Which of the Following Is a Consideration in Meeting the Minimal

question 84

Multiple Choice

Which of the following is a consideration in meeting the minimal standard for a firm to be considered an ethical business?

• A) Meeting the requirements of deontology.
• B) Meeting the requirement of the public disclosure test.
• C) Meeting the requirement of utilitarianism.
• D) Satisfying the company's board of directors.
• E) Considering the legality of a decision when choosing the means of production.

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Definitions:

Output

The amount of something produced by a person, machine, or system.

Double-Entry Bookkeeping System

An accounting method that records each transaction as both a debit and a credit in different accounts, ensuring the accounting equation stays balanced.

Single-Entry System

A rudimentary accounting method where entries are made in a single record, typically focusing only on cash flow and personal accounts.

Computerized Ledger System

A digital system for recording the financial transactions of a business or organization, providing an organized way to store, manage, and report financial data.