Opec Ltd Manufactures Crystal Balls

question 17

Multiple Choice

Opec Ltd manufactures crystal balls. Transactions for year ended 31 December 2018 were as follows: What was the reported profit for the year 2018?

• A) $100 000
• B) $140 000
• C) $180 000
• D) None of the above

Recognize the role of justice types (procedural, interactional) in ethical considerations.

Examine the impact of moral philosophies on personal versus work-related decisions.

Clarify misconceptions associated with major economic and ethical theories.

Understand the role of ethology in explaining motivation and differentiate it from other perspectives.

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Definitions:

Substitution

The act of replacing one product, service, or material with another that performs the same function, often to achieve cost-savings or improve performance.

Recycling

The process of converting waste materials into new materials and objects, as a way to reduce consumption of fresh raw materials.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to best meet an organization’s needs.

Environmental Impact

The effect of human activities or industrial processes on the natural environment, including pollution and resource depletion.