Answer: B. Despite the overseas vendor's effectiveness, Freedom decides not to enter into a contract with it because according to Freedom, tolerating sweatshop conditions is unethical.
Explanation: From the above question, freedom has a strong social interest because it is concerned about the welfare of workers.
Sweatshop condition is an unfriendly work environment where general labour laws are been violated.
Under this sweatshop conditions, the workers have a to work long hours with little pay, child labour is encouraged, poor working conditions and so on and these go against the labour law.
Freedom shoes inc will not enter into a contract with any vendor that operates sweatshop conditions.
Answer:
11%
Explanation:
Calculation to determine the markup percentage as a percentage of cost for Timothy Company
First step is to calculate the Sales revenue
Sales revenue = 1,500 units × $1,000
Sales revenue = $1,500,000
Now let calculate the Markup percentage
Markup percentage = $150,000 / ($1,500,000 - $150,000)
Markup percentage = $150,000/1,350,000
Markup percentage= 11%
Therefore Markup percentage is 11%
Answer:
C. Both a Macro Economist & Micro Economist
Explanation:
Micro Economics is the study of single individual consumer, firm, industry. Eg-Single commodity price.
Macro Economics is the study of all consumers, firms & industries - studying economy as a whole. Eg: General price level.
Impact of higher tax can be on :
- On supply, demand of that particular good on which tax is levied (concern of Micro Economics). Micro Economic Concept Eg: Supply is inversely related to tax component of 'government policies' factor.
- On aggregate demand, aggregate supply of the economy as a whole (concern of Macro Economics). Macro Economic Concept Eg : AD = C+I+G+NX, government expenditure decrease (tax increase) reduces AD.
So: Impact of higher tax can be examined by both Micro Economist & Macro Economist, depending upon the kind of study.
Profit, profit, profit! That’s why they are there to get money.
C.) the flavor will be lost if the fish is well-done