Jackson,CPA,entered into a cost-plus contract with Ivory Computer Services for software installation and Internet interfacing in her accounting practice.The following is Ivory Computer Services' job cost card for this job.Ivory's profit factor is 25 percent of total costs.Complete the following card,as indicated:
Definitions:
Rule Deontology
An ethical theory that stresses the importance of following universal rules or duties in ethical decision-making, regardless of the consequences.
Utilitarianism
A moral philosophy that evaluates the morality of actions based on their outcomes, emphasizing the greatest good for the greatest number of people.
Greatest Good
A principle, often associated with utilitarianism, that actions are right in proportion as they tend to promote the overall happiness or welfare of the greatest number of people.
Rule Deontology
An ethical theory that suggests morality is grounded in adherence to abstract, universal principles or duties, where the morality of an action is determined by whether it complies with a set of pre-established rules or duties.
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