Businesses traditionally expect loyalty but ethics requires loyalty.
<h3>What requirements must business ethics meet?</h3>
Business ethics are necessary to defend the interests of workers, shareholders, rivals, dealers, suppliers, consumers, the govt , and other stakeholders.
It guards against their taking advantage of 1 another through deceptive or dishonest business methods.
<h3>What does the term "business ethics" mean?</h3>
Firm ethics, by definition, are the moral precepts that function standards for how a business operates and conducts its activities.
In many respects, the identical rules that people employ to behave appropriately in both personal and professional contexts also apply to organizations.
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Answer:
Opportunity cost is a useful concept when considering alternative places for using your resources and assets. ... If he/she farms the land, the opportunity cost is the income foregone by not renting it to a neighbor.
Answer:The goal of a command economy is to create equality within a society. A central government makes all economic decisions in the command economy. A command economy denies the customs that guide a traditional economy. It determines what goods should be produced and how much should be the price.
Explanation:
Answer:
Value of the bond = $767.70
Explanation:
<em>The</em><em> value of the bond </em><em>is the present value of the future cash receipts expected from the bond. The value is equal to present values of interest payment and the redemption value (RV).</em>
Value of Bond = PV of interest + PV of RV
The value of bond for Potter Industries can be worked out as follows:
Step 1
<em>Calculate the PV of Interest payment</em>
Present value of the interest payment
<em>PV = Interest payment × (1- (1+r)^(-n))/r</em>
<em>Interest payment </em>= 6% × $1,000 = $60
PV = 60 × (1 - (1.0.086)^(-10)/0.086)
= 60 × 5.4912
= 329.47
Step 2
<em>PV of redemption Value</em>
PV of RV = RV × (1+r)^(-n)
= 1000 × (1.086)^(-10)
= 438.229
Step 3
<em>Calculate Value of the bond </em>
=329.47 + 438.229
=767.7066285
Value of the bond = $767.70
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