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:
D. Sandals
Explanation:
Sandals aren't a preferred clothing item when going into a workplace, it's more informal than the other options provided.
Answer:
This concept is called the opportunity cost.
Explanation:
The opportunity cost of any economic decision is the cost of giving up or sacrificing its alternative. We are aware that resources are limited and have alternative uses. We have to use these resources to satisfy unlimited wants and needs.
If we use resources for one purpose it cannot be used for another. So we have to make a decision on how to spend the resources, on which alternative use. If we select one alternative, we need to give up another. The cost incurred on sacrificing or giving up the other alternative is the opportunity cost of using the resource for the first alternative.
Answer:
D) $66,325
Explanation:
the total costs associated with a stockout are:
- probability of a back order 50% x cost of a back order $150 = $75
- probability of a lost consumer 25% x cost of a lost consumer $250,000 = $62,500
- lost gross margin = probability of a lost consumer 25% x $1,500 x 50 units x 20% = $3,750
total costs of a stockout = $75 + $62,500 + $3,750 = $66,325
Answer: As per the demographic structure there are equal no. of man and woman are same therefore pricing should be done by taking into consideration both equally.
Explanation: . The prime objective of every business is to maximize their profit and this could be only done when price charged for the product is reasonable. Thus, to secure the customer base company should sell simple microwave for $70 and the one with auto defrost $80. If the company places $70 for simple and $150 for auto defrost women might also not purchase the later one thus buy placing $70 and $80 on two types company will secure a strong base for males in simple microwave and additional male base of male in auto defrost along with females as the females will be having it at cheaper prices while some males may also purchase it as the auto defrost is suitably priced according to their valuation.
.
If the majority of shoppers is female then 480 should be priced for simple and $150 for auto defrost.
