According to the Ethical System of Utilitarianism, Which of the Following

question 87

Multiple Choice

According to the ethical system of utilitarianism, which of the following is true?

• A) Some values must always be upheld, regardless of the consequences.
• B) Societal rules or customs should be used to order values.
• C) Society will be enhanced if we all take care of ourselves and do not harm others.
• D) Individuals might choose between conflicting values by tallying the final results of the various acts.
• E) Seeking the greatest good for the greatest number of people should be the overriding concern of decision makers.

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Definitions:

Contribution Margin Ratio

The proportion of sales revenue that remains after variable costs are subtracted, expressed as a percentage, indicating the contribution towards covering fixed costs and generating profit.

Fixed Expenses

Costs that do not change in total despite changes in the level of business activity or production volume, such as rent or salaries.

Target Net Profit

A financial objective set by a business indicating the desired bottom-line income after all expenses, interest, and taxes have been deducted from total revenues.

Degree of Operating Leverage

A measure of how much a company's operating income changes in response to a change in sales volume, indicating the level of fixed versus variable costs.