You and Your Father Are Having an Argument Regarding Ethics

question 129

Multiple Choice

You and your father are having an argument regarding ethics.You are arguing that as long as people do no harm to anyone else,their behavior is ethical.Your father argues that people have responsibilities in the family,community,and other groups that have to be considered and evaluated before a behavior is considered ethical.Jensen would argue that your father is using what worldview to determine ethical behavior?

• A) the ethic of autonomy
• B) the ethic of community
• C) the ethic of culture
• D) the ethic of divinity

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Definitions:

Variable Production Costs

Costs that vary directly with the level of production output, such as raw materials and direct labor.

Absorption Costing

An accounting method that includes all manufacturing costs, both variable and fixed, in the cost of producing each unit of a product.

Variable Costing

An accounting method that only allocates variable costs to the inventory; fixed manufacturing overhead is expensed as incurred.

Cost Structure

The composition of a company's costs, both fixed and variable, that are incurred in the operation of its business.