The AACSB Ethics Education Taskforce Has Called for Business Students

question 20

Multiple Choice

The AACSB Ethics Education taskforce has called for business students to be familiar with the following approaches to ethical decision making:

• A)Consequentialism, deontology, and virtue ethics
• B)Consequentialism, deontology, and moral imagination
• C)Distributive justice, deontology, and virtue ethics
• D)Distributive justice, deontology, and moral imagination
• E)Consequentialism, deontology, and distributive justice

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Definitions:

Variable Costing

An accounting method that only allocates variable production costs to products, excluding fixed costs.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Operating Income

The profit realized from a business's core operating activities, excluding costs and revenues from non-operating activities.

Variable Costing

An accounting methodology that only includes variable production costs (costs that change with the level of output) in product costs.