Profit-maximizing enterprises enter a competitive market when the price exceeds the average total cost for existing firms in that market.
What is the profit maximization rule?The general criterion for profit maximization is that businesses should be able to generate enough goods and services to grow marginal revenue. The marginal revenue and marginal cost of goods and services should be equal. As a result, the number of products produced should be such that the price (P) charged to customers valuing the product equals the marginal cost (MC) used by society to manufacture one unit or product, i.e., P = MC.
A company maximizes profits by operating at the point when marginal revenue equals marginal cost. According to neoclassical theory, a firm maximizes profit in order to identify a level of output and inputs that meets the price equals marginal cost condition.
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talk of the town resort purchases two new cooking stoves for its kitchen at $2,499 each. in addition, the resort paid $750 for transportation, $500 for installation, $250 for inspection by city inspector, and $299.88 for sales tax. while transporting the equipment, the driver had to park in a disability parking space, and was not aware of a police office on the look close-by. this wrong parking resulted in a $250 fine that the delivery driver's employer offered to cover. based on this information, the total amount at which both stoves will be activated is:
The total amount at which both stoves will be activated is:-
Kitchen equipment $XXX
Accounts payable $XXX
What do kitchen appliances do?Burners. Cooking, boiling, and steaming are all done using them.
griddle ranges. The most flexible appliance that may be used with either electricity or LPG is the cooking range.
Ovens.
Griddles.
Cooking utensils and spoons.
Kettles.
Cutters/Choppers for vegetables.
Mixers.
Account payables: What does that mean?Accounts payable (AP) is a short-term debt and a liability on a balance sheet that represents money that a business owes to its suppliers and vendors who have given it goods or services on credit.
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consumption expenditures are $1,800 when disposable income is $2,000, and consumption expenditures increase to $2,600 when disposable income is $3,000. what is the marginal propensity to consume?
Consumption costs are $1,800, and disposable income is $2,000; after increasing consumption costs to $2,600, disposable income is $3,000. the marginal tendency to consume, or 0.08.
How do you divide consumer costs by disposable income?Consumption is equal to autonomous consumption plus marginal inclination to consume divided by available funds. A consumption function of this kind means that people allocate extra income between saving and consumption.
What is the formula for marginal propensity?The marginal propensity to consume is determined by dividing the change in consumption by the change in income. For instance, the formula would be 0.9/1 = 0.9 if a person's expenditure increases by 90% for every dollar of additional income.
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which of the following is a current trend in production and operations management? group of answer choices enterprise resource planning lean manufacturing flexible manufacturing systems business process management (bpm) the critical path method (cpm)
The following is a current trend in production and operations management business process management (BPM).
Which of the following production and operations management quizlet trends is now in vogue?Instead of a continuous production process, service organizations typically employ repetitive or intermittent production methods.
Is the part of production control that entails defining and managing the amount of time needed for each stage of the manufacturing process?Scheduling entails defining and regulating the amount of time needed for each production process stage. The operations manager creates schedules outlining the most effective order for producing goods and then works to make sure that the required supplies of labor and materials are available when they are needed.
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As emphasized in the text, much of our success within organizations is connected to?.
As emphasized in the text, much of our success within organizations is connected to our cognitive potential.
When all elements of your agency communicate easily, it could improve workflow and usual productiveness.
By using making an attempt to enhance your effective communication, you may build a more potent agency a good way to have to stay powerful in the market.
The formal conversation is the sharing of authentic records approximately the place of the job.
It is dictated by using the mounted hierarchical organization of the enterprise.
Casual verbal exchange no longer follows any rules of predetermined policy that formal does and is the opposite of formal communication.
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ginger wants to initiate a suit against valley farms by filing a complaint. the complaint should include
A description of the facts claiming the foundation for relief should be included in the complaint.
What is a complaint?A complaint is any formal legal document that outlines the facts and legal arguments that the person or parties submitting the complaint feel are sufficient to support a claim against the party or parties they are bringing the claim against, entitling the plaintiff to relief.The claims against the defendant, the specific laws broken, the circumstances giving rise to the dispute, and any requests for redress made by the plaintiff are all contained in this written document.Specific criminal proceedings may also be started in some jurisdictions by submitting a complaint, which is also occasionally referred to as a criminal complaint or felony complaint.Therefore, a description of the facts claiming the foundation for relief should be included in the complaint.
