________ Is a Widely Accepted Ethical System That Considers the Greatest

question 83

Multiple Choice

________ is a widely accepted ethical system that considers the greatest good for the greatest number and weighs consequences of an action, weighing its good effects against its harmful ones.

• A) Structuralism
• B) Individualism
• C) Utilitarianism
• D) Libertarianism

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Definitions:

Annual Report

A comprehensive report on a company's activities, financial performance, and strategy, provided annually to shareholders and the public.

Allowance Method

An accounting technique used to estimate and prepare for the amount of accounts receivable that may not be collectible.

Uncollectible Accounts

Accounts receivable that a company does not expect to collect and thus writes off as a loss.

Accounting Convention

Accepted accounting principles that guide the reporting and financial presentation of a company's accounts.