Which of the Following Is an Accurate Statement

question 60

Multiple Choice

Which of the following is an accurate statement?

• A)There is a complete list of adequacy criteria for moral judgments that philosophers all agree on.
• B)Professional codes are the rules that are supposed to govern the conduct of members of a given profession.
• C)Professional codes of ethics provide a complete and reliable guide to one's moral obligations.
• D)People who are exclusively concerned with their own interests tend to have happier and more satisfying lives than those whose desires extend beyond themselves.

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Definitions:

Direct Labor Rate Variance

The difference between the actual costs of labor and the expected (or standard) costs, based on the hourly wage rates times the number of hours worked.

Direct Labor Time Variance

The difference between the actual hours worked by employees at the standard rate and the expected hours at the standard rate, for manufacturing a product.

Total Cost Variance

The difference between the budgeted or standard cost of production and the actual cost incurred.

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the standard cost, indicating cost management efficiency.