Which of the Following Is the Most Useful Budget for a Wedding

question 6

Multiple Choice

Which of the following is the most useful budget for a wedding business looking at the profitability of each wedding?

• A) Cash flow budget
• B) Purchasing budget
• C) Wage budget
• D) Project budget

Understand the various perspectives and theories of ethical behavior in business.

Identify what constitutes ethical dilemmas and how they manifest in professional settings.

Recognize the importance of ethical behavior in enhancing corporate culture and stakeholder relationships.

Differentiate between the moral-rights view, utilitarian view, justice view, and individualism view of ethics.

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Definitions:

Self-serving Bias

A cognitive bias that involves perceiving oneself in a way that is overly favorable, such as attributing successes to personal attributes but failures to external factors.

Unintentional Action

An act performed without conscious thought or intention.

Due to Exhaustion

A state or condition caused by severe physical or mental fatigue, often resulting from extreme effort or stress.

Availability Heuristic

The tendency to judge the frequency or likelihood of an event by the ease with which relevant instances come to mind