What Philosophical Tradition Utilizes a Cost-Benefit Analysis

question 44

Multiple Choice

What philosophical tradition utilizes a cost-benefit analysis?

• A) Natural law ethics
• B) Utilitarianism
• C) Social contract theory
• D) International law
• E) Marxism

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Definitions:

Prepaid Insurance

An asset account that represents insurance payments made in advance for coverage extending beyond the current accounting period.

Accounts Payable

Amounts owed by a business to its suppliers shown as a liability on a company’s balance sheet and typically due within a short period of time, often 30 to 90 days.

Equipment

Tangible assets used in the operations of a business, not intended for sale, and depreciated over time.

Drawing Account

An account that tracks the amount withdrawn by the owners from the business for personal use.