Answer:
True
Explanation:
This is true because The Matrix of Change can help managers identify the critical interactions among processes and deal with these issues
1. how quickly should the change proceed
2. in what order should changes take place,
3. whether to start at a new site, and
4. whether the proposed systems are stable and coherent. But the disadvantages of the Matrix is that it is limited in size.
Currently, our system is characterized by a lack of fit between what the customer wants and what the SCM system is best able to provide. As a result, which of the following would apply? I. The only way to restore fit is for the firm to change the market segment it is going after. II. Unless something is done, our firm will not be the most effective and efficient long-term supplier. III. Any firm can successfully counter such inconsistencies through the use of patents and aggressive advertising. I only. II only. III only. I and II only. I, II, and III.
Answer:
II only
Explanation:
As a result of lack of fit between what the customer wants and what the Supply Chain Management (SCM) system is best able to provide, unless something is done, the firm will not be the most effective and efficient long-term supplier.
The firm has to remove the bottlenecks between what the customer wants and the supply chain management, so as to be the most effective and efficient long-term supplier of goods and services.
If the world price of textiles is higher than Vietnam’s domestic price of textiles without trade, then Vietnam Select one: a. has a comparative advantage in textiles. b. should produce just enough textiles to meet its domestic demand. c. should import textiles. d. should refrain altogether from producing textiles.
Answer:
has a comparative advantage in textiles.
Explanation:
Comparative advantage occurs when a particular country has the capability to produce a particular product at a lower cost than any other country.
If a country is capable of producing a particular product at a reduced cost this will lead to an increase in demand for such product thereby leading to an increase in the revenue.
Vietnam has a comparative advantage in the production of textiles because they are able to produce it at a low opportunity cost.
Answer:
a. has a comparative advantage in textiles.
Explanation:
If the world average price of textiles is higher than the domestic price in Vietnam, it means that Vietnam has a comparative advantage in producing this good, because textiles are cheaper to make in Vietnam than in the average country of the world.
Textiles are cheaper to produce in Vietnam under this scenario either because labor is cheaper, capital is cheaper, or a combination of both. For this reason, Vietnam should produce more textile goods, in other to meet its domestic demand, and to export.
A regional airline owns 10 aircraft and employs 20 pilots. The airline makes an average of three trips per day with each of its 10 aircraft. The aircraft and their ground crews are idle part of the day. Minimum rest requirements for its pilots mean that if the airline wants to increase its flights, it must hire more pilots. The decision to hire more pilots is:
Answer:
a short-run decision because the number of aircraft is held constant while the labor input is changed.
Explanation:
In the short run, at least one variable or factor of production is fixed and cannot be changed. In the long run, all factors of production can be changed.
In this case, the number of aircraft is the fixed factor of production (capital) while labor is variable because more pilots can be hired. Regulation state that pilots must rest a certain amount of time in between flights, so if you want to increase the amount of flights you need to hire more pilots and cabin crews since regulations do not require planes to rest.
Final answer:
The decision to hire more pilots is necessary for the regional airline to increase its flights and meet the demand. Hiring more pilots allows the airline to expand its operations and potentially increase revenue.
Explanation:
The decision to hire more pilots to increase flights is a strategic decision for the regional airline. Since each aircraft makes an average of three trips per day, there is a limit to the number of flights the airline can offer with its current pilot workforce. If the airline wants to increase its flight frequency, it needs to hire more pilots to comply with the minimum rest requirements. By hiring more pilots, the airline can expand its operations, offer more flights, and potentially increase its revenue.
Ron just started working for a car wash company two weeks ago. Ron's team members come back from breaks late, and do not worry too much about the best quality job. How should Ron respond?
A) Follow his team members example since they have worked at the car wash longer
B) Tell the owner how poorly the other team members are performing
C) Continue to come back from breaks on-time and do the best job possible
D) Tell his team members that they are a bunch of losers
Answer:
I would say B would be the best answer.
Explanation:
You shouldn't try to push it onto yourself to fix, the owner/manager to fix the problem!
When Carol was 8 years old, her mother died. As an adult, Carol has no memories of attending her mother's funeral. Which ego defense mechanism in Freud's theory would best account for the fact that Carol has no memories of this upsetting event?
