________ Is a Perspective That Acknowledges That the Responsibility of a Business

question 94

Multiple Choice

________ is a perspective that acknowledges that the responsibility of a business encompasses the economic, legal, ethical, and citizenship expectations of society.

• A) Corporate social responsibility
• B) Social exchange theory
• C) Rational choice and responsibility
• D) Consequential egoism
• E) Predicted outcome value theory

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Definitions:

High-low Method

An approach used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Variable Utilities Cost

Expenses for utilities that fluctuate based on consumption levels, such as water, electricity, and gas.

Machine Hour

This term typically refers to the amount of time a machine is operating or available for production in a manufacturing process.

Cost-volume-profit Analysis

A managerial accounting method used to estimate the impact of different levels of cost and volume on operating profit.