What Is the Difference Between Illegal Behaviour and Unethical Behaviour

question 168

Multiple Choice

What is the difference between illegal behaviour and unethical behaviour?

• A) What is illegal varies from country to country, but what is unethical does not.
• B) Illegal behaviour is that which breaks a country's laws, but unethical behaviour may not break any laws.
• C) It is not possible to say what the difference is between illegal and unethical behaviour.
• D) Illegal behaviour covers a broader range of issues than unethical behaviour.
• E) There is no real difference between illegal and unethical behaviour.

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Definitions:

Production Activity

Processes involved in making goods, from raw materials to finished products.

Variable Costing

An accounting method where only variable production costs are included in product cost, with fixed overhead costs treated as period expenses.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Net Profit

The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenue.