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k0ka [10]
4 years ago
6

Solomon works in the finance department of a hospital operated by the country’s national health service. The hospital wishes to

expand its radiology department, and has put out to tender the construction of a new wing. Solomon has been given the task of summarising the terms of each tender for consideration by the Board.
One evening, at a family dinner party, Solomon learns that his uncle’s construction company is about to tender for the contract. Solomon’s uncle is clearly unaware of how closely involved Solomon is with the tender process, and talks informally with Solomon about the hospital, the quality of his company’s work, and how much his company would benefit from such a prestigious contract.



Before being drawn away to socialise with other guests, Solomon’s uncle mentions that the contract, if awarded to his company, would be very profitable and he is very optimistic, as he feels that the contract price at which his company intends to bid is quite low.

Solomon is very fond of his uncle, whose business has been struggling over recent years. 
He realises that his uncle would have a much better chance of winning the contract if he was made aware of the details of the other tenders.

What do you think about this?​
Business
2 answers:
DochEvi [55]4 years ago
7 0

Answer:

It would be unethical and a conflict of interest for Solomon to let his uncle in on the details because it would give his uncle an unfair advantage against the other bidding contractors. It's a form of nepotism

Explanation:

hope this helps have a great day

Snezhnost [94]4 years ago
7 0

Answer: Solomon is an employee of the hospital and his job is to work in best interest of the hospital. It would be unethical for him to award the tender to his uncle as there is a huge conflict of interest. Solomon must get into the contract at an arm's length.

Explanation:

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Answer: They typically focus efforts on low priority tasks.

Explanation:

1. Incentive and reward system helps the managers to regulate performance of subordinates in an effective and reasonable manner.

2. Reward and incentive system might result in unethical competition inside the organisation.

3.  Reward and incentive system is implemented by the organisation for completion of tasks that are of high priority.

4. Performance based incentive and pay motivate more effective individuals to work harder and team based incentive brings collective performance attitude in the organisation.

Thus, right answer is statement 3.

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4 years ago
Joao's Java Jungle sells cups of coffee. Joao pays each of his workers $50 per day while incurring a fixed cost of $100 and a va
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Answer:

Total cost= $100

Explanation:

Giving the following formula:

Joao pays each of his workers $50 per day while incurring a fixed cost of $100 and a variable input cost of $0.20 per cup of coffee for beans, cream, sugar, and paper cups.

I<u>f he does not hire any workers and does not sell a single cup of coffee, his total cost equals his fixed cost.</u>

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5 0
3 years ago
1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

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= $17.44 per hour

2. Now the overhead cost is

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For basic model

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Answer:

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