Explanation:
1- Virtue Ethics: It can be described as an ethical approach that prioritizes the subjective and instinctive virtues shared by all human beings regardless of cultural traits. Emphasizes generosity, faithfulness, the sense of human generosity, character, and virtues coming from the mind.
An example of the ethical theory of virtue is an unknown person who needs some help and approaches another person who is readily available to help.
2- Duty-based ethics: It is ethics based on human rationality to exercise principles and ethical duty, regardless of positive or negative consequences for oneself.
An example of this ethical theory is entrepreneurs who use some strategies to achieve operational goals, but are aware that they must take responsibility not to exceed ethical values even if it is for the good of the business.
Answer:
Option (D) is correct.
Explanation:
Given that,
Revenue on account = $54,000
Cash collections of accounts receivable = $2,300
Expenses for the period = $52,100
company paid dividends = $450
Net income for the period:
= Revenue on account - Expenses for the period
= $54,000 - $52,100
= $1,900
Therefore, the net income for the period is $1,900.
Answer:
Break-even point in units= 13,300
Explanation:
Giving the following information:
Unitary selling price= $450
Fixed cost= $870,000
Unitary variable cost= $300
Desired profit= $1,125,000
<u>To calculate the units to be sold, we need to use the break-even point with desired profit:</u>
<u></u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (870,000 + 1,125,000) / (450 - 300)
Break-even point in units= 13,300
Explanation:
Crisis management corresponds to the process that managers will have to seek solutions for an organization to go through a period or a situation where there are negative risks to the business.
Crisis management is different from management during normal business conditions, since this is not a management whose focus is to generate positive results by achieving the objectives and goals, crisis management is the planning of action plans aimed at reduce or eliminate adverse situations in a company.
A good leader in a crisis management situation will have to essentially improve his communication skills and strategies, so that the negative effects of anti-crisis actions do not substantially affect employees and their rights, as it is a fact that many times when managing a crisis, the leader will need to reduce the headcount, or cut costs that can mean reduced wages or benefits. Therefore, in order to go through this difficult phase, it is necessary to plan, direct and assertive communication that encourages employees and motivates them to join forces so that integrated people can make the organization recover from the crisis.