Differentiate between act and rule utilitarianism
What will be an ideal response?
ANSWER: There are two types of utilitarianism: act utilitarianism and rule utilitarianism. Act utilitarianism adheres exactly to the definition of utilitarianism as just described. In act utilitarianism, a person performs the acts that benefit the most people, regardless of personal feelings or societal constraints such as laws. Rule utilitarianism, however, takes into account the law and is concerned with fairness. A rule utilitarian seeks to benefit the most people but through the fairest and most just means available.
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Under a standard cost system, when recording the use of direct materials in the production process, the debit to Work-in-Process Inventory is ________.
A) standard quantity for actual production times standard cost per unit of direct materials B) standard quantity for actual production times actual cost per unit of direct materials C) actual quantity times standard cost per unit of direct materials D) actual quantity times actual cost per unit of direct materials
?Rolling Coast Inc. issued BBB bonds two years ago. These bonds provided a yield to maturity (YTM) of 11.5 percent. Long-term risk-free government bonds were yielding 8.7 percent at the time. The current risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk-free long-term government bonds are currently yielding 7.8 percent, then at what interest rate should Rolling Coast expect to issue new bonds?
A. ?7.8% B. 8.7%? C. 9.2%? D. 10.2%? E. ?12.9%
Refer to the table. What is the appropriate distribution for the variable "Monthly operating costs"?
A) continuous uniform B) discrete uniform C) normal D) binomial E) triangular
A minor can act as either a principal or an agent
Indicate whether the statement is true or false