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an investor holds a debenture issued by xyz corporation, which is in the process of being liquidated. the investor's claim to payments would be:
Prior to common and preferred stockholders but following holders of secured bonds:
Investors are often compensated from the revenues of the liquidation of a corporation in the following order -
Owners of secured bondHolders of unsecured bonds (e.g., investors who own debentures)holders of preferred stockOwners of common stockWhat does the term "liquidation process" mean?
In finance and economics, the process of closing down a business and distributing its assets among claimants is known as liquidation. It is an occurrence that typically takes place when a business is bankrupt, or unable to make its debt payments on time.What sort of liquidation is that?
The act of converting assets into cash is the definition of liquidation. Liquidation is the process through which a company shuts down and sells every item it has because it is bankrupt. Investment liquidation occurs when you sell your asset to raise cash.Learn more about liquidation
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list two substantive analytical procedures that can test accounts payable. what potential errors or fraud can be identified by each analytical procedure?
Procedures for substantive analysis
Evaluate days overdue in accounts payable and payable turnover against data from prior years and the industry.Contrast the balances in accruals and accounts payable from the current year with those from previous years.Fraud or possible error:
Overstating or understating liabilities and expensesWhy are analytical processes a good auditing tool? What are they?At the conclusion of the audit, analytical processes are carried out as a comprehensive assessment of the financial statements to determine whether they are compatible with the auditor's understanding of the organization. Additional substantive assurance is not obtained by final analytical techniques.
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fiscal policy refers to the part 2 a. adjustment of national income data to account for price level changes. b. adjustment of government spending and taxes in order to achieve certain national economic goals. c. manipulation of the money supply in order to increase the amount of cash that the government holds. d. government policy that aims at raising the market prices of certain goods.
The correct option is (b) adjustment of government spending and taxes in order to achieve certain national economic goals.
The use of taxation and expenditure by the government to affect the economy is known as fiscal policy. Fiscal policy is often used by governments to encourage robust, long-term growth and lower poverty. John Maynard Keynes, a British economist, is heavily used in discussions of fiscal policy.
Depending on the demands of their economies, various nations use various types of fiscal policy. Fiscal policy can be classified as neutral, contractionary, or expansionary. Fiscal policy can be divided into two categories: expansionary and contractionary.
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Consider the supply of goods in a perfectly competitive industry. Will supply in the short run be more elastic or less elastic than in supply in the long run?.
The elasticity of supply is usually smaller in the short run than in the long run because in the long run producers are allowed to use additional production tweaks. Producers have various short-term production modifications they can make, such adding more labor.
Why is supply less elastic in the short run?Due of the limited alternatives for changing supply in the short term supply is frequently inelastic. Long-term supply becomes more elastic as a result of suppliers having the option to develop new factories or expand the production of a particular crop on farmland, both of which require longer time to complete.The term "completely elastic" refers to a horizontal supply curve. Because producers have more options as time goes on for adjusting to price changes, the price elasticity of supply is greater when the period of time under consideration is longer.To learn more about short term supply refer to:
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houston co. borrowed $20,000 from dallas co. on march 1, year 1. houston issued a note payable that had a one-year term and the annual interest rate is 8%. how will the necessary adjustment, dated december 31, year 1, affect the elements of the year 1 financial statements?
According to the prudence concept of accounting, Huston Co.'s (A) liabilities and expenses will increase as of December 31 due to a loan with an interest rate of 8%.
The term "prudence concept" refers to an important accounting rule that prevents overstating assets and income in financial statements. It is also known as the conservative concept and ensures that provisions are made for income and losses and obligations are not overstated.
Dallas Company granted Huston and Company a $20,000 loan with a one-year term. As a result of Huston Co. borrowing money at an interest rate of 8%, the company's liabilities and expenses will grow as of December 31 in accordance with the prudence concept of accounting. Huston Co. must enact legislation for:
Interest Expense A/c Dr.
