Discuss drawbacks/difficulties of Cost- Benefit Analysis used under Utilitarian Approach in Ethics.

Q: Explain the Service Projects versus Revenue Projects?

A: The project is the collaborative effort initiated to achieve a certain objective within a certain…

Q: Explain why moral problems may be of greater intensity than nonmoral problems.

A: Given: The moral problems will have greater intensity than nonmoral problems

Q: definitions

A: Ans. For individuals belonging to various professions their are few code of conducts or ethics which…

Q: Question: Are count standards and ethical standards the same? TRUE OR FALSE

A: Ethical standards are a set of principles developed by the organization's founding members  to…

Q: Information that has the ability to make a difference in the decision-making process is known to…

A: Lets understand the basics. For decision making, information should posses following…

Q: (a) Explain the ethical problem in this case. Why is it a problem? words) (b) What can be done about…

A: In business dealings with clients, the companies/firms go through a lot of situations like this. In…

Q: analysis needed

A: Risk Analysis is a process that helps you identify and manage potential problems that could…

Q: Describe the analytical model for ethical decisions.

A: It is a process of assessing and picking among choices in a way steady with moral standards. In…

Q: What are three ethical principles that may provide some guidance for ethical responsibility?

A: Definition: Ethics can be defined as a conduct adopted by an individual in making the selection…

Q: How fair value measurement?

A: Fair Value In Accounting term Fair Value means the recognition of amount which are actually value…

Q: Discuss and explain the meaning of right offerings and their advantages.

A: Right issue refers to giving a right to existing shareholders to subscribe additional shares in…

Q: Which of the following aspects of a cost-benefit study would have the greatest uncertainty as to its…

A: Cost - benefit analysis is a decision making process in which costs incurred and revenues earned due…

Q: Indicate whether the statement is true or false, and justify your answer.Economists agree that any…

A: During the period of inflation or unemployment, government announces economy boosting fiscal…

Q: Future costs that do not differ among the alternatives are not relevant in a decision.

A: In accounting when it comes to making decisions we classify costs into different types or…

Q: Why is professional judgment important in accouting?

A: Professional judgement means the experience gained by a professional through training and continuous…

Q: What is an opportunity cost and why should it be included when making decisions?

A: Opportunity costs is the costs of next best alternative foregone by accepting current alternative.…

Q: the following qualitative characteristics may have to be sacrificed in order to achieve timeliness?…

A:

Q: Briefly define what an ethical dilemma is and describe thesteps to consider when evaluating ethical…

A: The ethical dilemma describes the steps in evaluating the ethical dilemmas are given below as,…

Q: Should standards be used to identify whom to blame for problems?

A: Standards are set to identify whether the actual activity is performed efficiently. The variances…

Q: Explain the benefits of positive risk taking for individuals accessing services

A: Positive risk taking : Risk means loss or harm i.e., something harmful will happen. For an…

Q: Why is the contribution margin an important concept forincremental decision making?

A:

Q: What is the benefit of identifying avoidable and unavoidable cost in decision making process?

A: Avoidable costs: Avoidable Costs, as the name suggests, are the costs that can be avoided of the…

Q: difference between expected results and actual experience results to a remeasurement of the net…

A: The answer is stated below:

Q: What do the comparison of alternatives with unequal service livesrequire?

A: Present worth means discounting the future cash flows at the interest rate. The calculation of the…

Q: Should standards be used to identify who to blame for problems?

A: Standards are set to identify whether the actual activity is performed efficiently. The variances…

Q: Explain professional association (PA)?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: From the following options, which option appropriately describes an ethical decision? a. Decision…

A: Ethical decision means evaluating and choosing among alternatives in a manner consistent with…

Q: Discuss the benefit of identifying avoidable and unavoidable cost in decision making process.

A: Benefit of Avoidable Cost   1. Avoidable cost Avoidable cost helps management in decision making…

Q: Define the following terms: Input risks, financial risks, property risks, personal risks

A: Input risks refers to the input price risk or commodity price risk. The risk arises for either of…

Q: the conceptual framework includes which constraint a.prudence b. conservatism c. cost d all of…

A: IASB is the accounting standard body which is known as International Accounting Standards Board.…

Q: Explain the steps that apply your own sense of right and wrong to ethical dilemmas.

A: Ethics is an internal mechanism of an individual which can be applied to various situations to…

Q: relate to merit system practices would you say that the system works well why or why not present…

A: The system of merit ensures that the selection is grounded on the ability of the person only to…

Q: Explain how materiality differs for failure to follow GAAP and for lack of independence.

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Distinguish between responsibility, authority, and accountability. Which flow upward and which flow…

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: What is the difference between a contribution- and a benefit-orientedretirement plan?

A: Defined contribution plan is a retirement plan which gives an option for the employees to grow tax…

Q: conclusion of environmental cost and benefit

A: Answer: Environment cost is defined as the management of cost related to environment.

Q: What is the implication of the cost of the “wrong decision” in the selection process

A: Selection process refers to the process in which we choose an alternative from all the available…

Q: How can we compare the alternatives with unequal service lives?

A: When making a decision between two investment alternatives, it may so happen that the alternatives…

Q: Which of the following statements is incorrect with respect to the ethical branch of stakeholder…

A: Stakeholder theory is the theory which states how well an organization can do better in their…

Q: Briefly explain the importance of distinguishing between relevant and irrelevant costs for the…

A: The costs that are affected by decision are relevant cost and  those costs are not get affected are…

Q: What characteristics make a good or service a performance obligation?

A: Performance obligation: Performance obligation is the promise made by the seller to supply the goods…

Q: Define Conservatism.

A: Conservatism: Conservatism is an accounting assumption, it is as an approach used by the accountants…