the gross profit for the period would be $60 for a company just starting in business and purchasing three merchandise inventory items.
What is gross profit?It is the profit of a company after deducting the costs associated with manufacturing and selling a product or the costs associated with providing a service.It is shown on a company's income statement and can be calculated by subtracting the cost of goods sold from revenue or sales. These figures can be found on the company's income statement. Gross profit is also called sales profit. It includes only variable costs and does not consider fixed costs.Gross margin measures the efficiency of a firm in using its labor and inputs to produce goods and services.Gross profit, which reflects only the cost of goods sold, differs from net profit, which accounts for corporate expenses. This is the margin that indicates what percentage of the company's revenue can be used to pay the company's operating expenses.to know more about gross profit refer to:
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Insurance premiums, entrance fees, train fares, and organization dues are all examples of?.
Insurance premiums, entrance fees, train fares, and organization dues are all examples of price.
What is price?Price is the amount of payment or compensation given by one party to another for a good or service. In some situations, the price of the product has a different name. If an item is a "commodity" in a commercial exchange, the consideration paid for that item is likely to be called its "price."
There are many other types of price. Some of them, like the threshold price, are conceptual. Others relate to the timing of a potential deal or the relative strength of the buyer and seller. However, they all ultimately have something to do with the spot price.
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widespread participation in process analysis is essential not only because of the work involved but also because: group of answer choices a silo mentality should prevail and this requires large numbers of workers. it builds commitment. employees tend to neglect their regular work duties, thus no one falls too far behind. no one can analyze a process by himself.
The correct answer is option (B) It builds commitment.
Thus widespread participation in process analysis is essential not only because of the work involved but also because it builds commitment.
Design, like every other area of human activity, is continually changing as a result of the work of those who are doing it for a living. Design is therefore constantly evolving, much like life. Design is encroached upon by a continuous process of becoming, which develops from the interaction with other spheres of human action and their modalities of knowledge production. We may enumerate some of the "stages" that marked important turning points in the field, marks acknowledged and recognized by the professional community as dividing lines between the many eras in the history of design. We would like to show the analysis procedure used to compile all the individual research projects created by LaDA researchers under the general heading of "Design in Movement" at the PDC 2016.
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Abby co. Allows each employee two weeks of paid time off during each calendar year. Since employees are working for 50 weeks, rather than 52 weeks, abby must accrue the paid time off during the 50 weeks that the employees work. The year-end adjusting entry is recorded as a credit to the ________ account.
The year-end adjusting entry is recorded as a credit to the vacation benefits payable account.
What is Vacation Pay Payable?Vacation pay payable is a general ledger account that records an employer's obligation to pay employees for vacation time earned but not yet used.
At the end of each reporting period, the balance in this account is updated to reflect additions to accrued vacation expense as well as employee use of vacation time. Typically, the account is classified as a current liability.
You will debit your Vacation Expense account and credit your Vacation Payable account when you add in vacation accrual. Because vacation accrual is considered a liability, credit Vacation Payable. Credits increase liabilities while debits decrease them. Debit the Vacation Expense account to record the opposite.
Vacation pay is a government-mandated method of ensuring that employees can either take vacation time or receive compensation for vacation time not taken. Employees are required to receive at least 4% of their gross wages in a given year as vacation pay.
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On april 1st, 2022, howard & sons law firm, whose fiscal year-end is september 30th, purchased a building for $1,400,000. The building is expected to remain in service for 50 years, and it will be depreciated using the straight-line method. If the expected salvage value is $800,000, what will be the book value of the building on september 30th, 2033?.
The amount of the asset after required depreciation. Book Value = Cost - Depreciation Expense. Based on useful life book value = scrap value.
Companies use the price-to-book (P/B) ratio to compare the company's market capitalization to its book value. It is calculated by dividing the company's stock price per share by his book value per share (BVPS). The carrying amount of a property, plant and equipment is the cost paid for an individual item of property, plant and equipment less the accumulated depreciation of that property, plant and equipment to date. Book value is the cost of maintaining an asset on a company's balance sheet and is calculated by the company by netting the asset against accumulated depreciation.
