The Contention That Ethical Standards Should Reflect the Collective Views

question 112

Multiple Choice

The contention that ethical standards should reflect the collective views of multiple societies in establishing a set of universal ethical principles (that are widely recognized as laying legitimacy to ethical boundaries on actions and behavior in all situations) and in allowing inclusion of a set of prevailing customary actions of local cultures or groups (with their traditions and shared values) , that further prescribe to what represents ethically permissible behavior and what does not, constitutes the basic principles of

• A)the school of ethical relativism.
• B)the school of ethical universalism.
• C)integrated social contracts theory.
• D)corporate social responsibility.
• E)the triple bottom line.

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Definitions:

Predetermined Overhead Rate

An estimated charge per unit of activity used to allocate overhead costs to products or services, calculated before the accounting period begins.

Machine Hours

A measure of the total running time of machinery used in production over a specific period, often used to allocate costs based on machine usage.

Job Cost Sheets

Documents that track the materials, labor, and manufacturing overhead costs incurred for a specific job in a cost accounting system.

Job Order Costing

An accounting method used to track the costs associated with producing a specific batch of products or performing a specific job.