The Following Is a Useful Rule of Thumb When Making

question 32

Multiple Choice

The following is a useful rule of thumb when making operational decisions.Managers should NOT use ________.

• A) variable cost per unit
• B) total variable costs
• C) fixed cost per unit
• D) total fixed costs

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Definitions:

Dual/Multiple Relationships

Occurs when a professional engages in more than one relationship with a client, potentially compromising professionalism or objectivity.

Professional Judgment

The ability to make decisions and draw conclusions in one’s professional field based on expertise, experience, and ethics.

Exploiting the Client

Acting unethically by taking unfair advantage of a client for personal, financial, or other gains, contradicting professional ethical standards.

Dual Relationship

Ethical dilemma arising when a professional holds more than one role with a client, potentially compromising objectivity and confidentiality.