Utilitarianism Is a Principle Whose Goal Is

question 83

Multiple Choice

Utilitarianism is a principle whose goal is

• A) the greatest happiness for the greatest number.
• B) the greatest pay for the greatest number.
• C) equal pay for equal work.
• D) equal happiness for all workers.

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Definitions:

Capitalize Interest

The process of adding interest costs to the balance sheet for the construction of long-term assets, instead of expensing them in the period they are incurred.

Economic Benefit Approach

A method used in accounting and taxation to evaluate transactions based on the economic value received as opposed to the legal form of the transaction.

Economic Worth

The value of an asset, company, or service determined through market dynamics, financial performance, and future earnings potential.

Financial Statements

Reports detailing the financial performance of a company, including balance sheet, income statement, cash flow statement, and statement of shareholders' equity.