Answer: Requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong, ethical or unethical.
Explanation:
An ethical issue is a point where an Individual/Organization has to make a decision on whether an action taken or yet to be taken, is right or wrong, ethical or unethical.
Answer: Quality Assurance with Quality Control
Quality assurance streamlines production and helps to ensure that the final products meet the company's quality criteria. It ensures that the processes used to design, test, and produce products will be done correctly.
Explanation:
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Answer:
Misstatement of age
Explanation:
Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.
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Answer:
The correct answer is C
Explanation:
Market failure is the situation of economic which is described as the inefficient distribution of the goods and services in the free market. Under this the incentives of the individual for rational behavior does not lead to the rational outcomes for the group of people.
The market failure occurs because of negative as well as positive externalities, lack of public goods, abuse of the monopoly power, environmental concerns, under provision of merit goods and over provision of demerit goods.
So, from the above options, the cause of the market failure involve the market power and the externalities.
Answer
Payroll Journal Entry
Explanation
A payroll entry is used to record the compensations paid to employees by the company. Payroll journal entries can be initial recordation, accrued wages or manual payments. This entry is prepared from the payroll register and it includes debits for labor, salaries and the firm’s fraction of payroll taxes.
