1. Norman's best criticism of Utilitarianism is that it
- Requires a prediction of consequences
- Requires a measuring and weighing of consequences
- Is difficult to determine what a particular society's moral norms are
- Can legitimize morally pain and suffering if a greater good is achieved.
2. Assume that you have been offered cash discounts on merchandise that can be purchased from either of two suppliers. Supplier A offers trade credit terms of 3/20, net 70, while supplier B offers 4/15, net 80. What is the approximate effective cost of missing the cash discouts from each supplier? If you could not take advantage of either cash discount offer, which supplier would you select?