The Underlying Principle of Utilitarianism Is Sometimes Called The

question 73

Multiple Choice

The underlying principle of utilitarianism is sometimes called the:

• A) kingdom of ends.
• B) best of all possible worlds.
• C) Golden Rule.
• D) Greatest Happiness Principle.
• E) rule of reason.

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Definitions:

Contra Asset Account

An account on a company's balance sheet that reduces the total amount of the company's asset accounts.

Fixed Asset Accounts

Accounts used in accounting to track the purchase, depreciation, and disposal of fixed assets, which are long-term tangible assets.

Current Ratio

A financial ratio that measures a company's ability to cover its short-term liabilities with its short-term assets, calculated as current assets divided by current liabilities.

Working Capital

The difference between a company's current assets and current liabilities, indicating the amount of liquid assets available to fund its day-to-day operations.