When Ethical Principles Are Chosen as a Basis of What

question 69

Multiple Choice

When ethical principles are chosen as a basis of what is considered right,regardless of society's views,the _____________ orientation has been used.

• A) Law and order
• B) Mutual interpersonal
• C) Social contract
• D) Universal ethical principles
• E) Exchange

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Definitions:

Accounts Receivable

Money owed to a business by its clients for goods or services that have been delivered or sold but not yet paid for.

Cash Amount

The total value of cash on hand or in bank accounts, easily accessible for immediate use by the business.

Cost of Merchandise Sold

The direct costs attributable to the goods sold by a company, including purchase price, freight, storage, and packaging.

Inventories

Assets held for sale in the ordinary course of business, or in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process.