To Loan or Interest payable A/c
Therefore, the correct response is (A) Increase liabilities and expenses.
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COMPLETE QUESTION:
Houston Co. borrowed $20,000 from Dallas Co. on March 1, Year 1. Houston issued a note payable that had a one-year term and the annual interest rate is 8%. How will the necessary adjustment, dated December 31, Year 1, affect the elements of the Year 1 financial statements?
A. Increase liabilities and increase expenses
B. Increase assets and increase revenues
C. Increase assets and increase liabilities
D. No effect
assume that with the economy at below full employment, the government implements an expansionary fiscal policy. how does the actual unemployment rate at the new short-run equilibrium compare with the natural rate of unemployment?
The actual rate will be lower than the unemployment rate's natural rate.
which will cause a drop in the unemployment rate's natural rate?Unanticipated increases in productivity may increase demand for labor at a specific wage level, and if the trend persists over time, it may reduce the natural rate of unemployment.
What is the long-term correlation between the unemployment rate and the inflation rate?In the long run, economists contend that there is no possible trade-off between unemployment and inflation. Short-term increases in inflation can result from declines in unemployment. Long-term, there is no connection between unemployment and inflation.
Short run Phillips curve: what is it?The short-run Phillips curve is used to demonstrate the trade-off. An economy goes through a recessionary gap when there is a high unemployment rate and low inflation. Governments undertake expansionary policies that lower unemployment in an effort to move an economy away from a recessionary gap.
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Which element of a marketing plan outlines how products or services will be sold and delivered to customers?.
The selling and delivery of goods and services to customers are described in the advertising plan section of a marketing strategy. This is the cornerstone of your marketing plan.
What is marketing?The process of generating, conveying, delivering, and exchanging products and services that are valuable to customers, clients, business partners, and society at large is known as marketing.Your marketing plan should outline how you plan to reach out to your target audience at each stage. The Most Important Aspect of a Marketing Plan Is Your Targeted Customer. Entrepreneur contributors are free to express their own views. Understanding the target market for their advertising is the most important and continuing effort for any marketer. The component of the plan devoted to marketing implementation explains how marketing tactics will be applied. The performance evaluation specifies the standards by which outcomes will be judged.To learn more about marketing refer to:
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which of the following professional services is considered an attest engagement? group of answer choices a consulting service engagement to provide computer advice to a client. an engagement to report on compliance with statutory requirements. an income tax engagement to prepare federal and state tax returns. the compilation of an engagement to provide a peer review for another cpa firm.
An engagement to report on compliance with statutory requirements is considered to be an attest engagement.
Attest engagement is one in which a practitioner is engaged to issue a report of findings based upon specific procedures performed on a subject matter.
What are the types of attestation engagements?
Examination engagement.Review engagement.Agreed-upon procedures engagement.What are examples of attest services?
Examples of attestation agreements are listed below:
Agreed-upon procedures engagements.Reporting on financial forecasts and projections.Reporting on pro forma financial information.Compliance attestation.Learn more about attest engagement here:- https://brainly.com/question/13450053
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when the market for money is drawn with the value of money on the vertical axis and the quantity of money on the horizontal axis , long-run equilibrium is obtained when the quantity demanded and quantity supplied of money are equal due to adjustments in
The market for money is depicted with the value of money on the vertical axis and the quantity of money on the horizontal axis; long-run equilibrium is achieved when the quantity demanded and quantity supplied of money are equal as the value of money rises.
What is market?The term “market” refers to the exchange of commodities and services. A market mainly involves the buyer and seller. There are many types of markets, such as perfect competition, monopoly markets, monopolistic competition, and oligopoly markets.
According to the money market are the based on the value of money on the vertical axis and the quantity of money on the horizontal axis, are the equilibrium is value of the money are the rises.
As a result, the money is equal as the value of money rises.
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armen is required to follow a forty-hour work schedule,but he can work up to 10 hours per day and leave by lunchtime on friday. this reflects a .
Armen is required to follow a forty-hour work schedule, but he can work up to 10 hours per day and leave by lunchtime on Friday which reflects a compressed work schedule.
A compressed work schedule refers to four days of work instead of the traditional five days a week. It usually compresses the five days of work that is to complete 35-40 hours of work into four days.
