The answer that the offeror—the party proposing the contract—expects from the offered—the party consenting or accepting the contract—determines whether a contract is bilateral or unilateral.
What factors determine whether a contract is unilateral or bilateral?The number of parties involved in bilateral contracts is one. A single party will form a contract or pledge for a particular or broad group of people under a unilateral agreement. However, in bilateral contracts, a commitment must be negotiated, accepted, and carried out by at least two parties.
Is the nature of a contract—bilateral or unilateral—determined by the reaction that the offeror anticipates from the offeree?Whether a contract is bilateral or unilateral is determined by the response that the offeror anticipates from the offeree. Explanation: A bilateral contract—often referred to as a promise in exchange for a promise—is one in which the offeror requires a promise from the offeree in order to create a legally binding agreement.
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Amelie received an email that claimed to be from a Nigerian prince who needed help setting up
a bank account but would pay thousands of dollars if Amelie helped him. What kind of email is
this?
a) Ad
b) Spam
c) Junk
d) Support
Answer:
Explanation:
Spam
Which describes a crash?
Responses
stock prices being higher than their real value
general downward trend in stock price
major decrease in stock prices
general upward trend in stock prices
A crash is defined as a big drop in stock prices that occurs over a brief period of time and is characterised by a rapid and significant decline in the value of stocks or other financial assets.
What does a falling stock price trend mean?A stock's progression towards a lower price from its prior state is referred to as a downtrend. It will continue to exist as long as the stock chart continues to show lower highs and lower lows. If a trader decides to unload a falling stock, they can end up making money.
What exactly is a downhill or downtrend?A downtrend is a steady decline in a stock's price, commodity's value, or the activity of the financial market.
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Is it better to create a product that benefits society or create a product that consumers want?
Answer:
Benifits society
Explanation:
Explain the main Features of AS-20 ?
Answer:
As per AS 20, when bonus shares are issued during the year, it should be calculated in the weighted average from the beginning of reporting period irrespective of the issue date. Therefore, the bonus issue is treated as if it had occurred prior to the beginning of the year 2010, the earliest period reported
Explanation:
hope this helps
What is the present value of the following cash flows if the opportunity cost is 10%, with daily compounding? year cash 1234 O $9,753.82 O $7,547.98 O $10,289.75 $8,865.36 O$7.446.33 1000 2000 3000 4000
The present value of the cash flows is calculated as the sum of the present value of individual cash flows. This calculation requires the interest rate (opportunity cost) and the number of periods (days, months, years). Let’s start calculating the present value of each cash flow. the present value of the given cash flow if the opportunity cost is 10%, with daily compounding is $45,101.21.
Calculation of present value of the first cash flow:
PV1 = CF1 / (1 + r)n
CF1 = $9,753.82
r = 10% / 365
n = 365 * 1 year
= 365 days
PV1 = $9,753.82 / (1 + 10%/365)^365
= $9,376.95'
Calculation of present value of the second cash flow:
PV2 = CF2 / (1 + r)n
CF2 = $7,547.98
r = 10% / 365
n = 365 * 2 years
= 730 days
PV2 = $7,547.98 / (1 + 10%/365)^730
= $6,562.70
Calculation of present value of the third cash flow
PV3 = CF3 / (1 + r)n
CF3 = $10,289.75
r = 10% / 365
n = 365 * 3 years
= 1,095 days
PV3 = $10,289.75 / (1 + 10%/365)^1095
= $8,385.32
Calculation of the present value of all cash flows:
PV = PV1 + PV2 + PV3 + PV4 + PV5 + PV6 + PV7 + PV8 + PV9
PV = $9,376.95 + $6,562.70 + $8,385.32 + $6,791.92 + $5,334.02 + $965.34 + $1,930.68 + $2,895.01 + $3,860.27PV
= $45,101.21
Therefore, the present value of the given cash flow if the opportunity cost is 10%, with daily compounding is $45,101.21.
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Help me stuck on this!!!!!
Explain THREE reasons why some entrepreneurs may prefer to keep their businesses small.
Answer:
It may provide more money, less people will try to buy your store, and it also helps with your credit
Explanation:
The balance in the unearned fees account, before adjustment at the end of the year, is $35,210. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $15,845. If an amount box does not require an entry, leave it blank
Therefore, we debit the Unearned Fees account with $19,365 to decrease the balance and credit the Revenue account with the same amount to recognize the revenue earned during the year.
