What Is Mill's Greatest Happiness Principle

question 686

Multiple Choice

What is Mill's Greatest Happiness Principle?

• A) Actions are right if they promote the greatest happiness for the greatest number.
• B) Act only on that maxim that you can at the same time will to be a universal law.
• C) Actions are right in proportion as they tend to promote happiness and wrong as they tend to promote the reverse of happiness.
• D) Act only on maxims that conform with the principle of utility.

---

Definitions:

Intangible Assets

Non-physical assets with value to a business, such as trademarks, patents, goodwill, and copyrights.

Accruals

Accounting adjustments for revenues that have been earned or expenses that have been incurred but have not yet been recorded through a cash transaction.

Accrual Accounting

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

Cash Basis Accounting

An accounting method recording transactions when cash is received or paid, irrespective of when revenues or expenses were incurred.