The Concept of Utility Is Fundamental to Utilitarianism and Describes

question 69

Multiple Choice

The concept of utility is fundamental to utilitarianism and describes the:

• A)method whereby wealth is stored
• B)method by which society chooses to allocate resources
• C)optimal distribution of wealth in society
• D)level of satisfaction derived from a person's circumstances

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Definitions:

Dividend Journal

A financial record that tracks dividends declared and paid by a company to its shareholders.

Receiving Report

A document that records the details of goods received from a supplier, verifying the quantities and condition of the goods.

Check Register

A record of checks written, deposits made, and balances in a checking account.

Vouchers Payable

An accounting term that represents the obligation of a business to pay for goods or services that have been received, but not yet paid for.