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An Ethical Theory That Urges Managers to Take Those Actions

question 81

Multiple Choice

An ethical theory that urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question is called ________.


Definitions:

Consumption

The action or process of using up goods and services, typically by households.

Utility Function

It is an economic model representing the preference level of consumers for different combinations of goods and services.

Income

A measure of the flow of funds from various sources, such as wages, investments, or business activities, that an individual or entity receives over a period of time.

Consumption

The act of using goods and services to satisfy needs and wants.

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