A Way to Minimize the Need for High-Pressure Ethical Decision

question 33

Multiple Choice

A way to minimize the need for high-pressure ethical decision making situations in business is by:

• A) getting down to every detail of what to permit or prohibit in positively managing a firm's external relations.
• B) using lapses in external relations as learning experiences for the rest of the firm by talking openly about the issues.
• C) excluding the lessons of legitimacy,social networking,crisis management,sustainability,and ethical decision making from everyday activities.
• D) getting emotional when counseling around external relations issues and by keeping the consequences of external relations lapses inconsistent.

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Definitions:

Perpetual Moving Average

A method in inventory management where the average cost of inventory is recalculated after each acquisition or sale, ensuring up-to-date and accurate inventory valuations.

Ending Inventory

The total value of all the inventory a company has on hand at the end of its fiscal period, computed under specific costing methods.

Purchase Units

These are quantities of goods a company acquires to sell in the course of business.

FIFO Method

An inventory valuation method that assumes goods are sold in the order they were acquired, standing for "First In, First Out."