Marco runs an organic cafe in the middle of an industrial office zone. He has a lot of customers with only 6 allocated car parking spaces for them. Often, his customers use the car parks designated for clients at Eloise's architectural studio nearby. 1. Marco's cafe does not produce any negative externalities. 2. Marco's cafe creates a negative externality for Eloise's architectural studio. 3. To be socially efficient, Marco needs to pay for more car spaces near his cafe. Which of the above statements are true: O Only 1 is true. O Only 2 is true. O Both 1 and 2 are true. O Both 2 and 3 are true. O All three are true.
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- DISCUSSION OF TEXT HRM INCIDENTS HRM Incident 1: The Wrong Approach Eric Ardoin is a human resource manager at Epler Manufacturing Company in Greenfield, Wisconsin. He was considering the need to recruit qualified blacks for Epler when Shontae Blount walked into his office. "Got a minute?" asked Shontae. "I need to talk to you about the recruiting trip to Michigan State next week." "Sure," Eric replied, "but, first I need your advice about something. How can we get more blacks to apply for work here? We're running ads on WBEZ radio along with the classified ads in the Tribune. I think you and John have made recruiting trips to every community college within 200 miles. We've encouraged employee referral, too, and I still think that's our most reliable source of new workers. But we just aren't getting any black applicants." From the president on down, the management at Epler claimed commitment to equal employment opportunity. According to Eric, the commitment went much deeper than…Question 3 Please provide a very detail answer for the below question:- Asma is a junior management accountant at Flower Cloth Ltd. Asma is given the task of compiling a cost-benefit analysis report on whether the company should purchase an expensive new machine from Radi Ltd, where her brother is the new sales manager. Asma did not tell anyone in Flower Cloth about her brother’s new job. In preparing her report, Asma overstates the qualitative benefits and understates the costs associated with this new machine to help her brother make his first sales as the new sales manager. Required: Discuss why and how Asma has deviated from the standards of ethical conduct.1. A client's mother offers you a cup of coffee after your session. If you accept it, are you violating the RBT Ethics Code? A Yes, because she wants to influence you to work later. B No. because it does not have a value of over »10 C Yes. because it is considered a sianiticant aut. D No. because vou are allowed to accept all alts from clients families
- Question 3.4 Safety First Inc. produces baby products, including car seats for children from 0-2 years old. The company is worried because one of its competitors has recently come under public scrutiny because of product failure. Historically, Safety First Inc’s only problem with its car seats was stitching in the straps. The problem can usually be detected and repaired during an internal inspection. The cost of the inspection is $5.00 per car seat, and the repair cost is $1.00 per car seat. All 200,000 car seats were inspected last year, and 5% were found to have problems with the stitching in the straps during the internal inspection. Another 1% of the 200,000 car seats had problems with the stitching, but the internal inspection did not discover them. Defective units that were sold and shipped to customers needed to be shipped back to Safety First and repaired. Shipping costs are $8.00 per car seat, and repair costs are $1.00 per car seat. However, the out-of-pocket costs (shipping…2. Regardless of your like or dislike of a fellow employee, treat: A. Your friends better than you treat others B. Coworkers the way you see your boss treat others C. Everyone with respect and professionalism D. None of these 3. Workplace relationships have a profound impact on productivity because: A. if you become personal friends with customers and vendors, you will increase business B. We normally spend more time at work than we do at home C. Coworkers don't let friendships lead to favoritism D. All of theseMaking ethical decisions Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as the bookkeeper. Dale wanted to attend a class in Excel spreadsheets, so Sue temporarily took over Dale’s duties, including overseeing a fund used for gas purchases before test drives. Sue found a shortage in the fund and confronted Dale when he returned to work. Dale admitted that he occasionally uses the fund to pay for his own gas. Sue estimated the shortage at $450. Requirements 1. What should Sue Peters do? 2. Would you change your answer if Sue Peters was the one recently hired as controller and Dale Miller was a well-liked, longtime employee who indicated he always eventually repaid the fund?
