Ethical Relativism Holds That

question 16

Multiple Choice

Ethical relativism holds that

• A) There is no objective right and wrong.
• B) Right and wrong are not really knowable.
• C) Some actions are more right than others.
• D) All actions are equally moral.

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Definitions:

Unit Product Cost

The total cost (both fixed and variable) associated with producing one unit of a product.

Direct Labor-hours

Total work hours contributed by staff directly associated with the production of a product or the offering of a service.

Manufacturing Overhead

Indirect costs related to manufacturing that cannot be directly traced to specific units produced, such as electricity or maintenance.

Fixed Manufacturing Overhead

The fixed costs that are incurred during the manufacturing process, including costs such as rent, insurance, and salaries for management, that do not vary with production volume.