The Definition of Business Ethics Includes Which of the Following

question 66

Multiple Choice

The definition of business ethics includes which of the following points?

• A)It is a branch of applied ethics.
• B)It is fully codified in federal statutes.
• C)It has a central authority and universal standards.
• D)It seeks to determine what is good and right in business settings.
• E)Both (a) and (d).

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Definitions:

Added to Production

The process or action of incorporating additional inputs or resources into the production process to increase output.

Cost Per Equivalent Unit

A calculation used in process costing that determines the cost assigned to each unit, taking into account units that are partially completed at the end of a period.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale.

Weighted-Average Method

An inventory costing method in which the cost of goods available for sale is divided by the total units available for sale, resulting in a weighted average cost per unit.