Which of the Following Is Not One of the Major

question 46

Multiple Choice

Which of the following is not one of the major approaches to thinking about business ethics?

• A) conventional approach
• B) rights and duties approach
• C) principles approach
• D) ethical tests approach

---

Definitions:

Merchandise

Goods bought and sold by retailers.

Cash Collections

The process of gathering monies that are owed to a business by its customers or clients.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, prior to any purchases or production during the period.

Ending Inventory

The value of goods available for sale at the end of an accounting period after goods sold are subtracted.