The _____ Approach for Resolving an Ethical Dilemma Considers Which

question 94

Multiple Choice

The _____ approach for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people.

• A)ends-based
• B)rules-based
• C)Golden Rule
• D)Volcker's Rule

---

Definitions:

Unit Fixed Expenses

These are expenses that do not change with the level of production or sales within a certain range and are calculated per unit of product.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a finished unit of product.

Variable Costing

A costing method that includes only variable costs—those that change with production volume—in product pricing and decision-making.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.