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andrew11 [14]
3 years ago
8

In an organization, the processes by which decisions are evaluated and made on the basis of right and wrong constitute the _____

of the organization
A) Compliance-based structure
B) Strategic objective
C) Mission statement
D) Legal policies
E) Ethical Climate
Business
1 answer:
pychu [463]3 years ago
5 0

Answer:

Letter E is correct. <u>Ethical climate.</u>

Explanation:

The ethical climate is a relevant part of the organizational climate.

Each company has a code of ethics that must be shared equally by all employees. Therefore, decisions and actions should be based on this code, in order to comply with legal policies and social behaviors, reduce conflicts, reduce abuse of authority, and maintain a favorable and positive organizational climate for conducting organizational activities suitable and ideal for the well-being of all employees.

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Which of the following formulas is used to calculate the materials price variance? a.(Actual Price × Actual Quantity) – (Standar
GalinKa [24]

Answer:

b.(Actual Price × Actual Quantity) – (Standard Price × Actual Quantity)

Explanation:

The material price variance shows how favourable or otherwise the  actual material price is compared to the standard price. Where the actual material price is higher than the standard price, it results in an unfavorable variance and when the standard price is higher than the actual price, it results in a favourable variance.

The formula for the material price variance

= (Actual price - Standard price) × Actual quantity

= (Actual price × Actual quantity) - (Standard price × Actual quantity)

Hence the right option is b.

6 0
4 years ago
What is a​ firm's gross​ profit? A. the difference between sales revenues and cash expenditures associated with those sales B. t
miv72 [106K]

Answer:

B. The difference between sales revenues and the costs associated with those sales

Explanation:

The amount of profit made by the company after deducting the total costs which have been incurred in the making and the selling of the product is said to be gross profit. The gross profit is calculated by subtracting the amount of revenue and the cost of the goods sold. Fixed cost is not included in the gross profit. It includes only variable costs.

7 0
4 years ago
A company uses straight line depreciation for an item of equipment that cost $12000, had a salvage value of $2,000 and a five ye
timurjin [86]

Answer:

option (d) 2400

Explanation:

Data provided in the question:

Initial book value = $12,000

Salvage value = $2000

Useful life = 5 years

Thus,

Using the straight line method of depreciation

Annual depreciation = [Cost - Salvage value] ÷ Useful life

= [ $12,000 - $2,000 ] ÷ 5

= $2,000

Accumulated Depreciation for 3 years

= Annual depreciation × Time

= $2,000 × 3

= $6,000

Book value after 3 years = Cost - Accumulated depreciation

= $12,000 - $6,000

= $6,000

Remaining useful life = 2 years

Reduced Salvage value after 3 years = $1,200

Therefore,

Depreciable value of the Asset = Book value - Reduced salvage value

= $6,000 - $1,200

= $4,800

Revised depreciation to be charged every year

= Depreciable value of the Asset ÷ (Remaining useful life)

= $4,800 ÷ 2

= $2,400

Hence,

The correct answer is option (d) 2400

4 0
4 years ago
Best Bicycles Inc uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,00
nikklg [1K]

Answer:

It is more convenient to produce in house, so the  Best Bicycles makes the part, its operating income will be $140,000  

Explanation:

Given the information:

The cost of producing 43,000 parts is $140,000 :

  • fixed costs of $68,000
  • variable costs of $72,000

outside supplier for $3.80 per unit

avoid 30% of the fixed costs

As we know, the total costs if company bought is as following;

= Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000*$3.80 per unit)  + ($68,000*(100% - 30%))

= $163,400 + $47,600

= $211,000

=> the loss in income if the company decided to buy:

= the total costs if company bought - The cost of production

= $211,000 - $140,000

= $71,000

It is more convenient to produce in house, so the  Best Bicycles makes the part, its operating income will be $140,000  

8 0
3 years ago
A form of open innovation is ______, in which companies ask for opinions from a large and relatively undefined group of people o
Pavlova-9 [17]

Answer: Crowdsourcing.

Explanation:

A way of obtaining information or ideas from a large number of individuals for problem solving is Crowdsourcing. Crowdsourcing involves sourcing for information, ideas or resources from a large variety of users over the internet. In Crowdsourcing, various individuals team up to solving a common challenge.

5 0
3 years ago
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