The part in the passage that explain the importance of business ethics is that business ethics keep unethical reasoning under control. and help in achieving long-term profit.
What is business ethics?Business ethics deals with moral conundrums or contentious issues that a company may be facing. A system of practices and procedures that foster consumer trust are frequently included in business ethics. Some business ethics, like minimum wages, restrictions on insider trading, and environmental regulations, are on some level written into the law. On the other hand, managerial conduct may have an impact on business ethics, with repercussions felt throughout the entire organization.
By defining acceptable behaviors outside of the purview of the state, business ethics strengthen the law. Businesses establish business ethics to encourage employee morality and win over important stakeholders like investors and customers.
Executives, managers, and staff are guided by business ethics when taking daily actions and making decisions. Consider, for instance, a business that has chosen to dispose of chemical waste that it cannot afford to properly dispose of on a vacant lot it has acquired in the neighborhood. This behavior can harm a business irreparably in terms of the law, the environment, and society.
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A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equity is $6,000. What is the net income
The net income of the firm is $1,200
What is net income?Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.
Net profit is also amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.
First, we know that:
Return on equity
= Net income / Total equity
Fixing the given values, we'll have
20% = Net income / $6,000
Net income = $6,000 * 20%
Net income = $1,200
Therefore, net income of the firm is $1,200
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A real estate brokerage should __________ that will help to minimize risk and potential liability exposures.
Every brokerage should adopt written policies and procedures that define the company's agency representation policies, competitive practices, fair housing guidelines, personnel policies, communications policies, documentation and record keeping policies, and a statement of the company's overall commitment to the ethical and legal practice of real estate. Once adopted, these policies should become part of each licensee's everyday practice and enforced on a consistent basis.
Adopt written guidelines and regulations maintain audio recordings of all discussions, employ a legal team, and get liability insurance.
By brokerage, what do you mean?A brokerage offers middleman services in a variety of contexts, including investing, borrowing money, and buying real estate. A counselor is a facilitator who really arranges a sale between a firm and its customers. A reseller could be either an people or a business.
What is a brokerage's process?On behalf of the clients, such brokerage business sells and purchases stock, bonds, options, and many other financial goods. To combine resources and provide the finest service, a lot of brokerages employ lone brokers. Additionally, a lot of businesses which provide financial products include brokerage houses within their range of offerings.
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EAR versus APR [LO4] Two banks in the area offer 30-year, $220,000 mortgages at 5.5 percent and charge a $3,500 loan application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
Answer:
application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
select all the reasons to keep your money in a financial institution
The reasons to keep your money in a financial institution are:
Safety - To keep your money safe from burglars.
Convenience - Its easy to get your money out of the ATM when you need it.
Growth - If you put your money in a savings account you can collect interest.
Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back
What are financial institution?Financial institutions are organizations that provide financial services to individuals, businesses, and governments. These institutions include banks, credit unions, investment companies, insurance companies, and other financial intermediaries.
Banks are perhaps the most well-known financial institutions. They provide a range of financial services, including checking and savings accounts, loans, mortgages, and credit cards. Credit unions are similar to banks, but are typically smaller and owned by their members.
Investment companies, such as mutual funds and exchange-traded funds (ETFs), allow individuals to invest in a variety of assets, such as stocks, bonds, and real estate, without directly owning those assets. Insurance companies offer various types of insurance, such as life insurance, health insurance, and auto insurance, to help individuals and businesses manage risk.
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select all the reasons to keep your money in a financial institution
Safety - To keep your money safe from burglars.
Convenience - Its easy to get your money out of the ATM when you need it.
Growth - If you put your money in a savings account you can collect interest.
Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back
None of the above
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 913,000 Credit sales 313,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 138,000 debit Allowance for doubtful accounts 6,300 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable.
Answer:
Folgeys Coffee Company
(1) 4% of credit sales:
Debit Bad Debts Expense $18,820
Credit Allowance for Doubtful Accounts $18,820
To record bad debts expense and bring the balance to $12,520
(2) 2% of total sales:
Debit Bad Debts Expense $30,820
Credit Allowance for Doubtful Accounts $30,820
To record bad debts expense and bring the balance to $24,520.
(3) 7% of year-end accounts receivable:
Debit Bad Debts Expense $15,960
Credit Allowance for Doubtful Accounts $15,960
To record bad debts expense and bring the balance to $9,660.
