Which of the Following CORRECTLY Defines Utilitarianism

question 19

Multiple Choice

Which of the following CORRECTLY defines utilitarianism?

• A) Cost will increase if production increases.
• B) The difference between what a consumer is willing to pay and what actually has to be paid.
• C) Society should strive to achieve the greatest good for the greatest number.
• D) Equality will not result in efficient outcomes.

---

Definitions:

Book Value Method

An accounting technique where assets are valued in the balance sheet at their original cost minus any accumulated depreciation.

Stockholder's Equity

The residual interest in the assets of the corporation after deducting liabilities, representing the ownership interest of shareholders.

Non-interest-bearing Note

A financial instrument or loan that does not accrue interest over its life, meaning the borrower repays only the principal amount.