Which of the Following Statements Accurately Explains the Basic Categories

question 49

Multiple Choice

Which of the following statements accurately explains the basic categories of ethics?

• A) A question of someone's personal character,his or her integrity,is not one of the basic categories of ethics.
• B) Personal integrity,a category of ethics,looks at ethics from an external rather than an internal viewpoint.
• C) Simple truth is an assumption of the four basic categories of ethics.
• D) Rules of appropriate behavior for a community or society is only applicable to closed societies.

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Definitions:

Avoidable Costs

Expenses that can be eliminated if a particular decision is made or if a business operation is discontinued.

Future Costs

Costs that have not yet been incurred but are expected to be spent in the future for operational or investment purposes.

Alternatives

Different options or strategies available for consideration in decision-making processes.

Original Cost

Original Cost refers to the initial monetary value spent to acquire an asset, including purchase price and any other associated costs necessary to get the asset ready for use.