Answer and Explanation:
Situation 1: a) I would tell the janitor thanks, but no thanks. It would be wrong to cheat in the exam.
Situation 2:(c) I would decide to go buy a copy of the software myself for $300 and hope I would be reimbursed by the company in a month or two. Getting a copy of the software for the price would guarantee that are no copyright infringement problems which would affect the company and my job as well. Management would be happy at my dedication as I am willing to go an extra mile for the company and would likely reimburse me for expenses
situation 3: (b) I would inform the customer and declare voluntary bankruptcy. It is important that I inform the customer and let him know why the shipment didn't go through. Customers appreciate honesty and trustworthiness of sellers. He may be willing to help the company not declare bankruptcy by ordering anyways. However it is more important to not cheat the customer than it is for business to go bankrupt.
Answer:
You should include why they should choose you and your good qualities
Answer:
2) privatization is becoming a driving force for global marketing.
Explanation:
Privatization refers to the step in economy where all the industries which were under the authorization of government license are now available for private sector.
That means all the people in private sector, that is private or public companies can run the same business, and are allowed not to involve any government body in such sector anymore, as there is no compulsion.
Also provided when this privatization happened companies tend to grow the performance in economy, as sales increased for each privatized item, and the sector is now growing rapidly.
Therefore, statement 2 is correct.
Answer: D) can assume the firm is not using the most efficient technology
Explanation:
The profit maximizing point of production for a company is the point where the marginal cost of production equals the marginal revenue. At this point, resources are being fully utilized efficiently to produce goods and any increase in production quantity would result in a loss.
In this case however, the company is at the profit maximizing quantity and still making a loss (selling price is less than average total cost). This can only mean that the company is not utilizing resources efficiently and this can be due to a lack of efficient technology.