High quality manufacturers produce very good calculators that consumers value at 14 Euros. Low quality manufacturers produce less good ones that are valued at 8 Euros. At the time of purchase, customers cannot distinguish between a high quality product and a low quality product; nor can they identify the manufacturer. However, they can determine the quality of the product after the purchase. The consumers are risk-neutral: if they have probability p of getting a high quality product, they value this prospect 14p + 8(1 - p) Each type of manufacturer can produce the product at a constant unit cost of 11. a) Suppose that the sale of low quality calculators is illegal, so that the only items allowed to appear on the market are of high quality.
When Bob sent her a chocolate lab, Sarah realizes her mistake and seeks to void the contract. However, because Sarah made the mistake, she does not have the power to void it. Further, since she never inquired about color or breeding, there was no misrepresentation on Bob’s part. In fact, since the price was substantially less than the price quoted by Sally, this should have put Sarah on notice. Conclusion: Since the contract is not voidable, the term that “all sales are final” is
They possess the same fundamental rights, and the comparable interests of each person should count the same in calculations that determine social policy. Neither supposed racial differences, nor skin color, sex, sexual orientation, ethnicity, intelligence, nor any other differences among humans negate their fundamental equal worth and dignity. The event of credit card company provide the support to the hate guoup also reletion to the essay “ Legal to Censor, but Unwise” by Gabe Rottman who is a legislative counsel and policy adviser at the Washington legislative office. Rottman claims that Financial services companies, are ill-equipped to determine which groups should live or die in hard cases of controversial speech like “hate speech”. So, credit card companies should not decide to whether provide support to the group even it is hate group.
CASE FOUR:MEASUREMENT AND VALIDATION | 1. In Table 3.1, the traditional selection model shows a high p-value of 0.26 for education being citizenship and absence. The correlation score is 0.01, which means that education has little to no impact on the correlation between education and citizenship and absence. The interview score also has a p-value of 0.26, so this means that the interview score also does not relate to the correlation between performance and the interview. If the company is going to use the traditional selection model, it would do best by seeking out the lowest p-value with a high correlation score.
b. I do not think that the Springfield plant should change its current cost system. The plant is also using the production-run direct labor cost to allocate its overhead costs. However, because the plant produces one product with no customization, with materials purchased from local manufacturers all made by hand (little overhead cost-Exhibit 2) this cost system is effective and should not be changed. 2. Calculate the cost of a Geoffrey doll, the
It will be simple to come to a conclusion. 4) Parties may make provisional offers and counteroffers; and 5) Offers and proposals do not determine outcomes until they are accepted by both parties (Bazerman, 2005; Schelling, 1960). Salary negotiation is where the employee and employers goals conflicts directly-the employees goal is to get the best salary possible, one that captures a fair proportion of the value he or she can deliver while the recruiters goal is to recruit that person as cheaply as possible without them feeling
Information Technology Ethics Council of America, Inc. Code of Ethics Jeff Phelps Kristina Odem Steven Louissaint Rick Molnar (Did Not Contribute) IT3160 – Ethical and Human Side of Information Technology Abstract A code of ethics is important for anyone in Information Technology. These ethics are used for business and online. These ethical standards create a safe, reliable and fair workplace for everyone. Table of Contents Abstract 2 Table of Contents 3 Introduction 4 Ownership of Information 4 Administrative (Business) Data Ownership 5 Data Custodians 5 Access to Business Data 6 Computerized Invasion of Privacy 7 Anonymity and Identity 8 Business Practices 9 Fairness Representation 10 Non-Malfeasance 11 Global Community 12 Democracy 12 Conclusion 13 References 14 Introduction The Information Technology Ethics Council of America (ITECA) expects each of its members to sustain a high level of commitment to ethical professional conduct. This commitment will be identified in this code through the sections that follow.
However, the researcher would need to make it very clear to the parents that they do not have to answer questions and guarantee their anonymity. But because there is no personal contact with the participant in questionnaires it makes it very difficult to reassure them of this. Another big strength of questionnaires is how practical they are. They are very fast and cheap to make so the researcher can target a large number of parents at the same time. One of the major strengths of questionnaires is their practicality.
Furthermore the case stated that there was actually no audit work that was done, and Madoff’s cousin was the sole practitioner conducting the audit. These factors raises serious questions of obvious bias and unethical practices involved in performing the audit. Another solution is to provide a safe environment or an outlet for individuals to disclose their potential concerns of fraud. For instance, an outlet such as fraud hot line may have encouraged those who turned the other cheek to come forth. Between the two alternative solutions, I believe that the first solution of tightening the review process of the SEC would be most effective in combating the problem statement.
The last advantage I want to mention is that I don’t think you would have to worry about spam accounts/contacts on a paid site. On a free site such as LinkedIn, which has over 175 million users, I feel there could be uncertainty of whether or not a contact request you may receive is legitimate. I think the cost of a paid membership would be worth it for this reason alone not to mention the other benefits I discussed. Ultimately, I think the only bad choice you can make when deciding whether to sign up for a free or paid networking site is if you decide to not sign up for either. You can only benefit from making business contacts