1. Ford Pinto
"Cost-benefit analysis, the sort of efficiency calculation that is common to business decision-making is based on the notions of utility" Utilitarianism, as coined by philosopher John Stuart Mill is known as the theory of ethical rationing of one's actions based on the principle of bringing as much happiness as possible to the most amount of people. "According to philosopher Jeremy Betham, the definitive moral standard is that of "utility," requiring us to consider the consequences of an act (or a social policy) for all those affected by it." ...
- Word Count: 619
- Approx Pages: 2
- Grade Level: Graduate