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f the fed wants to reverse the effects of an adverse supply shock on unemployment, it should a. decrease the money supply growth rate, which raises the inflation rate. b. decrease the money supply growth rate, which reduces the inflation rate. c. increase the money supply growth rate, which reduces the inflation rate. d. increase the money supply growth rate, which raises the inflation rate.
The right answer is (d). The Fed should accelerate the expansion of the money supply, which increases the inflation rate, in order to counteract the impact of a negative supply shock on unemployment.
What defenses does the Fed have against a blow to the overall demand?The central bank should accelerate the growth of the money supply to restore expenditure growth in the event of a negative shock to the overall level of demand.
In the event of a supply shock, what happens to unemployment?Increased costs, higher prices, a decline in real output or real GDP, and higher unemployment are all effects of an unfavorable supply shock, which is caused by a sharp drop in supply.
When a negative supply shock occurs, what happens to unemployment and inflation?The unemployment rate and inflation rise in response to a negative aggregate supply shock. Inflation will be more strongly influenced higher by a policy that aims to lower the unemployment rate.
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in which step in the accounting process would a company find and sort data from all transactions related to the business?
In the collection step of the accounting process, a company find and sort data from all transactions
There are numerous processes that go into producing and selling commodities, all of which are documented as per the accounting process. The payment is anticipated at the moment of the transaction or after a predetermined amount of time. Unfortunately, the firm frequently does not get paid within the agreed-upon timeframes, and they classify data exchanges as collections.
Money used in the course of business is referred to by a company as collections. When a consumer doesn't pay a company within the agreed-upon terms, the amount of the bill may become past due and may even be given to a collection agency. A business would locate and sort data from all business-related transactions through the collection step of the accounting process.
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true or false: the imf no longer has the financial leverage to act aggressively in times of global financial crisis. true false question. true
True. In times of a global financial crisis, the IMF no longer has the financial clout to take decisive action.
IMF: What is it?The International Monetary Fund's (IMF) 190 member countries work to promote sustainable growth and prosperity. It does this by supporting economic policies that promote monetary cooperation and financial stability in order to increase productivity, job creation, and economic well-being.
Advancement of international monetary cooperation, promotion of trade and economic growth, and deterrence of unfavorable policies are the three key duties of the IMF. To accomplish these missions, member countries of the IMF work together as well as with other international organizations.
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Which phrase best describes inflation? general rise in prices over time sudden, sharp increase in prices decline in currency exchange rates gradual decline in the price level.
A rise in the price level's rate of upward change.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Rapid, excessive, and unchecked general price increases in an economy are referred to as hyperinflation. While inflation gauges how quickly prices are rising for products and services, hyperinflation is a rapid rise in prices, generally exceeding 50% per month.
Therefore, A rise in the price level's rate of upward change.
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Answer:
A) General rise in prices over time
Explanation:
I got it right on the test
when the foreign exchange market determines the relative value of a currency in a country, that country is using a(n) blank exchange rate regime.
When the foreign exchange market determines the relative value of a currency in a country, that country is using a floating exchange rate regime.
A floating exchange rate system is one where a country's currency price is decided by the foreign exchange market depending on the specific supply and demand of all other currencies. In contrast to a fixed exchange rate, a floating exchange rate is not constrained by trade restrictions or governmental oversight.
Fluctuating exchange rate system in an open market determines the price considering speculation, along with supply and demand factors. Because of floating exchange rate structures, shifts in long-term currency prices reflect relative economic strength and variations in interest rates between nations. Changes in the short-term floating exchange rate reflect catastrophes, speculative activity and the currency's daily supply and demand.
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Which issues will likely continue to dominate public finance in texas over the next biennium?.
Issues will likely continue to dominate public finance in texas over the next biennium growing antigovernment feelings encouraging cuts in services increasing population and related needs for increased services
Texas maintains a balanced budget because the State Constitution requires it. When combined countries and original deals levies in Texas are further than 10 of the individual purchase price. Texas's General Revenue Dedicated Fund serves as the state's main operating fund.
The property duty and the deals duty are the main sources of duty profit for original governments. The council doesn't have the indigenous authority to levy a state property duty. 3 The only permissible property levies are property levies levied by original authorities.
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the evidence indicates that industrial stock prices in the u.s. decrease by approximately 3%, on average, when new equity issues are announced. group startstrue or false
It is true that the research suggests that when new equity issues are announced, industrial stock prices in the United States fall by about 3%, on average.
