Organizational Ethics Are Learned By

question 76

Multiple Choice

Organizational ethics are learned by:

• A)tracking the failures of those who are caught in business scandals.
• B)attending business classes and regularly taking notes.
• C)observing the actions of others.
• D)attending corporate responsibility seminars.

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Definitions:

Mixed Cost

Expenses that contain both fixed and variable components, changing with the level of output or activity.

High-low Method

A technique used in managerial accounting to estimate variable and fixed cost components of a cost formula, using the highest and lowest levels of activity.

Electrical Cost

Expenses associated with the consumption of electricity by a company, home, or another facility, impacting operational budgets.

Fixed Portion

The part of a cost or expense that remains constant regardless of changes in the level of activity or volume of production.