Moral Standards Concern Behavior That Is

question 5

Multiple Choice

Moral standards concern behavior that is

• A)of serious consequence to human welfare
• B)subject to legal assessment
• C)performed only by businesses
• D)of trivial importance

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Definitions:

Net Sales

The total revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.

Return on Total Assets

A financial ratio that measures a company's efficiency in generating profit from its assets, calculated by dividing net income by total assets.

Net Income

Refers to the profit that remains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.

Average Total Assets

A financial metric calculated by taking the average of a company’s total assets at the beginning and the end of an accounting period to assess overall asset efficiency.