1. Represssion
2. Undoing
3. Projection
4. Displacement
Answer:
1. Represssion
Explanation:
Repression represents the primary ego defense mechanism because other personality systems use the couple with different strategies. Damon didn't know. When we consciously and deliberately try to overcome the musk, it is oppression. Coitus, or rough ejaculation or thought from one's mind despite the fact that it can be reactivated in symbolic shape.For every $100 in assets, a bank has $40 in interest-rate sensitive assets, and the other $60 in non-interest-rate sensitive assets. The same bank has $50 for every $100 in liabilities in interest-rate sensitive liabilities, the other $50 are in liabilities that are not interest-rate sensitive. If the interest rate on assets increases from 5 to 6 percent, and the interest rate on liabilities increases from 3 to 4 percent, the impact on the bank's profits per $100 of assets will be:
Answer:
the bank's profits will decrease by $0.10 per $100 of assets
Explanation:
increase in revenues increase in expenses
$40 x 5% = $2 $50 x 3% = $1.50
$40 x 6% = $2.40 $50 x 4% = $2
+$0.40 + $0.50
if the interest rates increase, the bank's revenues will increase by $0.40 for every $100 worth of assets, but its expenses will also increase and in a higher proportion. The bank's expenses will increase by $0.50, so the net change will be $0.40 - $0.50 = -$0.10 or $0.10 less profits
Heinz revolutionized the industry when it introduced its inverted bottle because consumers had complained for years about how hard it was to get out that last bit of ketchup. The company spent three years designing the convenient container, which is equipped with a vacuum cap that stops dry ketchup from forming around the lid. Which of the following packaging objectives does this exemplify? Multiple Choice promote usage aesthetic communication harmony protection
Answer:
A. Promote Usage
Explanation:
Packaging involves the process of designing, evaluating and producing a container to be used in protecting and handling a product. Packaging involves majorly designing and then producing the designed container in which the product is kept in for various reasons. Reasons may include, protection, transportation, branding, ease of usage and so on. In this case, the redesigning of the ketchup bottle to produce and packaging material was to promote the usage. The new packaging bottle helped promote usage of ketchup with great ease, revolutionizing the industry.
What is not a criterion that influences manufacturing plant or warehouse facility location decisions?
Answer:
Historical cost
Explanation:
Historical cost is a cost recorded in a company's book at the original value it was purchased, thus not considered as a factor that influences manufacturing location. Example of historical cost is original value of an asset (like the land where the warehouse facility will be located)which is recorded in the company's records.
The following are criterion that influences manufacturing plant or warehouse facility location decisions;
- Labour quality: The quality of labour in an area determines if an industry will be established in that area.
-Business climate: Another factor to be considered is the business climate. Is the location good enough for business activities?
-Proximity to consumers: Owners of companies also consider how close their firm would be to the buyers before they choose certain location for the establishment of their business.
-Country's infrastructure: Some foreign firms consider if the local country they want to invest in has necessary infrastructure before they make their decisions.
-Others are Suppliers, Tariffs and customs duty etc.
Suppose you have a $15 gift certificate usable in three different restaurants in which you can eat lunch. Your only goal is to eat in the restaurant so that you can have as much of your $15 left over to take home as cash. This is an example of:
Answer:
A technological choice
Explanation:
Here, what you care about is taking the dollar home in form of cash not necessarily the free lunch in the restaurants. This is an example of technological choice.
Real GDP equals $200 billion, the government collects 20% of any increase in real GDP in the form of taxes, and the marginal propensity to consume is 0.8. If the government increases spending by $10 billion, real GDP will increase by:
A) $10 billion.
B) $20 billion.
C) $27.8 billion.
D) $50 billion.
Answer:
If he government increases spending by $10 billion, real GDP will increase by $27.8 billion. The right answer is C.