Explanation:
a) Data and Calculations:
Cash Sales = $913,000
Credit Sales = $313,000
Total Sales = $1,226,000
Accounts Receivable = $138,000 Debit
Allowance for Doubtful Accounts = $6,300 debit
Estimated uncollectibles:
(1) 4% of credit sales:
= $12,520 ($313,000 * 4%)
Bad Debts Expense $18,820
Allowance for Doubtful Accounts $18,820
(2) 2% of total sales:
= $24,520 ($1,226,000 * 2%)
Bad Debts Expense $30,820
Allowance for Doubtful Accounts $30,820
(3) 7% of year-end accounts receivable:
= $9,660 ($138,000 * 7%)
Bad Debts Expense $15,960
Allowance for Doubtful Accounts $15,960
Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.
Your coworker Kevin is really concerned about a project that he has just been assigned. He is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct using the data provided. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a would be more appropriate.
Answer:
Appropriate Terminology
a. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct -------- using the data provided.
bar chart or histogram
b. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a -------- would be more appropriate.
table
Explanation:
A bar chart or graph represents categorical data with rectangular bars. It can be used to visualize data distributions, compare data groups, and to track periodic changes in data. Tables are versatile organization tools that can communicate information with or without the use of other graphical tools.
Match your vocabulary word to its definition.
1. import
2. masthead
3. open source
4. orphan
5. readability
6. rule
7. typeface
8. widow
line used to separate the parts of a
document
the design for a character set, such
as Arial or Times New Roman
a word or short phrase appearing
alone at the bottom of a column or page
to move elements from one place
to another
a word or short phrase appearing
alone at the top of a column or page
an image that provides the title and
important information about a
publication
program or code that is freely
available for use or modification
the ease with which a passage of
text can be read
The correct matching of the words and their definition is given below:
import: to bring in goods or services from another countrymasthead: a word or short phrase appearing alone at the top of a column or page, typically containing the title and important information about a publicationWhat is Open Source?open source: program or code that is freely available for use or modification
The other words matched are given:
orphan: a child whose parents are dead or have abandoned themreadability: the ease with which a passage of text can be readrule: a line used to separate the parts of a documenttypeface: the design for a character set, such as Arial or Times New Romanwidow: a word or short phrase appearing alone at the bottom of a column or page, typically ending a paragraph, that is separated from the rest of the text and appears on the following page.Read more about vocabulary here:
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Jerry Allison starts the month with a balance on his credit card of $1,070. On the 10th day of the month, he purchases $390 in clothes with his credit card. On the 15th day of the month, he makes a payment on his credit card of $550. Jerry's interest rate is one and a half percent for the month. Jerry's bank calculates the finance charge on their credit card by using the previous balance method. What would Jerry's finance charges be for the month?
a. $11.17
b. $7.80
c. $13.18
d. $21.90
e. $16.05
Answer:
b. $7.80
Explanation:
hope it help you
Which of the following helps make the management process efficient?
Answer:
Explanation:
Efficient processes require constant monitoring and optimization to observe an increase. As the famous management consultant Peter Drucker said, “If you can't measure it, you can't manage it”. Any process you have should be measurable to take action and improve process efficiency.
In every type of economic system there are exchanges between consumers and producers
True or false ?
Answer: true
Explanation: it makes up the economic system
A. Think of a product and describe the stages of production the product goes through.
Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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Type the correct answer in the box. Spell all words correctly.
Why is the cost of goods sold account part of a trading business only?
The cost of goods sold account is part of a trading business, but not seen in the income statement of a service business. This is because in a
service business, no
goods are sold to the consumers.
Answer:
Indeed, the cost of goods sold account is part of a trading business, but not seen in the income statement of a service business, because in a service business, no material goods are sold to the consumers. In this way, contrary to what happens in the sale of goods, in the sale of services the seller does not offer a material with a previous production cost to the buyer, but rather offers the performance of a certain task, with which there is no material component in the offer, but rather an execution of an act and the knowledge of how to carry out said execution by the person providing the service.
2. What are the ways of forecasting cost of sales?
a. cost of materials
b. cost of labor
c. cost of overhead
d. all of the choices
Answer:
d. all of the choices
Explanation:
Cost of Goods sold = Cost of material purchased + Conversion cost
And
Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.
So, The correct option is - d. all of the choices
Select the correct answer.
Which scenario fits the definition of advertising?
