In a Business Setting,which of the Following Practices Is Most

question 57

Multiple Choice

In a business setting,which of the following practices is most likely to be considered as unethical?

• A)allowing managers within a company to act in accordance with rights theories
• B)promoting employees who engage in ethical behavior and penalizing those who do not
• C)hiring independent auditors to ensure that subcontractors used by the company are living up to its code of conduct
• D)making sure that key business decisions make good economic sense irrespective of their social costs and risks
• E)informing prospective employees about the ethical climate in the organization

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Definitions:

Materials Price Variance

The variance between the real expense of materials and their anticipated (or standard) cost.

Direct Labor-hours

The total hours worked by employees directly involved in the production process, used as a basis for allocating labor costs to products or job orders.

Variable Overhead Efficiency Variance

The difference between the expected (standard) and actual variable overhead costs based on the actual level of an activity.

Variable Manufacturing Overhead

The portion of manufacturing overhead costs that varies directly with the volume of production, such as utilities for machinery.