Utility College Essays Samples For Students

Philosophy of Religion – Pascal’s Wager

The question of existence of God has been a bone of contention among many philosophers ever since philosophy existed. Earlier the arguments in favor of God dominated, but later, close to the time of modernity, it appears as if arguments against God’s existence have dominated, irrespective of the validity and plausibility of the arguments. However, even in the modern times, many philosophers tried to defend the existence of God. Among those Blaise Pascal was also one whose argument became famous with the name of Pascal’s wager. The main idea of the argument was that one must wager for ...

Electric Transportation for personal, industrial, and public transportation is the largest investment that will prepare for the future financial stability of any utility company. Many utility companies across the globe have already begun the transition and many more will follow. Now is the time to get in on this new technology that is assuredly bound for complete integration into society during this century. The United States has been a leading nation in many technologies, now is the time to lead with electric transportation and the American utility companies can be that leader.
Everyone knows that the fossil fuel industry ...

Identification of Malaysia’s Economic System 3

Evaluations of Malaysia’s Economic System.. 4
Rationale of Malaysia’s Economic System on Utility Maximization...7
Pricing Mechanism.. .9
Conclusions.. 11
References... 12
Identification of Malaysia’s Economic System
The economic systems of the vast majority of the developed countries in Asia, Africa and Latin America are supposed to be mixed. In spite of the fact that there was the backward, predominantly, pre-capitalist, economic structure characterized by the use of primitive equipment and technology, it did not prevent from being the leader in the economic sector against the background of the particular economic ...

Following the American Psychological Association’s Guidelines

INTRODUCTION
Monetary policy implemented by the central banks aims at influencing directly the financial markets to create a stable monetary environment in the economies. The economies fluctuate over time with peaks and troughs. The globalization has created a large world economy which includes the connected country economies, and any crisis emerging in a country spreads to the other countries’ economies quickly. The crisis creates vulnerable economies, and the economy managements of the countries have to intervene to recover from the crisis. The global crises have severe results for economies and individuals, and they also can create disequilibrium in the monetary values ...

Diminishing Marginal Utility is whereby the marginal utility that a person derives from a product declines steadily as he increases consumption level by consuming additional unit of the same product, while keeping consumption of other related products constant. For instance, when one takes that first bite of a cake, it seems like he just cannot get enough of the same. However, as he takes his second piece as well as his third piece, he may begin to realize that he has had enough the cake. Applying the same concept, for each additional piece of cake he consumes, the additional satisfaction he receives ...

There have been calls for the imposition of tax on fast foods, with the intended goal of such a measure being to discourage the use of such foods because of their associated high health costs. There are criticisms to such a proposition, including the fact that it is difficult to associate the externality of high health costs directly with junk food. There are also concerns that the price increase for junk food due to the taxes may result in the decrease in the real income of people in poorer neighbourhoods who do not have a choice of fresh foods. This paper will ...

[Your Full Name]

Problem 1
Opportunity Cost
- Define the term “Opportunity Cost”
Opportunity cost is the value of the foregone mutually exclusive alternatives. When choice are to be made between several mutually exclusive alternatives in terms of decision making, opportunity cost is the value of alternative that is forgone due to selection of some other alternatives. Generally, opportunity cost is the value of next best alternative that can be achieved with same input. For example: George had $2 in his pocket which is enough to buy either a cup of tea or a cup of coffee. Among ...

The Meaning of Consumption Activities in Daily Life

The theory of consumption is one of the fundamental disciplines of microeconomics. It explores the economic decisions, especially in the area of consumption by private economic agents. The behavior of the consumer (buyer) in the market economy is based on the theory of demand (consumer behavior theory), which is based on how and how our needs are converted into a certain amount of demand; how from a variety of benefits we choose what suits us. Consumer behavior is the process of formation of the market demand of buyers offering a choice of benefits taking into account the existing price. ...

According to David Hume, the essence of justice is vital to the success of any society. David Hume also asserts that certain benefits associated with justice usually arise from that basis that it may be superfluous, particularly when individuals implement initiatives to develop its proof (Hume 10). David Hume also believes that the primary origin of Justice is social utility. The benefits or advantages of justice in his opinion are founded on virtues. He is also of the opinion that stakeholders should engage in in-depth inquiry of virtues as the foundation of the benefits of justice. From a personal ...

Briefly explain and discuss the five types of utility. Which type(s) of utility (are) the most important and why?

The five types of utility are the following:
1. Form Utility—Have attributes or features that set them apart from the competition.
2. Time Utility—Are available when customers want them.
3. Place Utility—Are available where customers want them, which is typically wherever the customer happens to be at that moment, or where the product needs to be at that moment.
4. Possession Utility—Deals with the transfer of ownership or title from marketer to customer. Products higher in possession utility are more satisfying because marketers make them easier to acquire.
5. Psychological Utility—Deliver positive experiential or ...

Summary of Thinking, fast, and slow by Daniel Kahneman

George Mason University
Summary of Thinking, fast, and slow by Daniel Kahneman
Introduction The author, Daniel Kahneman, hopes that the readers would benefit from the reading of his book, which is about biases of intuition. According to the author, it can be a tough choice between what we believe and what we want. Friends and colleagues help us in making and evaluating choices. The thinking process is one conscious thought leading to another. The mental work creates impressions and intuitions silently in our minds. We allow our beliefs, feelings and preferences to feel confident about our decision, even if ...

