Which of the Following Is a Fundamental Factor in Having

question 2

Multiple Choice

Which of the following is a fundamental factor in having an effective ethical corporate culture?

• A) tone at the top (i.e., ethical leadership)
• B) efficient oversight by the company's Board of Directors
• C) workplace ethics
• D) code of conduct
• E) tone at the top and workplace ethics

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Definitions:

Gross Profit Method

An inventory valuation method used to estimate the cost of goods sold and ending inventory levels by applying a gross profit margin to sales.

Gross Profit Ratio

The gross profit ratio is a financial metric that measures the proportion of money left over from revenues after accounting for the cost of goods sold (COGS), expressed as a percentage.

Estimated Cost

An approximation of the cost or expenditure associated with an activity, project, product, or service, made in the absence of precise information.

Gross Profit Ratio

A financial metric expressing the gross profit as a percentage of net sales, indicating the efficiency of production or service delivery.