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Suppose that the observations are partitioned into m groups in equal proportion. The entropy measure for this situation is equal to
Action
The process or state of acting or being active; a deed or movement.
Stakeholder Theory
A management concept that asserts that the interests of all stakeholders, not just shareholders, should be considered in the decision-making process of an organization.
Corporate Social Responsibility
A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.
Utilitarian Ethics
A moral theory that dictates the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
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