After determining the marginal cost and the marginal benefit of an option, the next step is to DECIDE WHICH IS GREATER: MARGINAL COST OR MARGINAL BENEFIT.
If the marginal benefit is greater than the marginal cost, then it is better to proceed with the option.
If the marginal cost is greater than the marginal benefit, then it is better to retain the status quo.
Ethical decision making guidelines
This is a three-advance approach that offers future business chiefs moral rules that give a tried and true boost to moral thinking in business setting .
It isn't simply business chiefs yet additionally partners, clients , investors and also employees can apply the WPH way to deal with most moral issues. The structure gives a pragmatic procedure suited to the every now and again complex moral quandaries that contemporary representatives must address rapidly in the present and tomorrow's universe of work
Answer:
GDP is less than their GNP
Explanation:
Based on the information provided within the question it is safe to say that the countries GDP is less than their GNP. This is because GNP refers to the value of all the goods and services produced by the citizens of the country regardless where the goods or services are being sold, while the GDP only refers to all production inside of a country including foreign countries products.
Answer:
Nigeria employs a combination of tariffs and quotas for the double purpose of taxing international trade for revenue generation and protecting local industries from highly competitive imports. The country's tariffs are determined by the ECOWAS 2015 – 2019 Common External Tariff (CET) Book.Sep 14
Explanation: