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Kisachek [45]
3 years ago
11

During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data con

tained in its customer databases to earn extra revenue for the business. As a long-time member of the ACM (Association for Computing Machinery), Franklin is opposed to the idea because it violates which of the following imperatives in the ACM code of ethics?
a. Avoid harm to others.
b. Be honest and trustworthy.
c. Honor property rights.
d. Respect the privacy of others.
Business
1 answer:
horrorfan [7]3 years ago
3 0

Answer:

The correct answer is D

Explanation:

When the company contains data of their customer, they have a responsibility of maintaining the accuracy as well as the privacy of the data which is provided to them.

So, the co- workers suggested to sell the data contained in the customer database in order to earn additional revenue, but the company is opposed to the idea as it is violating the ACM code of ethics, which is respect the privacy of others.

You might be interested in
A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $80 per tire, paya
Serhud [2]

Answer:

$-573.54

Explanation:

Present value is the sum of discounted cash flows.

Present value can be found using a financial calculator.

For the first supplier

Cash flow in year zero = 0

Cash flow in year 1 = $80 x 600 = $48,000

I = 8.1%

Present value = $44,403.33

For the second supplier,

Cash flow in year zero = $20,000

Cash flow in year one = $45 × 600 = $27,000

I = 8.1%

Present value =$44,976.87

Difference = $44,403.33 -44,976.87 = $-573.54

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0
3 years ago
Archer Construction Company began work on a $420,000 construction contract in 2017. During 2017, Archer incurred costs of $278,0
zheka24 [161]

Answer:

This a loss making contract of $33,000

Explanation:

Under I.A.S 11, The following steps are followed

<em>Step 1 - Determine Expected Outcome of the Contract </em>

Project Value - 420,000

Cost to date -  (278,000)

Cost to complete - (175,000)

Outcome of Contract is Loss of $33,000

<em>Step 2 - Determine the amounts to be recognized in Income Statement for Profit, Revenue and Cost .</em>

Cost to date -  278,000

Contract Loss  (33,000)

Revenue (Balancing Amount = $245,000

<u>Journal Entries</u>

Dr  Cost expended to date - 278,000

Cr      Revenue to date -             245,000

Cr      Loss                                      33,000

b) Percentage Completion Method

Stage of Completion %  = (Costs incurred to Date / Total Contract Costs )*100

278,000/453,000 = 61.36%

Revenue recognizable = 61.36% * Contract Value = 257,712

Cost to date  =................................................................. = 278,000

Loss to Date (balancing figure)................................... =   20,288

<u>Journal Entries</u>

Dr  Cost expended to date - 278,000

Cr      Revenue to date -             257,712

Cr      Loss                                      20,288

8 0
3 years ago
7. What is the advantage of binding things as early as possible? What is the advantage of delaying bindings?
denpristay [2]

Answer:

1. early binding enhances performance

2. late binding gives flexibility

Explanation:

this is generally the advantage of early binding. early binding gives room for better efficiency

.This is because it would be needless to reanalyze every time whenever something is declared. Early binding is for performance.

meanwhile late binding is known to have better flexibility and gives room for more polymorphism. this binding gives extension to runtime.

3 0
3 years ago
A new advertising agency serves a wide range of clients including manufacturers, restaurants, service businesses, department sto
sweet-ann [11.9K]

Answer:

C. Job - order costing

Explanation:

Job - order costing -

It is used by the organization , when the goods and services of the organization are readily identifies by separate batches or units .

The agency that will advertise accumulates its cost through the client .

The method of job - order costing is the most apt system for a non - manufacturing firms .

Hence , from the data of the question , the correct answer is ( C ) Job - order costing .

8 0
3 years ago
In this question, assume that all variables other than price and quantity are held constant.
serg [7]

Answer:

A. The price reduced by 0.115%

B.  Betty can expect her total revenue to increase.

C.  The demand reduced by 43.32%

D. Patty can expect her total revenue to increase.

 Explanation:

A.

The price elasticity of demand can be expressed as shown below;

P.E=%Q/%P

where;

P.E=price elasticity of demand

%Q=percentage change in the quantity demanded

%P=percentage change in price

In our case;

P.E=305

%Q=35%=0.35

%P=unknown, to be determined

Substituting;

305=0.35/P

305 P=0.35

P=0.35/305=0.00115

%P=0.0011×100=0.115%

The price reduced by 0.115%

B.

Determine the initial and final revenue and compare to illustrate if the revenue increased or reduced.

Initial Revenue=initial unit price×initial quantity demanded

where;

Initial unit price=p

Initial quantity=q

replacing;

Initial Revenue=p×q=pq

Final Revenue=final unit price×final quantity demanded

where;

final unit price=(p-0.115% of p)=p-0.00115 p=0.99885 p

final quantity demanded=(q+35% of q)=(q+0.35 q)=1.35 q

Substituting;

Final revenue=(0.99885 p)×(1.35 q)=1.348 pq

Final revenue-Initial revenue=1.348 pq-pq=0.348 pq

Betty can expect her total revenue to increase.

C.

Using the same expression as above;

P.E=%Q/%P

where;

P.E=0.57

%Q=unknown, to be determined=0.01 Q

%P=76%=76/100=0.76

Substituting;

0.57=0.01 Q/0.76

0.01 Q=0.57×0.76

Q=(0.57×0.76)/0.01

Q=43.32%

The demand reduced by 43.32%

D.

Initial Revenue=initial unit price×initial quantity demanded

where;

Initial unit price=p

Initial quantity=q

replacing;

Initial Revenue=p×q=pq

Final Revenue=final unit price×final quantity demanded

where;

final unit price=(p+76% of p)=p+0.76 p=1.76 p

final quantity demanded=(q-43.32% of q)=(q-0.43 q)=0.57 q

Substituting;

Final revenue=(1.76 p)×(0.57 q)=1.0032 pq

Final revenue-Initial revenue=1.0032 pq-pq=0.0032  pq

Patty can expect her total revenue to increase.

 

5 0
3 years ago
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