A Common Point of Contention About Corporations Is

question 7

Multiple Choice

A common point of contention about corporations is

• A) corporate punishment is no different from individual punishment.
• B) modern corporations no longer utilize a CID structure.
• C) philosophers and business theorists disagree whether corporations are moral agents.
• D) if corporations are moral agents, then this relieves individual human beings of any moral responsibility.

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Definitions:

Selling Price

The sum a purchaser spends to acquire a good or service from a vendor.

Absorption Costing

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

Cost-plus Pricing

A pricing tactic in which the final sale price is established by applying a predetermined markup on top of the product's purchase cost.

Return on Investment

A financial ratio measuring the gain or loss generated on an investment relative to the amount of money invested.