2. How are laws different from ethics? Unethical behavior does not have consequences whereas illegal behavior does have consequences.

Ethics are a written code of expected behavior whereas laws are loosely accepted social norms.

Ethics involve ambiguities whereas laws do not contain any ambiguities or gray areas.

Ethics are a belief system whereas laws are written rules that support accepted ethical behavior.

Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?

Sole proprietorships produce more goods and services than does any other form of business organization.