Utilitarianism is a social philosophy that promotes the welfare of well-informed political minorities.
Answer the following statement true (T) or false (F)
True
The emphasis on producing the greatest good for the greatest number makes utilitarianism a social philosophy that opposes policies that aim to benefit only a small social, economic, or political minority. Historically, utilitarianism has provided strong support for democratic institutions and policies.
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Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot Affected = NAAtlantic Oil Company had 10,000,000 common shares outstanding. The shares had been issued at $14 per share. The stock of Atlantic Oil Co. was trading at $14 per share on March 27 when the company announced that it had recently discovered a large oil reserve. The market value of the company's stock immediately went up to $28 per
share. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows??????? What will be an ideal response?
According to the "Laws of Public Opinion," public opinion reveals the power of ________
A) words alone B) hardheaded common sense C) unusual events to create stable opinions D) methods to achieve goals
Which of the following statements best describes the post-audit function in the capital budgeting process?
A. The post-audit should be performed before a purchase decision is made for a new capital budgeting project. B. The post-audit is a fairly simple process, primarily because it is easy to separate the operating results of one project from those of other related projects. C. The post-audit involves comparing the actual results of previous capital budgeting decisions with the forecasted results to identify and explain any differences. D. The results of a post-audit generally can be used to develop future cash flow forecasts for new capital budgeting projects that are 100 percent accurate. E. Because it is quite expensive to perform, the post-audit should always be considered a voluntary part of the capital budgeting process.
A monthly price index that is designed to measure changes in prices of goods sold in primary markets (i.e., first purchase of a commodity in non retail markets) is the
a. Consumer price index. b. Producer price index. c. Dow Jones Average. d. Weighted aggregate price index.