Act Utilitarianism Defines the Morally Right Act for Any Situation

question 8

True/False

Act utilitarianism defines the morally right act for any situation as the act that produces the greatest overall utility for the person doing the act.

---

Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives to solve problems or create useful products.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold. These are considered liquid assets.

Standard Price

A predetermined cost or selling price of a product or service, often used in budgeting and accounting to measure variances in actual cost or price.

Direct Materials

Raw materials directly used in the manufacturing of a product, easily traceable to the finished product.