Match the Costs That Might Be Included as Part of the Cost

question 7

Multiple Choice

Match the costs that might be included as part of the cost of inventory to the listed accounting treatment.
-Freight costs incurred by the buyer to ship goods to its place of business

• A)Add to inventory cost
• B)Subtract from inventory cost
• C)Not an inventory cost

Link the concept of corporate social responsibility with the broader principles of business strategy and citizenship.

Identify the ethical considerations in business decisions, including outcome-based ethics and duty-based ethics.

Appreciate the importance of ethical decision-making processes and theories, such as utilitarianism and the principle of rights theory, in business contexts.

Understand the challenges and complexities in interpreting and applying laws ethically in business decisions.

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Definitions:

Glass Escalator

The phenomenon where men in traditionally female-dominated professions advance to higher positions more quickly than their female counterparts.

Women-Dominated Workforces

Refers to fields or industries where the majority of the workforce is female, often seen in sectors like nursing, teaching, and care work.

Promotions

The act of elevating someone to a higher position or rank, often accompanied by increased responsibilities and benefits.

Intellectual Flexibility

The ability to adapt one's thinking and strategies to new situations, challenges, and perspectives, often involving open-mindedness and creativity.