The Central Principle in Jeremy Bentham's Political Philosophy Was

question 5

Multiple Choice

The central principle in Jeremy Bentham's political philosophy was

• A) God's teaching as set in Holy Scripture.
• B) the pragmatic use of tradition.
• C) the application of universal standards established by reason.
• D) the greatest good for the greatest number of people.
• E) majority rule.

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Definitions:

Work Sheet

A paper or electronic document used by accountants to compile and analyze financial information prior to preparing financial statements.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating expenses.

Income Summary

An account used in the closing process that summarizes revenues and expenses for a specific period, facilitating the transfer of their net effect to capital or owner's equity.

Closing Entries

At the close of an accounting cycle, transactions are documented to move amounts from temporary accounts to those that are permanent.