The adjusting entry to be journalized for the unearned fees account is as follows:
Account Debit Credit
Unearned Fees $19,365
Revenue $19,365
Explanation:
The unearned fees account needs to be adjusted to reflect the correct balance at the end of the year. Since the balance before adjustment is $35,210 and the correct balance is $15,845, there is an excess of $19,365 in unearned fees that should be recognized as revenue.
Please note that the journal entry assumes a single revenue account is used to record the fees earned. If there are multiple revenue accounts, the specific revenue account should be credited accordingly.
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during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Given:
Price of one share in 1980 = $\(17\dfrac14\)
Price of one share in 1989 = $\(56\dfrac18\).
To find:
How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Explanation:
Using the given information,
Change in the value of each share = \(56\dfrac18-17\dfrac14\)
= \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)
= \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)
= \(\dfrac{449-138}{8}\)
= \(\dfrac{311}{8}\)
Value of one share increased by $\(\dfrac{311}{8}\).
Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)
= \(\dfrac{31100}{8}\)
= \(\dfrac{7775}{2}\)
= \(3887.5\)
Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.
Eastman Kodak's and Sears' long-term industry success gave rise to
high-performance cultures.
insular and change-resistant cultures.
bureaucratic cultures.
unethical and greed-driven cultures.
clashing subcultures.
To answer your question, Eastman Kodak's and Sears' long-term industry success gave rise to bureaucratic cultures and clashing subcultures.
What is the reason?Bureaucratic cultures are characterized by a strong hierarchy, strict rules, and formal procedures. As these companies grew, they developed rigid structures that limited innovation and adaptability.
Simultaneously, clashing subcultures emerged within the organizations as different departments and teams developed their own unique practices and beliefs.
These subcultures often conflicted with each other, making it difficult for the companies to achieve a cohesive vision and direction.
Ultimately, the bureaucratic cultures and clashing subcultures contributed to the decline of Eastman Kodak and Sears.
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All reports required to can be found online at sec.gov. In 2013, how much money did Tesla raise via common stock offerings, net of fees and expenses?
In 2013, Tesla raised approximately $515.6 million via common stock offerings, net of fees and expenses. Option A is correct answer.
To find the exact amount of money Tesla raised via common stock offerings in 2013, we need to refer to the company's financial reports or disclosures available on the SEC's website (sec.gov). These reports provide detailed information about the company's fundraising activities and the amounts raised.
Since the information provided states that Tesla raised funds "net of fees and expenses," it suggests that the reported figure accounts for any deductions or costs associated with the stock offerings.
To obtain the precise amount, one would need to locate Tesla's financial reports for 2013 on the SEC's website and specifically review the relevant sections or footnotes related to stock offerings potential investors. This information would provide the accurate figure for the funds raised via common stock offerings after accounting for any fees and expenses incurred.
Without access to Tesla's financial reports for 2013, we cannot provide an exact amount. Therefore, it is recommended to consult the SEC's database or Tesla's official filings to obtain the precise figure.
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The Complete question is
All reports required to can be found online at sec.gov. In 2013, how much money did Tesla raise via common stock offerings, net of fees and expenses?
a) $515.6 million
b) $410.1 million
c) $420.2 million
d) $355.0 million
when making a decision regarding the extent of planning, what an entrepreneur should consider?
Planning is a process that involves selecting missions and objectives, determining and outlining the strategies to attain them, and developing and allocating the resources required for the strategies to succeed.
Entrepreneurs should develop an understanding of their own goals and objectives. This entails specifying what they intend to accomplish and the results they want to achieve. Entrepreneurs must have a good understanding of their own strengths and limitations, as well as the external environment, including the market, competitors, and regulatory requirements, among other things.
Entrepreneurs should consider of their goals and objectives when making a decision about the extent of planning required to achieve their goals. It is also critical to understand the external environment and the sources of risk and uncertainty in order to make the best use of resources and develop effective strategies.