It is considered a good option where the employee can utilize the time efficiently for work without compromising the work and life balance. It is also beneficial from a remuneration point as the salary remains the same as a traditional five days a week. Only the work is wrapped up in a short time.
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when discussing pure competition, the term long-run refers to a period of time long enough to allow:
The term "long run" in discussions of pure competition refers to a period of time sufficient for existing firms in a sector to either increase or decrease their capacity.
What is genuine long-term competition?When there are no changes in the number of firms in the market and when all firms are making zero economic profits, a fully competitive market reaches long-term equilibrium.
What happens to a market that is only competitive over time?Economic gains spur entry, economic losses cause exit, and in the long run, firms in a fully competitive industry will generate no economic gains. In a sector where expansion does not affect input costs (a constant-cost sector), the long-term supply curve is horizontal.
Are long-term markets that are solely competitive effective?In the long run, a perfectly competitive market can achieve both allocative and productive efficiency. We actually refer to this market as being perfectly competitive because of these two types of efficiency.
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john invested $100 in each of the funds a and b. after one year, the value of the money in fund a was $10 higher than the value of the money in fund b. after another year, the value of the money in fund a was $25 higher than the value of the money in fund b. if the value of the money in each fund increased by a fixed interest compounded annually, what was the annual interest of fund a?
The annual activity rate, occasionally referred to as the trendy annual pastime charge or base rate, is the share price you normally see first when comparing financial products.
It's the simple interest that you'll pay on your loan or earn on your financial savings account besides taking compounding or prices into consideration
How do you calculate activity on a fund?Here's the easy pastime formula: Interest = P x R x T. P = Principal quantity (the establishing balance). R = Interest charge (usually per year, expressed as a decimal). T = Number of time intervals (generally one-year time periods).
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https://brainly.com/question/25793394#SPJ4an investor will receive an annuity of $4,000 a year for 10 years. the first payment is to be received five years from today. at a 9% discount rate, this annuity's worth today is closest to?
The worth of the annuity today is closest to $18,185.72.
What is the worth of the annuity today?An annuity is when a series of payment is made over a period of time. A fixed annuity is when the amount paid over the period is the same.
In order to determine he worth of the annuity today, the present value of the annuity has to be determined. The present value is the sum of the discounted cash flows expected from the project.
Present value = $4000 / 1.09^5 + $4000 / 1.09^6 + $4000 / 1.09^7 + $4000 / 1.09^8 + $4000 / 1.09^9 + $4000 / 1.09^10 + $4000 / 1.09^11 + $4000 / 1.09^12 + $4000 / 1.09^13 + $4000 / 1.09^14 = $18,185.72
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after a long day of work, kevin tells jamie about a new product that his company is close to releasing. which type of security loss is this?
A trade secret is any company practice or process that is generally unknown outside of the company.
what is trade secret?
Trade secrets are intellectual property (IP) rights on confidential information that can be licensed or sold. In general, for information to qualify as a trade secret, it must be:
Commercially valuable because it is secret, known only to a small number of people, and subject to reasonable steps taken by the rightful holder of the information to keep it secret, such as the use of confidentiality agreements for business partners and employees.
Unauthorized acquisition, use, or disclosure of such secret information by others in a manner inconsistent with honest commercial practices is considered an unfair practice and a violation of trade secret protection.
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human resource managers perform several important functions so the organization has the people it needs to achieve its goals. they include:
Recruitment and selection, compensation system development, and training and development.
Who is Human resource managers?Managers of human resources plan, organize, and oversee an organization's administrative operations. They supervise the hiring, interviewing, and onboarding of new employees, assist with chief executives on strategic planning, and act as a liaison between management and personnel in a business.Management of human resources plays a crucial role in every organization. Without competent human resources management, businesses would not be able to attract and retain top talent, grow and improve their operations, or preserve a positive, accepting workplace culture.By improving employee perception throughout the workforce and giving workers a well-rounded experience, HR plays a crucial part in creating a company's strategy.To learn more about Human resource managers refer to:
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Consider the supply of goods in a perfectly competitive industry. Will supply in the short run be more elastic or less elastic than in supply in the long run?.
