One Big Problem with the Utilitarian Ideal Is That It

question 55

Multiple Choice

One big problem with the utilitarian ideal is that it

• A)ignores fairness.
• B)ignores equality.
• C)ignores the costs of making income transfers.
• D)all of the above
• E)none of the above

---

Definitions:

Plant Asset

Plant asset refers to long-term tangible property, plant, and equipment that a company uses in the production of its goods and services.

Operating Efficiency

A measure of how well a company uses its assets and liabilities internally to generate revenue.

Exchange Of Plant Assets

Transactions involving the swap of fixed assets, such as machinery or buildings, between entities, often due to operational needs or upgrades.

Commercial Substance

A concept in accounting indicating that a transaction has caused a significant change in the economic circumstances of a business.