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Anestetic [448]
1 year ago
8

Cael tells his co-worker and friend, Kevin, that he has been interviewing at a rival advertising firm and thinks that he has sec

ured a job. He said he is not going to tell his boss because he will have to start immediately at the new job and will be unable to give two weeks’ notice as expected when leaving a position. Kevin knows that their boss is depending on Cael to finish a big project and feels like he should tell his boss but he also wants to be a good friend. What kind of situation is Kevin facing?
a. Conflict of ownership
b. Conflict of friendship
c. Conflict of loyalty
d. Conflict of intuition
Business
1 answer:
salantis [7]1 year ago
4 0

The type of conflict that Kevin is facing based on the scenario that has being painted here is what is called the Conflict of loyalty. Option B.

<h3>What does it mean to be in conflict?</h3>

A mental conflict brought on by conflicting or incompatible wants, urges, wishes, or demands from the outside or the inside.

Conflict-affected individuals may come out as tense and uneasy. For instance, they could shun social situations and question everything they do all the time. Words and comments - How workers communicate verbally might show whether conflict is present. People tend to use far more emotional language when they are agitated.

When a person has a duty of loyalty to many entities and those entities' interests disagree, there is a conflict of loyalty.

When a board member may be swayed by factors other than what is best for the organization, there is a possible conflict of loyalties. Loyalty conflicts could be severe enough to qualify as interest conflicts.

Read more on conflict here:brainly.com/question/846617

#SPJ1

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Why should the people on the RA team be different from the people responsible for correcting deficiencies?a. to avoid potential
NemiM [27]

Answer:

The correct answer is the option C: To avoid conflicts of interest.

Explanation:

To begin with, the term of risk assesstment refers to the process of identifying and analyzing possible future threats that may cause harm to the individuals or the assets of the company and from there on to evalute possible solutions to those situation that the company does not want to. Moreover, the risk manager is the one who should take care of those aspects and therefore that an RA team is the one that is being under his commands and should focus on the fact of identifying and analyzing the problems as well as evaluating instead of correcting some of those deficiencies and therefore that they need to have a different mind in the theme because they need to avoid conflicts of interest with the other team that is responsible from correcting.

8 0
3 years ago
Metcalf Company leases a machine from Vollmer Corp. under an agreement which meets the criteria to be a finance lease for Metcal
tresset_1 [31]

Answer:

the lease asset is $723,943

Explanation:

The computation of the lease asset is shown below;

= (Lease payment - per year maintenance charges) × present value of an annuity due of 1 for six years at 8%

= ($170,000 - $25,000) × 4.99271

= $145,000 × 4.99271

= $723,943

hence, the lease asset is $723,943

The same would be considered

4 0
3 years ago
What is the effect of a buyer’s failure to comply with the statute of limitations recognized by the Uniform Commercial Code for
lubasha [3.4K]

Answer:

The buyer has agreed to waive his warranty rights by agreeing the clause of waiving the warranty rights under the contract.  

Explanation:

If the buyer and the seller agrees on the term that the risks and the rewards coming onwards would belong solely to the buyer and there will be no warranty claims acceptable related to this product. This is the limitation of the application of the Unifrom Commercial Code.

8 0
3 years ago
Prepare journal entries to record the issuance of the bonds and the retirement of bonds. (Show computations and round to the n..
Vikentia [17]

Answer:

issuance entry:

cash                   2,850,000 debit

discount on BP     150,000 debit

         bonds payable           3,000,000 credit

--to record issuance--

bonds payable      600,000 debit

loss on redemption 30,000 debit

interest expense     56,250 debit

                 cash                     662,250 credit

                 discount on BP      24,000 credit

--to record redemption ---

Explanation:

proceeds at issuance : $3,000,000 x 95/100 = 2,850,000

the difference will be the discount.

Now, when the bonds are retired we have to check the weight:

3,000,000 --> 120,000

  600,000 --> 120,000/3,000,000 x 600,000 = 24,000

<u><em>cash outlay</em></u> 600,000 x 101/100 = 606,000

loss redemption

we pay 606,000

for bonds which are worth: 600,000 - 24,000 = 576,000

The loss is the difference.

then, we calcualte the accrued interest:

principal x rate x time

3,000,000 x 7.5% x 3/12 = 56,250‬

this will be an interest expense

as well as an additional cash outlay

5 0
3 years ago
In determining contract formation, what is the overriding focus of the uniform commercial code (ucc)?
postnew [5]

Answer:

The intent of the parties is to be bound by the contract.

<h3>What is the UCC battle of the forms rule?</h3>
  • Typically these so-called battles of the forms occur when a buyer and seller of goods exchange pre-printed order forms with their own different terms on the back and then proceed with the transaction without ever signing any final contract or reaching an agreement on the terms of the deal.

To learn more about it, refer

to brainly.com/question/24553900

#SPJ4

7 0
1 year ago
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