A . Gunther goes door to door selling soapsuds for a living.
B.
Daniel starts a restaurant under the name of Taco Dan.
C. John puts his house up for sale in the local newspaper
D
Jessica calls her colleagues informing them about her new bakery business.
Jessica calls her colleagues informing them about her new bakery business that scenario fits the definition of advertising. The correct option is D.
Who gave a definition of advertisement?According to Wheeler, "Advertising is any form of paid non-personal presentation of ideas, goods, or services with the intention of persuading people to buy" According to the dictionary, advertising is the "mass communication of information intended to persuade consumers so as to maximize profits."
Paying for space to advertise a good, service, or cause is a common marketing strategy. Advertisements, or simply ads, are the actual promotional messages. Reaching the demographics most likely to make a purchase of a company's goods or services is the aim of advertising.
Thus, the ideal selection is option D.
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Answer:
John puts his house up for sale in the local newspaper
Describe how personal goals, lifestyle, background, hobbies, interests, experience, abilities and financial
resources will impact a business.
It should be noted that personal goals, lifestyle, financial resources play a vital role in the success and growth of a business.
Experience plays a vital role in q business. When an individual has previous experience regarding a business, this will help shape the person in the right direction.
Also, having the financial resources to meet one's needs are important. Having huge finance can aid the development of one's business.
One's lifestyle and background also matter. It's important to engage in the activities that will lead to the success of the business.
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Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $25 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $94 . How much total value was created from this trade? $
The total value created from this trade can be calculated by subtracting the value of the bicycle to you from the value of the bicycle to your friend and adding it to the value of the bicycle to you.
The value of the bicycle to you is $25 and the value of the bicycle to your friend is $94.
Therefore, the total value created from this trade is: $94 - $25 + $70 = $139
So, the total value created from this trade is $139.
1- The Net Operating Profit after Taxes (NOPAT) using the bottom-up method is provided by:
a. operating income minus tax benefit minus taxes as reported
b. operating income plus tax benefit minus taxes as reported
c. net income plus net financial expenses minus tax benefit
The bottom-up method yields the Net Operating Profit after Taxes (NOPAT) as follows: a. the reported operating income minus the tax benefit minus the taxes .
What Is the Net Operating Profit After Tax?A financial metric known as net operating profit after taxes (NOPAT) depicts a company's core operations, net of taxes, performance. NOPAT is a more accurate measurement of operating efficiency for leveraged businesses and is frequently used in economic value added (EVA) calculations. The tax savings that numerous businesses obtain as a result of existing debt are not included in NOPAT. A company's potential cash earnings if its capitalization were unleveraged, or devoid of debt, are referred to as its net operating profit after taxes (NOPAT). There are no one-time expenses or losses included in the figure; These do not accurately reflect an organization's profitability. Even though they may have an impact on the company's bottom line that year, charges arising from a merger or acquisition may not always provide an accurate picture of the business's operations.
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N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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Spreadsheet software would more commonly be used than accounting
software to
A. prepare and send invoices
B. conduct sorting and calculations
C. perform financial statement analysis
D. complete tax forms
Conduct sorting and calculations would be used in Spreadsheet software would more commonly than accounting software to.
Spreadsheet software is specifically designed to perform calculations and sorting of data, making it a more appropriate tool for these tasks than accounting software.
Accounting software is better suited for tasks such as invoicing, financial statement analysis, and tax form preparation, which involve more complex financial transactions.
Accounting software is a type of software used by businesses to record and process financial transactions.
It provides an efficient and accurate way to manage the financial accounts of a business, including accounts payable, accounts receivable, payroll, and general ledger.
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SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.
Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.
A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.
What are business challenges?Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.
They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.
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Production is an example of a marketing activity.
Question 1 options:
True
False
Account no. Account Description
101 Cash at bank
102 Accounts receivable
110 Office supplies
120 Office equipment and furniture
130 Motor vehicles (s)
201 Accounts payable
210 Bank loan
301 Share capital
401 Revenue
510 Rent expense
520 Electricity expense
530 Advertising expense (s)
540 Bank charges (s)
550 Interest expense (s)
560 Wages expense
Prepare journal entries for the following
30/03-Entered into a contract for delivery of electric vehicle, at a cost of $20000 which is to be used for the business. The vehicle will be delivered in 2 weeks’ time. No cash payments have yet been made in relation to the contract.
