According to the Principle of Utilitarianism

question 41

Multiple Choice

According to the principle of utilitarianism:

• A) society should place equal weight on the well-being of every individual.
• B) society should place all weight on the well-being of its worst-off member.
• C) society should place all weight on the well-being of its best-off member.
• D) equal division of society's resources among all members of the population is the most equitable outcome.

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Definitions:

Depreciation Estimates

Projections or calculations made regarding the decrease in value of tangible assets over time due to use, wear, or obsolescence.

Depreciation Method

A systematic approach to allocating the cost of a tangible asset over its useful life.

Fixed Assets

Fixed assets are long-term tangible assets intended for use in the production or supply of goods or services, not easily converted to cash within a year.

Residual Value

The estimated salvage value of an asset after its useful life is over.