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Distinguish Between the Following Theories of Ethical Behavior: Utilitarianism,a Rights-Based

question 40

Essay

Distinguish between the following theories of ethical behavior: utilitarianism,a rights-based approach,and a justice-based approach.


Definitions:

Compounded Semi-annually

The process of adding interest to the principal sum of a loan or deposit on a twice-yearly basis, resulting in interest on interest.

Payments

Amounts of money paid by one party to another, often at regular intervals, in exchange for goods or services.

Repaid

The act of paying back money that was borrowed from a person, bank, or financial institution.

Interest Rate

The ratio at which interest is applied to money loaned by a borrower from a lending party.

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