Matching Key Terms and Descriptions (Each Can Be Used More

question 40

Multiple Choice

Matching Key Terms and Descriptions (each can be used more than once)
-"What kind of world would this be if everyone behaved this way or made this kind of decision in this type of situation?"

• A)Deontological approach
• B)Teleological (or Consequential) approach
• C)Virtue ethics approach

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Definitions:

Equivalent Unit

A concept in cost accounting used to allocate costs to partially completed goods, equating them to an amount of finished goods.

Fabricating Department

A section within a manufacturing facility where raw materials are transformed into components or products through various processes like cutting, assembling, or molding.

Weighted Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale.

Equivalent Units

A concept used in cost accounting to express the amount of materials, labor, and overhead costs associated with partially completed goods as if they were finished.