Business Managers Need a Set of Ethical Guidelines to Help

question 43

Multiple Choice

Business managers need a set of ethical guidelines to help them:

• A) Understand the changing customs throughout the world.
• B) Justify the resolution which best helps them.
• C) Identify and analyze the nature of the ethical problem.
• D) None of the above.

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Definitions:

Overapplied Overhead

A situation where the estimated manufacturing overhead cost is more than the actual overhead incurred during a period.

Value Chain

A model that describes the full range of activities needed to create a product or service, from initial conception through the various phases of production to the final customer.

Service Entity

An organization or a part of an organization that provides services to customers or internal partners.

Merchandising Entity

A type of business that purchases finished goods for resale, earning a profit by selling these goods at a higher price.