Which Ethical Model Typically Advocates Seeking the Greatest Good for the Greatest

question 89

Multiple Choice

Which ethical model typically advocates seeking the greatest good for the greatest number of people?

• A) Utilitarianism
• B) Caveat emptor
• C) The Golden Rule
• D) Machiavellianism

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Definitions:

Absorption Costing

Absorption costing is a method in accounting that includes all manufacturing costs - both direct and indirect - in the cost of a product.

Variable Costing

An accounting method where only variable production costs are included in product costs, with fixed overhead treated as a period cost.

Net Operating Income

A monetary measurement that determines an organization's profit by deducting operational costs from its operational revenue.

Absorption Costing

A costing method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.