Legal norms and ethical norms are not same and sometimes not agreeable also. Some ethical norms may be wrong legally but some legal norms may be wrong ethically.
<u>Explanation:</u>
The law is set of rules that guide our conduct in society and enforceable through public agencies. For business environment, law provides important guide to make ethical decision making. But sometimes the norms which are ethically right are illegal and sometimes legal norms are unethical.
The example of cases which are ethically right but legally wrong are cheating in taxes or driving over the speed limit or spitting by the road side. The example of cases which are ethically wrong but legal right are falsifying financials, misleading markets and many more.
Answer:That is, assets rise more slowly than GDP, and this drives the capital ratio up as GDP increases. Small banks also have a stronger relationship between capital ...
Explanation:
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Question Options:
A. The local government decides that the average commute time is 30 minutes.
B. The local government decides that the data provide convincing evidence of an average commute time higher than 30 minutes, when the true average commute time is in fact 30 minutes.
C. The local government decides that the data do not provide convincing evidence of an average commute time higher than 30 minutes, when the true average commute time is in fact higher than 30 minutes.
D. The local government decides that the data do not provide convincing evidence of an average commute time different than 30 minutes, when the true average commute time is in fact 30 minutes.
Answer: A type 2 error in this context will mean that The local government decides that the data do not provide convincing evidence of an average commute time higher than 30 minutes, when the true average commute time is in fact higher than 30 minutes.
A type 2 error in statistics is defined as a situation where a false null hypothesis is not rejected.
In this question, a false null hypothesis would that the average commute time for the elementary school in the district is higher than the average 30 minutes.
Answer:
His company had been going through a lot of transition in the past year because they wanted to improve their public image.
George made sure that the restaurant served all the dishes that were popular in the locality.
Explanation:
An "ethical leader" is concerned about the beliefs and values of people in the society. In order to adapt to locality, George has to consider the company's virtues by improving their public image. This will make their restaurants desirable. This can also be done if the restaurants will make sure <u>to know what the popular dishes are in the local area.</u> For example, if the people prefer "halal" food, then they'll be preparing halal foods as well. This is an ethical way of respecting the people's preference in the area.
So, this explains the answers.