How does utilitarianism have a strong impact on business and business ethics?
What will be an ideal response?
Utilitarianism answers the fundamental questions of ethics-What should we do?-by reference to a rule: maximize the overall good. This rule is reminiscent of the financial practice of conducting a cost-benefit analysis and making a decision based on maximizing net benefits over costs.
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A low market-penetration index indicates ________
A) it will be expensive for the firms to attract the few remaining prospects B) substantial growth potential for all firms C) the rival firms try to capture greater market share by lowering their product price D) the profit margins of the firms decline E) the firms cannot raise demand substantially by raising its market expenditure
St. Petersburg Company makes a $1,200 purchase of merchandise inventory for cash. This transaction will be recorded in the ________.
A) cash payments journal B) general journal C) cash receipts journal D) purchase journal
In terms of cost behavior, supervisory salaries and direct labor are classified as
A) fixed and variable, respectively. B) variable. C) fixed. D) mixed and fixed, respectively.
Studies show most effective sentences in business messages have an average length of ______.
A. five to 10 words B. 10 to 15 words C. 15 to 20 words D. 20 to 40 words