Most large companies and thousands of smaller ones have created, printed, and distributed "codes of ethics."
<h3>What is codes of ethics?</h3>
A code of ethics is a set of professional conduct conduct business in an honest and ethical manner.
Some key features regarding the codes of ethics are-
- A code of ethics document could outline the business or organization's mission and values, how professionals are expected to approach problems, ethical principles predicated on the organization's core values, as well as the standards that the professional is held.
- A code of ethics, also known as a "ethical code," may include topics like business ethics, professional practice codes, and employee codes of conduct.
- A compliance-based code of ethics, a valuation code of ethics, or a code of ethics among professionals are the three main types of codes of ethics.
To know more about codes of ethics, here
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Answer:
In the cost-push model inflation is caused by owners of resources (including labor) increasing their prices that result in increases in product prices throughout the economy.
Explanation:
Inflation is an increase in the price of goods and services caused by a number of factors in the economy. There are two major types of inflation models;
<em>1. Cost-push inflation</em>
A cost-push inflation is an increase in prices caused by an increase in the production cost. The increase in production cost can be caused by items such as; cost of labor, raw materials or resources that are useful in the manufacture or operation of other products. This increase in production cost in turn increases the product prices of its associated products.
<em>2. Demand pull inflation</em>
Demand pull inflation is an increase in prices caused by an increase in the demand for the product. When the consumer demand for a certain product increases, the price of the particular product also increases. This is majorly due to the fact that a high demand causes the available supply to diminish leading to limited resources. When the demand supersedes the supply, consumers are willing to pay higher for the product.
Answer:
49250
Explanation:
Calculation through North West corner Method:
From Chicago Atlanta Supply
St. Louis 40 65 250
Richmond 70 30 400
Demand 300 350 -
The matrix is balance matrix because demand is equals to supply.
In first step of North West corner method:
We supply 250 units to the Chicago for St. Louis is 40.
We supply 50units to the Chicago for Richmond is 70.
We supply 350units to the Chicago for Richmond is 30.
We supply 350units to the Chicago for Richmond is 30.
Calculation for the degree of freedom is:
=
Raw
total
+
Colum
total
−
1
=
2
+
2
−
1
=
4
Now introduce the
θ
on that value where the lope is note created and the value is 65:
The calculation for the cost is:
=
250
×
65
+
300
×
70
+
400
×
30
=
49250
