The Ethical Standards of the APA's Ethics Code

question 27

Multiple Choice

The ethical standards of the APA's ethics code

• A) are general ethical principles that researchers apply to their own research situation.
• B) include clear rules for how research should be conducted in specific situations.
• C) provide a set of specific rules for how to solve ethical dilemmas in psychological research.
• D) provide principles for conducting research that are never contradictory.

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Definitions:

Contribution Margin

The surplus of sales revenue over variable costs, showing the extent to which revenue aids in covering fixed costs and generating profit.

Financial Advantage

The benefit gained in a financial context, such as lower costs, higher revenues, or competitive superiority.

Outside Supplier

An entity or company that provides goods or services to another company from outside the purchasing company's internal structure.

Variable Costs

Costs that change in proportion to the level of goods or services produced by a business.