Answer:
The firm's profit maximization price = $81.25
Explanation:
We are given:
Marginal cost MC = $65
Elasticity of demand ED = -5
Therefore, Using the rule of thumb pricing, we have the equation:
P = $81.25
Therefore the firm's profit maximization price is $81.25
Answer:
c. credit to Manufacturing Overhead of $92,000
Explanation:
Applied Manufacturing overhead was $92,000
So, The journal entry to record this will be,
Dr. Cr.
Work in Process of $92,000
Manufacturing Overhead $92,000
So, manufacturing overhead account is credited with the value of $92,000.
Answer:
The answer is: E) Idea screening
Explanation:
Idea screening is the second stage (comes after idea generation) of the new product development process. Its main purpose is to select "good ideas" and filter out "bad ideas".
The following questions usually help in defining what ideas can classify as good or bad.
- Do we really need to introduce a new product?
- Can our existing facilities produce the new product, or what is needed for them to be able to?
- Can we sell the new product with our existing marketing network, or what do they need to be able to do so?
- When will the new product generate profit?
Many times the concept of good or bad idea depends on the organization itself. If the answers to the questions above are positive and the company is able to go along with the project, then the new product should continue to stage 3 (concept testing).
1A) the point behind the opening story being about the prevalence of bribery in Iraq because it not only sets the plot of the audio, but if you read the details below it also goes with the question “Can today’s multinational corporations be a force for social good?” The opening of this helps the listeners to understand how different corporations work and really think about the questions in the details below.
2A) Governments are often less likely or able to confront issues like human trafficking and labor rights because they have not been able to solve cross border issues, if and when they try to work together than cannot come to a reasonable and or actionable agreements, so instead confronting issues such as human trafficking and labor rights they let them be. Corngold believes that only multinational corporations are able solve issues like that of human trafficking and labor rights. She believes this because they have the resources, the global footprints, and the incent of profits to solve such challenges.
3A) A Corporate idealist are the employees of a particular business that pay remarkably close attention to the financial performance of their companies, and the ethical, environmental consequences as well. (they also pay close attention to the societal consequences to their companies)
4A) The root of the struggle here that could apply to other similar human rights-related ethical issues would be the fatalities dampens human rights such as freedom to life, and to good health. The speaker ultimately worked through the issue by telling the company the particular human rights they are violating, from here getting the number of fatalities from 8 to 0.
#5 is your understanding of business ethics, thin about the question and go from there
you are free to use my answers as examples. Hopes this helps you out