Explanation:
In order to calculate how much the real GDP will increase, we have to calculate the Expenditure multiplier with the following formula:
Expenditure Multiplier = [1/(1-MPC(1-tax)]
Expenditure Multiplier = [1/(1-0.8(1-0.2)]
Expenditure Multiplier = [1/(1-0.8(0.8)]
Expenditure Multiplier = [1/(0.36)]
Expenditure Multiplier = 2.778
So, an increase in G by $10 billion will increase real GDP by $10 x 2.778 = $27.8 billion.
Suppose the marginal propensity to consume is equal to 0.75. If the government lowers tax rates and tax revenue falls by $100 million, then disposable income will increase by________ million and consumption spending will initially increase by ________ million.
Answer:
$100; $75
Explanation:
Given that:
Tax revenue falls by 100 million dollarsmarginal propensity to consume (MPC) is 0.75.Due to the fall in tax revenue, disposable income will increase by the same amount, that is, $100 million.
Consuption spending will initially increase by $75 million, as shown below:
= MPC × tax revenue fall
= 0.75 × $100,000,000 = $75,000,000
B2B Advertising Group of answer choices is the only form of mass selling is also called sales promotion is concerned with promotion using samples, coupons, and contests involves direct spoken communication between sellers and potential customers. is any paid form of nonpersonal presentation of ideas, goods, or services by an identified sponsor.
Answer:
C. B2B advertising is concerned with promotion using samples , coupons, and contests.
Explanation:
Business to business advertising is a form of sales promotion which occurs between two businesses rather than between a business and consumers. It requires more skills and efforts as the target audience are usually the workers in the other organization. For example, a company that produces school uniforms, might take some samples of their products to a school while advertising.
A business employing this sort of advertising wants to promote its services or products to another organization. They could employ the use of samples, and coupons to make the marketing more effective.
Duration gap analysis:_________.
a) is a refinement of basic gap analysis that accounts for interest-rate changes over a multi year period.
b) is a refinement of basic gap analysis that accounts for how long a gap will last.
c) is a complement to basic gap analysis that accounts for the effect of interest rate changes on market value.
d) is a complement to basic gap analysis that accounts for the influence of partially rate-sensitive assets.
Answer: is a complement to basic gap analysis that accounts for the effect of interest rate changes on market value. (C)
Explanation:
The duration gap is an accounting and financial term that is typically used by pension funds, banks, or other financial institutions in order to measure their risk as a result of changes in the interest rate.
When the duration of liabilities is more than the duration of assets, the duration gap is negative and when the duration of liabilities is less than the duration of assets, the duration gap is positive.
You post a notice at school that you will sell your laptop computer for $600. A buyer comes by your room to look at it while you are gone and your roommate sells it for $500, thinking you would be happy with that price, which you did not authorize.
Which of the following statements is/are true?
a) You must accept the deal because your roommate had implied authority.
b) You must accept the deal because people living together have power of attorney.
c) The deal cannot be void because there was no consent.
d) You can accept the deal by express ratification only.
e) None of the above
Answer:
e) None of the above
Explanation:
Agency refers to a relationship between a principal i.e the person who allows another person i.e the agent to act on his behalf and allow him to do such acts which the principal in the ordinary course himself would.
Agency can be express or implied. In the former case, the agency agreement is executed and terms and conditions between the two parties are specified in written form.
In case of implied agency, the agency is implied from the conduct of both parties i.e their relationship.
Ratification of an agreement or a contract refers to making it valid by formal approval or confirmation of terms by both parties, in the same sense and in the same context.
In the given case, an individual posted a notice for sale of laptop for a certain price. During his absence, the same laptop was sold by his roommate for a lower consideration than specified by the individual.
Herein, the individual did not authorize the roommate to sell the laptop. Thus, the individual may approve i.e ratify the action of roommate expressly, if such a formal agreement exists or via implied ratification wherein the individual accepts the consideration of $500 without objecting to the roommate's action.
Many apartment-complex owners are installing water meters for each apartment and billing the occupants according to the amount of water they use. This is in contrast to the former procedure of having a central meter for the entire complex and dividing up the collective water expense as part of the rent. Where individual meters have been installed, water usage has declined 10 to 40 percent. This decline in water usage has declined 10 to 40 percent. Explain that drop, referring to price and marginal utility.
