When Evaluating a Decision Based on the Ethical Norm of Justice,a

question 92

Multiple Choice

When evaluating a decision based on the ethical norm of justice,a manager will consider which of the following questions?

• A) Does the decision optimize the satisfaction of all constituencies?
• B) Is the decision consistent with what we regard as fair?
• C) Does the decision respect the rights of the individuals involved?
• D) Is the decision consistent with people's responsibilities to each other?
• E) How much will the decision cost if it is wrong?

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Definitions:

Master Budget

A comprehensive financial planning document that combines all of the individual budgets related to sales, cost of goods sold, operating expenses, and other activities into one consolidated plan.

Sales Volume

The quantity of products or services sold by a company within a specific period.

Standard Cost Performance Report

A financial analysis tool that compares actual costs incurred to standard costs, identifying variances for managing performance.

Variance Analysis

The process of investigating the difference between planned and actual numbers to understand deviations in financial performance.