The Standard of Utility Is Concerned with Which of the Following

question 10

Multiple Choice

The standard of utility is concerned with which of the following?

• A) the relationships we have with other individuals
• B) whether the positive and negative effects of an action or a policy will be distributed fairly among a group
• C) the positive and negative effects that an action or a policy has, will have, or might have on others
• D) the basic needs and welfare of individuals

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Definitions:

Direct

Pertaining to costs, expenses, or activities that can be specifically traced to a particular project, department, or product without allocation.

Factory Building

A structure purposed for industrial processes including manufacturing, assembling, processing, or handling products.

Rent Expense

The cost incurred for leasing or renting property or equipment for business use.

Factory Overhead

Indirect costs associated with manufacturing, including utilities, rent, and maintenance, that cannot be directly traced to a product.