Codes of Ethics Foster Ethical Behavior by

question 27

Multiple Choice

Codes of ethics foster ethical behavior by

• A) expanding the opportunity to behave ethically by providing rewards for following the rules.
• B) limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards.
• C) limiting the opportunity to behave unethically by providing rewards for violations of the rules and standards.
• D) expanding the opportunity to behave ethically by providing punishments for following the rules.
• E) all of the answers are correct.

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Definitions:

Gross Margin

The difference between revenue and the cost of goods sold, indicating the profitability of selling goods.

Direct Expenses

Costs that can be directly attributed to the production of goods or services, such as raw materials and direct labor.

Direct Expense

Costs directly attributable to the production of goods or services, such as materials and labor.

Indirect Expense

Costs that are not directly traceable to a specific product, service, or department, but are necessary for the business to operate.