to be 10 percent of cost, and ordering costs are $10 per order. The manager has been using an order size of 2,000 flower pots.
Answers
Answer:
A.$151
B.38%
Explanation:
A. Calculation for What additional annual cost is the shop incurring by staying with this order size
First step is to calculate EOQ
Using this formula
EOQ = Square root(2*Annual demand*ordering cost/Holding cost per unit per year)
Let plug in the formula
EOQ =Square root (2*12*930*10/.39)
EOQ = 757 pots
Second Step will be to calculate the Annual cost when EOQ is used
Annual cost( EOQ )= (12*930/757)*10 + (757/2)*.39
Annual cost( EOQ )= $295
Third step is to calculate the Annual cost when 2000 pot is ordered
Annual cost ( 2000 pot is ordered) = (12*930/2000)*10 + (2000/2)*.39
Annual cost ( 2000 pot is ordered) = $445.8
Last step is to calculate the Additional annual cost
Additional annual cost = 445.8 - 295.04
Additional annual cost = $150.76
Additional annual cost=$151 (Approximately)
Therefore the Additional annual cost will be $151
B. Calculation for what benefit would using the optimal order quantity yield
About % of the storage space would be needed
= 757/2000
About % of the storage space would be needed
= 37.85% or 38%
Therefore the About % of the storage space would be needed is 38%