Outcome-Based Ethics Determines What Is Ethical by Looking at the Potential

question 4

True/False

Outcome-based ethics determines what is ethical by looking at the potential benefits and harms of a given action.

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Definitions:

Minimum Selling Price

The lowest price at which a product or service can be sold while still covering its production or procurement costs.

Variable Costs

Costs that change in direct proportion to the level of production or sales amount.

Allocated General Overhead

The portion of indirect costs assigned to a specific department, project, or production process.

Segment Margin

The amount of profit or loss generated by a particular segment of a business, after accounting for the direct costs and overheads attributable to that segment.