Which of the Following Is True of Codes of Ethics

question 100

Multiple Choice

Which of the following is true of codes of ethics?

• A) Fewer small businesses adopt a formal code of ethics now than they did in the past.
• B) The codes are structured to empower employees to make effective decisions confidently.
• C) The codes prescribe appropriate courses of action for every business situation in detail.
• D) Fewer international organizations adopt a formal code of ethics now than in the past.

---

Definitions:

Direct Labor-Hours

The total amount of time spent by workers directly involved in the production of goods, measured in hours.

Total Job Cost

The cumulative cost of materials, labor, and overhead for a specific job, useful in tracking expenses and determining profitability for that job.

Machine-Hours

A measure of the amount of time a machine is used in the production process, often used as a basis for allocating costs to products.

Direct Labor-Hours

The total hours worked by employees who are directly involved in the production of goods or delivery of services.