To minimize chances of accident when operating a personal watercraft, it is best to always monitor and check the pwc's engine to prevent any leakage or damage in a way that would be dangerous if had not check and had bee operated on. It is best to be mindful and cautious when operating the pwc, especially when you are around with other people with boats to prevent crashing.
Answer:
The correct answer is option D.
Explanation:
The ethical principles in business are not much different from the ethical principle in general. They are not separately based on some other special rules to judge business conduct. They are judged from the society's perspective of right and wrong.
There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.
Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.
Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.
Answer:
The journal entry is as follows:
Cash A/c Dr. $18,000
Equipment (Fair value) A/c Dr. $9,000
To N's capital $27,000
(To record the investment bought by Nichols)
Workings:
Cash contributed by Nichols = $18,000
Equipment's Book value = $6,300
Fair value of equipment = $9000
Nichols capital = $18,000 + $9,000
= $27,000
CPI does not fully account for such changes in consumer behavior is called
substitution bias
Explanation:
- When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called substitution bias
- Substitution bias describes a possible bias in economic index numbers
- If the consumer behavior do not incorporate data on consumer expenditures going from relatively more expensive products to cheaper ones as prices will change.
- Substitution bias is the price of a products when the consumer basket increases substantially, consumers tend to substitute lesser priced alternatives.
- Substitution bias is a genuine problem with a price index. Consumers can substitute goods in response to price changes.
