Ethical Pluralism Argues That in Most Situations

question 54

Multiple Choice

Ethical pluralism argues that in most situations:

• A) There are a lot of alternatives but only one can be correct.
• B) The principle with which the greatest number of people agree is the correct principle.
• C) There are many truths rather than a single truth.
• D) Ethical absolutism applies only when there are a large number of ethical options.

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to products, calculated before the accounting period begins based on estimated costs.

Variable Manufacturing Overhead

This refers to the production costs that change in proportion to the level of manufacturing activity.

Departmental Overhead Rates

Specific overhead rates calculated for different departments within a company, reflecting the unique costs each department incurs.

Machine-Hours

A measure of production output or activity based on the number of hours machines are operating.