Answer: It is not ethical
Explanation:
Ethics is defined as a moral philosophy that is good for individuals and the society at large.
The basic principles of ethics are objectivity , professional due - care and competence, professional behavior , integrity and confidentiality.
The act of intimidation by the retail chain is un ethical as it is not to the benefit of the suppliers, Moreover , this act violates the principle of professional behavior and integrity.
A good ethical practice respects the trading policies of business partners.
Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.
What is Monetary unit?
The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.
Therefore,
Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.
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Answer:
True, but it applies to everyone in the organization.
Explanation:
Modern companies can only be successful if every single employee works as a team member, since competition keeps increasing and customers' expectations keep rising.
Every single role within an organization is important. Can supply chain professionals distribute a product that doesn't exist (wasn't manufactured on time)? Could they distribute a product that no one wants to buy (marketing and sales are extremely important also)? Could anyone work if the finance department couldn't do its job and there was no money in the company?
We tend to believe that what we do is extremely important and difficult to do, and other people have it easier because their are simpler than ours. But that is just nonsense. Once I heard a quarterback talking about who was the most important player in a football team, and his answer really surprised me, "Quarterbacks fill stadiums, but defenses earn championships". On a team no one is more important, the chain breaks on its weakest link.
Answer:
variable costs
manufacturing supplies =$14000
production supervisor wages=$135,000
power and light=$48000
production control wages=$32000
materials management wages=$39000
total=$268000
fixed costs
factory insurance =$30000
factory depreciation =$22000
<u>Total= $52000</u>