What does the price of stock mean?The price at which a share of stock is now trading on the market is referred to as the "stock price." When a share of a publicly traded firm is issued, its value is assigned a price that, ideally, reflects the worth of the company itself.
A stock's price will fluctuate in response to a variety of factors, such as shifts in the overall economy, shifts in specific industries, political events, war, and environmental changes.
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Which of these refers to a condition that can arise when individuals receive multiple and sometimes contradictory messages from various groups, all attempting to assign them a particular role?
role set
linking role
role ambiguity
role overload
role conflict
Role conflict is a phenomenon that can develop when people hear several, and occasionally conflicting, messages from different organizations.
Role conflict arises when a worker is forced to play a part that conflicts with their morals or when their obligations to their employer are contradictory.
Role conflict develops when the demands of two or more roles are inconsistent with one another. A factory manager, for instance, can experience stress from having to be both a friend and a mentor to the workers under him or her while still keeping a strict and professional watch over them.
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as its output increases, a firm's short-run marginal cost will eventually increase because of: group of answer choices diminishing returns inefficient production lower product price diseconomies of scale the firm's need to break even
A company's short-run marginal cost will eventually rise as its output rises due to diminishing returns.
According to the law of diminishing returns, assuming other factors stay constant, the rate of profit from an investment that is made in a certain region grows as well. However, at a certain point, the rate of profit from that investment cannot increase further.
As an illustration, consider a factory that, for a given increase in input, increases both its producible product and its CO2 output. A cornerstone of both micro and macroeconomics, the law of decreasing returns also occupies a significant place in production theory.
Diminishing marginal returns are a result of fixed expenses, low demand, harm to employees, and decreased productivity.
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Suppose a firm’s production process exhibits diseconomies of scale. How and why will costs change if the firm reduces its output?.
Managing the firm's workforce becomes more challenging, the long-term average total cost will rise.
How does diseconomies of scale affect a business?When a business grows to the point where its costs per unit increase, diseconomies of scale take place. Unit costs do not necessarily go down as output rises. An organization could occasionally get too big! Diseconomies of scale can be caused by a number of factors, but they are all related to the difficulties in managing a larger workforce.
Diseconomies of scale are a problem for large firms, and one solution may be to divide a massive corporation into smaller entities.
Thus, Managing the firm's workforce becomes more challenging
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a newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $272.50. what is the simple interest rate?
The simple interest rate of the car which cost $9,000 and easy monthly payments of $272.50 is 3 percentage.
How to calculate interest rate ?The interest rate is the amount charged by the lender to the borrower in addition to the principal amount. In terms of the receiver, a person who deposits money in any bank or financial institution earns extra money due to the time value of money, which is referred to as interest received by the depositor.The interest rate formula calculates the amount of money to be repaid on a loan as well as the interest earned on fixed deposits, mutual funds, and other investments. The interest rate formula is also useful for calculating credit card interest.We can calculate the interest rate using the interest rate formula, which is the percentage of the principal amount charged by the lender or bank to the borrower for the use of its assets or money for a specific time period. Interest Rate = (Simple Interest 100)/(Principal Time) is the interest rate formula.Total payments=$272.50(36)=$9,810
Total interest paid=$9,810 - $9,000 =$810
Interest per year=$810/3=$270
Rate=($270/$9,000 )(100%)=3%
The interest rate is 3%.
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Which type of market structure is characterized by the smallest number of firms?.
Answer:
An oligopoly
Explanation:
A market characterized by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.
The type of market structure that is characterized by the smallest number of firms is the "oligopoly" market structure.
What is an Oligopoly market?An oligopoly market is a market structure in which a few large firms dominate the market and control the majority of the market share. In an oligopoly, the actions of one firm can have a significant impact on the behavior and performance of the other firms in the market.
This interdependence often leads to intense competition among the firms and may result in collusion or cooperation between them.
The barriers to entry in an oligopoly market are often high, making it difficult for new firms to enter and compete with the existing firms. As a result, the firms in an oligopoly may have a significant degree of market power, enabling them to influence market prices and control the supply of goods and services.
Examples of industries that are often considered oligopolies include telecommunications, airlines, and oil companies, among others.
