Examlex
Which capital budgeting technique defines returns in terms of income instead of cash flows?
Free Economy
An economic system where transactions are under the control of private owners for profit rather than by the state.
Utilitarianism
A theory in normative ethics holding that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
Greatest Good
A concept often associated with utilitarianism, suggesting that actions are right if they benefit the majority, promoting the most happiness or least harm.
Laws
The system of rules that are created and enforced through social or governmental institutions to regulate behavior and maintain order in society.
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