The Utilitarian Rule States That an Ethical Decision Is One

question 58

Multiple Choice

The utilitarian rule states that an ethical decision is one that

• A)best protects the rights of people affected.
• B)produces the greatest good for the greatest number of people.
• C)distributes benefits and harms in an impartial manner.
• D)can be communicated with no reluctance.
• E)increases the financial effectiveness of the organization.

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Definitions:

Stockholder Investments

Funds or assets invested by shareholders into a corporation, typically through the purchase of stock, representing ownership interest.

Beginning Equity

The value of an owner's interest in a company at the start of the accounting period.

Ending Equity

The value of an owner's interest in a company after all liabilities have been subtracted from the company’s assets at the end of an accounting period.

Accounts

Financial records that track the transactions related to a specific asset, liability, equity, revenue, or expense. These are fundamental components of the accounting system used to compile financial statements.