The Approach to Ethical Behavior Which Proposes That Human Beings

question 30

Multiple Choice

The approach to ethical behavior which proposes that human beings have certain fundamental rights that should be respected in all decisions,thus avoiding interfering with the rights of others is called

• A) individual rights approach.
• B) mercantilism approach.
• C) utilitarian approach.
• D) justice approach.
• E) moral imperialism approach.

Assess the financial performance using flexible budgeting.

Distinguish between spending and activity variances.

Evaluate employee wages and salaries management in budgeting.

Grasp the concept of planning budget and its importance in financial forecasting.

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Definitions:

Present Value

The value today of a sum of money or future cash flows, taking into account a specific rate of return.

Future Cash Flow

The projected movement of money into and out of a business or investment over future periods.

Avoidable Costs

Expenses that can be eliminated if a particular decision is made or if a business operation is discontinued.

Future Costs

Costs that have not yet been incurred but are expected to be spent in the future for operational or investment purposes.