Which of the Following Statements Best Defines the Term,"Describe Ethics

question 41

Multiple Choice

Which of the following statements best defines the term,"Describe ethics and how organizational characteristics affect ethical behaviour."?

• A)They are attachments or bonds to people,actions,or organizations.
• B)They are the summary evaluations of a particular object or person.
• C)They are a set of principles or standards that differentiate right from wrong.
• D)They are the dynamic conditions of a person that are manifested in the way he or she behaves.

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Definitions:

Direct Costs

Costs that can be directly attributed to the production of a specific good or service, such as raw materials and direct labor.

Allocation Base

A measure or statistic used to distribute indirect costs to different cost objects, such as departments or products.

Overhead Costs

Expenses related to the day-to-day running of a business that cannot be directly attributed to creating a product or service, such as rent, utilities, and insurance.

Averaging Process

A method used in manufacturing or cost calculation where inputs or expenses over a period are averaged to determine a standard cost or value.