Advocates of the professional obligation school of social responsibility argue that business managers have a responsibility to the public beyond merely making profits

Indicate whether the statement is true or false

TRUE

Business

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Superior Containers produces restaurant storage containers

The company makes two sizes of containers: regular (55 gallon) and large (100 gallon). Demand for the products is so high that Superior can sell as many of each size as it can produce. The company uses the same machinery to produce both sizes. The machinery can be run for only 2,500 hours per period. Superior can produce 20 regular containers every hour, whereas it can produce 8 large containers in the same amount of time. Fixed costs amount to $250,000 per period. Sales prices and variable costs are as follows: Per Unit Regular Large Sales price $105 $225 Variable costs 28 42 To maximize profits, how many of each size container should Superior produce? Given this product mix, what will the company's operating income be? What will be an ideal response

Business

A broker strongly recommends to her sales staff that they use the services of her in-house escrow company and an affiliated mortgage lender, for which they will receive extra compensation. With regard to disclosing this arrangement to clients, the salespersons are only required to:

A: Provide one alternative referral for each service, and disclose any additional compensation they may receive; B: Disclose the full amount of any additional compensation to be received, and obtain the client's approval; C: Disclose the full amount of any additional compensation; D: Use whatever services their employing Broker tells them to use.

Business