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a guide who leads the project team through an analysis of project activities that went well and of what needs improvement and aids in the development of a follow-up action plan with goals and accountability is a(n)
A project facilitator is a leader who takes the project team through an evaluation of project activities that went well and of what needs improvement and assists in the creation of a subsequent action plan with objectives and responsibility.
A facilitator who takes the project team through an examination of the project's successful activities, what needs to be improved, and creation of a subsequent action plan with objectives and accountability.
Evaluation of project goals and performance, creation of lessons learned, resource release, and creation of final report are the main tasks.
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The resources in the economy are usually divided into what two broad classifications?.
In economics, the two primary components of production are labor and capital.
What is labor and capital?Labor is also defined as an employee's physical and mental input into the creation of a good (s). Human-made goods that are employed in the creation of other things are known as capital stock. These consist of equipment, furnishings, and structures. They come in fixed and working varieties.And if everything else is equal, there can only be one winner. In general, economic output must go either to laborers as wages, salaries, and benefits, or to capital owners as profits, dividends, and rents. This is referred to as the "labor" or "capital" share of GDP by economists.The word "human capital" refers to the workforce or the people who are available for a variety of jobs. The work that people perform is called labor.To Learn more About labor and capital Refer To:
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What happens when a country's central bank increases reserve requirements for banks.
By increasing reserve requirements, the Federal Reserve essentially takes money from the money supply and increases the cost of borrowing
However, increasing reserve requirements could raise lending rates (thus reducing demand) without raising deposit rates, thereby avoiding attracting more capital inflows. 11 A higher URR is a form of taxation and, because it is not offset by spending, should reduce net demand. banking system. By increasing reserve requirements, the Federal Reserve essentially takes money from the money supply and increases the cost of borrowing. Lowering minimum reserve requirements pumps money into the economy by giving banks excess reserves, which encourages the expansion of bank credit and lowers rates.
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Identify at least three reasons why knowing your money personality will benefit you.
Answer:
Explanation:
As the new year begins and we start thinking about what we want to do different this year, often how we manage our finances are at the top of the list. As you navigate setting financial goals, consider how your money personality impacts your choices and goals. And yes, money personalities do exist. They can help you identify strengths and areas of improvement relating to your goals.
While there are numerous names for the 5 money personality types, I found Big Think gives a nice overview.
They found the 5 types of money personality types are Big Spenders, Savers, Shoppers, Debtors and Investors.
Big Spenders
Big Spenders like to “Go Big” with their purchases. The bigger and newer the better. They also don’t shy away from taking financial risks if it may benefit them in the future.
Savers
Savers like to hold onto their money. They are frugal with their spending habits and are cautious with how they manage their money especially when considering large purchases
Shoppers
This group likes to spend based on how they feel and how it relates to the purchase. At times, shoppers have a hard time knowing when to change their behavior especially when an item isn’t needed.
Debtors
Debtors are often unaware of their finances as a whole. They often carry debt but it doesn’t bother them.
Investors
The people in this group are forward thinking in how they spend their money. They look for opportunities to help set financial goals for the future, while maintaining their current finances.
Of course, you may see yourself in more than one of these personalities and that’s ok too. Once you have an idea of your money personality and how it relates to your spending you can consider ways to help you save too.
Knowing your money personality benefits you by increasing self-awareness, enabling personalized financial strategies, and improving relationships around money.
It increases self-awareness of your financial behaviors and tendencies, allowing you to make more informed decisions and improve your financial habits.
It enables you to develop personalized financial strategies that align with your unique characteristics, maximizing your chances of success.
By tailoring approaches to your money personality, you can create effective budgeting, saving, and investing plans.
Knowing your money personality can improve relationships, as it helps you understand differences in financial perspectives and promotes better communication with partners or family members.
Thus, this understanding allows for collaboration in setting financial goals and making joint decisions, fostering harmony and shared understanding in money-related matters.
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as the owner of a movie theater, you have decided to lower the price for all shows before 7:00 p.m. this month. what do you expect to happen?
The Quantity Demanded of shows before 7:00 pm will increase. This is because when the price of a good rises, the quantity demanded for that good increases.
