The Term Ethics Is Defined As

question 38

Multiple Choice

The term ethics is defined as:

• A)Standards of behavior and concepts of right and wrong
• B)The principles and regulations established in a community by some authority
• C)Something that is handed down
• D)The limit which the law allows for specific education and experience, to perform certain acts

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Definitions:

Margin of Safety

The amount by which sales can drop before reaching the break-even point, typically expressed as a percentage of current sales.

Sales

The total revenue generated from goods or services sold by a company.

Net Operating Income

Revenue derived from the principal activities of a business before interest and taxes are subtracted.

Sales Dollars

The entire income produced through the selling of products or services, denoted in financial figures.