An Act Is Morally Right If It Results in the Greatest

question 60

Multiple Choice

An act is morally right if it results in the greatest amount of good for the greatest number of people according to the principle of _____.

• A)egoism
• B)ethics of rights
• C)ethics of duties
• D)virtue ethics
• E)utilitarianism

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Definitions:

After-Tax Discount

The reduction in price or value of an item after taxes have been factored into its cost.

Income Tax Rate

The percentage of income that is paid to the government as tax. It can vary depending on the income level and jurisdiction.

Straight-Line Depreciation

An approach to spreading out the expense associated with a long-term asset evenly over the period it is expected to be used.

Working Capital

The gap between a firm's immediate assets and liabilities, showcasing the available liquidity for daily business activities.