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:

Absorption Costing

Absorption costing is an accounting method that includes all direct and indirect manufacturing costs in the cost of a product.

Manager Bonuses

Extra compensation awarded to managers based on performance criteria or company profitability.

Absorption Costing

An accounting method that includes all manufacturing costs – direct materials, direct labor, and both variable and fixed overhead – in the cost of a product.

Income

The financial gain received by an individual or a business, typically from employment, investments, or sales of goods and services.