Terms Commonly Used When Discussing Ethical Reasoning Include

question 8

Multiple Choice

Terms commonly used when discussing ethical reasoning include

• A) outcomes approach.
• B) first ethical principles approach.
• C) relativist approach.
• D) All of these are correct.

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Definitions:

Break-even Analysis

A calculation to determine the sales volume at which total revenues equal total costs, indicating no profit or loss.

Contribution Margin Ratios

The ratio of contribution margin (sales minus variable costs) to sales revenue, indicating the percentage of sales revenue that exceeds variable costs.

Break-even Point

The production level at which total revenues equal total expenses, resulting in no profit or loss.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, reflecting a company’s fixed versus variable costs structure.