Known as <u>compliance-based ethic codes</u> these ethical standards emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers.
Compliance-based ethical codes are those that outline moral requirements with an emphasis on preventing unethical activity by tightening regulations and punishing offenders. Integrity-based ethical codes are those that specify an organization's guiding principles and foster a culture that encourages moral behavior. A compliance-based code of ethics is created to ensure that the company and its personnel abide by all rules and regulations properly. The prevention, detection, and punishment of non-compliant conduct are three important components. For instance, Jeremy's compliance-based code might forbid his employees from materially misrepresenting the truth when acting in the course of their job.
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Answer:
Y= 6000 + 0.75X
Explanation:
High and low cost technique
Using the a high and low technique, total cost can be analysed and separated into fixed and variable portion. This analysis helps in the forecast of cost and therefore important for the preparation of budget.
<em>Variable cost of maintenance</em>
= (Cost at high activity - Cost at low activity)/ (high activity - low activity)
VC per act. = ( $15000 - $12000)/(12,000-8000)
= $0.75 per activity
<em>Fixed cost of maintenance</em>
= Total cost at high activity - (VC per act × high activity)
= $15,000 - ( $0.75 × 12,000)
= $6,000
The cost formula will be:
Y= 6000 + 0.75X
Where Y = maintenance cost, X= level of activity
Answer:
Scarcity refers to the basic economic problem, the gap between limited that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
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