Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.
Explanation:
Utilitarianism is a ethical theory which talks about the right and the wrong actions of an individual.This theory advocates that the action that brings happiness to the society and also increases the utility in the society as a whole is called a morally correct action.
This theory was proposed by Jeremy Bentham and John Stuart Mill.
In simple words an action is termed as right if it promotes happiness in the society and is termed bad it it brings unhappiness in the society
So we can say that Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.
Answer:
d. synonyms for price.
Explanation:
All the stated items (attorney fees, entrance fees, train fares, and organisation dues) are all prices.
Price is the amount that is paid for a particular good or service performed.
When fixing a price usually there is an offer and acceptance of the amount to be paid for goods or services.
Also payment can be made upfront like the case of train fare. While in other instances payment may be deferred as is seen in attorney fees and organisation dues.
Price can also change when one party grants concession to the other, for example loan rebate where the debtor is given price relief.
Answer:
<u>An 'increase in supply' means the supply curve has shifted to the right while an 'increase in quantity supplied' refers to a movement along a given supply curve in response to an increase in price.</u>
Explanation:
Answer:
The correct answer is option D.
Explanation:
External economies of scale can be defined as the situation when the average cost of production is reduced due to growth of industry as a whole. It can also be referred as the external benefit of expansion of the industry.
It is generally associated with a perfectly competitive industry. While internal economies of scale is generally associated with imperfectly competitive markets.
