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What Is an Important and Widely Discussed Theory of Ethical

question 15

Multiple Choice

What is an important and widely discussed theory of ethical action and establishes that what makes an act morally right or wrong is its consequences and nothing more?


Definitions:

Net Operating Income

An entity’s income after all operating expenses have been deducted from total revenue, excluding taxes and interest charges.

Variable Costing

A costing method in which fixed manufacturing overhead is not assigned to the product, but rather treated as an expense of the period.

Absorption Costing

is an accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Unit Product Cost

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

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