Use Two Different Principles of Ethical Decision Making to Justify

question 3

Essay

Use two different principles of ethical decision making to justify a company's decision to sell alcoholic beverages.

Analyze the effect of capacity operation on financial projections.

Calculate the pro forma net income based on projected sales increases.

Understand the relationship between dividend payout ratios and additions to retained earnings.

Determine the required increase in fixed assets due to projected sales increases.

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Definitions:

Organizational Pay Systems

Structures and strategies employed by organizations to compensate employees, including salaries, benefits, bonuses, and other forms of payment.

Classical Managerial Strategy

A traditional approach to management focusing on hierarchical structures, clear roles, and centralized decision-making.

Human Relations Management

An approach to managing employees that emphasizes the importance of interpersonal relationships, communication, and employee satisfaction in achieving organizational goals.

Laissez-Faire Management

A hands-off management style where employees are given autonomy in their tasks and decision-making, with minimal direct supervision from managers.