John Stuart Mill | Utilitarianism

question 25

Multiple Choice

John Stuart Mill | Utilitarianism
Mill criticizes existing ethical theories based on abstract principles that fail to apply directly to human action and its consequences. He builds on earlier conceptions of utilitarianism from Epicurus to Bentham by distinguishing between different qualities of human pleasure, which include both the intellectual and the sensual (the higher and lower pleasures) .
-When utility is accepted as the foundation of morals, actions are right that promote happiness and wrong that produce

• A) power.
• B) pleasure.
• C) humility.
• D) pain.

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Definitions:

Margin

An accounting term that refers to the difference between the selling price of a product or service and its cost, often expressed as a percentage of the selling price.

Sales

The total revenue generated from goods or services sold by a company during a particular period.

Combined Residual Income

The total leftover income from various projects or divisions after accounting for required rate of return or capital costs.

Required Rate Of Return

The minimum expected yield by investors to justify the risk of an investment.