After a Few Years of Being in Business, Employees Who

question 213

Multiple Choice

After a few years of being in business, employees who worked for a start-up software company noticed that the owner overlooked certain questionable actions of high billing associates, versus other employees who worked hard but only brought in an average number of new clients each month. With respect to what you learned in this chapter about the ethical behavior of many Americans, which of the following statements applies here?

• A) This story indicates that moral absolutes are very prevalent today in business settings.
• B) The owner will continue to operate this way until someone blows the whistle.
• C) We cannot expect people in the U.S. to all follow similar ethical patterns because there are too many cultures to deal with. Businesses are no different.
• D) As is often the case today, some leaders will look at each situation individually when making value judgments.

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Definitions:

T-Accounts

A bookkeeping tool that visually represents individual accounts as "T", showing debits on the left and credits on the right.

Production

The process of creating goods or services through the combination of labor, materials, and technology.

Goods Manufactured

The total quantity of products produced by a company during a specific time period.

Goods Sold

Refers to the products that a company sells to its customers, which is a critical component in calculating the revenue of the business.