Select the true statement about the relationship between law, ethics, and business. a. Ethical business practices and conduct have value only to the owners and managers of a business.
b. Ethical business practices and conduct generate goodwill that can be measured in the monetary value of a business.
c. Ethical business practices and conduct increase employee and customer satisfaction, but do not affect a business' bottom line.
d. Ethical business practices and conduct are more important to the short-term success of a business than the long-term.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Which of the following would be an accurate statement about achieving a balanced budget