Which of the following is a belief held by advocates of the humanist school of ethical thought?
A) Actions can be judged ethically good or bad on the basis of absolute moral principles arrived at by human reason regardless of the consequences of an action.
B) One should focus on a general rule that exemplifies net happiness for the whole society.
C) Individuals would arrive by reason alone at standards of conduct that ultimately derive from a divine being.
D) Whatever applicable rule has been established by political representatives must be followed and should serve as a standard in the evaluation of similar acts.
C
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Convertible bonds are attractive to investors because
a. they usually carry a higher rate of interest than non-convertible bonds. b. they carry a convertible interest rate that can be increased when the prime rate of interest increases. c. they can be converted into stock at the issuer's option. d. the issuing company cannot retire the bonds before maturity.
The entry to record the sale of equipment costing $40,000, with accumulated depreciation of $34,000 and sale price of $8,800, is:
a. Cash 8,800 Accumulated Depreciation— Equipment 34,000 Equipment 40,000 Gain on Sale of Equipment 2,800 b. Accumulated Depreciation— Equipment 34,000 Equipment 25,200 Gain on Sale of Equipment 8,800 c. Accumulated Depreciation— Equipment 8,800 Loss on Sale of Equipment 31,200 Equipment 40,000 d. Accumulated Depreciation— Equipment 14,800 Loss on Sale of Equipment 25,200 Equipment 40,000
American copyright law creates a bundle of rights for the owner, including the right to reproduce, distribute, perform, display, or adapt the work
a. True b. False
The United States has one of the highest gross domestic products (GDP) in the world at $18.5 trillion. In comparison, the small country of Luxembourg has a GDP of $58 billion. Despite its lower GDP, Luxembourg has one of the highest GDP per capita at over $101,500. In contrast, U.S. GDP per capita is $56,430. This likely means which of the following?
A. Individuals in the United States are more likely to earn higher incomes than individual consumers in Luxembourg. B. The standard of living in the United States far surpasses the standard of living in Luxembourg. C. Individual consumers in Luxembourg have higher outputs in terms of goods and services than individuals in the United States. D. Luxembourg has a higher market value in total output in terms of good and services than the United States. E. Individual consumers in the United States have higher outputs in terms of goods and services than individuals in Luxembourg.