Utilitarianism Was Developed in Its Modern Form by the British

question 11

True/False

Utilitarianism was developed in its modern form by the British philosophers John Stuart Mill and Jeremy Bentham.

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Definitions:

Market Value

The present cost at which a service or asset is available for purchase or sale.

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Component Cost

The expense associated with acquiring or manufacturing each individual part of a product or service.