The ___________ States That an Ethical Decision Should Maximize Benefits

question 52

Multiple Choice

The ___________ states that an ethical decision should maximize benefits to society and minimize harms.

• A) principle of value
• B) theory of cost-benefit analysis
• C) principle of efficacy
• D) principle of utility

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Definitions:

Salvage Value

The anticipated recovery value of an asset when it no longer has usable life.

Straight-Line Method

A method of calculating depreciation by evenly allocating the cost of an asset minus its salvage value over its estimated useful life.

Office Furniture

Items and fixtures used in an office setting for the purpose of work, including desks, chairs, and file cabinets.

Revised Annual Depreciation

The updated calculation of depreciation expense per year after making any necessary adjustments to asset value or useful life.