An Accountant Responsible for Making a Decision That Optimises the Outcome

question 36

Multiple Choice

An accountant responsible for making a decision that optimises the outcome for the most number of stakeholders is said to be following which approach to decision making?

• A) Deontological.
• B) Kantianism.
• C) Teleological.
• D) Discretionary.

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Definitions:

Minimum Wage

The lowest wage permitted by law or by a special agreement (such as one with a labor union).

Overtime Pay

Additional compensation paid to employees who work beyond the standard hours designated in their employment contract.

IRS Form 940

A form used by employers in the United States to report their annual Federal Unemployment Tax Act (FUTA) tax.

Federal Unemployment Tax

A tax imposed on employers to fund state workforce agencies. Employers pay this tax to finance the unemployment compensation to workers who have lost their jobs.