Aristotle Argued That an Act Could Be Free Only If

question 5

Multiple Choice

Aristotle argued that an act could be free only if it was both free from "external compulsion" and

• A) divinely mandated.
• B) not determined by past actions.
• C) performed for morally acceptable reasons.
• D) free of ignorance (where the actor didn't know what he or she was doing)

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Definitions:

Single-Step Income Statement

A simplified financial statement format that sums all revenues and subtracts all expenses, displaying only a single step to arrive at net income.

Cost of Goods Sold

The direct expenditures involved in the production of a company's sold goods, encompassing both materials and labor expenses.

Total Expenses

Total expenses refer to the sum of all costs and expenses incurred by a business during a specific period.

Perpetual Inventory System

A perpetual inventory system is a method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.