With Respect to Ethics, the Utilitarian Theory

question 30

Multiple Choice

With respect to ethics, the utilitarian theory

• A) Suggests that auditors should always verify ownership of a client's material tangible assets.
• B) Is primarily concerned with equity and impartiality.
• C) Suggests that an individual's actions should not violate the rights of any individual.
• D) Recognizes that decisions involve trade-offs between costs and benefits.

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another, often used in contracts or financial transactions.

Liability

A legal responsibility or obligation that arises from actions, claims, or debts.

Delegation

The act of transferring responsibility and authority from one person or group to another.

Assignment

An assignment involves the transfer of rights or property from one party to another, typically related to contracts, but also applicable in other legal contexts.