The Definition of the Doctrine of Ethical Relativism Includes

question 50

Multiple Choice

The definition of the doctrine of ethical relativism includes:

• A) that when any two individuals differ regarding the morality of an issue or action,they are both correct because morality is relative.
• B) the proposition that a good or moral act is one that results in "the greatest good for the greatest number."
• C) the notion that cost-benefit analysis is relative to making ethical decisions.
• D) that,without any further evaluation,the ultimate judgment of the correctness of an action relates to pronouncements of a central authority.

---

Definitions:

Materials Quantity Variance

The difference between the budgeted and actual quantities of materials used in production, affecting cost management.

Standard Cost

A predetermined cost of manufacturing, calculated based on the expected costs of material, labor, and overhead for a unit of product.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost, reflecting changes in material prices.

Materials Quantity Variance

The difference between the expected amount of materials needed for production and the actual amount used.