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siniylev [52]
3 years ago
5

Define ethics and law and show how they are different and similar.

Business
1 answer:
VikaD [51]3 years ago
5 0

Answer: The law sets minimum standards of behavior while ethics set maximum standards. Laws are created and enforced by governments based on society's ethics to mediate our relationships with each other and to protect their citizens.

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The Fitness Studio, Inc.’s 2018 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $6
Morgarella [4.7K]

Answer:

$40,000

Explanation:

Given that,

EBIT = $538,000

Interest expense = $63,000

Net income = $435,000

EBT = EBIT - Interest expense

       = $538,000 - $63,000

       = $475,000

Tax reported in Income statement:

= EBT - Net income

= $475,000 - $435,000

= $40,000

Therefore, the 2018 taxes reported on the income statement is $40,000.

8 0
3 years ago
2. Which two of the following are most likely to be advantages of taking on a
Mariana [72]

Answer:

A).The franchisor provides a tried and tested product to sell

C ). The franchisee receives ongoing help and support from the franchisor

Explanation:

A franchise is an arrangement where an established and successful business person( franchisor) licenses a third party( franchisee) to set up an independent branch similar to the franchisor business. The franchisor permits the franchisee to use their brand name, colors, processes, and procedures and sell their products. Therefore, the franchisee's branch will be similar in all aspects to the other franchisor's branches.

The franchisor provides technical, operational,  and managerial support to the franchisee. The franchisee pays an initial fee and a percentage of monthly sales to the franchisor to open a franchise business.

3 0
3 years ago
Producing one yard of cloth requires 3 worker and 1 capital, while producing one pound of food requires 1 worker and 2 capital.
Afina-wow [57]

Answer:

d. 3QC + QF = 720

Explanation:

The labor constraint is the resource limitation in terms of labors. If labor resource is scarce then production schedule needs to prepared with special attention to utilize the resource in best possible way. The labor constraint  is 3QC + QF = 720 for the ROW.

5 0
3 years ago
The 3 types of partnerships are general partnership, unlimited partnership and unlimited liability partnership. Please select th
Rufina [12.5K]
True, Because The 3 Types Of The Partnerships Are General Partnerships, Because They Are Unlimited Partnership Because Of The Liability Partnership.
6 0
3 years ago
____________ result(s) from factors such as manufacturing products in very large quantities, buying inputs in bulk, or making mo
Delicious77 [7]

The question is incomplete, it lacks option.

A) Brand loyalty

B) Demographic forces

C) Political forces

D) Brand positioning

E) Economies of scale

Answer:

Economies of scale

Explanation:

Economies of scale can be described as a reduction in cost, this occurs when companies increases the rate of their production.

Economies of scale can also be reffered to as a process whereby an organization becomes more efficient and therefore reduces the costs of their products.

Economies of scale can be greatly influenced by a large amount of capital which is made available to companies to improve their various operations.

4 0
4 years ago
Read 2 more answers
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