Which of the following is a criticism of ethical relativism?
A) Moral and ethical rules are too rigid and fixed over time.
B) Decisions require the measurement of qualities, which are not subject to precise
measurements.
C) Some persons would take actions, which they believe to be moral, but which most
persons in society believe to be immoral.
D) Decisions are not allowed to take into account a particular person's station or place in
society.
C
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You should visualize inventory as stacks of money sitting on forklifts, on shelves, and in trucks and planes while in transit.
Answer the following statement true (T) or false (F)
If you receive a job offer while other offers are still pending, which of the following would be least appropriate when asking for a time extension?
A) Explain your continued interest in the job B) Provide specific reasons why you need more time to reach a decision C) Ask for more time to consider the offer D) Assure the reader you will respond by a specific date E) Explain why the pending offer is more intriguing
Will and Brenda live in New York City are both aged 66 and always file a joint tax return. During the current year, they provide all the support for their son who is 20, has no income, and is a part-time college student. Their daughter, age 22 and a full-time student at Columbia University, has $4,800 as income. Which of the following is true of Will and Brenda's tax return?
A. Neither their son nor their daughter is a dependent. B. Only their daughter is a dependent. C. Only their son is a dependent. D. Both their son and their daughter are dependents.
Cadavieco Corporation has provided the following data for its two most recent years of operation:?Selling price per unit$90????Manufacturing costs:?? Variable manufacturing cost per unit produced:?? Direct materials$13? Direct labor$6? Variable manufacturing overhead$4?Fixed manufacturing overhead per year$224,000?Selling and administrative expenses:?? Variable selling and administrative expense per unit sold$5? Fixed selling and administrative expense per year$74,000??Year 1Year 2?Units in beginning inventory01,000?Units produced during the year8,0007,000?Units sold during the year7,0005,000?Units in ending inventory1,0003,000Required:a. Assume the company uses absorption costing. Compute the unit product cost in each
year.b. Assume the company uses absorption costing. Prepare an income statement for each year.c. Assume the company uses variable costing. Compute the unit product cost in each year.d. Assume the company uses variable costing. Prepare an income statement for each year. What will be an ideal response?