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:
The first dramatic swing happened in the 1970s when there was a sharp <em><u>rise</u></em> in the real price of oil caused by the <em><u>formation of OPEC.</u></em>
In 1973, the World saw it's first oil spike when members of the Organization of Oil Exporting Countries (OPEC) being mostly Muslims, decided to punish the Western World for their perceived support of the Israelis in the Yom Kippur War. They placed an embargo on the sale of oil to the West and because they controlled 56% of the then World supply, this was enough to force the price of oil up due to the reduction in demand.
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The second swing happened in the 2000s when there was a sharp <em><u>rise</u></em><u> </u>in the real price of oil caused by <em><u>increased demand from emerging economies.</u></em>
From the early 2000s to 2008, the price of oil kept rising steadily till it reached around $147.30 in July 2008. This rise in prices was due to increased demand from newly industrialized and emerging nations like China that needed the oil to maintain their rapid growth.
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The most recent swing happened in 2008 when there was a sharp <em><u>drop</u></em><em> </em>in the real price of oil caused by<em> </em><em><u>a large financial crisis.</u></em><em> </em>
By December 2008, the price of oil had fallen to $32 and this was down to the global recession that was ravaging the World known as the Great Recession. As the world saw economic output fall, demand for oil decreased sharply thereby forcing the price of oil to fall dramatically.
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
Adrianna's salary $60,000
She has deductions of $3,000
Tax credits of $5,000
Annual tax of $6,000
What is her annual disposable income?
To solve, subtract all the deductions or money leaving her salary and add the credits she receives yearly.
$60,000 - $3,000 = $67,000
$57,000 + $5,000 = $62,000
$62,000 - $6,000 = $56,000
Adrianna's annual disposable income is $56,000.