Answer:
The law of diminishing marginal utility and law of demand explain the decline in water usage by the residents or occupants,in this case.Explanation:
In Microeconomic Theory,the law of diminishing marginal utility basically states that as a rational consumer or buyer consumes additional or one more unit of any product or service,the incremental or additional utility or satisfaction obtained from that per unit consumption or purchase decreases progressively.Now,law of diminishing marginal utility has a conceptual connection with law of demand,which denotes the inverse or negative relationship between price of any normal good or service and its consumer demand.It implies that as price of any normal good or service increase,its consumer demand decreases and vise versa.Now,observe that according to law of diminishing marginal utility,the additional or incremental consumer utility or satisfaction declines for per unit consumption,which essentially implies that the additional or marginal value of any normal product or service that the consumer is willing to pay decreases as he or she increases the consumption level.Therefore,the willingness to pay for any consumer decreases progressively as he or she increases consumption level.This also explains that to increase the consumption level of any buyer or consumer,the product or service price has to decrease and vise versa.In this case,as the residents use more units of water,the marginal utility or satisfaction obtained by the residents declines increasingly and so does the value they are willing to pay for more water usage.Now,installation of water meters compels the residents to pay for every unit of water they use and since the marginal utility of water drops with each unit of water usage,the price that the residents are willing to pay also drop for each additional unit of water that they use. In other words,the residents don't want to pay more and thus,they restricted their water usage.Therefore,the water usage also declined following the installation of water meter.Final answer:
The substantial decline in water usage upon introducing individual meters in apartment complexes can be attributed to the economic concepts of price and marginal utility, as residents become more conscious of their consumption due to the direct costs associated with increased usage.
Explanation:
The decline in water usage of 10 to 40 percent upon installing individual meters for each apartment can be explained by the economic principles of price and marginal utility. When water costs are included in the rent, there is a flat fee regardless of usage, leading to higher consumption because individuals do not directly bear the cost of extra usage. However, when individual meters measure consumption, and occupants are billed for their actual usage, the direct cost of consuming more water becomes apparent. This leads to more conscious decision-making regarding water usage, as each additional unit of water consumed (the marginal utility) now has a direct cost associated with it. Consequently, residents may take shorter showers, avoid leaving the tap running, and make other adjustments to reduce their water consumption. This behavior is consistent with the economic theory that an increase in the price of a commodity (or making its cost more transparent) will generally lead to a decrease in its consumption as consumers weigh the marginal utility of additional usage against the marginal cost.
If a bond portfolio manager believes __________. Group of answer choices A. in market efficiency, he or she is likely to be a passive portfolio manager D. A and B B. that he or she can accurately predict interest rate changes, he or she is likely to be an active portfolio manager C. that he or she can identify bond market anomalies, he or she is likely to be a passive portfolio manager
Answer:
A. in market efficiency, he or she is likely to be a passive portfolio manager D. A and B B. that he or she can accurately predict interest rate changes, he or she is likely to be an active portfolio manager
Explanation:
If a bond portfolio manager believes in market efficiency, he or she is likely to be a passive portfolio manager; and if he or she can accurately predict interest rate changes, he or she is likely to be an active portfolio manager.
Final answer:
A bond portfolio manager who believes in market efficiency will likely adopt a passive management approach, whereas one who thinks they can predict interest rate changes or spot anomalies will opt for an active management style. These styles affect how mutual funds and other investments are handled, with portfolio investments being more liquid and potentially less involved than foreign direct investments.
Explanation:
If a bond portfolio manager believes in market efficiency, he or she is likely to be a passive portfolio manager, which means they invest with the assumption that it is difficult to outperform the market consistently through active management due to markets being efficient and thus, prices reflecting all available information. On the other hand, if the manager believes that he or she can accurately predict interest rate changes, or identify bond market anomalies, he or she is likely to be an active portfolio manager. Active managers make investment decisions based on market trends, economic conditions, and other factors with the goal of outperforming the market average or a specific benchmark.
Understanding these concepts is essential when considering investments in mutual funds, which are professionally managed investment programs. They offer advantages such as liquidity and the potential for diversified portfolios, which aim to provide increased expected returns without a proportional increase in risk, although they can be costly. The contrast between portfolio investments and foreign direct investments (FDI) exemplifies the different strategies and timelines investors may use. Portfolio investments can be liquidated much faster than FDIs, which may involve managerial responsibilities and longer-term plans.
