Jeremy Bentham Proposed That People Acted in a Way That

question 57

Multiple Choice

Jeremy Bentham proposed that people acted in a way that brought them the greatest pleasure and the least pain and that they would not commit crime if the pain of punishment was greater than what might be gained from carrying out the crime.This idea was known as Bentham's ________.

• A)liberalism factionalism
• B)hedonistic calculus
• C)ethnocentrism differentiation
• D)utilitarianism integration

---

Definitions:

Share

A unit of ownership interest in a corporation or financial asset that gives the holder a claim on part of the corporation's assets and earnings.

Sharpe Measure

A ratio used to evaluate the risk-adjusted return of an investment, calculated by subtracting the risk-free rate from the return of the investment and dividing by the standard deviation of the investment's returns.

Risk-Free Return

The theoretical return on an investment with zero risk, typically associated with government bonds.

Jensen's Measure

A performance evaluation tool that measures the excess return of a portfolio above the expected return, accounting for risk.