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Arte-miy333 [17]
3 years ago
11

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society

is associated with Group of answer choices Adam Smith. Archie Carroll. Jack Ma. Noel Biderman Milton Friedman.
Business
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer:

Milton Friedman.

Explanation:

Milton Friedman is an American economist born on the 31st of July, 1912 in New York, United States of America. Milton is a Nobel laureate for his notable work on monetary history and theory, consumption analysis and the complexity of stabilization policy.

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Milton Friedman.

This ultimately implies that, most business firms have a mission of producing goods and services that meets the need or requirements of the consumer, as well as generating profit to the business firm.

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1. Explain why the title for a major OSHA is "Walking and Working Surfaces" instead of simply "Floors". Name 10 different walkin
svlad2 [7]

Answer: The title for a major OSHA is "walking and working surfaces" instead of " floors" is because walking and working surfaces includes horizontal and vertical surfaces such as floors, roofs, stairs, ladders, elevated walk ways, and use of falls protection systems. It is not limited to only floors therefore it cannot be titled as "floors".

Explanation:

10 different walking and working surfaces includes

1. Floors

2.stairs

3. Roofs

4. Ladders

5. Ramps

6. Scaffold

7. Elevated walk ways

8. Harness belts

9. Rescue equipment

10. Safety lineyards

5 0
3 years ago
How should the davises react to adidas' planned acquisition of reebok? what aspects of new balance's operations strategy should
stealth61 [152]

Answer:

Reduce the suppliers to 2-3 and have long term relationships with them. They should employ an ERP across the functions for better communications

Explanation:

Adidas and Reebok are the two biggest companies in the world that produce sport outfits. Adidas bought over Rebook in 2005 but wanted the new subsidiary to continue to operate under their unique brand name.  

However, there are certain aspects of New Balance’s operations strategy they should change which includes the following;

1. The ecosystems of suppliers they have should be trimmed down to three, for better and effective long-term relationships with the sole aim of cost reduction.  

2. The should also commence the use of Enterprise resource planning (ERP), a business process management software that will help them maintain better communication across functions and be able to always evaluate pipeline to know the varying requests made by customers.  

6 0
3 years ago
Kevin and Bob have owned and operated SOA as a C corporation for a number of years. When they formed the entity, Kevin and Bob e
S_A_V [24]

Answer:

Assets                  FMV                  Adjusted Basis       Built-in Gain

Cash                    $200,000         $200,000               $0

Inventory             $80,000           $40,000                  $40,000

Land and Bldg    $220,000         $170,000                 $50,000

total                     $500,000

A) Since SOA is making a liquidating distribution, it will be taxed as if they sold their assets at fair market value:

  • distribution of the inventory results in a $40,000 ordinary gain = $40,000 x 30% = $12,000 in taxes
  • distribution of the land and building results in a $50,000 Sec. §1231 gain = $50,000 x 30% = $15,000 in taxes

total recognized gain = $90,000 (= $40,000 + $50,000)

B) After taxes are paid, SOA's total assets = $500,000 - $27,000 = $473,000 which must be divided equally between Kevin and Bob. Each owner should receive $236,500.

So Kevin's gain = $236,500 - $100,000 = $136,500

8 0
3 years ago
Which type of borrowing option would most likely result in the borrower
Mrrafil [7]

Answer:

B. A card with a high compound interest rate

Explanation:

A.P.E.X

8 0
3 years ago
Read 2 more answers
Explain how the looting of shops and malls will affect businesses in terms of the relationship between the social responsibility
Reil [10]

Businesses decrease their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.

The bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:

  • economic growth
  • social welfare
  • environment impact

Similarly, businesses need to follow the Triple bottom line in these ways:

  • Making profits
  • Making sure that there is positive social welfare on their part.
  • Maintain ecological footprint

Thus, by the looting of shops and malls, the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.

Learn more about social responsibility and Triple bottom line here: brainly.com/question/1339420

8 0
3 years ago
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