In the Ethical Decision-Making Process, Once One Examines the Facts

question 16

Multiple Choice

In the ethical decision-making process, once one examines the facts and identifies the ethical issues involved, one should next ____.

• A)make the decision
• B)consider the available alternatives
• C)monitor and learn from the outcomes
• D)identify the stakeholders

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Definitions:

Revenue and Spending Variance

The difference between the expected (budgeted) and actual amounts of revenue and expenses.

Flexible Budget Performance Report

A financial report that compares actual operating results to budgeted amounts adjusted for actual activity levels.

Activity Variance

The difference between the planned budget of an activity and the actual expenses incurred.

Net Operating Income

The earnings derived from the primary activities of a business before the subtraction of any taxes and interest charges.