Utilitarian organizations are so named because they ?
Correct answer: D. provide material benefits in exchange for work
- A. produce useful things
- B. serve the practical purposes of their owners
- C. provide useful services to the community
- D. provide material benefits in exchange for work
Explanation
Utilitarian organizations are joined for concrete material rewards, such as wages, salaries, or other benefits exchanged for work. Their name refers to members' practical interests rather than usefulness to the community.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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