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1. If the world price of apples is higher than Argentina's domestic price of apples without trade, then Argentina O A. should import apples O B. should refrain altogether from producing apples C. should produce just enough apples to meet its domestic demand O D. has a comparative advantage in apples 1. Assume, for England, that the domestic price of wine without international trade is higher than the world price of wine. This suggests that, in the production of wine. A. a. other countries have a comparative advantage over England and England will import wine. O B. other countries have a comparative advantage over England and England will export wine O C. England has a comparative advantage over other countries and England will export wine D. England has a comparative advantage over other countries and England will import wine 1. In a simple circular-flow diagram, total income and total expenditure are O A. always equal because every transaction has a buyer and a seller OB. never equal because total income always exceeds total expenditure ° C. equal only when the government purchases no goods or services O D. seldom equal because of the ongoing changes in an economy's unemployment rate
If the world price of apples is higher than Argentina's domestic price of apples without trade, then Argentina should import apples (Option A).
This is because importing apples from the international market at a lower price than the domestic price allows Argentina to benefit from the price difference and satisfy its domestic demand. For England, if the domestic price of wine without international trade is higher than the world price of wine, it suggests that other countries have a comparative advantage over England in the production of wine (Option A). In this case, England would import wine from other countries to take advantage of their lower production costs and benefit from the price difference. In a simple circular-flow diagram, total income and total expenditure are always equal because every transaction has a buyer and a seller (Option A). This means that the total income generated by producing goods and services in an economy is equal to the total expenditure incurred by consumers who purchase those goods and services.
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What is the acronym for the saudi arabia-led group that controls much of the world’s oil exports.
OPEC is the acronym for the Saudi Arabia-led group that controls much of the world’s oil exports.
At the Baghdad Conference from September 10–14, 1960, Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela established the Organization of the Petroleum Exporting Countries (OPEC), a permanent intergovernmental organization. OPEC is the group in charge of setting global petroleum market pricing, supply, and output. The organization was founded in 1960 and consists of 13 separate oil-producing businesses.
Saudi Arabia, which oversees nearly one-third of OPEC's total oil reserves, assumes a prominent position within the group. Other notable members include Iran, Iraq, Kuwait, and the United Arab Emirates, whose total reserves much outweigh Saudi Arabia's.
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What is cash flow when funding in a business?
ANSWER CORRECTLY NO LINKS!
Answer:
reality income
Explanation:
aaaaaaaa
given that monika's income exceeds her expenditures, monika is best described as a
If Monika's income exceeds her expenditures, she is financially stable. She has a surplus, allowing her to pay bills, save, and invest, indicating financial stability.
If Monika's income exceeds her expenditures, she is best described as financially stable. When income is more than expenditure, it is known as a surplus. A surplus is created when income is greater than expenses. A surplus can be used to invest, save, or pay off debts. Monika has a positive cash flow and can pay all of her bills on time, save for future expenses, and invest in her future. As a result, she is financially stable. If Monika's expenses exceed her income, she will have a budget deficit, and she will have to borrow money or use credit cards to make ends meet, causing her to become financially unstable.
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Identify two acts that Tumi Manufacturers complies with. Motivate your answer by quoting from the case study above
Two acts that the TUMI manufacturers comply with are:
Environmental regulationslabor and employment actThe corporate responsibility of this organizationAs a result of the corporate responsibility of this business group, they are known to respect environmental laws.
This law requires them to avoid the use of chemicals and substances that are harmful to the environment.
Also the business has to comply with laws that concerns labor and employment.
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in providing a legal framework, the government multiple choice usually avoids implementing a patent system. expands the size of the criminal justice system. discourages publishers of textbooks from applying for copyrights. protects the ownership of private property to encourage the private sector.
In providing a legal framework, the government Protects the ownership of private property to encourage the private sector.
What is Government?Government is the ruling party of a country, government plays a vital role in the economic situation of a country.
The government encourages the private sector to ensure more investments from individuals, and that is why the government protects the rights of private property and as a result invites more investment in the economy of the country.
Government have the power and can enforce the rights of individuals issuing legal framework. It is highly recommended to encourage the private individuals for rapid growth of the economy.
There are some countries in the world where even the government organizations are privatized to sustain.
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answer:
industry because here based the all the business in whole world
Precous Metal Mining has $5 million in sales, its ROE is 12%, and its total assets turnover is 4×. Common equity on the firm's balance sheet is 40% of its tota assets. What is its net income? Do not round intermediate calculations. Round your answer to the nearest cent. 5
the net income of Precous Metal Mining is $60,000. To calculate the net income of Precious Metal Mining, we can use the formula: Net Income = ROE * Common Equity
Given that the ROE is 12% and common equity is 40% of total assets, we need to find the common equity first.
