Which of the Following Statements Is True of a Utilitarian

question 52

Multiple Choice

Which of the following statements is true of a utilitarian?

• A) A utilitarian believes that arson is sometimes ethical and not always wrong.
• B) A utilitarian will always keep his promises to a friend and follow the law.
• C) A utilitarian is not necessarily concerned with the welfare of others.
• D) A utilitarian compares similar predicted solutions and uses a point system.

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Definitions:

FIFO Method

First-In, First-Out, an inventory valuation method where the first items purchased are the first ones to be removed from inventory.

Units Started and Completed

This term refers to items or products that begin and finish production within a specific accounting period, in the context of manufacturing or process accounting.

Applied Overhead

is an estimate of indirect costs assigned to individual units of production based on a predetermined rate.

Applied Overhead

The portion of overhead costs allocated to specific jobs or production activities based on a predetermined formula or rate.