The Method of Ethical Reasoning That Evaluates Actions in Terms

question 29

Multiple Choice

The method of ethical reasoning that evaluates actions in terms of harms and benefits is:

• A) Act Utilitarianism
• B) Rights Theory
• C) Justice
• D) Virtue

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Definitions:

Equipment

Tangible property used in operations, such as machinery, computers, and furniture, which has a useful life longer than one fiscal period.

Accounts Payable

Liabilities or debts owed by a company to suppliers or creditors for goods or services purchased on credit.

Purchases Journal

A specific type of accounting record where a business records all transactions related to the acquisition of goods intended for resale or for use in production.

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows of a business, including sales and debt collections.