As a result of a decrease in the value of the dollar in relation to other currencies, U.S. imports decrease and exports increase. Consequently, there is a(n): increase in aggregate demand. increase in short-run aggregate supply. decrease in the quantity of aggregate output supplied in the short run. decrease in the quantity of aggregate output demanded.
Answer:
The answer is A. increase in aggregate demand
Explanation:
Decrease in imports and decrease in exports infer net exports are positive, meaning the country is exporting more than it is importing. As a result, demand for goods and services is higher and aggregate demand rises. Aggregate demand rises because more foreign consumers have access to this goods or services in addition to the local demand.
Which marketing strategy using the product-market grid involves targeting separate product lines for unique segments?
Final answer:
Product differentiation is the marketing strategy that targets separate product lines to different market segments, enabling companies to offer variety and creating monopolistic competition.
Explanation:
The marketing strategy that involves targeting separate product lines for unique segments is known as product differentiation. This strategy utilizes the product-market grid to identify opportunities to provide distinct products for different market segments. Product differentiation is a crucial action taken by firms to make consumers perceive their offerings as different from competitors' products.
Product differentiation can reflect various aspects, such as style, flavor, location, and characteristics. It creates a perceived value among consumers, leading to monopolistic competition. By offering a diverse array of products, companies can meet the specific needs and preferences of different customer segments, moving away from a perfectly competitive market scenario where products are undifferentiated.
A country's economic data indicates that there has been a substantial reduction in the financial capital available to private sector firms. Which of the following most likely had the greatest influence on this economy?
A. especially large and sustained household saving
B. increased borrowing by private firms
C. reduction in influx of funds for foreign financial investors
D. especially large and sustained government borrowing
Answer:
D. especially large and sustained government borrowing
Explanation:
When a government spends more than it collects in taxes, it runs a budget deficit. When the government starts borrowing large sums too much, it can substantially facilitate the reduction in the financial capital available to private sector firms, as well as lead to trade uncertainties and even financial crises.
A consumer is reading a magazine with an advertisement, but due to a loud sound he is distracted from reading the advertisement and is not able to grasp its key points. In the context of the communication process, this unplanned static or distortion is called ________.
Answer:
Noise
Explanation:
Noise is defined as any factor that interrupts communication process. It is anything that distracts the reader or listener from comprehending a message that is been passed across. It serves as a barrier to the communication process. In this case, the barrier to communication for the reader is a loud sound which is a factor of noise. Noise can either be a physical sound like in this case or a mental disturbance coming from the brain.
Ben and Kate had been negotiating Ben's employment contract in conversations over the phone for a couple of weeks.Finally, they agreed on some contract terms.Kate offered to create a draft of the contract for Ben to read over.On the same day Ben was fired from his job.Afraid he would be unemployed, Ben signed Kate's draft without reading it.In this example Ben:
A)can avoid the contract because of mistake by failure to read.
B)can avoid the contract because he was the victim of economic duress.
C)cannot avoid the contract because of economic duress or failure to read.
D)may rescind the contract because of unilateral mistake
Answer: C. cannot avoid the contract because of economic duress or failure to read.
Explanation: Economic duress in contract happens when one of the party threatens to pull out or cancel a contract if the other party do not agree to his demand. It occurs when the other party is left without any other option and his stuck, but had to agree to the new terms of the contract.
In this case Ben signed the contract without reading it because he was sack for his current job, putting him in a tight situation.
The researchers at beans inc., a coffee manufacturing company, developed a new variety of high-quality ground coffee. the new variety was priced at a comparatively lower price than those available in the market. therefore, the advertisements for the product stated, "the highest quality coffee does not have to be expensive." this is an example of communicating a product's _____.
a. marketing mix
b. product parity
c. competitive advantage
d. competitive parity
Answer:
c. competitive advantage
Explanation:
-Marketing mix refers to the internal strategy developed by a company to market its product based on four factors: price, place, promotion and price.
