WH Approach refers to the sets of moral rules that urges us to look at whom as an activity influences, the motivation behind the activity, and how we see it ethically.
The W in the WH framework for business morals stands for "who or the character of the stakeholders".
The H in the WH framework for business morals stands for "how or the avenues the firm will use to manage it to its ultimate choice".
The argument above is a deductive reasoning. A deductive reasoning draws a conclusion from a series of premises that are held to be true. The argument also employs no informal fallacy. The confusion lies though on the first premise if it is true.
Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.
<h3>What are the Three C's of Credit?</h3>
To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,
- Character
- Capacity
- Capital or Collateral.
Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.
Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.
Hence, the three C's of credit are explained above.
Learn more about the Three C's of Credit here:
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Answer:
Option B "functional strategy
" is the correct option.
Explanation:
- A functional approach or strategy is necessarily connected to operations and maintenance-level decision-making, also recognized as tactical changes.
- Those same tactical decisions were mostly applied to different operational departments such as business, research as well as development, human resources, warehousing, logistic support, amongst others.
And therefore this strategy demonstrates best the specific situation.
Country ABC shows that it has ABSOLUTE ADVANTAGE over Country XYZ.
The absolute advantages is proven when Country ABC was able to produce a unit of good 1 with fewer resources than Country XYZ.
Absolute advantage is different from comparative advantage.
Comparative advantage deals with opportunity cost. If a country is able to produce goods at lower opportunity cost than its trading country, then, it has comparative advantage.