30/3-Invoice received from the local nurseries association for advertising of $1,300. The invoice was paid by transfer from the business bank account
A bank Account Description is a type of financial account that is kept by a bank or other financial organisation and is used to record financial transactions between the bank and its clients.
What are the steps to opening a bank account?To open an account, you must select a bank and give that bank the required documentation, such as identity and proof of address. Typically, in order to qualify, you must be at least 18 years old. To avoid fees, you may also need to fill the account or maintain a minimum level.
What is the account no?When you open a bank account, you are given a specific set of digits called a bank account number. Such numbers will be assigned by financial organisations to every account you have.
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Supervisor: "If you increase your current quality score of 85% by 7%, you will have a
score of
Answer:
90.95% (if you need to round it up, then its 91%)
Explanation:
7% of 85% is 5.95%. You add that to the 85%, and you get 90.95%! :]
Hope this helped!! :]
Which section of a business plan gives details about a business's core products and services?
The
section of a business plan talks about a business's core products and services, and their features and benefits
to the consumers.
Answer:
an executive summary is compelling which reveals the company's mission statement, along with a short description of its products and services. its also good to briefly explain why you're starting your company and include details about your experience in the industry that you're entering
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,770 in the first quarter, and $5,240 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $41,680 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.
Answer:
Results are below.
Explanation:
Giving the following information:
Variable expense= $26,770 ($5,240 increase each quarter)
Fixed expense= $41,680
First, we will calculate the total cost per quarter:
Q1= 26,770 + 41,680
Q1= $68,450
Q2= (26,770 + 5,240) + 41,680
Q2= $73,690
Q3= (32,010 + 5,240) + 41,680
Q3= $78,930
Q4= (37,250 + 5,240) + 41,680
Q4= $84,170
Now, the total cost:
Total annual cost= $305,240
A company has been accidentally polluting a local water source. The chemicals may cause health issues for small children. Who are the MOST important stakeholders in this scenario?
A.
local doctors and social workers
B.
the children and families and the company
C.
police and the local government
D.
fish and game wardens and local doctors
The MOST important stakeholders in this scenario are option B: the children and families and the company.
Give justification for your answer?The accidental pollution of a local water source can have serious health implications for the children and families who rely on that water source. They are the most important stakeholders in this situation as their health and well-being are directly impacted by the pollution. The company responsible for the pollution is also a key stakeholder as they are responsible for addressing the situation and mitigating any harm caused. It is important for the company to take responsibility for their actions and work towards finding a solution that protects the health and safety of the affected community. While local doctors and social workers may be involved in addressing the health impacts of the pollution, and fish and game wardens may be involved in assessing the environmental impact, they are not the most important stakeholders in this scenario.
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issues on Camelot security printing under the vision and mission of the company
Camelot security printing under the vision and mission of the company .
Our Vision
To become the industry leader in providing top-notch business paperwork and document security solutions, utilizing the best available human resources and technology in a way that is both cost-effective and profitable and benefits both ourselves, our clients, and the communities in which we operate.
C – Care : We care for our customers
A – Assured : We assure our customers of the highest quality products and services
M – Money for Value : we give you your money’s worth and more
E – Efficiency: We maximize the use of our resources and waste nothing
L – Leadership : We chart the course of change
O – Originality : We strive to lead the market through innovation
T – Trust : We believe in mutual trust and long – term relationship
Our Mission Statement
Our goal is to continue to be leaders in the delivery of excellent business forms and file security solutions, utilizing the best available human capital and generation in a cost-effective and profitable manner that benefits all parties involved—including ourselves, our clients, and the communities where we work.
Our Core Values
M – Motivation
O – Originality
V – Verve (i.e. Vigour, Spirit, Style)
E – Ethical
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The most accurate statement of the parol evidence is
Answer:
The parol evidence rule states that oral evidence of an agreement made prior to or contemporaneously with a written agreement is inadmissible when the parties intend the written agreement to be the complete and final version of their agreement.
Explanation:
Both parties to a case may introduce into court evidence of a prior or contemporaneous agreement in order to modify, explain, or supplement the contract at issue.
What is the difference between ethnocentrism and patriotism?
Explanation:
Ethnocentrism is the tendency to look at the world primarily from the perspective of one's own culture while patriotism is love of country; devotion to the welfare of one's compatriots; the virtues and actions of a patriot; the passion which inspires one to serve one's country,.