What Is the Law of Supply and Demand?According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.Price determination based on supply and demand curves presupposes an open market, where buyers and sellers can choose whether to engage in business or not based on the price. Taxes and regulations, supplier market power, the presence of substitute goods, and economic cycles are only a few examples of the variables that might change the shape or location of supply or demand curves. However, the commodities impacted by these external influences continue to be susceptible to the basic principles of supply and demand as long as buyers and sellers have agency.To learn more about demands, refer to
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How did the passage of immigration quotas at the beginning of the 1920s affect the economy?.
With a number of cultural and economic objectives in mind, governments curtailed immigration in the 1920s.
Briefing:-Reducing the proportion of low-skilled workers in the American workforce was one economic objective since it would enable industry to shift toward higher-skilled, more productive industrial activity.
What impact did the 1920s quota system have on immigration?The Immigration Act of 1924 set a national origins quota that restricted the amount of immigrants who may enter the country. As per the 1890 census, there were 2% of each nationality's total population in the United States who qualified for immigration visas.
What were the 1920s' immigration's causes and effects?CAUSE: Immigrants came to the US in search of a better life, to avoid poverty, discrimination based on religion, etc. EFFECT: a growing population, crowded cities, factory labor, etc.
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how long does it take to send a 2 mib file from host a to host b over a circuit-switched network, assuming: total link transmission rate
The total time it take to send a 2 MiB file from host a to host B over a circuit-switched network is 84.685 milliseconds.
2 MiB is equal to the following in Gb:
1 MiB equals 0.008388608 Gb, as we are aware.
Thus, 2 MiB equals 0.016777216 Gb.
19 people are logged in. The bandwidth that each user receives is therefore equal to Total Bandwidth / Number of Users (As this is FDM).
So, the total bandwidth for all users is 3.74 Gbps (71/19 Gbps).
0.016777216 / 3.74 seconds equals 4.485 milliseconds were needed to transfer the message from host A to host B.
80.2 milliseconds were spent in setup.
Consequently, the total amount of time needed is 80.2 milliseconds plus 4.485 milliseconds, or 84.685 milliseconds.
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which of the following procedures would be most effective in reducing attestation risk? group of answer choices discussion with responsible individuals. examination of evidence. inquiries of senior management. analytical procedures.
Examination of evidence :- To express an opinion, the practitioner must gather sufficient evidence to reduce attestation risk to an acceptably low level.
What is the purpose of an attestation?
Attestation is a kind of testimony or confirmation. It is customary to sign a deed, make a will or sign other written documents in the presence of a witness who also signs the document to attest to its contents and the authenticity of the party's signature.
Who can provide attestation?
CLASS I
Officers of Armed Forces.Magistrates and above in Judicial.Scientists of Government-funded Research Organizations.Principal, Vice-Chancellor, Assistant Registrars, Faculty Members.Doctors.Engineers.Central and State Government Employees.Officers of State Cadres of Assistant Commissioner.Learn more about attestation here:- https://brainly.com/question/28403922
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the approach used to influence the feelings of consumers toward a product, service, or cause and/or to capture their attention is known as an
An advertising appeal is a strategy used to sway consumers' opinions about a good, service, or cause and/or grab their attention.
What appeals in advertising?Different methods and tactics are employed in advertising appeals to draw consumers. Advertising appeals typically offer evidence or elicit an emotional response to persuade the target audience to purchase a specific good or service.
What serves as advertising's primary objective?An advertising is a sponsored form of communication that highlights a brand, product, or service. Marketers utilize advertisements as a tool to help companies realize their objectives and increase profits. They typically produce advertisements with specific target markets in mind.
How does marketing draw in consumers?By informing current and future customers about your new product launches, exclusive deals, and enhancements, advertising can boost sales. Advertising can help you develop or build a distinctive brand for your organization in addition to reminding current clients about it.
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assume simple company had credit sales of $259,000 and cost of goods sold of $159,000 for the period. simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. before the end-of-period adjustment is made, the allowance for doubtful accounts has a credit balance of $340. required: what amount of bad debt expense would the company record as an end-of-period adjustment?
The $5,180 bad debt expense would be reported by the corporation as an end-of-period adjustment.
How to Determine Bad Debt Expenses?There are various methods for calculating the bad debt expenditure under the allowance method. Applying an overall bad debt proportion to all credit sales is one strategy. Applying an increasing proportion to subsequent time buckets where receivables are reported in the accounts receivable aging report is another possibility.
