This scenario is an example of GROUP THINKING.
Group thinking refers to the psychological phenomenon which normally occur withing a team or a group of people as a result of desire for harmony and conformity within the group. In the process of conforming to the group, irrational decisions are usually made.
Answer:
Negligence
Explanation:
Negligence is the best theory for Trudy to base his arguments. Trudy will need to prove the following points to make his arguments persuasive.
- That steel company had a duty to install the shut-off switches.
- That the steel company breached that duty
- That his injury was a direct result of the breach of duty
- He suffered actual damages as a result of the negligence.
Answer:
7 reasons why businesses should be aware of the political legal environment are as follows:
1- Businesses do not cease to be part of a much larger environment, which is the nation as a whole, with which what happens in it will affect business to a greater or lesser extent.
2- Many times, the political interests of certain sectors can favor or harm certain businesses, with which businessmen must be attentive to those interests.
3- Politicians are the ones who give confidence in the country to foreign investors, with which their policies can increase or restrict competition from local investors.
4- The generation of employment that arises from a favorable political and legal environment means that businesses have the necessary workforce to maximize their production.
5- The political and economic stability allows the reinvestment of the profits of the entrepreneurs and their businesses.
6- The existence of productive development plans and other subsidies to productive companies can be used by businesses as a government aid to maximize their production.
7- In short, the stability of the nation will make it easier for businesses to prosper, while political stability usually entails economic stability.
Answer:
The estimated Bad Debt Expense for the current year is $5860
Explanation:
Wheeling Inc. uses the aging of accounts receivable method to estimated Bad Debt Expense for the current year is as follows;
Uncollected receivables = $5300
Doubtful Accounts = $560
Bad Debt Expense for the current year = Uncollected receivables + Doubtful Accounts
Bad Debt Expense for the current year = $5300 + $560
Bad Debt Expense for the current year = $5,860.
