Which of the Following Is True Regarding Business Ethics

question 20

Multiple Choice

Which of the following is true regarding business ethics?

• A)Business ethics results in a set of correct decisions and does not simply refer to standards of business conduct.
• B)Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of rule utilitarianism is followed.
• C)Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of virtue ethics is followed.
• D)Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of deontology is followed.
• E)Business ethics refers to standards of business conduct but does not result in a set of correct decisions.

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Definitions:

Departmental Overhead Rates

Calculated rates used to allocate overhead costs to specific departments or units within a business.

Machine Hours

A measure of the amount of time a machine is operated, used in assessing cost or efficiency in production.

Manufacturing Cost

The total expense incurred in the process of producing a product, including direct materials, direct labor, and manufacturing overhead.

Activity-Based Costing

An accounting method that assigns costs to products based on the activities they require.