What Are Business Ethics and Why Are They Important

question 131

Essay

What are business ethics and why are they important?

Calculate variable overhead efficiency variances.

Understand the impact of variable and fixed costs on budgetary outcomes.

Apply budgeting techniques in service and manufacturing settings.

Analyze the effect of actual activity levels on budgeted amounts.

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Definitions:

Predictive Validity

Predictive validity refers to how well a test or tool predicts future outcomes or behaviors.

Content Validity

The extent to which a test measures all aspects of the concept or construct it intends to assess.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations.

Heritability

A measure of how much of the variation in a trait among individuals within a population is due to genetic factors.