Answer:
The correct answers are letters "B" and "D": Punishing the entire class when an ethical violation occurred; Providing ethics training only to students who admitted to cheating.
Explanation:
By <em>punishing the entire class when an ethical violation occurred</em>, Professor Quinn is not acting objectively. In such cases, only the students at fault should be punished for their actions. If the rest of the students acted ethically there is no reason for them to be punished. In remorse, those students could start to act unethically since they know even acting correctly they will be punished anyway.
Besides, <em>providing ethics training </em><u><em>only </em></u><em>to students is inappropriate</em>. The unethical action must serve as an example for <u><em>all </em></u>students in a class as an act that must not be replicated. Thus, all of them should be instructed on what to do to avoid such situations.
Answer:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Explanation:
Giving the following information:
Benson produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $250,000.
<u>We need the information regarding the standard rate for each hour of labor and the number of hours required to manufacture each unit</u>. The formula for direct labor efficiency variance is:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Kane manages a used book store he reads a report advising him to stock more encyclopedias. However the report is mistaken customers in Kane's town hardly ever buy encyclopedias. what problem could this mistake cause?
As mentioned below, if the consumers do not buy the encyclopedias, then they will lose money due to purchasing items that consumers do not want. It's necessary to not only look over reports, but understand the reports to make sure that a business is not overstocking in items that consumers are not actually in demand for. Consumers will purchase items they have a demand for and based on the reports, you can understand the items they are in demand for versus the items they will not be purchasing.
Answer:
d. Supply chains should consider the needs of consumers provided those needs are consistent with marketing strategies.
Explanation:
In order for supply chain customer service to be effective, it is necessary to focus on customer needs and these needs must be aligned with the company's marketing strategies.
In other words, each stage of the supply chain must operate in an integrated manner, so that each process is synergistic and so that the final consumer can receive the product at the right time, in the right quantity and in the right quality. Therefore, supply chain management will improve each step of the process, guaranteeing the quality of the processes, the reduction of time, the reduction of costs and waste and ensuring the continuous improvement of the process, which will make the product go through each channel effectively, generating value and strengthening the relationship between the company and the consumer.
Answer:
Explanation:
What is given:
Demand Prob Cumulative Prob
5 0.25 0.25
10 0.45 0.70
15 0.20 0.90
20 0.10 1.00
Cost of underage or profit lost, Cu = Selling price - Cost per dozen = 10 - 6.35 = 3.65
Cost of overage or cost of a lost sale, Co = Cost per dozen - Salvage value = 6.35 - 2 = 4.35
The critical fractile CF = Cu / (Co + Cu) = 3.65 / (4.35 + 3.65) = 0.456
For the order quantity to become optimal it shoud be greater than or equal to the CF.
Let's see when this happens:
Demand (dozens) Prob Cumulative Prob
5 0.25 0.25 < 0.456
10 0.45 0.70 > 0.456
15 0.20 0.90
20 0.10 1.00
This hapeens for 10 dozens of order size.
