The statement that individuals have social responsibilities regarding their ethical behavior in the business world is True.
This is because, individuals Social responsibility have a way if affecting the ethical behavior, in business and society as a whole.
<h3>What is Social responsibility?</h3>
Social responsibility can be explained as a responsibility of individuals as well as companies as regards their duty in order to act in the best interests of the society.
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A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is called a market survey.
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What is a market survey?</u></h3>
- A market survey is a survey research and analysis of the market for a certain good or service that looks at consumer preferences.
- A review of various client capabilities, including investment characteristics and purchasing power. Market research surveys are instruments for directly obtaining feedback from the target market to comprehend their traits, expectations, and needs.
- For emerging goods and services, marketers create innovative and interesting strategies, but their efficacy cannot be guaranteed.
Marketers must identify the features and product categories that the target audiences would readily accept for these to be successful. By doing this, a new path can be guaranteed to succeed.
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The drawee is a lawful and investment term used to define the party that has been focused by the depositor to pay a definite amount of money to the individual presenting the payment. A classic instance is if you are encashing a paycheck. The bank that cashes your check is the drawee, so in this case Southern Rock is the Bank is the drawee and the employer is the drawer.
option a is correct because Outlining will help construct and organize ideas in a sequential manner and thoughtful flow. Doing so allows you to pick relevant information or quotes from sources early on, giving writers steady foundation and groundwork when beginning the writing process.
Answer:
Difference between traditional costing method and activity based costing method is mentioned as follows:-
- Traditional costing method is the technique in which products are implemented with indirect cost according to overhead rate whereas activity based costing relatively assign cost to product according to their activity in consumption.
- Traditional costing has easy implementation at low cost but activity based costing is costly and complex.
- Accuracy of traditional costing is low as compared with activity based costing