The Virtues Ethics Approach to Decision Making Focuses on How

question 21

True/False

The virtues ethics approach to decision making focuses on how one should behave and think about relationships if he or she is concerned with his or her daily life in the community.

---

Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Credit Sales

Sales made on account, allowing customers to pay for goods or services at a later date.

Direct Labor

The wages paid to employees who are directly involved in the production of goods or provision of services, considered a variable cost.

Direct Labor Rate

The cost per hour for labor directly involved in the production of goods or services.