Rule Utilitarians

question 58

Multiple Choice

Rule utilitarians

• A) believe that the optimal moral code will not normally produce 100% compliance.
• B) believe that the optimal moral code would consist of only one rule, namely, always act so as to maximize happiness.
• C) assume that everyone will always follow the rules, all the time.
• D) believe that an action is wrong if it fails to maximize happiness.

Identify the factors that cause the break-even point to increase or decrease.

Understand how changes in variable costs and fixed costs affect operating income.

Calculate the margin of safety and its significance in risk assessment.

Realize the applications and limitations of cost-volume-profit (CVP) analysis.

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Definitions:

Supply of Labor

The total hours that workers in an economy are willing to work at a given wage rate.

Employed Wage

The income received by an individual from employment, representing compensation for labor or services provided to an employer.

Salary Workers

Employees who are paid a fixed annual amount for their labor, regardless of the number of hours worked, contrasting with hourly workers.

Inclusive Unions

Labor unions that aim to represent a broad spectrum of workers, regardless of occupation, industry, or demographic characteristics.