In Stage 4 of Kohlberg's System Describing the Development of Moral

question 46

Multiple Choice

In stage 4 of Kohlberg's system describing the development of moral reasoning, moral thinking is based on:

• A) principles of universal justification.
• B) appreciation of the relativity of moral values.
• C) individuals fulfilling their responsibilities to society.
• D) each person acting in his own interest and allowing others to do the same.

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Definitions:

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold and excludes fixed manufacturing overhead.

Absorption Costing

A costing method that includes both variable and fixed manufacturing overhead costs in the cost of a product.

Net Income

The net income a business realizes once it has subtracted all outgoings and fiscal charges from its revenue.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.