Which of the Following Terms Best Describes the Ethical Approach

question 104

Multiple Choice

Which of the following terms best describes the ethical approach used in option 1?

• A)Universalism
• B)Egoism
• C)Utilitarianism
• D)Relativism
• E)Virtue ethics

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Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold, often expressed as a percentage of sales.

Dividends

Payments made by a corporation to its shareholder members, typically from profits.

Market Price

The ongoing rate for buying or selling an asset or service in a particular market.

Return On Total Assets

A financial ratio that measures a company's effectiveness in using its assets to generate profit, calculated by dividing net income by the average total assets.