What Is an Unwritten Guideline or Rule of Behavior

question 10

Multiple Choice

What is an unwritten guideline or rule of behavior?

• A)Moral
• B)Ethic
• C)Etiquette
• D)Attitude

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Definitions:

Variable Costing

A costing method where variable manufacturing costs are treated as product costs, and fixed manufacturing overhead is treated as a period cost.

Net Income

The amount of earnings left after all expenses, including taxes and costs, have been subtracted from total revenue.

Fixed Overhead

Fixed overhead consists of the consistent, ongoing costs not directly tied to production levels within a business, such as rent, insurance, and salaries.

Inventory

Items held by a company for sale in the ordinary course of business or to be used in producing goods and services for sale.