Which One of the Following Is an Objection Raised Against

question 3

Multiple Choice

Which one of the following is an objection raised against psychological egoism by Bishop Butler?

• A) It would lead to immorality.
• B) Personal satisfaction is often the consequence of getting what we desire,not its goal.
• C) Pursuing our own pleasure will not lead to happiness.
• D) What we are psychologically driven to do and what we ought to do are different.

Grasp the concept of factors of production and their relevance in economic activities.

Comprehend the primary goal of firms and the concept of profit.

Understand the circular flow of income and product in an economy.

Identify the importance of entrepreneurs in market economies and debunk myths regarding their role.

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Definitions:

Variable Costs

Expenses that fluctuate directly with changes in production or service levels.

Service Department Costs

Expenses incurred by departments that do not directly produce goods but provide essential support services within a company.

Performance Evaluation

The systematic assessment of an employee's work performance using predetermined criteria to improve and manage performance.

Budgeted Fixed Costs

The projected amount of fixed costs for a certain period, used for planning and budgeting purposes.