While Utilitarianism Assumes the Notion That Good Exists in the World

question 35

True/False

While utilitarianism assumes the notion that good exists in the world, the lack of a specific definition of what constitutes the good is a drawback of utilitarianism.

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Definitions:

Third Party

An individual or entity that is not directly involved in a transaction or agreement but may be affected by it or have an interest in its outcome.

Settlement

An agreement reached between parties in a dispute, often involving payment or other terms, to resolve the dispute without further litigation.

Good Faith

Acting with honesty and integrity.

Collective Bargaining

A procedure for settling terms and conditions of employment by negotiation between an employer and its employees as expressed through representatives chosen by them.