-Product parity is a product that is similar to other products in the same category.
-Competitive advantage is the feature that allows a company to have a better performance than its competitors.
-Competitive parity is when a company achieves the same performance that the competitors have.
According to this, the answer is that this is an example of communicating a product's competitive advantage because the lower price is the feature that would allow the company to differentiate from the competition.
In one of the case studies in the textbook, Marcus Lane, a geologist for an environmental management and engineering services firm, traveled all over North and South America as part of his job, resulting in numerous expense reimbursements. Unfortunately, Lane went too far and began to double book his air travel using his personal credit card. He booked two separate flights to the same location, but with a huge cost difference. He used the cheaper ticket for the actual flight and returned the more expensive ticket for credit. And, of course, he submitted the more expensive ticket for reimbursement. How was his scheme detected
Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements
Explanation:
Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.
He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.
The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.
When people move from adolescence to adulthood, they reevaluate their moral standards and move from moral decision-making based on authority to standards based on their personal principles. This is an example of _________.
Answer:
The answer in this case,would be Evolving Sexual Philosophy.Explanation:
As any individual moves from adolescence to adulthood, he or she experiences a profound and intensive psychological and emotional transformation.Moving to adulthood also implies certain changes or modification in the decision making processes or mechanisms and cognitive and discretionary principles of an individual.As advocated by Evolving Sexual Theory of Philosophy,compared to adolescence, the decision making and discretionary processes and procedures of any individual involves more of personal choices,preferences,mindsets and thought processes. This can also be biologically driven by certain hormonal and physical changes in the individual.The adolescent mind is primarily driven various moral and ethical standards that are taught by or acquired from the surrounding environment. However, certain intensive changes in the hormonal functioning,sexual evolution and psychological,emotional and cognitive maturity develops personal judgments and principles which eventually dictates the decision making procedures during the adulthood phase.The process of reevaluating moral standards during the transition from adolescence to adulthood, eventually basing moral judgement on personal principles rather than authority or societal norms, is a depiction of the post-conventional stage in Kohlberg's Theory of Moral Development.
Explanation:When individuals transition from adolescence to adulthood and begin to develop their own personal moral standards, they are moving through stages in what is known as Kohlberg's Theory of Moral Development. This theory is comprised of three main levels: pre-conventional, conventional, and post-conventional moral reasoning. As we grow and mature, we theoretically progress through these stages.
When children are very young (pre-conventional stage), their morality is mostly influenced by authority figures and fear of punishment. As they age and move into adolescence (conventional stage), their moral decisions start to be influenced by societal norms and the desire to meet expectations. Upon reaching adulthood (post-conventional stage), individuals ideally start to base their moral choices on their own personal principles and ethical standards, which may not always align with societal norms.
It's important to remember, as Lawrence Kohlberg himself emphasized, that an individual may not solely operate at one level at all times. They may make some decisions based on personal principles (post-conventional), while still making other decisions based on societal expectations (conventional).
Learn more about Kohlberg's Moral Development Theory here:https://brainly.com/question/21193013
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Jessica experienced an increase in her income by 10% this year. In the same year, Jessica's quantity demanded of milk increased by 10% and her quantity demanded for bread increased by 5%. This means that for Jessica: a milk is a normal good, but bread is an inferior good. b both milk and bread are normal goods. c milk is an inferior good, but bread is a normal good. d milk is a normal good, but bread is a Giffen good. e both milk and bread are inferior goods.
Answer:
b both milk and bread are normal goods.
Explanation:
Jessica's demand for bread and milk increased as her income increased. This implies that both milk and bread are normal goods.
A normal good is a good for which demand increases as income rises and demand decreases as income falls.
Final answer:
Jessica's demand for both milk and bread increased as her income increased, indicating that for her, both are normal goods. Neither milk nor bread is an inferior good in her case.
Explanation:
Jessica experienced an increase in her income and consequently in the quantity demanded for both milk and bread, by 10% and 5% respectively. According to the definitions provided in the chapters on Demand, Supply, and Elasticity, the behavior of the quantity demanded for goods in response to income changes determines if a good is normal or inferior. A rise in quantity demanded with an increase in income signifies that a good is a normal good. Since Jessica's demand for both milk and bread increased, this implies they are both normal goods. Inferior goods would see a decrease in quantity demanded with an income increase, which is not applicable to Jessica's situation.
