With Respect to the Circumstances That Surround Making an Ethical

question 166

Short Answer

With respect to the circumstances that surround making an ethical decision, _____ refers to the probability of the harm or benefit that will occur if you take an action.

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Definitions:

Book Value

The net value of a company's assets as recorded on the balance sheet, minus its liabilities and the par value of any outstanding shares.

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision.

Variable Costs

Payments that are contingent on the amount of production or the scope of sales, covering expenditures like materials and labor.

Variable Costs

Costs that vary directly with the level of production output, such as raw materials and direct labor expenses.