Which of the Following Is an Example of an Ethical

question 22

Multiple Choice

Which of the following is an example of an ethical lapse?

• A)Putting unsigned suggestions in the company suggestion box
• B)Sharing confidential information with a new employer about your previous (competing)employer's major clients
• C)Telling your supervisor that another employee is stealing office supplies
• D)Providing incorrect data in a report, even though you did not know it was incorrect at the time

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Definitions:

Variable Costing

A financial recording technique that factors in only direct materials, direct labor, and variable manufacturing overhead as part of the product's costing.

Total Gross Margin

The total amount of revenue a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides.

Unit Product Cost

The total expense incurred to produce, manufacture, or acquire a product divided by the number of units.

Absorption Costing

An accounting technique that allocates all manufacturing costs to products, helping to capture the full cost of producing each item.