Common Equity = Total Assets * Common Equity Ratio
Total Assets = Sales / Total Assets Turnover
Let's calculate the total assets:
Total Assets = $5,000,000 / 4 = $1,250,000
Now, we can calculate the common equity:
Common Equity = $1,250,000 * 0.40 = $500,000
Finally, we can calculate the net income:
Net Income = 12% * $500,000 = $60,000
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What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
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X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)
Answer.
Explanation.
20 Characters long
A child-tax credit (deduction) would
show up on which form?
A. 1040
B. 1099
C. 19
Answer:
see the answer
Explanation:
I think It is A
Assume yourself as a cost accounting manager of Oman clothing company, you are required to
riposte the following concerns that help the top level managers (for answering follow the business
brief writing guidelines attached at the end of the assignment):
a. List three (3) fixed cost, variable cost and semi variable cost each that will incur in your
organization.
b. Show and explain the fixed cost and variable cost curve behaviors of your business taking one
item of fixed and variable cost as example selected with numerical example and graphical
representations.
c. Prepare a stores ledger based on the stores details of your company by following LIFO method.
Three examples of fixed costs for Oman Clothing Company could be: rent expenses for the manufacturing plant, insurance costs, and salaries for management positions.
a) In Oman Clothing Company, examples of fixed costs, variable costs, and semi-variable costs are as follows:
Fixed Costs:
1. Rent for the factory or store location
2. Salaries of permanent staff members
3. Insurance premiums for the business
Variable Costs:
1. Cost of raw materials (fabric, buttons, etc.)
2. Wages for temporary or seasonal workers
3. Shipping and packaging expenses
Semi-variable Costs:
1. Utilities (electricity, water, etc.)
2. Maintenance and repair costs
3. Advertising and marketing expenses
b) The fixed cost curve remains constant regardless of production levels, while the variable cost curve changes with the level of production. For example, if the rent for the factory is $5,000 per month, the fixed cost curve will be a straight horizontal line at $5,000.
On the other hand, if the cost of raw materials (fabric) is $10 per unit, the variable cost curve will increase proportionally with the production volume. Graphically, the fixed cost curve is horizontal, while the variable cost curve has a positive slope.
c) To prepare a stores ledger using the LIFO (Last In, First Out) method, follow these steps:
1. List all inventory items and their purchase dates.
2. Arrange the items in chronological order, starting with the most recent purchase.
3. As items are sold or used, record the cost of the items based on the most recent purchase first.
4. Continue to record costs for items sold, moving in reverse chronological order until all items are accounted for.
5. Update the stores ledger regularly to ensure accurate inventory and cost tracking.
By following these steps, Oman Clothing Company's top-level managers can effectively manage costs and inventory using the LIFO method.
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Complete question:
Assume yourself as a cost accounting manager of Oman clothing company, you are required to
riposte the following concerns that help the top level managers (for answering follow the business
brief writing guidelines attached at the end of the assignment):
a. List three (3) fixed cost, variable cost and semi variable cost each that will incur in you
organization.
b. Show and explain the fixed cost and variable cost curve behaviors of your business taking one
item of fixed and variable cost as example selected with numerical example and graphical
representations.
c. Prepare a stores ledger based on the stores details of your company by following LIFO method.
Buffalo Company purchased a machine on July 1, 2018, for $29120. Buffalo paid $208 in title fees and county property tax of $130 on the machine. In addition, Buffalo paid $520 shipping charges for delivery, and $494 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3120.
Determine the depreciation base of Buffalo new machine. Blue uses straight-line depreciation.
Depreciation base $
Answer:
Depreciation base = $27352
Explanation:
The depreciation base is the term used to refer to the value of the asset that qualifies for depreciation. This is generally the cost of the asset less any amount for salvage value or residual value of the asset.
Depreciation base = Cost - Salvage value
We first need to determine the cost of the machine. The cost of the machine will include the purchase price of the machine plus any cost incurred to bring the machine into the condition and place of its intended use.
Thus, the cost of the machine will be,
Machine Cost
Purchase price 29120
Title fees 208
Property tax 130
Shipping charges 520
Site preparation cost 494
total cost 30472
Depreciation base = 30472 - 3120
Depreciation base = $27352
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
Match the stakeholders with the effects they will have on you or your company because of unethical behavior
There are several stakeholders that can be affected by unethical behavior within a company, and the effects they may have on your organization can vary greatly.