The supply in the short run will be more elastic.
What is short run?According to the concept of the short run, some inputs will be constant while others will be variable within a specific time frame in the future. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so. The term "short run" does not refer to a precise amount of time, but rather to the business, sector, or economic component under investigation.As a constraint, the short run is different from the long run. Leases, contracts, and wage agreements restrict a company's capacity to alter production or wages in the near term to maintain a rate of profit. There are no fixed costs in the long run; costs are in balance when a firm's outputs combine to provide the desired quantity of the commodities at the lowest cost.In the event that a hospital's year-long contracts with all of its doctors, nurses, and technicians result in lower than anticipated demand, the facility will be forced to forgo some of its earnings. In the long run, businesses in capital-intensive sectors like oil and mining can adjust their operations in factories or investments to match shifting demand. However, they lack the same level of flexibility in the short term to take advantage of shifts in demand.To learn more about short run, refer to
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Uber’s lack of knowledge of the local business environment has caused it to suspend service in several important cities. To avoid the challenges related to a lack of knowledge of the local market and local regulations, uber should have.
Uber's international expansion becomes based in a locale-by-way-of-locale method, which clearly is the simplest approach viable. One cannot get anywhere on an identical time, regardless of one's price range.
Each locale needs specific studies and a rethinking of the emblem and of the product.
Uber launches in greater than 40 new places international. New countries include Italy, Germany, China, India and Russia. There are launches in Johannesburg, Pretoria and Cape city, marking its first African presence.
The idea for Uber became born on a snowy night in Paris in 2008, and ever because then our DNA of reimagination and reinvention incorporates on. We've grown right into an international platform powering flexible income and the motion of people and things in ever-increasing approaches.
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wile a capital budget is a long-run tool that can determine if a plan is ___________, the cash flow budget is a short-run tool and is used to determine if a plan is __________ . financially feasible, economically profitable economically profitable, financially feasible financially feasible, fiscally solvent fiscally solvent, economically profitable
While a capital budget is a long-run tool that can determine if a plan is economically profitable, the cash flow budget is a short-run tool and is used to determine if a plan is financially feasible.
Instead of accounting for the revenues and expenses resulting from the investment, capital budgeting focuses on identifying the cash inflows and cash outflows. For instance, because they are cash flow activities, non-expense items like loan principal payments are included in capital budgeting.
Capital budgeting, in contrast to several other forms of investment analysis, places more emphasis on cash flows than earnings.
Long-term net values will be identical for conventional profit-and-loss analysis and capital budgeting. However, the time value of money modifications is included in capital budgeting techniques.
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which of the following is not true of good management and leadership? multiple choice question. technical leadership takes precedence over business objectives in project management. leading involves establishing direction, aligning people, motivating, and inspiring team members. on a project, particularly a larger project, a project manager is generally expected to be the project's leader as well. managing is primarily concerned with consistently producing key results expected by stakeholders.
Option A. The option that is not true of good management and leadership is technical leadership takes precedence over business objectives in project management.
What is meant by good management and leadership?While managing is more about overseeing and making sure the daily operations are carried out as they should be, leadership is about inspiring others to understand and share your vision as well as to collaborate with you to reach your goals.
The qualities of a good manager include being receptive to new ideas, adapting to sudden change, setting high standards for staff performance, and maintaining effective and frequent communication. Leaders must also be able to exhibit these abilities.
A great leader must be able to articulate a vision and guide others toward realizing it. Great managers who possess this leadership quality may seek out new chances, build on past successes, excite staff by sharing their vision, and inspire others to take action.
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The idea that each country should be allowed to choose its own inflation rate is called the ________ argument.
The idea that each country should be allowed to choose its own inflation rate is called the monetary autonomy argument.
Inflation refers to a standard growth in the prices of goods and offerings in a financial system. whilst the overall rate stage rises, every unit of forex buys fewer items and offerings; therefore, inflation corresponds to a discount within the purchasing energy of cash.
Inflation is the fee of boom in costs over a given period of time. Inflation is typically a large degree, inclusive of the general increase in expenses or the boom in the value of residing in a country.
