Redundancy Is One of the Four Characteristics of Useful Information

question 56

True/False

Redundancy is one of the four characteristics of useful information.

Appreciate the concepts of rule utilitarianism versus act utilitarianism.

Explore the concept of ethical accountability for artificial entities such as corporations.

Analyze the philosophical basis and implications of central ethical concepts like the categorical imperative, the stakeholder model, and the social contract theory.

Delve into the criticisms of various ethical theories including utilitarianism and Kant's philosophy.

---

Definitions:

Compounded Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Annual Interest Rate

The percentage increase in money charged per year for the use of borrowed funds or for delaying the repayment of a debt.

Interest Rate

The cost of borrowing money or the reward for saving, usually expressed as a percentage of the principal amount per period.

Economic Profit

The return flowing to those who provide the economy with the economic resource of entrepreneurial ability; the total revenue of a firm less its economic costs (which include both explicit costs and implicit costs); also called “pure profit” and “above-normal profit.”