Producer maximize profit MR=MC. AR=AC. MR=AC
Question will be like this:
The theory of the film analyses profit maximizing business by exploring the behaviour of revenue and costs. Average revenue and average cost are denoted as AR and AC respectively. Marginal revenue and marginal cost are denoted as MR and MC respectively. At which point will a producer maximize profit?
Main purpose of organizational code of ethics.
Question will be like this:
131. What is the MAIN purpose of an organizational code of ethics?
To specify policies which apply to an organization`s operations
To guide moral behaviour in situations employees are likely to encounter in work
To identify charitable activities and causes supported by the organization
To specify the rules of etiquette in dealing with customers and suppliers
Money laundering offences
There are three categories of criminal offences under the Criminal Justice Act 1993 (HMSO, 1993).
Laundering: acquisition, possession or use of the proceeds of criminal conduct, or assisting another to retain the proceeds of criminal conduct and concealing, disguising, converting, transferring or removing criminal property. This relates to the nature, source, location, disposition, movement or ownership of the property. Money laundering includes possession of the proceeds of one's own crime and facilitating any handling or possession of criminal property, which may take any form, including in money or money's worth, securities, tangible property and intangible property.
Failure to report by an individual: failure to disclose knowledge or suspicion of money laundering (suspicion is more than mere speculation, but falls short of proof or knowledge)
Tipping off: disclosing information to any person if disclosure may prejudice an investigation into, drug trafficking, drug money laundering, terrorist-related activities, or laundering the proceeds of criminal conduct
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