Answer:
b. cultural relativism
Explanation:
Cultural relativism refers to the ideology that what applies to current situation do not necessarily apply to another situation also.
As in the given instance the Shangrilah Sandals make grease payments in their own country as it is a developing country, but do not practice the same in another country called US as it is a developed country.
As the income of people in that country is high they do not believe in taking or accepting grease payments.
Thus, the correct option is:
b. cultural relativism
Answer:
planning
Explanation:
Based on the information provided within the question it can be said that in this scenario Jim is using the function of planning in order to determine this. The planning management function focuses on thinking ahead in order to set things into motion so that everything functions accordingly and efficiently in the future. Which is what Jim is doing by stating that in order to increase the production by 20% like they need, they have to hire 10 new employees.
Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.
<h3> What is an accrued expense?</h3>
Accrued expenses are expenses that are recorded as account payable under the current liabilities section and it is recorded as an expense in the income statement of a company or individual balance sheet.
Example of accrual accounts is accounts payable and receivable, and future interest expense.
Therefore, If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.
Learn more on accrued expenses from
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