Answer:
False.
Explanation:
In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.
Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.
Answer:
C) supplier selection
Explanation:
The five stages of the business buying decision process are:
- Awareness and recognition: someone at the company identifies the need for a purchase.
- Specification and research: a detailed specification about what product is needed, quantity and technical requirements is elaborated. Using this information you start to search for potential vendors or suppliers that can offer the product.
- Request for proposals: vendors are contacted and you request them to send you their proposals regarding the products that you are looking for.
- Evaluation of proposals: the buying team must evaluate the proposals received form the potential vendors and select the most appropriate one.
- Order and review process: Price ans selling terms are negotiated, he order is placed and finally the products received are controlled to check that they meet the specifications.
Answer:
Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables
Explanation:
Vegetables Chicken Trade Off Ratio
John 40 10 4:1 (40/10) or 1:0.25 (10/40)
George 25 5 5:1 (25/5) or 1:0.20 (5/25)
John has comparative advantage in Chicken and George has comparative advantage in Veggies because :
- John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
- George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).
So, John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.
- It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
- Unitary method:- '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .
Answer:
'Safety Needs' from 'Basic Needs'
Explanation:
Maslow's hierarchy of needs is a psychological theory, stating the priority ranking in which individuals seek to fulfil their needs.
- Basic Needs : Physiological needs (food, water, shelter) and Safety needs (security , wealth base)
- Psychological Needs : Love, Belongingness needs (good family, friends bonds) and Self Esteem needs (prestige, self accomplishment)
- Self Fulfilment Needs : Self Realisation needs (enhancing growth potential, creative activities)
Elias works as a fire fighter. Although she prioritises protection from safety equipment ; she still bought a 'disability insurance' with income protection. This act highlights towards Elias fulfilling / prioritising her : Safety Needs (Security of body, health, employment, resources, family welfare, property); broadly from 'Basic Needs'.
Answer:
Following are the journal entries recorded;
November 12
Debt: Cash Dividend = $45,000
Credit: Dividend Payable = $45,000
Declaration of Cash Dividend is recorded
November 20
No Entry is recorded
December 01
Debt: Dividend Payable = $45,000
Credit: Cash = $45,000
Cash Dividend Payment recorded
The significance of date November 20 is to record the dividend date, the organization regulates the eligibility of the shareholder to collect the dividend
