Answer:
Urgency / Postponement leads to customer inelastic demand of ice melt.
Explanation:
Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price
Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,
Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price
Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.
Answer:
I believe it would be a lot easier to argue organization's ethical responsibility to help employees deal with stress.
<u>Here's some ideas:</u>
<em>INTRO</em>
--> Introduce your topic/argument
(make sure to include a thesis statement!!)
First, show the reader how damaging stress can be to the employee by explaining it's negative impact on the employee's wellbeing:
- Symptoms of stress and ways that it negatively impacts employees specifically.
- Mention how stress reduces productivity and site research about it.
Point out how common stress is within the workplace by using stats or current day examples:
- Statistics about the huge percentage of people who report feeling stressed out from work.
- Use the current day example of how the current pandemic has had a massive impact on the stress especially on healthcare workers.
- Main point: <em>stress is a very common and serious problem among employees</em>.
<em>BODY</em>
Argue how organizations DO have an ethical responsibility to help employees deal with stress:
- Point out how it's a very serious problem.
- Argue that an organization who chooses not to help is a bad organization.
- Show examples in history where organizations did not take good care of their employees.
To further strengthen your argument, mention how beneficial it is for the organization itself to provide resources for employees to help them manage their stress:
- Provide statistics on the usefulness of stress-management programs within the workplaces (example: INCREASES PRODUCTION).
- Argue how happier employees also tend to function better in the workplace because they feel supported.
<em>CONCLUSION</em>
--> Summarize your essay
- Summarize your main points and restate your thesis statement here.
Answer:
Minimum transfer price when operating at capacity is the marginal cost + opportunity cost
Maximum transfer price is marginal cost only, when not operating at capacity.
Explanation:
Minimum transfer price when operating at capacity is the marginal cost + opportunity cost because when operating at capacity there are 2 elements involved - the cost at which it has made the units it will be transferring to another department within the organisation, and the profit it would have made if it had sold those units to others (opportunity cost)
Maximum transfer price is marginal cost only, when not operating at capacity because the department is constrained, it can only produce for the satisfaction of internal demand, not external customers; hence there is no case of opportunity costs.
Answer:
Given:
12% bonds have a face value of $35,000,000
Bonds sold for $37,702,483 based on the market interest rate of 10%.
∴
The interest expense on July 1 can be computed as
Interest expense = Bonds sold × Effective market interest rate (
= 5%)
= $37,702,483 × .05 (1/2 of the effective interest rate)
= $1,885,124
⇒ The interest expense on July 1 is $1,885,124
Answer:
To be most effective, a Code of Ethics must be drafted in a positive actions or results-based approach.
Explanation:
A code of ethics can be defined as a document with several guidelines that guide people as to their ideal postures and attitudes, morally accepted or tolerated by society as a whole, framing the participants to a politically correct conduct and in line with good image that the entity or profession wants to occupy, including encouraging the voluntariness and humanization of these people and that, in view of the creation of some professional activities, is drafted, analyzed and approved by its competent class entity, organization or government, in accordance with with the attributions of the activity performed, so that it will suit the interests, struggles or desires of the community benefited by the services that will be offered by the professional on whom the code has an effect.
As such, a code of ethics sets standards that regulate the behavior of people within a company or organization. Although ethics are not coercive (they do not imply legal penalties), the code of ethics presupposes internal rules that are mandatory.
