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Utilitarianism
A philosophical concept that holds the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.
Deontology
An ethical theory that suggests actions are morally right because of their characteristics, not just their outcomes, emphasizing duties and rules.
Decision Making
The process of making choices or reaching conclusions, especially when preferences are considered among a range of potential options.
Traditional Corporation
A conventional business entity focused on profitability and growth, characterized by hierarchical organization and shareholder ownership.
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