A ________ Focuses on Doing What Is "Right" (Based on Moral

question 48

Multiple Choice

A ________ focuses on doing what is "right" (based on moral principles or values such as honesty) , whereas a _________ focuses on doing what will maximize societal welfare.

• A) utilitarian; virtue follower
• B) deontologist; consequentialist
• C) virtue follower; utilitarian
• D) consequentialist; deontologist

---

Definitions:

Periodic system

An inventory valuation method where updates to inventory records are made on a periodic basis, usually at the end of an accounting period.

Beginning inventory

The value of a company's inventory at the start of an accounting period.

Perpetual inventory system

An inventory system that keeps continuous, real-time records of goods bought and sold, updating inventory accounts without physical counts.

Journal entry

A record in accounting that documents a business transaction and its impact on the company's accounts, using debits and credits.