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katrin [286]
3 years ago
11

What is utilitarianism

Business
1 answer:
BartSMP [9]3 years ago
5 0

Explanation:

Utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for all affected individuals.[1][2] Although different varieties of utilitarianism admit different characterizations, the basic idea behind all of them is to in some sense maximize utility, which is often defined in terms of well-being or related concepts. For instance, Jeremy Bentham, the founder of utilitarianism, described utility as "that property in any object, whereby it tends to produce benefit, advantage, pleasure, good, or happiness...[or] to prevent the happening of mischief, pain, evil, or unhappiness to the party whose interest is considered."

Utilitarianism is a version of consequentialism, which states that the consequences of any action are the only standard of right and wrong. Unlike other forms of consequentialism, such as egoism and altruism, utilitarianism considers the interests of all humans equally. Proponents of utilitarianism have disagreed on a number of points, such as whether actions should be chosen based on their likely results (act utilitarianism), or whether agents should conform to rules that maximize utility (rule utilitarianism). There is also disagreement as to whether total (total utilitarianism), average (average utilitarianism) or minimum utility[3] should be maximized.

Though the seeds of the theory can be found in the hedonists Aristippus and Epicurus, who viewed happiness as the only good, and in the work of the medieval Indian philosopher Śāntideva, the tradition of modern utilitarianism began with Jeremy Bentham (1748-1832), and continued with such philosophers as John Stuart Mill, Henry Sidgwick, R. M. Hare, and Peter Singer. The concept has been applied towards social welfare economics, the crisis of global poverty, the ethics of raising animals for food, and the importance of avoiding existential risks to humanity.

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If Alex deposits $1,000 from her paycheck into her checking account and, at the same time, increases her credit card balance by
Marina86 [1]

Answer:

option (A) -$500; decreases by $500

Explanation:

Data provided in the question:

Amount deposited = $1,000

Increase in credit card balance = $1,500

Now,

Deposit adds to assets whereas increase in credit card balances adds to liabilities

Therefore,

Savings = Deposits - Increase in credit card balances

= $1,000 - $1,500

= - $500

Here,

negative sign depicts the decrease in wealth

Hence,

The correct answer is option (A) -$500; decreases by $500

8 0
3 years ago
A new skateboard company, "Sk8ters" opens its doors across the street from the town’s existing skateboard company "Skate House".
Elenna [48]

Answer:

The correct answer is letter "C": predatory pricing.

Explanation:

Predatory pricing is the illegal practice of setting prices below competitors to wipe them out of the market. When the prices decline the situation could be favorable for consumers but after the competition is eliminated the predatory-pricing company is likely to raise the prices. Under that scenario, customers are at a disadvantage because they do not have many options from where to choose.

In the U.S., the Federal Trade Commission (FTC) is the body in charge of analyzing predatory pricing practices.

8 0
4 years ago
which dimension of the triple bottom line seeks to benefit its employees, the local community, and other entities that are impac
murzikaleks [220]

<u>Social dimension</u> f the triple bottom line seeks to benefit its employees, the local community, and other entities that are impacted by the firm's existence.

<h3>What is social dimension?</h3>

The term "dimension" can be used to describe a feature, appearance, stage, or situation of something. Social, on the other hand, is what connects society: the group of people who live in the same area and adhere to the same laws.

We can comprehend what the social dimension is thanks to these definitions. This is the term of the group of elements involved in the interactions between people and societal life.

The social component might be seen as having to do with how someone is socialized. Humans are social creatures that rely on others to meet their material and symbolic needs. A person must master all of the social tools that are innate to him in order to fully realize himself.

Learn more about social dimension

brainly.com/question/7019393

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3 0
2 years ago
Market-skimming prices make sense under the following conditions EXCEPT if ________. a. there is a sufficient number of buyers w
earnstyle [38]

Answer:

c.

Explanation:

the product is a "me-too" and contains no new technology or points of difference

Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time

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4 years ago
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Who is that?

Explain
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