What Is the Difference Between a Principle-Based Framework of Ethics

question 61

Multiple Choice

What is the difference between a principle-based framework of ethics and utilitarianism?

• A)Ethics of principles is based on self-interest, whereas utilitarianism is based on human rights.
• B)Ethics of principles is based on human rights, whereas utilitarianism is based on self-interest.
• C)Ethics of principles is based on rules, whereas utilitarianism is based on consequences.
• D)Ethics of principles is based on consequences, whereas utilitarianism is based on rules.

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Definitions:

Property Taxes

Taxes paid by property owners to local governments based on the assessed value of their real estate.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Insurance

A contract represented by a policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Schedule E

A tax form used to report income and losses from rental property, royalties, partnerships, S corporations, estates, and trusts.