Which of the Following Ideas Describes the Concept of "Utilitarianism

question 118

Multiple Choice

Which of the following ideas describes the concept of "utilitarianism"? I.Utilitarianism was introduced in the 1930s.
II.Utilitarians believed that a society should strive to make as many people as happy as possible.
III.Utilitarians claimed that taking money from rich people and giving it to poorer people would not make an economy better off.

• A)I only
• B)II only
• C)I and III
• D)II and III
• E)I,II,and III

---

Definitions:

Nonspendable

Funds that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Assigned

Assigned typically refers to the allocation or designation of tasks, resources, or responsibilities to a person or a team within an organization.

Restricted

Refers to assets or conditions that are limited in terms of access, use, or transferability due to legal, contractual, or regulatory requirements.

Modified Accrual Accounting

A method of accounting that recognizes revenues when they become measurable and available to finance expenditures of the fiscal period, and expenditures are recognized when the related fund liability is incurred.