Answer: The correct answer is D; Committing to a no-layoff policy and to adequate funding of employee retirement programs.
Each company has their own code of ethics and core values statements. A company can not guarantee that no lay offs will occur in the future. It would also be liable for the company to say that the retirement programs would be fail safe. Companies invest retirement money and can lose money just as well as make more money. However, a company can't fully guarantee that something may not happen in the future for the doors to close and they may go bankrupt or be sold to another firm.
If the company faces a bad year or less product demand, they may have to lay off workers. There is not going to be a guarantee that a company can't lay off workers because the future is unknown.
I believe the answer is D
Answer:
C. In a pure fixed cost structure, the unit selling price and unit contribution margin are equal.
Explanation:
In Accounting, cost behavior is an indication of how costs in a firm reacts to change in activity levels. There are basically three types of cost behavior; fixed costs, variable costs and semi-variable costs.
The relationship between cost behavior and profits are;
- A pure fixed cost structure offers more security if volume expectations are not achieved.
- In a pure variable cost structure, when revenue increases by $1, so do profits.
- A pure variable cost structure offers higher potential rewards.
Answer: Unit of account; Store of value; Medium of exchange.
Explanation:
Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.
Unit of account is measuring of the value of a product against another in terms of a specific currency.
Sam has $1,537 in his checking account. This is a Store of value.
Store of value means an asset or money can be saved and retrieved at a later time, for future use.
Sam writes a check for $1,299 is a medium of exchange.
Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.
