Personal ethics
Explanation:
Personal ethics applies to the ethics that a person who identifies with in respect to the people and circumstances that they contend with in everyday life. Professional ethics means the ethics a person has to adhere to in relation to their professional relationships and business transactions.
The principles of personal ethics are:
- Concern and respect for the autonomy of others.
- Honesty and the willingness to comply with the law.
- Fairness and the ability not to take undue advantage of others.
Ethics also shield members from harmful actions, such as success, money and power. They also help individuals gain a sense of truth and meaning of life. Unless you have some idea of knowing what is right and what is wrong people have no way to live and feel free to do whatever they want.
An ethical culture community offers a culture that supports the ethical conduct of the organization's members. Unethical conduct is any activity of a member who does not comply with the standards established by the organization's culture.
Marginal cost equals marginal revenue. The additional money that results from raising the quantity is known as the marginal revenue.
Therefore, profit is maximised when marginal cost equals marginal revenue, which is the same as saying when marginal profit equals zero. This additional revenue is also referred to as being "at the margin. In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs
Marginal cost
The additional expense brought on by increasing the quantity is known as the marginal cost. The additional expense at the margin.
Marginal revenue
The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue at the margin.
The XYZ Company is a profit-maximizing firm with a monopoly in the production of pennants. The firm sells its pennants for $10 each. We can conclude that the XYZ Company is producing a level of output at which:
Select one: a. average total cost equals $10. b. average total cost is greater than $10. c. marginal revenue equals $10. d. marginal cost equals marginal revenue.
Learn more about marginal cost and marginal revenue here:
brainly.com/question/10929905
#SPJ4
Answer: Total quality management.
Explanation:
Total quality management is a management style in which, there is a continuous effort to increase effectiveness of product/services delivered by a company, this is achieved by constantly training workers to effectively carry out their duties and constant communication with consumers of products to know areas that needs improvement in product/service delivery.
Answer: The law sets minimum standards of behavior while ethics set maximum standards. Laws are created and enforced by governments based on society's ethics to mediate our relationships with each other and to protect their citizens.
Answer:
Acquisition fee
Explanation:
Acquisition fee is paid to start the application process because the bank or the lessor is concerned about the security fees that must be paid to protect its position. These security fees are paid to company because in time of default the fee covers the installment payment and helps the bank to recover some amount as part of its recovery plan. This security fee is recoverable at the end of the period and the processing fee is not recoverable (Usually).
