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k0ka [10]
3 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]3 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]3 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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ZanzabumX [31]
Criticism can be looked at in many different perspectives. Criticizing on one subject by looks may not bother you, but criticism about your athletic ability might make you feel negative about yourself. For me personally, I attempt to ignore the criticism and if not I express it to my friends.

4 0
3 years ago
The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost
coldgirl [10]

Answer:

Missing word<em> "and the cost of one point at the time of closing"</em>

<em />

Down payment = $260,000*15%

Down payment = $260,000*0.15

Down payment = $39,000

Amount of mortgage = $260,000 - $39,000

Amount of mortgage = $221,000

Cost of 3 point at the time of closing = 3% of amount of mortgage

Cost of 3 point at the time of closing = 3% * $221,000

Cost of 3 point at the time of closing = $6,630

8 0
3 years ago
Which statement(s) is (are) TRUE? I. Technological knowledge refers to the physical capital that is used to make goods and servi
uranmaximum [27]

Answer:

Option 2 is only correct.

Explanation:

The reason is that the physical capital is the physical assets used for production of goods and services whereas the Technological knowledge refers to the knowledge of increasing the productivity by utilizing physical capital. So these two statements were incorrect.

The second statement is correct because the better tools or technology we have the better we can produce. This means these technological tools helps workers to produce more so the statement is correct.

3 0
3 years ago
For a repayment schedule that starts at EOY four at ​$Z and proceeds for years 4 through 9 at ​$2Z​, ​$3Z​,..., what is the valu
Tamiku [17]

Answer:

$778.05625

Explanation:

The computation of the amount of repayment is shown in the attachment below:

Given that

Proceeds for year 4 through 9 at $2Z​, ​$3Z

The Principal of the loan amount = $10,000

Interest rate = 7% per year

Based on the given information, the value of Z or the amount of repayment is  

= Principal of the loan amount ÷ Total annuity

= $10,000 ÷ 12.85254119

= $778.05625

6 0
3 years ago
List the characteristics typical of a c corporation
Svet_ta [14]

Answer:

The five main characteristics of a c corporation are:

  1. limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
  2. corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
  3. double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
  4. corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
  5. corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.

Explanation:

3 0
3 years ago
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