An American multinational's subsidiary in a developing country refuses to employ child labor. This is because child labor is blatantly illegal and immoral in the US, even though it is a legal and tolerated practice in the concerning developing country. As a result of the company's attitude towards child labor, some of the children who are denied work at the subsidiary end up begging in the streets. Some of them even resort to theft and prostitution to survive. Which school of thought does this illustrate?

Why has the free enterprise system been modified to include some government intervention?

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be: