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vichka [17]
2 years ago
9

As a​ bank, you make a loan to an individual seeking funds to open a coffee shop. When the loan is​ made, the borrower uses the

funds to take a vacation to Greenland. This is an example of:
Business
1 answer:
Simora [160]2 years ago
4 0

Answer: Moral hazard

Explanation:

Moral hazard is regarded as a risk that a party has not entered into a contract in good faith or has provided misleading information about its assets,liabilities , or credit capacity.

In addition to that ,moral hazard also may mean a party has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles.

Themoral hazard also occurs when one party in a transaction has the opportunity to assume additional risks that negatively affect the other party.

The decision is based not on what is considered right, but what provides the highest level of benefit, hence the reference to morality.

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You're in a conference room with Javier and Jim, an assistant director who reports to you. The other three people in the room, i
Ivahew [28]

Full question:

You are a manager at Leland Enterprises, a transportation

company, and work in the headquarters building. You report to the director, Javier.

Javier is known around the office as a hothead--quick to anger, slow to praise anyone. He tends to demean people publicly when he thinks their work is substandard, which is just about all the time. He has a weak spot for doughnuts, which seem to make him happy, so you and your coworkers regularly bring in sweets to, as you say, "appease the monster." Javier is favored by upper management for his decisiveness and strong ability in business analytics, which have led to strong corporate results. Upper management is hands-off toward Javier's management of his team. As a result, turnover is quite high as employees realize they can either adapt to his environment or leave, but not change it much.

Decision Point: Javier's Goals

You're in a conference room with Javier and Jim, an assistant director who reports to you. The other three people in the room, including your friend Emily, report to Jim.

Javier ends the meeting by saying, "So that's just the way we do things around here." One of your employees asks, "Could you tell me a bit of detail about our projection goals?" Javier responds, "No, you all know enough—you do your jobs and let me work out the details. This meeting is over. Turn to your neighbor and give our secret GIMME handshake." People jostle, rolling their eyes, and perform a middle-school-type crazy handshake.

In what ways do you see the organizational culture of Leland Enterprises transmitted?

Select the best options from the choices below and click Submit.

Ethics

Innovation

Symbols

Stories

Socialization

Language

Rituals

Answer:

Rituals

Explanation:

Corporate rituals are demonstrated in the example above. They may be repetitive sequences that could take the form of habits or ceremonies that express and reinforce the values of the organization such as what goals are most important, and which people are important and which ones are superfluous. This is seen when the manager asks to give the Gimme shake.

5 0
2 years ago
Midyear on july 31st, the digby corporation's balance sheet reported: total liabilities of $51.391 million total common stock of
lys-0071 [83]

We can calculate total assets by accounting equation, which is total assets equal to total liabilities plus total equity. Using the basic accounting equation:

Total assets = Total liabilities + shareholders’ equity

= total liabilities + ( total common stock + Retained earnings)

= $51.391 million + ($2.540 million + 18.432 million)

= $72.363 million

Therefore, total assets of the firm would be $72.363 million.

8 0
2 years ago
Green Company is planning to introduce a new product with a 75 percent incremental unit-time learning curve for production in ba
sweet-ann [11.9K]

Answer:

210 hours

Explanation:

The learning curve rate can be found by log75%

Ln0.75 = 0.12249

1 batch requires 200 hours

The 1500 units batch will require 200 hours

For 3000 units there will be two batches of 1500 units each

200 hours * 2 batches * 0.12249 * 4.5 = 210 hours

6 0
2 years ago
You are a landlord for an office building. You just received a claim letter from a tenant asking for a refund of $2,000 for extr
Tanya [424]

Answer:

See the explanation below.

Explanation:

The Accounting Officer,

ABC Co.,

12, Ogbere Road,

Ibadan, Nigeria.                                                                            

                                                                                                   28 July 2019

Dear Mr. James,

Re: Refund of $2,000 Excess Receipt and Rent Adjustment

Kindly take this as response to your request for a refund of $2,00 for extra rent that was paid in June.

After a careful examination of my bank statement, I discovered that my account was credited twice with the sum of $2,000 for the rent due to a bank error.

The adjustment is hereby made as follow:

<u>Details                                                $  </u>

Amount received                           4,000

Refund of excess payment        <u>  (2,000)  </u>

Actual rent paid                           <u> 2,000   </u>

Kindly find enclosed in this letter an amount of $2,000 as the refund of the excess payment.

I look forward to receiving your response and acknowledgment of the receipt of the refund.

Yours sincerely,

Amcool.

4 0
2 years ago
Refer to the following trial balance. ​ Debit Credit Cash $19,000 ​ Accounts Receivable 40,000 ​ Merchandise Inventory 62,000 ​
Kryger [21]

Answer:

The answer is B.

Explanation:

Gross profit is the difference between a company's net sales or total revenue and cost of sales or cost of goods sales.

Sales revenue is $433,000

Cost of Goods Sold is $240,000 ​

Remember that Gross profit is Sales revenue - cost of goods sold.

Sales revenue----------------------------$433,000

Minus: Cost of Goods Sold----------$240,000

Gross profit--------------------------------<u>$193,000</u>

5 0
2 years ago
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