Here are the complete sentences:
The main purpose is to benefit the PUBLIC, so the directors must consider the impacts of their decisions on society and the ENVIRONMENT. Shareholders have an additional right to private action called a DERIVATIVE SUIT, that allow them to sue the corporation for failure to pursue the purpose. Finally, benefit corporations must issue an annual BENEFIT REPORT on its performance and include a third party standard of assessment.
Explanation:
A Benefit corporation refers to a type of corporation that is established to create value for both the society and the environment in which it is located. Although, one of the goal of the company is to make profits, it differs from a traditional corporation because, it is main purpose it to add value and provide benefits for those that are connected to it.
Thus, the major purpose of a benefit corporation is to add values to the public and the environment. In order to ensure that this goal is kept in view, the corporation has to publish benefit report every year, in order to show their performance and their adherence to the company goals. The report must be endorsed by a third party in order to show that its contents are true and accurate.
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Answer:
cool
Explanation:
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Answer:
Ethics
Explanation:
Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.
Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.
If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.
Answer:
1. Trade off
2. Opportunity cost
3. Cost-benefit analysis
4. Diminishing marginal utility
Explanation:
1. Giving up one benefit or advantage to gain another regarded as more favorable is called trade-off. Every economic decision involves some trade-off.
2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.
3. Cost-benefit analysis can be defined as the process of examining the benefits and costs of each available alternative in arriving at a decision. Resources are allocated efficiently if the cost incurred and benefit earned is equal.
4. As we go on increasing the quantity consumed of a product, the marginal utility or satisfaction earned from its consumption goes on decreasing. This is called diminishing marginal utility.
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They would receive a 2 point moving violation.
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