The Means-Ends Principle Maintains That

question 3

Multiple Choice

The means-ends principle maintains that:

• A) we must always behave toward people to maximize their happiness
• B) we must always treat people as ends in themselves, never merely as a means
• C) we must never treat people as a means
• D) we must treat people according to their wishes

---

Definitions:

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Direct Write-Off Method

An accounting practice where uncollectible accounts receivable are directly written off against revenue at the time they are deemed to be uncollectible.

Allowance Method

An accounting technique that estimates and reduces accounts receivable to reflect only amounts expected to be collected.

Allowance Method

A technique in accounting used to account for bad debts, where anticipated uncollectible accounts receivable are estimated and recorded.