Ethics in Business Is

question 41

Multiple Choice

Ethics in business is:

• A)The essential application of ethical standards in business, throughout every aspect and element of the business.
• B)A nuisance.
• C)An expensive luxury.
• D)A necessary evil.

Recognize the role and effect of communication in conflict management.

Analyze the sources and impacts of conflict within organizational structures.

Understand methods for managing difficult personalities in a work environment.

Learn strategies to deal with personal and inner conflicts.

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Definitions:

Predetermined Overhead Rate

A rate determined prior to the start of a period, designed for assigning anticipated overhead expenses to products or job orders, utilizing a selected activity basis for calculation.

Manufacturing Overhead

Costs in the manufacturing process that are not direct labor or materials.

Direct Labor-Hours

A measure of the labor directly involved in manufacturing a product, expressed in hours.

Predetermined Overhead Rate

A pre-determined rate for distributing overhead expenses to products or job orders, calculated prior to the beginning of the period using projected costs and estimated levels of activity.