Ethics Are

question 42

Multiple Choice

Ethics are:

• A) what a person should do.
• B) what a person should not do.
• C) the application of moral principles to help guide one's decisions and behavior.
• D) abstract philosophical doctrines governing behavioral practices.

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Definitions:

Variable Costs

Expenses that adjust in proportion to the amount of production or the intensity of business operations.

Fixed Costs

Expenses that remain constant regardless of the amount of production or sales, including rent, salaries, and insurance.

Finished Goods Inventory

The inventory of finished goods available for sale but have not been bought by consumers yet.

Cost Of Goods Manufactured

The total cost incurred by a company to produce goods during a specific period, including costs of materials, labor, and overhead.