Which of the Following Is a Drawback of the Utilitarian

question 34

Multiple Choice

Which of the following is a drawback of the utilitarian view of ethical behavior?

• A)It relies on the assessment of future outcomes that are often difficult to predict and are tough to measure accurately.
• B)It presumes that individuals are self-regulating; however,not everyone has the same capacity or desire to control their behaviors.
• C)It is possible for a few individuals to take advantage of the freedom allowed by this perspective and disrupt the degree of trust that exists within a business community.
• D)It does not ensure that the outcomes associated with protecting individual rights are beneficial to the majority of society.
• E)It places an emphasis on fairness and equity,both of which cannot be ensured simultaneously.

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Definitions:

Intangible Assets

Assets that do not have physical substance but provide economic benefits to the owner, such as patents, trademarks, and goodwill.

Income Recognition

The accounting principle that income should be recognized in the accounting period in which it is earned, irrespective of when the cash is received.

Initial Impairment Assessment

The first step in evaluating whether an asset's carrying amount exceeds its recoverable amount, indicating a potential impairment loss.

Intangible Asset

An asset that lacks physical substance but is identifiable and provides economic benefits to the owner, such as patents, trademarks, and copyrights.