"Drug Use Is Wrong Because It Is Immoral and It

question 22

Multiple Choice

"Drug use is wrong because it is immoral and it is immoral because it enslaves the mind and destroys the soul. In this case, government has a responsibility for prohibiting the use of mid-altering drugs, regardless of whether drug-users are fully responsible and of the absence of involuntary harm to others." This is an example of:

• A) the libertarian principle.
• B) paternalism.
• C) dove philosophy.
• D) the morality argument.

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Definitions:

Bad Debt Expense

The estimated amount of credit sales that are not expected to be collected, recognized as an expense in the income statement.

Uncollectible Accounts

Accounts receivable that a company does not expect to collect and writes off as a bad debt expense.

Outstanding Accounts Receivable

Amounts due to a company from customers for goods or services provided on credit but not yet paid.

Bad Debt Percentage

Bad debt percentage is the proportion of receivables that a company expects not to collect, used in estimating the allowance for doubtful accounts.