Which of the Following Typically Is Not a Real-World Difficulty

question 15

Multiple Choice

Which of the following typically is not a real-world difficulty of applying utilitarianism?

• A) It give undeservedly high weight to human emotion
• B) It cannot readily measure societal values, such as the value of eradicating discrimination based on religion
• C) It can be difficult to determine if an act makes society better off
• D) It focuses on the good of the majority and does not place any value on the protection of minorities' rights

Understand the goal of firms to maximize total revenue.

Understand the distinction between System I and System II thinking as it applies to human reasoning and decision-making.

Identify and explain the phenomenon of confirmation bias in hypothesis testing and reasoning.

Comprehend the structure and implications of syllogistic reasoning in logical thinking.

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Definitions:

Local Level

Pertaining to a small, specific area, often a community or locality, focusing on localized issues, governance, or initiatives.

Location Economies

The economic benefits that firms gain by performing a particular activity in the optimal location for that activity.

Meganational Strategy

A strategy employed by companies that operate globally, aiming to balance the scale benefits of global operations with the need to adapt to local markets.

Value Chain

All the value-creating activities undertaken by the company.