Which of the Following Best Captures the Notion of "Wasteful

question 283

Multiple Choice

Which of the following best captures the notion of "wasteful driving" that Sinnott-Armstrong discusses?

• A) Driving a car that is larger or less fuel efficient than necessary.
• B) Driving any car that is entirely powered by gasoline, as opposed to a hybrid or electric car.
• C) Driving solely for the pleasurable experience of driving along a scenic route.
• D) Driving that is not necessary for some important purpose, such as getting to work.

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Definitions:

Operating Expense

Expenses that a business incurs through its normal business operations, often excluding the cost of goods sold, financing costs, and taxes.

Income Statement

A document presenting a business's income and outgoings within a set timeframe, leading to a declaration of either profit or loss.

Ending Capital

Beginning Capital + Additional Investments + Net Income – Withdrawals = Ending Capital. Or: Beginning Capital + Additional Investments – Net Loss – Withdrawals = Ending Capital.

Worksheet

A document used by accountants to gather information from financial statements, adjust and close entries, and prepare financial statements.