According to Bentham, What Are the Only Things on Which

question 163

Multiple Choice

According to Bentham, what are the only things on which we base our decisions about what to do?

• A) Pleasure and pain.
• B) Rightness and goodness.
• C) Rights and duties.
• D) Motives and consequences.

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Definitions:

Special Journal

A financial journal designed for recording a specific type of transaction in a more efficient manner.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid out, regardless of when the transactions occurred.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material, labor, and manufacturing overhead expenses.