In terms of ethical frameworks for reasoning, utilitarianism is:

A) a method of decision making based on treating all people fairly and consistently
B) the degree to which society values personal goals, personal autonomy, privacy over group loyalty, commitments to group norms, involvements in collective activities, social cohesiveness, and intense socialization
C) a means of making decisions based on what is the greatest good for the greatest number of people
D) a means of making decisions based on the belief that each person has fundamental rights that should be respected and protected


C

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If the likelihood of a future event is remote, how should the company report the contingency?

What will be an ideal response?

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The static budget, at the beginning of the month, for Jabari Company follows:

Static budget: Sales volume: 2100 units; Sales price: $52.00 per unit Variable costs: $12.00 per unit; Fixed costs: $26,500 per month Operating income: $57,500 Actual results, at the end of the month, follows: Actual results: Sales volume: 1900 units; Sales price: $58.00 per unit Variable costs: $17.00 per unit; Fixed cost: $37,000 per month Operating income: $40,900 Calculate the sales volume variance for operating income. A) $8600 U B) $200 F C) $8000 U D) $8000 F

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The rate earned on total assets measures the profitability of total assets, without considering how the assets are financed

Indicate whether the statement is true or false

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Of the following three types of corporate bonds debentures, mortgage bonds, and subordinated debentures indicate the most secure and the least secure (in that order)

A) debentures, subordinated debentures B) mortgage bonds, subordinated debentures C) subordinated debentures, debentures D) mortgage bonds, debentures

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