The Best Argument for Ethical Egoism States That

question 16

Multiple Choice

The best argument for ethical egoism states that

• A) if there is good reason to do something, then doing it must make you better off.
• B) if doing something makes you better off, then there is good reason to do it.
• C) no one is capable of behaving altruistically.
• D) egoism makes everyone better off.

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Definitions:

Revenues

The aggregate sum of funds a business accrues from selling goods or delivering services in a given timeframe.

Expenses

Costs incurred by a business in the process of earning revenue, often classified as operating or non-operating expenses.

Miscellaneous Expense

Small, often unpredictable expenditures that don't fit neatly into a designated budget category.

Post-Closing Trial Balance

A list of all the accounts and their balances after the closing entries are made, ensuring that debits equal credits in the ledger.