When the Gap Posts the Results of Its Ethics Audit

question 31

Multiple Choice

When The Gap posts the results of its ethics audit on its website, it is engaged in which of the following steps of the ethics auditing process?

• A)Submit the results to the U.S. Sentencing Commission.
• B)Define the scope of the audit.
• C)Collect and analyze relevant information.
• D)Verify the results.
• E)Report the results.

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Definitions:

Labor

The human effort, either physical or mental, that is used in the production of goods and services.

Overhead

Indirect costs related to manufacturing or business operations that do not directly tie to a specific product or activity, such as utilities, rent, and management salaries.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the amount of work done on them.

Materials

Items or substances from which something is made or can be made, often used in the context of production or manufacturing.