Answer:
The answer is b) how technology is best used in the production of goods and services
Explanation:
The concept of welfare economics is used in the context of the Economy and public finances. It is defined as the branch of the economy that tries to determine the conditions that are needed to reach the maximum of social welfare. For this, the conditions are established to maximize production with a given amount of resources and optimization of the distribution of goods and services, analyzing the policies pursued in the achievement of goals that are considered desirable from the point of view of well-being.
Answer a
The stakeholder in this situation arer as follows =>
1. Scott
2. Managemnet of a Company
3. The Financial Community.
Answer b
Ethical Issues are ;
Loyalty of Scott towards Company and its management.
He should excercise due vigilence while making projections for sales.
Answer c
Possible Actions are
1. Ignore the matter
2. Inform then Boss or Management.
3. Inform the boss and follow the standard procedure
I would have told the management of the error I made if I were in his place, showing my integrity and loyalty to the company without realizing that my integrity might jeopardize my promotion. But being ethical and trustworthy will also benefit me in the long run.
The answer is capital budget or capital budgeting. This is the procedure in which a business decides and assesses potential costs or ventures that are extensive in nature. These uses and speculations incorporate activities, for example, fabricating another plant or putting resources into a long haul venture. These significant capital purchases are real estate, plant expansions, manufacturing equipment, or technology.
Direct marketing is often the approach of choice in markets with insufficient or underdeveloped distribution systems.
Direct marketing, selling at once to the patron through the mail, by means of a cellphone, or door-to-door is regularly the approach of choice in markets with insufficient or underdeveloped distribution structures. The technique, of direction, also works well inside the maximum affluent markets.
Direct marketing is a form of speaking a proposal, where companies talk at once to a pre-decided client and deliver a method for an instantaneous reaction. Among practitioners, it is also referred to as direct reaction marketing. By means of comparison, advertising is of a mass-message nature.
Direct advertising and marketing include any advertising that is predicated on direct communique or distribution to personal clients, as opposed to thru a 3rd birthday party including mass media. Mail, e-mail, social media, and texting campaigns are many of the delivery systems used.
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