A Problem with the Utilitarian Approach Is

question 84

Multiple Choice

A problem with the utilitarian approach is

• A) that it assumes all countries subscribe to the same definition of "fundamental rights."
• B) that it imposes a set of mandatory values and behaviors on all entities in society.
• C) that it encourages selfish behavior.
• D) that it imposes one's morality upon others and judges them by standards they may or may not accept.
• E) that it is difficult to recognize all the benefits and costs of any particular decision.

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from the central bank's discount window.

High-risk Projects

High-risk projects are those that come with a greater uncertainty regarding outcomes, potentially offering higher returns alongside increased potential for loss.

Low-risk Proposals

Refers to proposals or projects with a minimal chance of failure or loss, often associated with stable returns.

Forecasting Techniques

Methods or processes used in attempting to predict future events or trends, based on historical data and analysis.