Utilitarianism Refers to

question 4

Multiple Choice

Utilitarianism refers to

• A)the idea that the goal of society should be the greatest good for the greatest number
• B)the idea that people with the greatest utility to society as a whole should benefit the most from policies
• C)the study of electricity, water and sewage systems
• D)both a and b

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Definitions:

Direct Labor

The wages paid to employees who are directly involved in the production of goods or provision of services, considered a variable cost.

Direct Labor Rate

The cost per hour for labor directly involved in the production of goods or services.

Indirect Labor Rate

The cost of labor that cannot be directly traced to the production of goods or services, but is necessary for the process.