"The Ends Justify the Means

question 6

True/False

"The ends justify the means." This statement reflects the utilitarian ethical theory.

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Definitions:

Asset Turnover Ratio

A measure of how efficiently a company uses its assets to generate sales revenue.

Industry Average

A benchmark or mean performance metric that represents the average outcome or status within a particular industry sector.

Insolvency

The condition of being unable to pay debts as they fall due, often leading to bankruptcy proceedings.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.