The Underlying Principle of Utilitarianism Is Sometimes Called The

question 73

Multiple Choice

The underlying principle of utilitarianism is sometimes called the:

• A) kingdom of ends.
• B) best of all possible worlds.
• C) Golden Rule.
• D) Greatest Happiness Principle.
• E) rule of reason.

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company to be reinvested in its core business or to pay debt.

Capital Budgeting

The process of evaluating and selecting long-term investments that are consistent with the firm's goal of maximizing owner wealth.

Cost of Capital

The rate of return that a company must achieve in order to justify the cost of an investment or project.

DCF Method

Discounted Cash Flow Method; a valuation technique used to estimate the attractiveness of an investment opportunity, based on future cash flows and discounted present values.