The realities of international marketplace and the recognition of the importance reducing uncertainty have persuaded many courts: I. To accept choice of law and forum clauses in international contracts II. To require mandatory arbitration clauses in international contracts
Answer:
I. To accept choice of law and forum clauses in international contracts
Explanation:
The realities of international marketplace and the recognition of the importance reducing uncertainty have persuaded many courts to accept choice of law and forum clauses in international contracts.
The contentions that (1) many of the same standards of what's ethical and what's unethical resonate with peoples of most societies regardless of local traditions and cultural norms and (2) to the extent there is common moral agreement about right and wrong actions, common ethical standards are can be used to judge the conduct of personnel at companies operating in a variety of country markets and cultural circumstances are defining beliefs of:________.
A. the school of ethical relativism.
B. the school of ethical universalism.
C. integrated social contracts theory.
D. the School of Morally Correct Thinking and Behavior in Paris, France.
E. the Global Code of Ethical and Social Morality developed in 1925 at a worldwide convention of distinguished religious clerics.
Answer: (B) The school of ethical universalism
Explanation:
The ethical universalism is on of the type of ethical based concept in which their is one of the common moral agreement about the right and the wrong action on the basis of the given behavior across the various types of countries.
The importance of the ethical universalism is to provide the justice of equal right among all the people in the society and each person are treated in equal manner.
According to the given question, the school of ethical universalism is one of the common ethical standards which is used to judge the different types of cultural circumstances and the variety of markets. Therefore, The given cultural circumstances is basically defining the beliefs of the ethical universalism.
Therefore, Option (B) is correct answer.
Cherokee Cable Corporation, sells heavy wire cable to large construction companies around the country. Customers pay shipping from a central warehouse in Dallas. Recently, a new competitor in Atlanta has been taking away some of Cherokee Cable's southern customers. If Cherokee Cable wants to compete in those distant markets, but not increase the cost of its product to other customers, it would probably switch to _________.a. zone pricing.
b. specifying "F.O.B. Dallas" in its contracts.
c. uniform delivered pricing.
d. freight absorption pricing.
e. None of the above would help Cherokee Cable Corporation with its problem.
Answer:
The correct answer is d. freight absorption pricing.
Explanation:
The freight absorption pricing means Cherokee must charge the price increase by a factor so that the customer does not perceive that they are paying a higher price for the cables. This strategy is effective when you want to compete directly in the market, achieving sustained demand behavior. If Cherokee Cable does nothing in this situation, it is most likely that it will lose a large part of the market due to product price issues.
Answer:
D) freight absorption pricing.
Explanation:
Freight absorption pricing strategy is a type of geographic pricing strategy, where the company absorbs some or all of the freight costs for specific geographical markets.
In this case, Cherokee Cable knows that they are having trouble in southern states near Georgia, so they will probably start absorbing some of the freight costs to clients located in those states. The problem wire cable sellers face is that besides being heavy loads, they are also large, so the freight costs are probably high. The Atlanta competitor has the advantage of being closer, and therefore, the total costs for the clients are much lower.
Finwes is an advertising company. Because of certain untoward incidents in the company, the management decides to create a formal written document that would guide the employees in making right decisions in various professional situations. In this scenario, the management wants to create a _____.
Answer:
The correct answer is Code ot Ethics.
Explanation:
A code of ethics is a document that establishes general guidelines that must be followed when situations of any kind arise in the execution of work. These guidelines determine the behavior that an employee must have in the event of a specific case, respecting the policies, values, guidelines, etc., that govern the organization.
Web World began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $600,000. Assuming the current inventory at end of year prices equals $828,000 and the index for the current year is 1.10, what is the ending inventory using dollar-value LIFO?
Answer:
768,000
Explanation:
Year 1: 600,000
Year 2: 828,000/1.10=752,727
(600,000+ x)=752,727
x=152,727
152,727*1.10=168,000+600,000=768,000