Utilitarianism Is a Theory of Obligation That

question 20

Multiple Choice

Utilitarianism is a theory of obligation that

• A) espouses a particular theory of good
• B) does not entail any particular theory of the good
• C) focuses on the intent behind the act
• D) includes a Categorical Imperative

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Definitions:

Output

The total amount of goods and services produced by a business, industry, or economy within a particular time frame.

Profit-Maximizing

The process or strategy of adjusting production and pricing to achieve the highest possible profit based on the cost of production and market demand.

Firm

A business organization or entity, especially one involved in industrial or commercial activities.

Operating

Refers to the day-to-day functions, activities, and administrative tasks required to run a business or an organization.