The Principle Advocated by Bentham,that the Highest Objective of Public

question 48

Multiple Choice

The principle advocated by Bentham,that the highest objective of public policy is the greatest happiness for the largest number of people is known as _____.

• A)hedonistic calculus
• B)individualism
• C)utilitarianism
• D)totalitarianism

Comprehend the concept of means-ends chain and the flow of objectives in an organization.

Know the characteristics of well-written objectives and the difference between qualitative and quantitative results.

Recognize the significance of realistic goal setting in entrepreneurship and management.

Differentiate between the roles and objectives of different managerial levels within an organization.

---

Definitions:

Transitional Probability Matrices

In mathematics and statistics, these matrices are used to describe the probabilities of transitioning from one state to another in a stochastic (random) process.

Markov Analysis

A statistical method used to predict future states based on current data and the probabilities of various outcomes, often applied in decision-making processes.

HR Objectives

The strategic goals set by the Human Resources department to support overall organizational growth, employee development, and operational efficiency.

Human Resource Planning Process

A strategic approach undertaken by HR management to ensure the right number of people with the right skills are available at the right time in the organization.