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2 years ago

Why are conflicts of interests a problem in business? (Select the best answer.)

Business

2 answers:

labwork [276]2 years ago

8 0

They can lead to unethical behavior.

BartSMP [9]2 years ago

3 0

Answer:

They can lead to unethical behavior.

Explanation:

As the person which a conflict of interest will have to make a decision which influenciate his income, wealth or status.

The most common example is personal/sexual relationships between students or employees As there is a difference in rank the student or employee may accept as a refusal may lead to a bad grade or cease of contract respectively.

Another example is having a commercial relationship with a contractor/supplier while being in charge of the purchase department As will kept that supplier even when it is not preferrable for the enterprise.

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Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution

Annette [7]

Answer:

Vaughn should produce Plain as it makes greater profit.

Explanation:

Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both.

Plain has a unit contribution margin of $86 and takes two machine hours to make and Fancy has a unit contribution margin of $111 and takes three machine hours to make.

There are 2400 machine hours available to manufacture a product.

Profit per machine hour for Plain

= $\frac{86}{2}$

= $43

Profit per machine hour for Fancy

= $\frac{111}{3}$

= $37

The difference in profit

= $43 - $37

= $6

Plain makes $6 more profit per machine hour than Fancy.

7 0

2 years ago

Barry owns a 50 percent interest in B&B Interests, a partnership. His brother, Benny, owns a 35 percent interest in that sam

omeli [17]

Answer:

$10,000 loss

Explanation:

Barry bought a property for $60,000. He sells it for $100,000 to a company he owns 50% of. 50% of $100,000 = $50,000. He bought it for $60,000 and sold it for $50,000... that's a $10,000 loss. But they did say they are keeping the property for resale so there still may be hope :D

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3 years ago

Abarrier along the open sides of stairways and platforms that prevent falling is

kotykmax [81]

Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is

4 0

3 years ago

Which of the following actions would likely raise life insurance premiums?

Dafna1 [17]

Living a non-smoker its b

6 0

3 years ago

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A sporting goods manufacturer budgets production of 57,000 pairs of ski boots in the first quarter and 48,000 pairs in the secon

umka2103 [35]

Answer:

Cost of purchase for first quarter = $766,500

Explanation:

Total production of current quarter = 57,000 pairs

Raw material required for above = 57,000 X 2 kg per pair = 114,000 kg

Less: Opening inventory of raw material 28,500 kg = 114,000 - 28,500 = 85,500 kg required for quarter 1

Also provided that closing inventory shall be 25% of total raw material required for next quarter.

Raw material required in second quarter = 48,000 pairs X 2 kg each = 96,000 kg

25% of above = 96,000 X 25% = 24,000 kg

Total raw material to be purchased in current quarter that is first quarter = 85,500 kg + 24,000 kg = 109,500 kg

Rate not provided assumed to be same as of opening inventory that is $7 per kg, therefore cost of purchase for first quarter = 109,500 kg X $7 = $766,500

3 0

3 years ago

Read 2 more answers