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Sauron [17]
2 years ago
8

Consider the following case: John Smith is a archaeologist with a Ph.D. He has excavated sites across much of South America and

unearthed many ancient artifacts. He is a leader in the field of archaeology. John decides that he will market and sell a new haircare product and on his advertisements lists his Ph.D. after his name, though he has never had any training in dermatology or any other health-related science. Evaluate as true or false: John Smith's use of his Ph.D. on advertisements for haircare products is an example of the fallacy of inappropriate expertise. Question 6 options: True False
Business
1 answer:
STatiana [176]2 years ago
5 0

According to the case, the use of Ph.D. on the ads for hair care products by John Smith is considered an example of the fallacy of inappropriate expertise.

The provided statement is true.

<h3>What is a fallacy?</h3>

A fallacy is an unlawful statement that is used by someone in stating any reasoning or argument which can even be harmful to society.

In the given case, John is having Ph.D. degree in the archaeology field, and his attempt to use the word Ph.D. on the haircare goods marketed by him would be a fallacy in respect of inappropriate expertise. The fallacy could be the use of the Ph.D. word on ads and the inappropriate expertise is that he doesn't have any knowledge regarding skincare and dermatology area.

Therefore, this may create a harmful effect on the individuals who are buying them as it is not authorized by a dermatologist.

Learn more about the fallacy in the related link:

brainly.com/question/2516239

#SPJ1

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A company gives each of its 80 employees (assume they were all employed continuously through 2020 and 2021) 12 days of vacation
Olin [163]

Answer:

$157,440 ; $230,400

Explanation:

The computation is shown below:

For 2018

= Number of employees × number of vacations in a year × number of hours per day × wages per hour

= 80 employees × 12 days × 8 hours × $20.50

=$157,440

For 2021

= Number of employees × number of vacations in a year + number of vacations in a year - average of vacations × number of hours per day × wages per hour

= 80 employees × 12 days + 12 days - 9 days × 8 hours × $24

= $230,400

5 0
3 years ago
An auditor client sells 15 to 20 units of product annually. A large portion of the annual sales occur in the last month of the f
otez555 [7]

Answer:

B.

Explanation:

Based on the information given that a large portion of sales occur at the last month of the year, a key audit concern or risk would be the revenue or sales cutoff. This concern is on the recognition of revenue in the appropriate period as most of the sales are recorded in the last month of the year. The risk exist that such sales are recognized to meet up with the yearly sales target of the organization. The performance of analytical procedure would not be effective as the results (trend) over the past 5 years have been similar. A test of internal controls at an interim date may also not be effective as there may be multiple level connivance to ensure that sales target are met. Also, the review of period end compensation of bonuses paid may not address the identified risk as such option B which deals with revenue recognition is the most appropriate option.

3 0
3 years ago
Javaprojavapro ​systems's static budget predicted production of and sales of 5555 connectors in​ august, but the company actuall
madreJ [45]

In this problem, you are given the amount of direct materials that was purchased by the company which is $6,184.

To record the purchase of the direct materials, the journal entry would be:

Materials             $6,184

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To record the usage of the direct materials to production, the entry would be:

Work in Process                                $6,184

          Materials                                             $6,184 

7 0
3 years ago
Which of the following would NOT generally be a motive for a firm to hold inventories? to hedge against inflation to decouple va
34kurt

Answer:

The answer is to minimize the reodering cost

Explanation:

We have three motives for holding inventory

1. Transaction motives of holding inventory This is to enable day to day transaction running of inventories.

2. Precautionary motives of holding inventory: Holding inventory to guard against unforeseen circumstances or to meet emergencies. For example, unexpected increase in demand.

3. Speculative motives of holding inventory. This is the holding of inventory in order to take advantage of any potential Investments. For example, to hedge against risk, take advantage of discounts.

All the options EXCEPT 'to minimize reodering cost' option are the reasons holding inventories.

8 0
3 years ago
A domestic firm may decide to contract for the production of its goods by an established foreign manufacturer. Such private-labe
natima [27]

The private-label manufacturing by a foreign company is called contract manufacturing.

<h3>What is contract manufacturing?</h3>

It should be noted that contract manufacturing us the contract to outsider manufacturing in exchange for money.

Therefore, the private-label manufacturing by a foreign company is called contract manufacturing.

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4 0
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