Which of the Following Is NOT One of the 5

question 2

Multiple Choice

Which of the following is NOT one of the 5 questions in Graham Tucker's original approach to ethical decision making?

• A) Is it profitable?
• B) Is it right?
• C) Is it fair?
• D) Is it legal?
• E) Does it demonstrate the virtues expected?

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Definitions:

Actual Direct Labour Hours

The real number of labor hours spent on a production process as opposed to planned or estimated hours.

Manufacturing Overhead Cost

Indirect costs related to manufacturing that are not directly tied to a specific product, such as factory maintenance and utilities.

Normal Costing System

An accounting system that assigns costs to products based on the normal levels of materials, labor, and overhead.

Inventory Accounts

Accounts used to track the cost of goods a company has in stock during an accounting period, including raw materials, work in progress, and finished goods.