Having Acceptable Personal Ethics Is Probably Not Going to Be

question 15

Multiple Choice

Having acceptable personal ethics is probably not going to be sufficient to handle complex business ethical issues when an individual has

• A)family concerns.
• B)an unethical boss.
• C)limited business experience.
• D)financial training.
• E)a marketing background.

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Definitions:

Mixed Cost

Expenses that contain both fixed and variable components, changing with the level of output or activity.

High-low Method

A technique used in managerial accounting to estimate variable and fixed cost components of a cost formula, using the highest and lowest levels of activity.

Electrical Cost

Expenses associated with the consumption of electricity by a company, home, or another facility, impacting operational budgets.

Fixed Portion

The part of a cost or expense that remains constant regardless of changes in the level of activity or volume of production.