During the time when she took a quiz, Sara could instead have practiced her guitar or completed her calculus homework. She thinks that if she hadn't taken the quiz, she would have completed her calculus homework. Her opportunity cost of taking the quiz is the value of what?

Ethical decision making is said to be a crucial procedure to be followed by every organization in order to run the operations smoothly and efficiently. In the context of the steps of its framework, the answers are:

1. Option a

2. Option b

3. Option c

4. Option a

1. The correct order of the four steps included in the framework for ethical decision making is: identify issues, gather information and identify stakeholders, brainstorm and evaluate alternatives, and choose a course of action. This order ensures that all relevant information is considered before deciding on a course of action that aligns with ethical principles.

2. Step 2 of the ethical decision-making framework involves gathering facts that are important to the ethical issue. This step is crucial in ensuring that all relevant information is considered before proceeding to brainstorm and evaluate alternatives.

3. In the ethical decision-making framework, brainstorming for alternatives takes place after stakeholders have been identified and information has been gathered. This allows for a thorough consideration of all possible alternatives before choosing a course of action.

4. The last step of the ethical decision-making framework involves weighing the various alternatives. This step ensures that the chosen course of action is the best solution that aligns with ethical principles.

In conclusion, the ethical decision-making framework involves a series of steps that prioritize the consideration of all relevant information before deciding on a course of action. It ensures that ethical principles are at the forefront of any decision made.

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The mistaken classification of the product costas an expense would result in an understatement of the cost of goods sold by $20,500. This would also lead to an overstatement of the net income by the same amount.

To calculate the correct net income for the year, we need to deduct $20,500 from the reported net income.

The cost per unit of the product would be $20,500 divided by 2,050 units, which is $10 per unit.

The cost of goods sold would be 1,025 units sold multiplied by $10 cost per unit, which is $10,250.

Therefore, the corrected net income would be the reported net income minus $20,500, which is the mistaken expense, minus $10,250, which is the corrected cost of goods sold.

If the bonus paid to management is based on net income, then the mistaken classification would have led to a higher bonus payment. The corrected net income would result in a lower bonus payment by 2% of the difference between the reported and corrected net income.

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Answer:

True.

Explanation:

Design of experiments can be defined as a systematic approach used to determine the relationship between factors (variables) affecting a process and its overall outcome or end result.

Generally, design of experiments involves the process of planning, conducting, evaluating and interpretation of controlled data to yield valid and objective outcomes.

Hence, design of experiments is a technique that helps identify which variables have the most influence on the overall outcome of a process.

This ultimately implies that, in order to achieve greater success and optimum level of output in an organization; design of experiments can be used to find cause-and-effect relationships of a process.

In conclusion, understanding which variables affect outcome is a very important part of quality planning.

Answer: (A.) Frequency

Explanation: