The ____ Principle Is Used to Justify Decisions That Attempt

question 184

Multiple Choice

The ____ principle is used to justify decisions that attempt to balance multiple interests when you act on the basis of whether the decision can be explained before a group of your peers.

• A) professional standards
• B) utilitarian
• C) disclosure
• D) distributive justice

---

Definitions:

Alternative Minimum Tax

A parallel tax system designed to ensure that high-income individuals, corporations, estates, and trusts pay at least a minimum amount of tax.

Estimated Income Tax Payments

Payments made to the IRS on a quarterly basis by taxpayers who do not have their taxes withheld at source, to avoid underpayment penalties.

Fiscal Year-End

The end of a company's financial year, a critical date for accounting and financial reporting purposes.

Corporation

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and is taxed on its profits.