Answer:
B) Businesses can actually do very little in terms of social responsibility.
Explanation:
Milton Friedman is most famous for the defense of the Chicago School economics which is a neoclassical approach to macroeconomics. He favored free trade, smaller government and a slow but constant growth of the money supply. I personally disagree with neoclassical economists because they have the tendency to mess things up and time proves they are always wrong (that is a biased but positive statement). He was the father of monetarism, but if you look at his last two disciples, George Bush and George W. Bush, the outcome was not positive ⇒ 3 deep recessions in 3 presidential terms.
As a neoclassical economist, Friedman believed and argued in favor of the trickle down in economics. That means that if you allow the rich to get overwhelmingly rich, their riches will spill over to the rest of society. Not because they are good people that like to share their wealth, but because they need workers and employees to keep consuming goods and services in order to get the economy moving. Eventually the spilled over wealth should return to the top. So it is no wonder why he opposed corporate social responsibility, since wasting time and money in the community, employees or the environment was simply a waste of resources that could be used to increase stockholders' wealth.
I understand how theoretically this might work, but it takes the human factor out of the equation and expectations are extremely important in economics, that is why they always fail.
Answer:
(i) $4,000,000
(ii) $3,840,000
Explanation:
(i) Contribution to income from selling the logs for log cabin construction:
= Large trees receive each period × per-unit price of logs
= 8,000 × $500
= $4,000,000
(ii) Contribution to income from processing the logs into lumber:
= Large trees receive each period × each log can be processed (feet) × (Selling price of lumber per board foot - Additional cost per board foot)
= 8,000 × 800 × (0.75 - 0.15)
= $3,840,000
(iii) Jack's continue to sell the logs only, because income from processing it as lumber is lower than log.
Answer:
A. Meta-conflict
Explanation:
Based on the information provided within the question it can be said that in this scenario Jon and Ana's exchange is an example of a meta-conflict. This term refers to a disagreement or conflict about how exactly one should engage in a conflict. Which in this scenario both Ana and Jon are arguing that the other is approaching the conflict in the incorrect manner.
Answer:
Innovative change
Explanation:
Innovation means change, hopefully a change for better. When a company decides to innovate its processes it means that it is trying to improve existing processes to make them more effective and more productive. In this particular case by starting to work weekend shifts they are trying to offer a better service.
The steps for finding the EOQ in a quantity discount model with variable H are:
- The optimal point is the quantity that yields the lowest cost
- Start with the lowest price
- If the minimum point is feasible
- Otherwise, compare total costs
What is the Economic Order Quantity(EOQ)?
The Economic Order Quantity is the ideal quantity of units a company should purchase to meet demand while minimizing inventory, costs such as holding costs, shortage costs, and order costs.
The economic order quantity formula assumes that demand, ordering and holding costs all remain constant.
Learn more about Economic Order Quantity here:
brainly.com/question/7224625
#SPJ1
