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.

---

Definitions:

Variable Overhead

The portion of overhead costs that varies directly with production volume, such as raw materials and labor hours.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a cost or expense over a particular period.

Budgeted Overhead

The estimated cost of overhead expenses planned for a specific period, including items such as utilities, rent, and indirect labor.

Applied Fixed Overhead

The portion of fixed overhead costs allocated to individual units of production based on a predetermined rate.