Decision of Nike to cancel orders from suppliers that violates its ethics code is the correct answer. A code of ethics is a set of principles designed to help professionals conduct business in an honest and ethical manner.
A code of ethics document may outline business or organization's mission and values, how professionals are expected to approach problems, ethical principles based on the organization's core values, and the standards to which the professional is held.
A compliance-based code of ethics, a value-based code of ethics, and a code of ethics among professionals are three main types of codes of ethics.
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Answer:
- Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.
Explanation:
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In the question above, Walt asks for 10 gallons of gas while Jessie asks for $10 worth of gas. In both the cases, the drivers need gas but Walt is concerned about the quantity of gas and Jessie is concerned about the price of the gas.
In case of Walt, the price elasticity of demand is zero because he want 10 gallons of gas regardless of the price of gas per gallon. While in case of Jessie, the price elasticity of demand is one because he wants to buy gas worth $10, no matter what is the price of the gas per gallon.
Answer: 2 Acres
Explanation:
All 3 residents of the town have agreed to split the cost of building the park equally. The cost is $24 so equally would be,
= 24/3
= $8
Each of them would have to pay $8.
If the cost per person is $8, how much will each person vote for.
Referring to the table;
Cedric will vote No for all acres because the $8 passes the amount Cedric is willing to pay for any size of Acre.
The majority vote can still be carried if the other 2 vote yes.
Sophia will not vote yes for anything more than 2 acres because Sophia's willingness to pay at $8 is for 2 acres alone.
At 2 acres, Amber's willingness to pay is $18 so Amber will vote yes as well.
Therefore if the majority vote is to be carried then the amount of acres should be 2.
