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kykrilka [37]
3 years ago
8

"We chose this plan because it would benefit the majority of you, and harm the fewest" would be an example of using this perspec

tive:________
Business
1 answer:
Alborosie3 years ago
6 0

Answer:

utilitarian perspective      

Explanation:

In simple words, utilitarian approach refers to a method for making decisions in case of ethical dilemmas. Under this approach, the decision making authority makes judgement by focusing on the greater good, that is, making judgement that benefits the most of the individuals and harm the least.

This theory states that every party's interest should be taken into consideration equally as every related individual to the judgement is capable of suffering . However this approach is used when it is not possible to benefit all the stakeholders equally.

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Determine the type of bias involved. A local businessman is proposing a new sports stadium in a metropolitan area. He puts up bi
Rus_ich [418]

Answer: This is called <u>Self-interest bias</u>.

Explanation:

When someone is using this type of bias they are doing it for their own self interest. They will use all information gathered to use the information that will benefit themselves and their interests. This can be considered unethical in some types of businesses. The person using self interest bias will try to blame others for any failures that they may have. They may also refuse to take personal responsibility in any situation.

These  are three other types of bias;

  1. Selection bias
  2. Information bias
  3. Confounding

3 0
3 years ago
The statements and equations show various ways of defining average variable cost, marginal cost, and average total cost. TC is u
likoan [24]

COMPLETE QUESTION:

The statements and equations below show various ways of defining average variable cost, marginal cost, and average total cost. Below, TC is used to abbreviate total cost, VC is used to abbreviate Variable cost, and Q is used to abbreviate quantity. Classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost.

Average Variable Cost Marginal Cost Average (Total) Cost

The amount by which total cost increases when an additional unit is produced

Total cost divided by quantity of output

Change in the total cost divided by change in output

VC / Q

The sum of all costs that change as output changes divided by the number of units produced.

TC / Q

ΔTC/ΔQ

Answer and Explanation:

Marginal Cost is the value by which total cost increases when more units are produced.

Marginal Cost = VC / Q

Average Variable Cost is the cost per the quantity of output. It is the difference in the Total Cost per change in output.

Average Cost is the addition of all costs that change due to changes in output per the number of units produced.

TC / Q= Variable Cost

ΔTC/ΔQ= marginal cost

8 0
3 years ago
Read 2 more answers
The wrist watch industry in a country is not very competitive. There are limited brands available and the existing firms use the
olchik [2.2K]

Answer:

B. she is confusing between price elasticity of demand and income elasticity of demand.

Explanation:

Income elasticity of demand measures the change of quantities demanded for a particular good to a change in its income.

It is therefore calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.

Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its price change.

Mathematically:

Price Elasticity of Demand = % Change in Quantity Demand / % Change in Price.

From the above definitions stated about income and price elasticity of demand, the income in that year increased but the quantity of goods demanded decreased further by 5% from the predicted 7% (12 %)

5 0
2 years ago
On October 1, X-it Company bought a new delivery truck for $30,000. X-it plans to use the truck for 4 years, after which it will
Blababa [14]

Answer:

$3,750

Explanation:

The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:

$3,750 = ($30,000 x 2/4 x 3/12)

4 0
2 years ago
Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is plannin on selling 1500 coffee cups. In order t
agasfer [191]

Answer:

The answer is: E) $5.30

Explanation:

The first 500 cups are sold at $10.50 per cup.

Then cups 501 to 1,000 are sold at $10.25 per cup.

Cups 1,001 and beyond are sold at $10 per cup.

The cost of producing one cup of coffee is $4.70 regardless of how many cups are produced.

The 1,125th cup will be sold at $10 and cost $4.70, the marginal revenue is $5.30.

5 0
3 years ago
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