Which of the Following Is Not Necessarily a Benefit of Using

question 19

Multiple Choice

Which of the following is not necessarily a benefit of using ethics as a business strategy?

• A)Firm's profits increase
• B)Affords opportunity for planning
• C)Creates goodwill in the community
• D)All of the above are benefits.

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Definitions:

Gross Profit Method

A technique used for estimating inventory and cost of goods sold, calculated by applying a gross profit percentage to sales.

Retail Inventory Method

An accounting method used by retailers to estimate inventory value by converting retail prices to cost prices.

Perpetual Inventory

A system of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.