While Speaking with Your Sales Team, Your Manager Explains, "Anyone

question 189

Multiple Choice

While speaking with your sales team, your manager explains, "Anyone caught breaking a sales law will be fired." After reading about business ethics, you quickly identify this remark as a reference to the firm's ________ ethics.

• A) technology-based
• B) personal responsibility-based
• C) compliance-based
• D) integrity-based

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Definitions:

Delivery Expense

Costs incurred by a business for the transportation or delivery of goods to customers, often classified as an operating expense.

Periodic Inventory System

An inventory accounting system where updates to the inventory accounts occur at specific periods rather than continuously, often requiring a physical count.

Merchandise Inventory

Goods and products that a retailer, wholesaler, or distributor has on hand to sell to customers.

Purchases

In accounting, refers to the acquiring of goods or services that are necessary for the operation of a business or for resale.