Ethics Focuses on Those Actions That May Result in Actual

question 57

True/False

Ethics focuses on those actions that may result in actual or potential harm of some kind to an individual,group,or organization.

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Definitions:

Product Returns

Items that are sent back to the seller by the purchaser due to defects, dissatisfaction, or other reasons.

Variable Selling

Costs associated with selling activities that fluctuate with the level of sales, such as commissions and shipping charges.

Income Statements

Financial documents summarizing a company's revenues, expenses, and profits over a specific period, showing its financial performance.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes towards covering fixed costs and generating profit.