According to Thomson's Second Principle, If You Can Save Five

question 43

Multiple Choice

According to Thomson's Second Principle, if you can save five people's lives by sacrificing your own life, then

• A) You are morally required to kill yourself.
• B) You are NOT morally required to kill yourself.
• C) You may kill someone else in your place.
• D) Someone else may kill you.

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Definitions:

Cost Objects

Any item for which a separate measurement of costs is desired; examples include a product, a service, a project, or a customer.

ABC

Can refer to Activity-Based Costing, a method of assigning costs to products or services based on the resources they consume.

Activities

In a business context, activities refer to the various tasks, operations or functions performed within the organization to achieve its objectives.

Drive Costs

Strategies or actions taken to reduce, control, or manage expenses in a business to improve profitability.