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2 years ago

In the ethical decision making process, moral imagination is used by decision makers while ________.

1 answer:

7 0

In the ethical decision making process, moral imagination is used by decision makers while they consider available alternatives to make an effective decision.

<h3>Ethical decision-making process</h3>

It is essential that this process is guided by the company's set of policies and requirements, which are in compliance with legal norms and promote the development of organizational systems.

Therefore, decision makers need to identify the nature of the decision and the necessary information that will help to consider the available alternatives for the decision to develop possible resolutions and the assessment of the impact of their decision.

The choice of ethical decision must always be prioritized in favor of maintaining organizational transparency that generates greater reliability and positioning in the market.

Find out more information about decision making process here:

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The term ___________________ is used to describe the common pattern whereby each marginal unit of a consumed good provides less

Phantasy [73]

Answer:

diminishing marginal utility.

Explanation:

The term diminishing marginal utility is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.

In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

<em>For example, buying a chocolate bar and eating it may satisfy your cravings but eating another one wouldn't give you as much satisfaction as the first due to diminishing marginal utility. </em>

3 0

3 years ago

A Perfectly competitive firm’s entire marginal cost curve is its short-run supply curve." Is this statement true or false?

Sphinxa [80]

Answer:

False.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.

3 0

3 years ago

Bombeck Inc. has the following transactions during August of the current year. Indicate (a) the effect on the accounting equatio

Ksenya-84 [330]

Answer: Please see answers in explanation column

Explanation:

Date Accounts titles and explanation Debit Credit

Aug 1 Cash $5000

Common Stock $5000

--Since this is an investment by the owner of the business . When the business is gaining cash, it is being debited as it is an asset which is always debited with increase. Also there will be an increase in the owner's Equity Account leading to crediting the Common stock (equity) account.

Date Accounts titles and explanation Debit Credit

Aug 4 Prepaid Insurance $1800

Cash $1800

--The insurance paid in 6 months advance is an asset for the business. As stated above when asset increases, it is debited in the account journal So, prepaid insurance account is being debited . Also,since cash is being reduced as it is used for payment for insurance, it is credited in the accounts journal.

Date Accounts titles and explanation Debit Credit

Aug 16 Cash $1,900

Service Revenue $1,900

--The amount of $1,800 is the revenue for service rendered and since it is an equity account which increased revenue, we credit it. Also, since cash is being received, because it is an asset, debit is recorded on the cash account.

Date Accounts titles and explanation Debit Credit

Aug 27 Salary Expense $1000

Cash $1000

--Payment of salary is an expense to any business and paid from the business Cash Account causing a decrease in the Cash, since Cash is referred to an asset , because of its decrease, we credit the Cash Account. Also, the salary expense account is debited because it is increasing

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3 years ago

A private company is preparing to sign the engagement letter. who would most likely sign this letter?

iris [78.8K]

The people who would most likely to sign the engagement letter are:

a. Officer/s of the professional firm
b. Client/s

The engagement letter is an agreement between these two parties who are to engage in specific terms. Terms would most likely involve compensation packages and how the services are to be rendered.

7 0

3 years ago

Bob reads a circular from the Department of Human Health and Safety. It recommends a lower intake of salt as a measure to preven

STALIN [3.7K]

Answer:

Selective distortion

Explanation:

Selective distortion is the phenomenon where people interprete information based on their previous beliefs. This occurrence makes it difficult for such people to be influenced to make a purchase through advertisements.

This challenge to marketing also applies to selective attention and selective retention.

In this instance Bob reads a circular from the Department of Human Health and Safety recommending lower salt intake to prevent health problems. Because his grandmother still adds salt and remains healthy, Bob discards this information as being untrue.

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4 years ago