A risk analysis of each customer could also serve as the foundation for the bad debt expenditure. Whatever method of calculation is employed, it must be revised each succeeding month to reflect any changes in the underlying receivable data.
Calculation:
Given the above information
Credit sales = $259,000
Cost of goods sold = $159,000
The bad debt expense can be computed using the below formulae
Bad debt expense = Credit sales × 2%
Bad debt expense = $259,000× 2%
Bad debt expense = $5,180
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The board was split over a fundamental question of the company’s future direction, but mr. Tran declared himself neutral in the conflict. As the oldest member of the board, he said, he should not take sides. His behavior exemplifies an approach to conflict resolution known as.
The complete statement is "The board was split over a fundamental question of the company’s future direction, but Mr. Tran declared himself neutral in the conflict. As the oldest member of the board, he said, he should not take sides. His behavior exemplifies an approach to conflict resolution known as avoiding"
What is conflict?Generally, A fight as well as a collision of interests, opinions, or even ideals may be referred to as a conflict. There will always be instances of conflict in society; the reasons for these conflicts may be quite diverse, including personal, racial, social class, caste, political, and international factors.
A conflict is an action that takes place between aware creatures, albeit these entities do not necessarily have to be rational. When two astronomical bodies crash with one another, we do not refer to this as a conflict between them. A disagreement arises when two or more parties' interests, needs, or duties are in direct opposition to one another.
The story's antagonist, the conflict, may typically be broken down into four primary categories: conflict with oneself, conflict with others, confrontation with the environment, and conflict with the supernatural.
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in order to increase their sales revenue, vendors of cigarettes put their products on sale and vendors of high definition televisions put their products on sale. group of answer choices should; should. should not; should not. should; should not. should not; should.
The vendors who want to increase their sales revenue of cigarettes put their products on sale it should not be done whereas, vendors of high definition televisions put their products on sale they should do it.
What is sales revenue?Sales and turnover are terms that are often used interchangeably. However, while revenue is defined as revenue generated from the sale of products and services, revenue includes revenue from things not directly related to your core business Income from cash payments from interest or dividends on savings deposits. This is classified as non-operating income.The sales formula calculates sales by multiplying the number of units sold by the average unit price. Service companies have slightly different formulas.By multiplying the number of customers by the average service price.It is the income of a company from the sale of goods or services. Figures are usually reported for a fixed period of time . There are two types of sales proceeds:gross and net.To know more about revenue refer to:
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Your oldest sister just moved and wants a ninja foodi 8qt air fryer for her new place. How much would your mom save by buying this item on black friday?.
Ninja Foodi 4-in-1 8-qt. 2-Basket Air Fryer with DualZone Technology, DZ100WM retails for $159.99, but with Black Friday sale your mom could purchase it for $99.00 and she could have saved $60.99 on many retail stores during Black Friday sale.
Black Friday is the term for the Friday after the Thanksgiving Day in the United States. It signals the start of Christmas holiday shopping sale that goes on until the end of December. Black Friday has both positive and negative impacts on society. The positive impact being that most retail stores are able to maximize their profits by lowering the price for most consumer products and at the same time clearing their inventory, but if you are looking at the consumer perspective's, Black Friday sale negatively impacts consumers psychologically. Being bombarded with huge discounts on practically all consumer products on every retail stores and online shopping sites in the United States, it is changing people's spending habits, causing them to purchase things impulsively, and eventually ended up purchasing a wide variety of products they do not really need thinking that they are saving money by doing so.
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ccording to carr, what are the rules of business: group of answer choices golden rule legal rules poker rules military rules none of the above
Carr asserts that option c. poker rules are the laws of business.
According to Albert Carr, conducting business is similar to playing a game, and personal morality is different in the workplace. According to Carr, dishonest economic methods like bluffing and partial truths are morally permissible.
Carr argues to his audience that it is inappropriate to criticize a company's ethical conduct and personal convictions simultaneously. Every player is familiar with the game's rules and how to play it. Therefore, Carr says that business is a game akin to poker in plain English.
As Carr would put it, "simply as a game strategy—much like bluffing in poker," is the art of business bluffing. However, it might be better described as lying, cheating, and paying off people in order to achieve corporate goals.
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