Which of the Following Ethical Principles Focuses on the Common

question 8

Multiple Choice

Which of the following ethical principles focuses on the common good rather than on individual rights?

• A) Formalism
• B) Hedonism
• C) Utilitarianism
• D) Narcissism
• E) Libertinism

---

Definitions:

Job-Order Costing System

An accounting method used to track the costs associated with producing specific jobs or batches of products.

Overapplied

Refers to a situation where the amount of overhead allocated to products exceeds the actual overhead incurred, creating an overapplied balance.

Underapplied

A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to a discrepancy in accounting records.

Cost of Goods Sold

Expenditures directly tied to the fabrication of merchandise a company trades.