In Planning a Statement of Core Values and a Code

question 109

Multiple Choice

In planning a statement of core values and a code of ethics for his start-up company,Gordon McDonald realized that ethical organizational activities include all of the following except _____.

• A)treating the public fairly
• B)holding every employee accountable for his or her actions
• C)drawing up a list of product-safety standards
• D)making fairness a top priority

---

Definitions:

Conversion Costs

Costs incurred during the manufacturing process to convert raw materials into finished products, typically including labor and overhead.

First-In, First-Out

An inventory costing method where the costs of the earliest goods purchased or produced are the first to be recognized in determining cost of goods sold.

Enameling Department

A specialized department within a manufacturing company responsible for applying enamel finishes to products.

Conversion Costs

Expenses incurred during the transformation of raw materials into finished products, specifically the sum of direct labor costs and manufacturing overhead costs.