Variations in each product a firm markets in its mix are referred to as the ____

Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One em

rjkz [21]

Answer:

3. How does the action I am proposing to take make me feel about myself?

Explanation:

According to Norman Vincent Peale, the following questions should be asked by Jake as he proceeds to make an ethical decision: How does the action I am proposing to take make me feel about myself?

According to Kenneth Blanchard and Norman Vincent Peale, authors of The Power of Ethical Management, there are three questions you should ask yourself whenever you are faced with an ethical dilemma:

1. Is it legal? Will I be violating civil law or company policy? Will I be violating the student code of conduct?

2. Is it balanced? Is it fair to all parties concerned both in the short-term as well as the longterm? Does it promote win-win relationships?

<u>3. How will it make me feel about myself? Will it make me proud? Would I feel good if my decision was published in the newspaper? Would I feel good if my family knew about it? </u>

4 0

3 years ago

Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income

soldi70 [24.7K]

Answer:

B. Cost of goods sold will be too low by $5,000.

Explanation:

Overstatement in closing inventory has two effects. First in income statement, that the cost of goods sold is decreased by the same amount that is overstated. Second is overstatement of Inventory value in the asset section of balance sheet. According to the given scenario The effect of this event should be as cost of goods sold will be too low by $5,000.

4 0

3 years ago

One approach to understanding corruption perceptions is to compare information across a variety of countries. Your company has h

Ne4ueva [31]

Explanation:

A major problem in investing in the countries of South America are the problems arising from corruption, political instability and bureaucratization.

There are also many positive points that make large companies operate in such countries, such as Brazil, for example, which is a large country with enormous potential for consumption and also local and government incentives for setting international companies in the country.

However, it is essential that companies operate in these countries having knowledge of the real local situation in terms of the main problems occurring in the country, such as corruption, which can lead to significant problems for the company's business.

It is important, therefore, that there is an accurate internal control over the businesses and the corruption-related indexes and an active and regular monitoring of data essential to the business.

It is also important to have policies and an internal culture aimed at maintaining ethical values, so that the company is supported by positive and ethical values that will lead to a good positioning in the market.

4 0

3 years ago

Park Sung Inc. is a fictional South Korean manufacturer of refrigerators. The company produces at its manufacturing plant in Bus

Murrr4er [49]

Answer:

The answer for each requirement is given separately below.

Explanation:

What is the economic production quantity (EPQ)?

EPQ = ((Annual Requirement * setup cost *2)/Carrying cost per unit)^(1/2)

= ((30,000 * 50 *2)/3^(1/2)

= 1000 Units

a. What is the average inventory level for this optimum production quantity?

Average Inventory level = EPQ/2 = 500 units

b. How many production setups would there be in a year?

Production setups = Annual Usage /EPQ = 30 set ups

C. What is the optimal length of production run in days

length of production = Total Requirement/production per day

= 30,000/275

=110 days approx

d. What would be the savings in annual inventory Cost if setup costs can be reduced to US$40 per setup?

If set up cost reduce to $40 than EPQ = 895

So Set up cost = 30,000/ 895 * 40 = 1,360

Carrying cost = 883/2 *3 = 1,325

Total Cost = $ 2,685 -A

If set up cost $50 than EPQ = 1000

So Set up cost = 30,000/ 1000 * 50 = 1,500

Carrying cost = 1000/2 *3 = 1,500

Total Cost = $ 3,000- B

Saving = B-A = 315 Dollars

4 0

3 years ago

Lesley Torres is a project manager for the campaign "Action against Deforestation in Indonesia." She recently faced a glitch w

andrew11 [14]

Answer: (A) Controlling

Explanation:

According to the given question, Lesley Torres is the project manager in an organization and she organized a campaign against the deforestation in the Indonesia.

She performing the controlling function by managing all the schedules and also implementing the given process.

The controlling is one of the main function in the management as it ensure all the activities performed accurately and also helps in planning all the activities in an organization. It basically helps in meet the desirable goals of the company by setting a standard performance.

Therefore, Option (A) is correct answer.

8 0

3 years ago

Variations in each product a firm markets in its mix are referred to as the _____ of its product mix.