The Utilitarian View Considers Ethical Behaviour to Be That Which

question 255

True/False

The utilitarian view considers ethical behaviour to be that which delivers the greatest good to the greatest number of people.

---

Definitions:

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and depreciation.

Fixed Cost

Costs that do not vary with the volume of output produced, such as rent, salaries, and insurance premiums.

Inventory

The total amount of goods and/or materials contained in a store or factory at any given time.

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure an adequate supply without excessive oversupply or loss.