Because a Corporation Can Be Considered a Moral Agent, It

question 10

Multiple Choice

Because a corporation can be considered a moral agent, it is therefore

• A)obligated to perform philanthropic responsibilities.
• B)required to have an ethics officer.
• C)responsible to society for its actions.
• D)required to adopt moral philosophies.
• E)willing to act ethically.

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Definitions:

Fixed Manufacturing Overhead

The production costs that do not vary with the volume of production, such as salaries of managers and depreciation of equipment.

Net Operating Income

The profit generated from a company's core business operations, excluding deductions of interest and taxes.

Direct Labour

The wages or salaries paid to employees who are directly involved in the manufacturing or production of goods.

Bottleneck Operations

Stages in the production process that limit the overall output because they have a lower capacity compared to other stages.