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galina1969 [7]
2 years ago
6

The CEO of a large automobile company says the cars the company makes are safe regardless of the fact that they lead the country

in accidents due to faulty equipment. This discrepancy highlights which of the following critical thinking principles?a) Few "truths" do not need to be tested.
b) All evidence is not equal in quality. c) Authority or expertise does not make the claims of an authority or expert true. d) Critical thinking requires an open mind.
Business
1 answer:
OleMash [197]2 years ago
8 0

Answer:

c) Authority or expertise does not make the claims of an authority or expert true.

Explanation:

It is true as the authority of any business aims to have maximum sales, for this some management works on quality of product and some management is ready to put false statements in order to increase sales and revenue.

Therefore, it is necessary to do critical thinking and no user shall violate the basic rule of critical thinking of knowing all the facts, since here it is clear that these cars lead the country to accidents due to faulty equipment.

Thus, this is the basic rule that not all the authorized statement is correct.

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When diversified firms use the revenues from profitable businesses to subsidize the operations of another business and then set
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Answer:

<u>Predatory</u>.

Explanation:

This predatory pricing strategy is used when a company aims to create entry barriers for new competitors, significantly lower the price to gain new customers and drive competitors away. The cons of this strategy is that in addition to being illegal, lost revenue is not always recovered, and there are other factors that drive competitors away, not just price.

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The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7%
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Explanation: see attachment below

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Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in proc
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Answer:

11,600 units

Explanation:

Equivalent units for conversion costs :

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6 0
2 years ago
Marin Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records: Sales price
amm1812

Answer:

$578,500

Explanation:

Sales price per unit = $ 106

Direct materials per unit = $ 51

Direct labor per unit = $14

Variable overhead per unit = $ 10

Fixed overhead per unit = $ 23

Fixed selling costs = $ 49,600

Variable selling costs = $ 166,300

Beginning inventory = 0

Units produced = 106,700

Units sold = 99,300

Under absorption costing,

Unit product cost:

= Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit

= $51 + $14 + $10 + $23

= $98

Gross margin:

= Sales - Cost of goods sold

= (99,300 × $106) - (99,300 × $98)

= $10,525,800 - $9,731,400

= $794,400

Total selling and administrative overheads:

= Fixed cost + variable cost

= $49,600 + $166,300

= $215,900

Marin’s operating income:

= Gross margin - Total selling and administrative overheads

= $794,400 - $215,900

= $578,500

7 0
3 years ago
Which option is an example of labor as a factor of production?
dolphi86 [110]

Answer:A

Explanation:

8 0
2 years ago
Read 2 more answers
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