Place in Order, from 1 to 8, the Steps to Process

question 22

Short Answer

Place in order, from 1 to 8, the steps to process an ethical dilemma. ___
A) Determine the best action with the strongest ethical support.
B) Gather and verify the information.
C) Implement the action.
D) Examine possible actions and the consequences of each action.
E) Identify the ethical dilemma. ___
F) Determine the ethical foundation for each action.
G) Identify the stakeholders and their values.
H) Evaluate the outcome.

• A) Determine the best action with the strongest ethical support.
• B) Gather and verify the information.
• C) Implement the action.
• D) Examine possible actions and the consequences of each action.
• E) Identify the ethical dilemma. ___
• F) Determine the ethical foundation for each action.
• G) Identify the stakeholders and their values.
• H) Evaluate the outcome.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or service activity, such as materials and labor costs, unlike fixed costs which remain constant regardless of activity levels.

Fixed Cost

Represents business expenses that remain constant regardless of the level of production or sales activity, such as rent, salaries, and insurance premiums.

Unit Variable Cost (UVC)

Variable cost expressed on a per unit basis for a product.

Variable Cost (VC)

The sum of the expenses of the firm that vary directly with the quantity of a product that is produced and sold.