In Britain, Thousands Have Protested for and Against Scientific Animal

question 13

Multiple Choice

In Britain, thousands have protested for and against scientific animal testing, with each side trying to make its case in the streets and in the media. What plausible utilitarian argument could scientists and others make in favor of the testing?

• A) Animal testing produces greater net benefits to society than not testing. The pain suffered by test animals is more than offset by the cures and treatments that the tests help develop.
• B) Animals are to be used for the benefit of humankind, so whatever suffering the test animals endure is permissible.
• C) Animals and humans have equal inherent value. Because humans should not be kept in cages, experimented on, and otherwise abused, neither should animals.
• D) Humans have infinite moral worth, but animals have little or none. So, it is permissible to use animals in the service of humans, just as it is permissible to use a hammer to build a house.

Differentiate between different types of financial analyses and their specific uses.

Conduct vertical analysis on financial statements.

Calculate ratios and understand their significance in financial analysis.

Develop a clear understanding of financial statement components through comparative and common-size analyses.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing what is lost by choosing one option over another.

Money Demanded

The total amount of money that households and businesses wish to hold at a given time, often influenced by interest rates.

Fed Buys Government Bonds

The action by the Federal Reserve to purchase government securities from the market, which increases the money supply and lowers interest rates.

Banking System Reserves

The portion of deposits that banks must hold in reserve and not lend out, often held at the central bank to ensure liquidity.