Match the Term with Its Definition

question 13

Multiple Choice

Match the term with its definition.
-Formally established standards of employee behavior communicated by a business owner

• A)code of ethics
• B)environmentalism
• C)ethical imperialism
• D)ethical relativism
• E)integrity
• F)intellectual property
• G)social entrepreneurship
• H)social responsibilities
• I)stakeholders
• J)sustainable small business
• K)underlying values

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Definitions:

Prevention Costs

Expenses incurred to avoid or minimize the number of defects in products before they reach the customer.

Appraisal Costs

Costs associated with measuring and monitoring activities to ensure quality or compliance with standards, typically including testing and inspections.

Non-Value-Added Activities

Operations or tasks that consume resources or time but do not add any value to the product or service from the customer's perspective.

Cell Conversion Cost

The cost associated with transforming materials into finished products within a specified production cell or unit.