On an Average Day, Your fiRm Writes 20 Cheques with an Average

question 73

Multiple Choice

On an average day, your firm writes 20 cheques with an average amount of $430. These cheques clear your bank in an average of 4 days. What is the average amount of your disbursement float?

• A) $1,720
• B) $2,150
• C) $8,600
• D) $17,200
• E) $34,400

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Definitions:

Rule Utilitarianism

A form of utilitarianism that says an action is right as it conforms to a rule that leads to the greatest good, or that "the rightness or wrongness of a particular action is a function of the correctness of the rule of which it is an instance."

Act Utilitarianism

A moral theory that suggests an action is right if it leads to the most happiness for the greatest number of people, evaluating each act separately.

Overall Utility

Refers to the total benefit or satisfaction gained from consuming a good or service, taking into account all aspects of its use.

Moral Philosophy

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.