To Make Sure That Ethical Issues Are Considered in Business

question 53

Multiple Choice

To make sure that ethical issues are considered in business decisions:

• A) companies should eliminate the principal-agent approach.
• B) companies should have a no-layoff policy.
• C) top managers should articulate and model ethical behaviors.
• D) top managers should generously grant stock options.
• E) companies should hire and promote employees with a strong focus on economic gains.

Understand the impact of manufacturing overhead application on cost of goods sold.

Prepare journal entries related to manufacturing overhead incurrence and application.

Understand the process of recording transactions for raw materials, including distinguishing between direct and indirect materials.

Learn the method to calculate and journalize the manufacturing overhead based on raw materials transactions.

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Definitions:

Marketing Actions

Strategic steps taken by businesses to promote and sell their products or services, including advertising, promotions, and product development.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectation.

Recall Crisis

A situation in which a company must recall a product from the market due to safety concerns, often leading to significant financial and reputational damage.

Accelerator Pedal

is a component in vehicles that controls the engine's power by regulating the amount of fuel or air entering the engine.