________ Considers Acceptable Behavior to Be That Which Maximizes Benefits

question 90

Multiple Choice

________ considers acceptable behavior to be that which maximizes benefits for the individual.

• A)Egoism
• B)Ethnocentrism
• C)Relativism
• D)Universalism
• E)Utilitarianism

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Definitions:

Financing Activities

Transactions that involve raising capital or repaying investors, such as issuing shares or taking out loans.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet items to obtain net cash flow from operating activities.

Direct Method

A cash flow statement preparation approach that lists major operating cash receipts and payments, providing a clear view of operating cash flows.

Comparative Balance Sheets

Financial statements that display the financial position of a business at different points in time side-by-side, allowing for comparison.