________ Indicates That Behavior Can Be Considered Ethical If It

question 20

Multiple Choice

________ indicates that behavior can be considered ethical if it provides the most good for the greatest number of people.

• A)The golden rule
• B)The deontological principle
• C)The utilitarian standard
• D)The virtue standard
• E)The Kantian principle

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Definitions:

Accounting Records

Documentation and books kept for the purpose of tracking all financial transactions, assets, liabilities, and equity of a business.

Net Income

The amount of money left over after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

End-of-Period Spreadsheets

Tools used in accounting to compile financial information at the end of an accounting period, aiding in the preparation of financial statements.

Current Ratio

A financial metric indicating a firm's capability to settle short-term debts due within a year, derived by dividing current assets by current liabilities.