According to the Text,why Do Most Employees in Organizations Succumb

question 38

Multiple Choice

According to the text,why do most employees in organizations succumb to questionable ethical standards or only follow formal policies?

• A) Most people are in the conventional and principled levels of moral development.
• B) Few organizations develop and enforce very stringent codes of ethics.
• C) Most people are in the preconventional and conventional levels of moral development.
• D) Few people in an organization are considered stakeholders or stockholders.
• E) Most people exhibit behavior that is close to the principled level of moral development.

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Definitions:

Markup

The amount added to the cost of merchandise to arrive at the selling price, usually expressed as a percentage of the cost.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.

Absorption Costing

An accounting method that includes all production costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.

Markup Percentage

The percentage added to the cost of goods to cover overhead and profit, calculated as markup divided by the cost of the goods.