- Question text Hasan joined a leading organization in Oman as Mechanical Engineer soon after graduating. The Company sent him to Japan to get trained in the latest technology. Mr Hasan feels confused and home sick because he is not familiar with the local customs. How do you describe the feeling of Mr. Hasan and how Hasan can deal with the situation? a. Cultural Shock, Hasan should first admit that the impact is normal and try to learn the rules of the new culture b. Cultural Shock, Hasan should avoid interacting with local people c. Cultural Shock, Hasan should quit training and return to his home country d. Cultural Diversity, Hasan should familiarize himself with the local customs25. The PX Company manufactures automobiles. Nonmanagement employees of the company can buy a new automobile for PX's cost plus 2%. The automobiles are sold to dealers at cost plus 20%. Generally, management employees of Local Dealer, Inc., are allowed to buy a new automobile from the company at the dealer's cost. Which of the following statements is correct? a.None of the employees who take advantage of the fringe benefits described above are required to recognize income. b.The nonmanagement employees who buy automobiles at a discount are not required to recognize income from the purchase. c.Employees of Royal are required to recognize as gross income 18% (20% – 2%) of the cost of the automobile purchased. d.All of these choices are correct.IVB. There are four factories in the city of Gotham that are polluting the waterways. Each firm is currently producing 4 pounds of pollution; Managers will continue to pollute unless the local government intervenes. Managers will prefer to maximize economic profit by avoiding paying any costs to reduce or prevent pollution created by their business. The table below shows the marginal cost of cleaning up each pound of pollution. For example, the Gamma’s cost of cleaning up the third-pound of pollution is $180. Beta’s cost of cleaning up the first pound of pollution is $30. If Alpha cleaned up all four pounds of pollution, the total cost will be $320 (=40+40+80+160) i.e. add up the marginal cost. MARGINAL COST OF CLEANING UP POLLUTION Name of firm Alpha Beta Delta Gamma in $ in $ in $ in $ 1 st pound $40 $30 $80 $20 2 nd pound $40 $60 $90 $60 3 rd pound $80 $120 $100 $180 4 th pound…
- Introduction, key issue/s, analysis and recommendation sections for each separate scenario. ACC2273 “Is there anything wrong?” Scenario 1 You run a small business that takes older machines and refurbishes them to sell at a “charitable” price. You are doing good for the environment and helping those who need these machines get one at a reasonable price when otherwise they would not have been able to afford one. … yes, business is and can be about helping others, it is not all about making a profit and selling stuff to people that don’t necessarily need stuff. As the owner you have hired a few people to run the business. They look after purchasing and selling, collecting and distributing. You charge (sell the machines for) a small “up-charge” of 5% over cost to cover your operating costs. Some pertinent financial data for 2022: beginning inventory $5,000, ending inventory $6,000, purchases for the year $61,000 and sales for the year $15,000. Is there anything wrong with your…part 6 7 Question 3.4 Safety First Inc. produces baby products, including car seats for children from 0-2 years old. The company is worried because one of its competitors has recently come under public scrutiny because of product failure. Historically, Safety First Inc’s only problem with its car seats was stitching in the straps. The problem can usually be detected and repaired during an internal inspection. The cost of the inspection is $5.00 per car seat, and the repair cost is $1.00 per car seat. All 200,000 car seats were inspected last year, and 5% were found to have problems with the stitching in the straps during the internal inspection. Another 1% of the 200,000 car seats had problems with the stitching, but the internal inspection did not discover them. Defective units that were sold and shipped to customers needed to be shipped back to Safety First and repaired. Shipping costs are $8.00 per car seat, and repair costs are $1.00 per car seat. However, the out-of-pocket costs…3-30. CVP Analysis—Ethical Issues Mark Ting desperately wants his proposed new product, DNA-diamond, to be accepted by top management. DNA-diamond is a piece of jewelry that contains the DNA of a partner, spouse, or other loved one. Top management will not approve this product in view of its high break-even point. Mark knows that if he can reduce the fixed costs in his proposal, then the break-even point will be reduced to a level that top management finds acceptable. Working with a friend in the company’s finance department, Mark finds ways to credibly misstate the estimated fixed costs of producing DNA-diamonds below those that any objective person would estimate. Mark knows that if the product is successful (and he is certain that it will be), then top management will not find out about the understatement of fixed costs. Mark believes that this product, once it is successful, will benefit the shareholders and employees of the company. Are Mark’s actions ethical? Explain.