Which of the following statements is false? A variance is the difference between the budgeted amount and actual amount. Variance analysis enhances responsibility accounting. Standard costs (e. g., how much should be paid for each unit of input) are benchmarks for measuring performance. Managers should investigate only unfavorable variances.

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?