Select the Best Definition of Ethics

question 1

Multiple Choice

Select the best definition of ethics:

• A)a set of rules for behavior.
• B)a menu of options regarding what we must do.
• C)amenu of options regarding what we should do.
• D)standards that must be met to avoid penalty.

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Definitions:

ABC

A refined costing method that determines the cost of activities without distortions and allocates costs based on activities that generate costs in specific products and services.

Products

Goods or services offered by a business or manufacturer to consumers for purchase.

Allocated Overhead

The process of distributing indirect costs to various departments, projects, or products based on a certain formula or method.

Activity-based Management

A method of management that focuses on business activities for improving the value received by the consumer and the profit gained by providing this value.