Answer:
C.
Explanation:
The term used to define standards of behavior that governs individual's and companies conduct is ethics.
The term ethics is derived from the Greek word ethos, meaning, way of living. Ethics comes under the rubric of philosophy and is related to the subject of human conduct, especially concerning the actions of humans towards the society.
Ethics are those moral principles in which the conduct of companies and human behaviors are anchored.
Therefore, the correct answer is option C.
Answer:
Accounting profit = $300
Economic profit = $-100
Explanation:
given data
sells = 100 bottles
selling cost = $10 each
labels = $700
make the ketchup = 20 hours
paid = $20 per hour
to find out
accounting profit and economic profit
solution
we get here Accounting profit that is express as
Accounting profit = Total Revenue - Total cost .................1
here Total revenue is = price × quantity
so Total revenue = 100 × $10
Total revenue = $1,000
so here put value in equation 1 we get
Accounting profit = $1000 - $700
Accounting profit = $300
so here
we get now Economic profit that is
Economic profit = accounting profit - implicit cost or opportunity cost ..............2
here Implicit cost is
Implicit cost = $20 × 20
Implicit cost = $400
put value in equation 2 we get
Economic profit = $300 - $400
Economic profit = $-100
Answer:
Inferior goods
Explanation:
When income increases customers tent to substitute normal goods for inferior goods, overall, inferior goods are the goods which customers demand after an increase in the income or whenever they get more money. For example, a person who drinks a regular cup of coffee (Normal good) might want a bigger cup of coffee (Inferior good) after an increase in income.
Answer:
a) 85%
b) 5%
c) 3.5%
Explanation:
Given;
Number of residents = 200 million
Labor force = 170 million
Unemployed = 10 million
a) Labor force participation rate =
or
Labor force participation rate =
or
Labor force participation rate = 0.85 or 85% (0.85 × 100%)
b) unemployment rate =
or
unemployment rate =
or
unemployment rate = 0.05 or 5% (0.05 × 100%)
c) Number of unemployed who became discouraged and stop looking for work = 3 million
Therefore,
The unemployed population = 10 million - 3 million
= 7 million
Thus,
new unemployment rate =
or
New unemployment rate =
or
New unemployment rate = 0.035 or 3.5% (0.035 × 100%)
Answer: The correct answer is "[C] Employ as an investment adviser a person who has been convicted within the past 10 years of a crime involving the securities business.".
Explanation: According to Federal Regulations, the SEC would have to issue an exemptive order before a mutual fund may <u>employ as an investment adviser a person who has been convicted within the past 10 years of a crime involving the securities business.</u>