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:

Profit and Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year, also known as an income statement.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or services based on the actual activities and resources used in the production or delivery process.

Break-Even Point

The point at which total costs equal total revenues, meaning no net profit or loss is realized.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, used to cover fixed costs and profit.