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Kay [80]
3 years ago
10

Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. Executives knew there was a problem with the

device but continued selling it for years. Better attention to Johnson & Johnsonâs ________ might have saved the company from litigation and penalties.
Business
1 answer:
Marat540 [252]3 years ago
6 0

Answer:

The correct word for the blank space is: Code of ethics.

Explanation:

A Code of Ethics is a collection of principles and guidelines an organization expects its employees to follow. Such codes are important to organizations as they lay down the agreed behavioral rules. A code of ethics sets out the expected conduct to be followed by professionals at all levels.

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Answer:

b. $2,720,000

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The contribution margin is what is left after subtracting the variable cost from the sales.

From there, the company pays their fixed cost and the rest is net income.

In this case you have a company desiring to get 720,000 net income after paying their 2,000,000 fixed cost

So we come up with with formula:

Contribution Margin - Fixed Cost = Net Income

Replacing the know values, we get the unknow value. Like it was a solve for X question:

X - 2,000,000 = 720,000\\X = 2,000,000 + 720,000\\X = 2,720,000

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