Workplace ethics is the ethics we follow t the workplace. Professional ethics which is closely coined term is the ethics and code of conduct is concerning one's business or related to one's profession.
<u>Explanation:</u>
Ethics is literally defined as the behavior of an individual concerning one's work, personal life and one's dealing with others. These are the set of values and conduct of an individual while performing his or her duty at work or home or anywhere. Its the way one deal with others in his or her personal and professional life.
Workplace ethics of-late has become extremely imperative and sensitive term with the growing complexities and scope of business and commerce. Even government agencies and organisations have started implementing workplace ethics in a big way. Workplace ethics talks bout one's integrity, uprightness and honesty in transacting business and official dealings at work. Its the behavior of an employee shows while performing his or her duties. Its not secluded to just employees even employers in the changing business scenario has to follow and adhere by certain standards and meet certain guidelines.
Workplace ethics in other words re the set of parameters , regulations and standards which an employee as well as employer has to follow at work place . The core purpose of such ethics is to dd more transparency in the official discharge of duties , standing out as an example for competitors , setting standards for following for laws and being transparent.
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee.
Answer:
False
Explanation:
The contribution margin will be higher for the company with the highest fixed expenses. Contribution margin = selling price - variable cost
For example:
Company A Company B
sales price per unit $100 $100
total costs per unit $80 $80
variable costs per unit $50 $40
<u>fixed costs per unit $30 $40 </u>
contribution margin $50 $60
The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.
What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.
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