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lions [1.4K]
3 years ago
14

Which ethical approach typically focuses on the attainment of fair and equitable distribution of economic goods and services?

Business
1 answer:
SVETLANKA909090 [29]3 years ago
4 0

Answer:Social justice theory

Explanation:Social justice is a concept which encourages fair and just relationship in terms of how wealth, opportunities are distributed amongst society and individuals.

It encourages that no one shall be deprived of equal access to certain resources and thatg everyone must get their share and thatt shall not be taken away from them.

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Watts Corporation made a very large arithmetical error in the preparation of its year-end financial statements by improper place
daser333 [38]

Answer:

a prior period adjustment

Explanation:

A prior period adjustment -

It is the correction of the accounting error which took place in the past and was written in the prior year of financial statement , net of the income taxes , is known as a prior period adjustment .

It is the method to fix the previous problem of past during the reporting .

hence , the correct term fro the given statement is a prior period adjustment .

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3 years ago
What will probably happen when the price of a product goes down?
Irina-Kira [14]

Answer: (D) More will be able to pay for that product

Explanation:

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3 years ago
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Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at the garage sale he's planning
Delvig [45]

The complete question is as follows:

Dan owns an autographed copy of a Brittany Spears CD that he values at $100. If he sells the CD at the garage sale he’s planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. If he sells it on eBay, it will be sold to a buyer with a reservation price of $500. eBay will charge Dan $50 to auction the CD, which just covers eBay’s opportunity cost of running the auction. Relative to selling the CD at his garage sale, auctioning the CD on eBay will lead:

A. to no change in total economic surplus.

B. total economic surplus to increase by $500.

C. total economic surplus to increase by $275.

D. total economic surplus to increase by $100.

Answer: C - Total economic surplus to increase by $275.

In this question, we only need to consider producers' surplus since we're considering the various options for Dan to sell his CD.

We calculate Producer's Surplus as follows:

Producer's surplus = Market Selling Price - Economic Cost.

Economic costs not only refers to explicit costs like cost of the CD, but also includes opportunity costs. Since we need to calculate producer's surplus when Dan sells on Ebay, we need to consider the following costs:

Value of the CD = $100

Ebay's opportunity cost that Dan will have to bear = $50

Profit Dan would've received in garage sale = $75 ($175 - $100)

Among the three expenses listed above, the profit Dan would've got in the garage sale is considered the <u>implicit cost or opportunity cost.</u>

Substituting the values we have in the equation above, we get,

Producer's Surplus = 500 - (100+50+75)

Producer's Surplus = 275

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A phone call to a government official by an employee of the enron corporation disclosed the deception and dishonesty of the firm
UNO [17]
This employee played the role of a: whistleblower.
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3 years ago
Financial reporting by not-for-profit, nongovernmental entities should provide information useful in: a) Assessing management st
kari74 [83]

Answer:

D. All of the above

Explanation:

Financial reporting by not-for-profit, nongovernmental entities should provide information useful in Assessing management stewardship and performance, Assessing services and the ability to continue to providing services, Making resource allocation decisions.

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