Identify the Correct Statement Regarding Business Ethics

question 29

Multiple Choice

Identify the correct statement regarding business ethics.

• A)Business ethics seeks to proscribe those behaviors that maximize an organization's profit.
• B)Business ethics and organizational architecture are independent of each other.
• C)Business ethics and organizational architecture are interdependent.
• D)Business ethics seeks to proscribe those behaviors that maximize an employee's productivity.

---

Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, used in determining the value of inventory on the balance sheet and for assessing asset impairment.

Write-Down

An accounting practice of reducing the book value of an asset because it's overvalued compared to the market value.

Financial Statements

Compiled reports detailing the financial position, performance, and cash flows of a business over a specific period.

Beginning Inventory

The value of inventory held by a company at the start of an accounting period, used in calculating cost of goods sold.