Using Results-Oriented Performance Criteria to Judge What Is Best for Most

question 67

Multiple Choice

Using results-oriented performance criteria to judge what is best for most people in a business organization is an application of which view of ethical behaviour?

• A) the utilitarian view
• B) the individualism view
• C) the collectivism view
• D) the moral-rights view
• E) the justice view

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Definitions:

Break-Even Point

The production level or sales volume at which total revenues equal total costs, resulting in neither profit nor loss.

Margin of Safety

The difference between actual sales and the break-even point, indicating the level of risk in not covering fixed costs.

Composite Units

A measure used in costing to represent a bundle or mix of goods or services treated as a single unit.

Break-Even Point

The financial state in which total costs equal total revenues, resulting in neither profit nor loss.