When considering ethics, how does an action differ from the consequences of that action?
a. Acts carry moral weight, while consequences are neutral to the person taking the
action.
b. Acts are morally neutral, while consequences have ethical weight.
c. Acts carry concrete moral implications, while consequences are subject to
interpretation.
d. An act has moral implications for the actor, while consequences have moral
implications only for those acted upon.
b. Acts are morally neutral, while consequences have ethical weight.
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In a backflush accounting system, a single account is used for the following:
a. Work in process and finished goods inventories. b. Finished goods inventories and cost of goods sold. c. Factory overhead and raw materials. d. Labor and overhead.
An example of an industry where there is inadequate capacity is ______.
A. the furniture industry B. the retail industry C. the pharmaceutical industry D. the oil refining industry
When analyzing short-term business decisions, what are two important factors?
A) focus on costs that do not change under two alternatives and on historic costs B) focus on qualitative data only and ignore future cash flows C) focus on sunk costs and quantitative data D) focus on relevant costs and use the contribution margin approach
Which of the following is a significant challenge presented by the product life cycle?
A) increased expenses B) increased competition C) new product development D) evaluation of results E) recognizing the stages as a product goes through them