Economics, Student Value Edition (7th Edition)
Economics, Student Value Edition (7th Edition)
7th Edition
ISBN: 9780134739229
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 13, Problem 13.2.9PA

Subpart (a):

To determine

The total revenue, total cost and the economic profit of the person.

Subpart (b):

To determine

The total revenue, total cost and the economic profit of the person.

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With the VBS scenario in mind, debate with your own words the view that stakeholders are the primary reason why business ethics must be implemented.
The unethical decisions taken by the VBS management affected the lives of many of their clients who trusted their business and services                                                                                                    You are appointed as an ethics officer at Tyme Bank. Advise the management regarding the role of legislation in South Africa in providing the legal framework for business operations.
Tyme Bank is a developing bank in South Africa and could potentially encounter challenges similar to those faced by VBS in the future. Explain five (5) benefits of applying business ethics at Tyme Bank to prevent similar ethical scandals.
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