A Code of Ethics Should Be Guided by All of the Following

question 46

Multiple Choice

A code of ethics should be guided by all of the following areas of concern, except:

• A) Citizenship
• B) Responsibility
• C) Integrity
• D) Competition

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Definitions:

Preset Costs

Preset costs are predetermined expenses that a company expects to incur in the carrying out of its operations.

Product

A good or service that is created through a process and is available for sale to consumers.

Service

The act of providing assistance or benefits to customers or clients without the sale of tangible goods.

Price Variances

A measurement of the difference between the actual cost of a good or service and its expected cost.