Mill Referred to the Principle of Utility as The

question 12

Multiple Choice

Mill referred to the principle of utility as the:

• A) Greatest ethical principle
• B) Greatest moral principle
• C) Greatest happiness principle
• D) Greatest hypothetical principle

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Definitions:

General Fund

The primary operating fund of a governmental entity used to account for all financial resources except those required to be accounted for in another fund.

Restricted Contribution

Funds given to an entity with specific conditions or purposes attached, limiting their use.

Endowment Contributions

Financial gifts provided to an institution, typically with the stipulation that the principal remains intact while the investment income is used for organizational purposes.

Restricted Fund

Funds that are earmarked for a particular purpose or project by donors or grantors and cannot be freely used for any other expenditures.