Research Has Concluded That Merely Codifying Ethical Values of a Profession

question 39

Multiple Choice

Research has concluded that merely codifying ethical values of a profession is of limited value without _____.

• A) training members on the code
• B) promoting the code of ethics
• C) asking leadership to behave in a manner consistent with the code
• D) a significant punishment structure
• E) asking for a personal commitment to the code

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead expected for the actual production achieved.

Variable Overhead Efficiency Variance

A measure used in cost accounting to evaluate the efficiency of variable production costs, comparing the actual hours worked to the standard hours expected.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost.

Labor Rate Variance

A measure used in cost accounting to analyze the difference between the actual labor cost incurred and the standard labor cost for the actual labor hours worked.