It Isn't Enough Just to Be Honest

question 53

Multiple Choice

It isn't enough just to be honest.It is also important that managers and corporations act with compassion.To relocate a factory without considering the harm that would cause to one's community would be unethical.This position supports the ________________ principle of ethical analysis.

• A) self-interest
• B) personal virtues
• C) ethic of caring
• D) utilitarian
• E) economic efficiency

---

Definitions:

Sales Discounts

Reductions from the listed or invoice price of goods or services, provided by the seller as an incentive for early payment by the buyer.

Cost of Goods Sold

Expenses directly linked to manufacturing goods for sale, covering both the cost of materials used and the wages for labor.

Closing Process

The year-end procedure used in accounting to transfer balances from temporary accounts to permanent accounts, preparing the books for the next fiscal period.

Selling Expenses

Costs incurred directly and indirectly in making sales, including advertising, commissions, and salaries of sales staff.