Examlex
What are the advantages and disadvantages of utilitarianism as an ethical approach in organizations?
Risk Neutral
A risk neutral person or entity is indifferent between choices with different levels of risk, focusing solely on the expected outcome without concern for the variability of returns.
Risk Averse
Personality or preference indicating a tendency to avoid taking risks, preferring certainty or less risky options.
Income
The money received, especially on a regular basis, for work, through investments, or from benefits.
Utility Function
A mathematical representation that ranks an individual's preferences for various combinations of goods and services based on the level of satisfaction (utility) they provide.
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