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irga5000 [103]
3 years ago
7

Assume that Dr. Early is an independent contractor for Pharzime, and Dr. Early sells the hospital 1,000 Gensol tablets. Pharzime

does not deliver on time, and the hospital sues Dr. Early for the breach of the contract. Dr. Early is found liable for $10,000 worth of damages. Dr. Early will probably be able to recover the $10,000 from Pharzime, because of the concept of:
Business
2 answers:
siniylev [52]3 years ago
5 0

Answer:

indemnification

Explanation:

Indemnification is a concept that shifts risk from one party to another.

In indemnification, thehe corporation may advance to or reimburse directors for the expenses and liabilities they incur as a result of their corporate decision making.

This only applies to directors and officers, not shareholders.

I am Lyosha [343]3 years ago
5 0

Answer:

Indemnification

Explanation:

Dr Early is protected under the concept of indemnification clause , Indemnification is an agreement between two or more trading parties where one party agrees to cover up for the losses that the other party might incur in the course of business transaction , resulting from the negligence or a breach of agreement on the side the paying party

It has to be well defined , understood and endorsed by the parties at it becomes legally binding

With this in place , risks are better managed in the course of a contract

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Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

8 0
3 years ago
Logistics is concerned Multiple Choice with flows of materials, finished products, and information. only with the flow of inform
Elanso [62]

Answer:

Option A

Explanation:

Logistics is concerned with the flow of goods (raw material and finished products) to the consumer and the producer.

However, the entire process of logistics involve  Flow of  physical items as well as abstract items inclusive of time, information, particles, and energy

Hence, option A is correct

7 0
3 years ago
Tom transfers a building that originally cost $40,000 to Paul Corp. in exchange for 100% of the corporation's stock. the adjuste
Korolek [52]

Answer:

Gain recognized by Tom is $10000

So option (b) will be correct answer

Explanation :

We have given liability on bulding assumed by Paul Corp = $30,000

Tom's adjusted basis in the building = $20,000

Since the liability assumed by Paul Corp on the building is greater than Tom's adjusted basis, Tom must recognize gain equal to the difference between the liability on the building and his adjusted basis.

So gain recognized by Tom = $30,000 - $20,000 = $10,000

4 0
3 years ago
According to the law of demand consumer demand for a product will decrease if
sveta [45]

Answer:

Chicken wing jkjk

Explanation:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. Hope this helped!

7 0
3 years ago
Read 2 more answers
In business, managers and employees are faced with many decisions. Management writer Ken Blanchard and religious leader Norman V
QveST [7]

Answer: In order to answer this, we must first add the options. They are as follows:

A. Am I acting fairly?

B. Is it balanced?

C. How will it make me feel about myself?

D. Will it help me further my career?

E. Is it legal?

The correct option is D. Will it help me further my career. This is a question that should NOT be asked when facing an ethical dilemma.

Explanation:

Ethics are moral principal that guide one's actions and attitudes. Now, all the options above can be properly weighed using ethical standards.

An Ethical dilemma is a situation in which a choice must be made between two options, neither of which will resolve the situation in an ethically acceptable manner.

We will analyze the options one after the other.

Let us start with option A. Am I acting fairly?

When faced with an ethical dilemma, one good question to ask is if an individual is acting fairly, that is, are they acting according to accepted ethical standards? If one's actions go contrary to ethics, then they should probably not undertake such an action. Therefore, this question SHOULD BE ASKED.

Option B. Is it balanced?

Balance here talks about equality. In this case this question looks at whether the action will favour one party over another, or if it will favour everyone equally. Therefore, this question SHOULD BE ASKED.

Option C. How will it make me feel about myself?

This question looks at the after effect of an action, if the action will make you feel good or bad about yourself later on. If the action will make you feel good, then it should be undertaken, but if it will make you feel bad, it should not be undertaken. Therefore, this question SHOULD BE ASKED.

Option D. Will it help me further my career? (Correct option)

This is a wrong question to ask when experiencing an ethical dilemma because it is not a question about ethics or morals, only career advancement, and it does not focus on the right or wrong of an action. Also, this is a selfish question to ask and it does not take into consideration the effect that the action will have on others. This question should therefore, NOT BE ASKED, because it is not a proper reflection of one's ethics.

Option E. Is it legal?

This question looks at the legality of an action, therefore illegal actions should not be undertaken, while legal actions should be pursued. This is a question that SHOULD BE ASKED.

6 0
3 years ago
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