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3 years ago

What is the difference between general and applied ethics

Business

1 answer:

Snezhnost [94]3 years ago

5 0

Answer:

The answer is below

Explanation:

Both General ethics and Applied Ethics are part of philosophical knowledge in understanding humans and their society.

Hence, the difference between general and applied ethics is:

General ethics is a philosophical term that is used to describe the theory of values in human activities. It deals with answering the controversial questions of human morality by establishing the idea of good and evil, right and wrong.

On the other hand, Applied Ethics is a term used in philosophy to describe a branch of ethics that is established to answer the issue of moral dilemmas, strategies, and operations in individuals' life, organizations, technology, and state.

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Management by exception:

iragen [17]

Management by exception holds that only those issues that are significantly deviating from the normal course of action need to be looked at. If the deviations are minor or are likely due to random chance, then management does not need to worry about it at the time. None of the choices presented properly give this definition.

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3 years ago

Pottery Crane Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of ca

harkovskaia [24]

Answer: See explanation

Explanation:

a. Direct material = 4 × 33300 = Make $133200 ; Net income increase

Direct labor = 5 × 33300 = Make $166500 ; Net income increase

Variable costing= 0.61 × $166500 = Make $101565 ; Net income increase

Fixed manufacturing = Make 43100 ; Buy 43100 ;

Purchase price = 13.16 × 33300 = Buy $438228 ; Net income decrease

Total annual cost:

Make: $444365

Buy: $481328

Net income decrease = $36963

b. No, Pottery Ranch should not buy the finials. There's an incremental cost of $36963.

c. Incremental revenue = $50,367

Incremental cost = $36963

Incremental revenue = $50367 - $36963 = $13404

In this case, it should be bought.

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3 years ago

The largest Herfindahl-Hirschman index possible is _____, and the industry is a(n) _____. 10; monopoly 10,000; monopoly 100,000;

Fofino [41]

The largest Herfindahl-Hirschman Index that an industry can get is 10,000 and the only industry this is possible in is a Monopoly.

The Herfindahl-Hirschman Index (HHI) is calculated by summing the squares of the market shares of the various companies in an industry.

In a monopoly, a company could have a 100% market share. When this happens, the HHI would be:

= 100 ²

= 10,000

In conclusion, the highest HHI is 10,000 and this can only happen in a monopoly.

Find out more at brainly.com/question/4563430.

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2 years ago

Moyas Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $310,000 and its net opera

MissTica

If fixed expenses totaled $108,000 for the year, the break-even point in unit sales was:21, 600 Units

Explanation:

The Break Even Point in units is 21,600units.

We follow the below steps in order to arrive at the answer:

First we find Total variable costs of Moyas Corporation

Net operating income=Sales-variable cost-Fixed cost

47000=310000-variable cost-108000

Variable cost=310000-108000-47000

Variable Cost=155000

Next we find the number of units sold

No:of unit sold= Total Sales/Selling price per unit

No:of unit sold =310000/10=31,000

Then we find Variable Cost per unit

Variable cost per unit=Total Variable cost/Number of unit sold

Variable cost per unit=155000/31000=5

We calculate Contribution Margin per unit

Contribution Margin per unit =Selling price per unit-Variable cost per unit

Contribution Margin per unit = 10-5= 5

Finally we calculate Break Even Point (BEP) in units as:

BEP=Fixed cost per unit/Contribution Margin per unit

BEP=108,000/5=21600 Units

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3 years ago

Which statement is true about risk-based financing?

tino4ka555 [31]

Risk-based financing is a way that lenders determine your interest rate for a loan based on how likely you are to repay that loan.

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3 years ago

What is the difference between general and applied ethics​

What is the difference between general and applied ethics