Which Ethical Principle Asks You to Assume That Virtually All

question 44

Multiple Choice

Which ethical principle asks you to assume that virtually all tangible and intangible objects are owned by someone else unless there is a specific declaration otherwise?

• A)the Golden Rule
• B)the Slippery Slope
• C)the Social Contract rule
• D)No Free Lunch

---

Definitions:

Vocational School

An educational institution that provides practical and skills-based training aimed at preparing students for specific trades, professions, or careers.

Budgets

Financial plans that estimate revenue and expenditures over a specific period, helping organizations plan their finances.

Standard Costs

Predetermined costs for materials, labor, and overhead used for budgeting and assessing performance.

Variable Overhead

Costs that vary with the level of production output, such as utilities and commissions.