Bentham's Principle of Utility Is the Principle That Approves of an Action

question 796

True/False

Bentham's principle of utility is the principle that approves of an action insofar as it appears to promote the happiness of the person performing the action.

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Definitions:

Standard Cost

A predetermined cost of manufacturing, selling, or operating a product or service.

Price Factor

A multiplier used to adjust prices, often in the context of indexation or currency conversion.

Standard Cost

A preset cost for a product under normal conditions, used as a benchmark against actual costs.

Price Variance

The difference between the actual price paid for a good or service and its expected (budgeted) price.