Chapter 2: The Role of Ethics in Decision Making I. Contemporary Business Ethics 1. Ethics and Society a. Public Education and Family Structure b. Economic Interdependence c. News Media and the Internet II. The Nature of Ethics 1. Ethics and Morality a. Morality- the collection of values that guides our behavior. b. Ethics- a systematic statement of right and wrong together with a philosophical system that both justifies and necessitates rules of conduct. c. The Good- the end result of
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9/18/10 A People’s History of the United States Chapter 2 What are the origins of slavery? Since the arrival of the Virginians to the New World‚ they were desperate for labor. The Virginians were unable to grow enough food to stay alive. During the winter‚ they were reduced to roaming the woods for nuts and berries and digging up graves to eat the corpses until five hundred colonists were reduced to sixty. They couldn’t force the Indians to work for them because they were outnumbered and despite
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Absorption Costing Absorption costing is a method of costing that assigns a small percentage of production and overheads costs to the price of each product that is going to be sold. It accounts for all costs‚ direct and indirect‚ fixed and variable. For example; if 1000 products are made and the total costs are £10000 then each product would cost £10 before making a profit (10000/1000=10). Variable costs are costs that can be controlled by management or a sales worker. Whereas fixed costs are
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and objectives that can be planned separately from other company businesses Company division Product line within a division Single product or brand 1. Identify key businesses (strategic business units‚ or SBUs) that make up the company 2. Assess the attractiveness of its
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CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES 2-20 (15–20 min.) Classification of costs‚ manufacturing sector. Cost object: Type of car assembled (Corolla or Geo Prism) Cost variability: With respect to changes in the number of cars assembled There may be some debate over classifications of individual items‚ especially with regard to cost variability. |Cost Item |D or I |V or F | |A
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Chapter 2 Progress Questions: 1. Explain the term business ethics. The application of ethical standards to business behavior. 2. Explain the difference between a descriptive and prescriptive approach to business ethics. The descriptive you are merely observing what is going on; where as with prescriptive‚ you are giving advice on what should be happening. 3. Identify six stakeholders of an organization. Stockholders‚ Employees‚ Customers‚ Suppliers‚ Retailers‚ Federal Government 4. Give
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Computer Literacy (2013-14) First Test Question-Answer Book Date: 28 October 2013 Time: 8:40-9:20 (40 min) Instruction: 1. The full mark for this paper is 100. 2. Attempt ALL questions. 3. Write down ALL the answers in this Question-Answer Book. 4. The Question-Answer Book consists of 15 pages. Name: Solution Class: Class Number: Mark: Section Marks Full A 30 B 6 C 10 D 9 E 8 F 8 G 10 H 8 I 6 J 5 Section A: Multiple Choice Questions (30 marks‚ 2@) Put a “” in the box of the most
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Target Costing on Mercedez – Benz Mercedes-Benz (MB) is one of the world ’s most successful car manufacturers since its establishment in 1886. They used target costing in the design and production of one of its products‚ the M-Class‚ which is a new sports utility vehicle model‚ in response to their first time suffering loss in 1993 because of cost inefficiency and problems with material purchasing and adapting to market changes. MB started developing a range of new products such as the C-Class
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Week 2 Assignment Pages 180-182 1.) Pick a product good or service that you are interested in consuming sometime in the near future. Analyze the offerings of two competing firms. How do the products compare on various dimensions of quality? From these differences‚ what can you infer about each company’s strategy and the customers that they seem to be targeting? A good that I will be purchasing sometime soon is a new vehicle. My husband and I are looking at either a Chevy Silverado‚ or a Ford
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Unit Test 2 Test 2014-2015 Graded Assignment Answer the questions below. When you are finished‚ submit this assignment in the course dropbox. YOU MUST SHOW ALL WORK TO RECEIVE FULL CREDIT. THIS IS NON-NEGOTIABLE (9 points) 1. For the points (1‚ 4) and (0‚ 1) do the following: A. Write an equation of the line in point-slope form. (1‚4): y-4=3(x-1) (0‚1): y-1=3(x-0) B. Write the equation in standard form. (1‚4): y-3x=1 (0‚1): y-3x=1 C. Write the equation in slope-intercept form. (1‚4): 4=3(1)+1
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