The Area of Ethics That Is Concerned with Supplying and Justifying

question 26

Multiple Choice

The area of ethics that is concerned with supplying and justifying a coherent moral system of thinking and judging is called

• A) normative ethics.
• B) descriptive ethics.
• C) business ethics.
• D) virtue ethics.

---

Definitions:

Intra-entity Sales

Transactions that occur between divisions or subsidiaries within the same parent company, affecting consolidated financial statements.

Gross Profit

The revenue from sales minus the cost of goods sold, indicating the efficiency of a company's core operations.

Intra-entity Sales

Sales transactions occurring between two parts of the same entity, often involving the transfer of goods or services.

Equity Method

A method for recording investments in which the investor acknowledges its share of investee profits and losses in proportion to its ownership.