Which of the Following Approaches to Ethical Standards for Corporate

question 18

Multiple Choice

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action treats everyone equally and in a just manner?

• A) fairness approach
• B) virtue approach
• C) utilitarian approach
• D) rights approach

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Definitions:

Sales Forecasting

The process of estimating future sales volumes to help businesses plan their inventory, cash flow, and workforce needs.

Target Costing

A pricing strategy wherein prices are determined based on what consumers are willing to pay, and then costs are worked backward to ensure profitability.

Causal Relationship

A connection between two variables where a change in one directly causes a change in the other.

Percentage of Sales

The percentage of sales method relates various financial figures as a percentage of a company's total sales, used for analysis and forecasting.