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:

External Environment

All factors outside an organization that can potentially affect its performance and operations.

Volatile

Characterized by rapid, unexpected changes or instability, often associated with financial markets, chemicals, or situations.

Strategic Formulation

The process of identifying and setting appropriate strategies for an organization to secure a competitive position and achieve long-term goals.

Top Executives

Top executives are the highest-ranking officers in an organization, responsible for overall management and making major corporate decisions.