Major Problems with the Utilitarian Reliance on Measurement Include

question 11

Multiple Choice

Major problems with the utilitarian reliance on measurement include:

• A) Comparative measures of the values things have for different people cannot be made; we cannot get into each others' skins to measure the pleasure or pain caused.
• B) All benefits and costs are possible to measure.
• C) The potential benefits and costs of an action cannot always be reliably predicted.
• D) All the above
• E) A & C

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Definitions:

Reciprocal Services

Services exchanged between departments within an organization or between companies without direct monetary payment, often valued and accounted for through internal mechanisms.

ABC

An abbreviation for Activity-Based Costing, a method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Direct Method

A cash flow statement preparation method that shows the specific sources of operating cash receipts and payments, contrasting with the indirect method.

ABC

Activity-Based Costing, an accounting method that assigns costs to products and services based on the activities and resources used in their creation and delivery.