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jasper makes a $45,000, 90-day, 6.5% cash loan to clayborn company. the amount of interest that jasper will collect on the loan is:
the amount of interest that jasper will collect on the loan is: $12,200
journal entry :
cash (debit) = 45731.25
notes receivable (credit) = 4500
interest revenue (credit) = 731.25
working note :
interest revenue = 4500 * 6.5% * 90/360
=731.25
Amount of Bad debt expense adjusting entry = $11,055
Ending allowance for Doubtful accounts = $11,055
Less :Beginning allowance for doubtful accounts = $12,200
Bad debt expense = $11,055
Note:
Ending allowance for Doubtful accounts = $ 152500 * 8%
=$12,200
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What are the phases of production planning process?.
Production planning process includes five different phases in order to serve various clients.
What are the phases of production planning process?The 5 phases of production planning process are :
Phase 1 : Showcase your product's demand - In order to know how many products you need to make over a certain time period, you must first forecast the demand for your product.Phase 2 : Know production options - Determine the various production choices available to satisfy the anticipated demand for your product .Phase 3 : Pick the production option -Choose the option that uses the combination of resources most effectively by comparing the price and turnaround time of each feasible option.Phase 4 : Monitor and control - This step involves comparing what is occurring to what ought to be occurring.Phase 5 : Modify - If necessary, Be ready to change the plan and make sure that the manufacturing schedule must be adaptable to account for shifts in client demand.Conclude by selecting the one that allows you to satisfy your product demand while also utilizing the most effective combination of resources.To learn more about production planning , refer:
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Ned is a typewriter repairman. As typewriters are being replaced by computers ned finds less and less work. What kind of unemployment is ned experiencing?.
Ned fixes typewriters for a living. As computers replace typewriters, there is a decreasing amount of employment available. The type of unemployment that ned is suffering is structural.
What is unemployment ?"An individual is an unemployment for social insurance advantages if the director finds that he or she quit his or her most up-to-date work voluntarily while not smart cause or that he or she has been fired for misconduct associated along with his or her most recent task." In determinative eligibility for benefits, the Code stipulates "an individual might also be judged to own quit his or her most recent work with good cause if he or she leaves employment to protect his or her children, or himself or herself from violence abuse." There is no requirement that the claimant's spouse serve as the source of the supply.To Learn more About unemployment Refer To:
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julen wants to encourage the boss to consider a new process for evaluating employee performance. what type of report will julen most likely prepare?
Policies or procedures for the company should be changed, according to justification reports.For instance, they provide evidence to support a course of action that improves performance or solves a problem.
They frequently propose solutions that lead to financial gains or savings.
What is the justification report's purpose?
The Justification reports provide evidence to support a solution to a problem or performance enhancement.They offer solutions that prevent transactional ambiguity and result in financial gains or savings.
What examples of justification do you have?
Breaking into someone's house during a fire to save a child inside is an example of this.If the same thing is done under the false pretense that there was a fire, even though there wasn't one, it can be excused as long as the false pretense was reasonable.
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ethical standards would most likely be considered violated if team logos deals with a company in a developing nation that
Ethical standards would most likely to be considered violated if team logos deals with the company in a developing nation that – consistently transgresses environmental and labor laws.
Environment standard ethics?
According to the definition of environmental ethics, it is a branch of ethical standards that deals with how people value and interact with the environment, including other species that reside there. However, even before agriculture was formed, people were contemplating their relationship with nature. Environmental ethics as a topic of study didn't begin to take off until after the industrial revolution when incorrect exploitation of natural resources started to significantly influence the environment. Environmental ethical is divided between two opposing points of view. According to anthropocentric ethicists, human interests should take precedence over those of nature. Ecocentric ethicists see intrinsic value in nature's existence and hold that harming it, despite the fact that it is non-human, is wrong. It's crucial to keep in mind that anthropocentric and ecocentric thinkers frequently arrive at the same conclusion but for different reasons. For instance, the same forest in central Canada is protected under both eco-centric and anthropocentric viewpoints. The eco-centric viewpoint believes that the forest has a right to exist, unaltered by mankind, and desires to preserve it for its inherent, non-human value.
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