Ethics

question 55

Multiple Choice

Ethics:

• A)Is another name for moral philosophy.
• B)Involves systematizing, defending and recommending concepts of right and wrong behavior.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Tenant-Days

A metric used in the hospitality and rental industry to measure the total number of days that tenants occupy a rented space.

Planning Budget

A financial plan that outlines anticipated revenues, expenses, and resources over a specific period.

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance.

Variable Cost

A cost that varies directly with the level of production or sales volume, such as materials and labor.