Unethical behavior can have significant consequences for various stakeholders. Here is a brief description of how stakeholders may be affected:
1. Customers: Unethical behavior can lead to a loss of trust and damage the company's reputation. Customers may choose not to do business with the company, leading to reduced sales and revenue.
2. Employees: Unethical practices can create an unhealthy work environment, resulting in high turnover rates, low morale, and reduced productivity.
3. Investors: Unethical behavior can result in financial losses, diminished stock value, and a lack of confidence in the company's management.
4. Suppliers: Unethical actions may strain the relationship with suppliers, leading to unfavorable terms, reduced quality of goods, or severed partnerships.
5. Government and regulatory agencies: Unethical behavior can lead to investigations, fines, penalties, and legal action, potentially damaging the company's reputation and causing financial harm.
6. Local community: Unethical practices can harm the community by causing negative social and environmental impacts, which may result in protests, loss of goodwill, and adverse publicity.
7. Competitors: Unethical behavior can affect the entire industry, creating distrust among customers, and leading to more strict regulations and a more challenging business environment for all players.
Thus, unethical behavior can have a significant impact on your company and its stakeholders, including customers, employees, investors, and regulatory bodies. It is important to prioritize ethical behavior to avoid these negative effects.
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6. Hope's contribution to her RETIREMENT plan...
Based on Hope's check, her contribution to her RETIREMENT is pre-tax and therefore not included in federal income taxes.
What does the check say?
The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Federal income taxes- There are seven federal tax brackets for the 2022 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your filing status and taxable income determine your tax bracket.
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The concept of limited liability
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
Give all start up costs for opening a salon that has 8 workers and that does everything hair and wax related. Include the quantities for each item and the pricing
Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business
What is meant by Start-up costs?Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs should always be expensed as they are incurred, even though this determination can be somewhat subjective. Typically, start-up costs encompass any expenditure made before a business starts to turn a profit. Startup activities are essentially expensed as they are incurred in the accounting process. Although the guidelines are straightforward, the main concern is not assuming that other charges that are comparable to start-up costs should be treated the same manner.Rent/Lease for the salon space: $2,000 - $10,000
Build-out costs: $5,000 - $15,000
Equipment and supplies:
8 stations, chairs, and mirrors: $5,000 - $10,000
8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000
8 hair dryers: $4,000 - $6,000
8 hair washing stations: $8,000 - $12,000
8 hair cutting stations: $8,000 - $12,000
8 waxing stations: $8,000 - $12,000
Hair color, waxing, and other supplies: $5,000 - $10,000
Marketing and advertising costs: $2,000 - $5,000
Legal and accounting fees: $1,500 - $3,000
Insurance (liability, property, and worker's compensation) $2,000 - $5,000
Employee salaries: $8,000 - $12,000
Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000
Please take note that these figures are only approximations and that prices can change depending on location and other variables.
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A company sold the personal data of their customers to insurance cor generating revenue. After it was reported, the manager insisted that
• He has not done anything wrong • Everybody in the business is doing it • Has a duty to run a profitable operation • Revenue for the company . Express your views on the manager's comments based on: a) Relativism: b) Deontology: c) Consequentialism: d) Utilitarianism: e) The Kantian Theory:
The company selling personal data of its customers to an insurance company to generate revenue is an unethical business practice. The manager insisted that he has not done anything wrong and everybody in the business is doing it and has a duty to run a profitable operation.
The comments of the manager can be viewed based on several ethical theories, which are discussed below:a) Relativism:According to relativism, what is morally right or wrong depends on the cultural norms and values of the society. However, selling personal data of customers is not acceptable in any society or culture. Therefore, the manager's comments are not justified by relativism.b) Deontology:Deontology is based on the principle of moral duty.
The duty of the company is to protect the personal data of customers, which the company has violated. Therefore, the manager's comments are not justifiable by the deontological theory.c) Consequentialism:Consequentialism judges the morality of an action based on its outcome. .d) Utilitarianism:Utilitarianism judges the morality of an action based on its ability to provide the greatest happiness to the greatest number of people. Selling personal data of customers is not morally justifiable since it violates the privacy of the customers.
Therefore, the manager's comments are not justifiable by utilitarianism.e) The Kantian Theory:According to the Kantian theory, people should be treated as ends in themselves and not as means to an end. Selling personal data of customers for generating revenue is not justifiable since it treats the customers as means to an end. Therefore, the manager's comments are not justifiable by the Kantian theory.
Learn more about selling personal data here:https://brainly.com/question/29909945
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