John Stuart Mill | Utilitarianism

question 98

Multiple Choice

John Stuart Mill | Utilitarianism
Mill criticizes existing ethical theories based on abstract principles that fail to apply directly to human action and its consequences. He builds on earlier conceptions of utilitarianism from Epicurus to Bentham by distinguishing between different qualities of human pleasure, which include both the intellectual and the sensual (the higher and lower pleasures) .
-According to Mill, even those who reject the principle of utility still agree with utilitarians that ___________ plays a significant role in their ethical doctrines.

• A) happiness
• B) duty
• C) character
• D) nobility

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Definitions:

Variable Costing

A costing method in which only variable production costs are assigned to inventory and cost of goods sold, excluding fixed manufacturing overhead.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, culminating in net income or loss.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted.

Variable Cost

A cost that changes in proportion to the level of activity or volume of production in a business.