Answer:
Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.
Explanation:
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<u>Answer:</u> Sunk cost
<u>Explanation:</u>
Sunk cost means the expense which has been already met by the firm and they cannot be recovered at any rate. Sunk costs are not based on the future decisions as these expenses for the firm are the same irrelevant to the project which it is assigned. Sunk costs are not a part of the budget plan.
In the given scenario the delivery company has spent $3500 in order to upgrade the truck. So $3500 is treated as sunk cost in the proposed project.
Answer:
Net income will decrease by $400,000
Explanation:
Currently this business unit is generating a net loss of $150,000:
total revenue - variable expenses - fixed costs = $700,000 - $300,000 - $550,000 = -$150,000
if the unit is eliminated, then the revenue and variable expenses will be gone, but the fixed costs will be allocated to other business units. So instead of losing $150,000, the company will lose $550,000. The company's net income will decrease by $550,000 - $150,000 = $400,000
Answer:
The thrust of their concern is biasness and the fact that people would not be able to make informed decisions.
Yes I agree with this concern
Explanation:
Today so many media stations and outlets are owned by different corporations or conglomerates. So it is very possible that these media outlets are influenced by the corporations Which own them.
The main concern of critics is that these media outlets would begin to put forward biased contents and they would stop serving the public when they overlook the shortcomings of these corporations. Thereby making people unable to make informed decisions which is crucial for democracy.
Corporate media is actually a good idea since it creates a healthy competition. What is necessary is a check by the government so as to avoid biasness. Making publication of real news and enhancing informed decision making.
Answer:The increase in the supply of crops had decreased price by a greater percentage than the percentage increase in the quantity of sales.
Explanation:
An increase in supply leads to a fall in price due to large volume of goods supply compare to non increasing demand and when the rate of fall is greater than sales this will not lead to a rise in revenue despite the increase in effective supply to the market.