Introduction

Utility programs have had a significance role to play in operating systems. Most operating systems, especially windows operating systems have utility programs that are used in the management and enhancement of the operating system. It is in the quest to optimize the performance of the operating system. Most utility programs are there to enhance the speed and protect the operating system from damage. For operating systems to operate in an optimal manner, they have to be protected and enhanced with utility programs. After some time, the speed of operating system and the overall performance does not match the current user ...

Introduction

Airline companies charge different prices for different classes of passengers. A passenger who wishes to have higher quality services during the flight must pay a higher price for their tickets than those who travel in a different class. The airlines differentiate the prices of customers by having different features in the categories. However, there are other instances when the customers’ ability to travel in the business class is limited by their level of income. Pricing is one of the strategies used in maximizing revenues for the airline companies. The companies, therefore, must take into account the factors that affect demand for ...

How Apple Inc. adds Value to its Customers

Apple Company manufactures a variety of mobile phone tools in the United States. Mobile phones are devices that consumers use to communicate with friends and family from all parts of the world. The use of mobile phones for communication makes the product universal because communication takes place across the globe. The organization manufactures a product known as iPhone that has numerous uses other than communication. The firm created the product secretly during the purple project; Steve the director of the institution, selected ten thousand employees to work on this project as he guided them through various stages (Miser, 2013). Jobs turned ...

PART A- Questions related to ‘The Mystery of the Invisible Hand’

Jevons Marshall is a fictitious pen name used by the true author(s) of the book. Who really wrote the book? What makes ‘Jevons Marshall’ a clever choice for the pen name in this case?
Answer. The pseudonym Jevons Marshall is used by two renowned professors of economics who are William Breit and Kenneth G. Elzinga. The pen name is derived from the surnames of two famous economists named Alfred Marshall and William Jevons. The pen name made from the names of these two economists is deliberately used for writing mystery novels based on economics as where the former ( ...

The microeconomic theory

The identified microeconomic theory was the consumer demand theory. The consumer demand theory falls under the branch of economics that deals with the study of consumer behaviors applying to decisions related to purchase of goods and services in the market. The theory provides a deep insight into understanding market demand and forms the cornerstone of the modern microeconomics (Salvatore, 2002).

Properties and characteristics of the theory

The consumer demand theory generally analyzes consumer behavior in terms of market purchases that are based on satisfaction of needs and wants achieved after consuming a product. The main property of the theory is utility maximization. Economists are most interested in ...

Introduction

Price was and remains the main tool that provides a proportional development of production and unity of interests of market relations. Basis for analyzing the structure of the economy, its challenges, opportunities and prospects for socio-economic development is based on the identification of the essential features of pricing, determining the structure of prices, price proportions.
Successful economic development of any country or subject of a market economy depends on clear and effective functioning of the price, because they reflected the entirety of economic relations and the relationship between members of social production. This is possible if the mastery of ...

Prospect Theory and Disappointment Aversion

The Allais paradox is a problem designed by French economist Maurice Allais in 1953 to show common inconsistencies between the predictions of expected utility theory and actual observed choices of individuals. Many theories have been proposed to solve the Allais paradox, among which the Prospect Theory and the Theory of Disappointment Aversion, and both will be described in this essay.

Prospect Theory

Guthrie, C. (2003) describes how the two original proponents of the Prospect Theory, Daniel Kahneman and Amos Tversky, would meet every mid-day for a long time, and spend their time inventing interesting sets of gambles and observing our their ...

COMPARISION BETWEEN THE UTILITY OF WALLERSTEIN’S WORLD SYSTEM THEORY AND FOCAULT’S THREE UNDERSTANDINGS OF POWER

The world systems by Immanuel Wallenstein and Michel Foucault’s three understandings of power are some of the most important theories that explain power differences among nations (Polat 2012). Their relevance to international relations is that these schools of thought all endeavor to explain reasons why there is power imbalance among world nations in their trade and political relations with one another. According to the world system’s theory, there is need to have a holistic study of the entire world economy as a system in order to understand how each country fits into the whole world system.

Meaning of Power

The ...

23-May-14

Mill, Utilitarianism(Mill, Utilitarianism, Hackett, ISBN 087220605X)
Mill, Utilitarianism(Mill, Utilitarianism, Hackett, ISBN 087220605X)
The elaboration of Mill's principle of utilitarianism focus over the perception of action that determines the ethical consideration keeping in view the utility. The very aspect is expressed by the under the implication of moral binding that raised the concerns of obligations. The concept of a utilitarian framework provided by Mill is the outcome of the referred theory/perception. John Stuart Mills utilitarianism is viewed as a controversial yet appealing philosophy of moral and ethical considerations. The fundamentals of the philosophy, lie over the concern of ...

Sole Remaining Supplier

Sole Remaining Supplier

Key Utilitarian Ethical Problems

The key utilitarian ethical problems that confront the supplier transistor company in the case is one where the supplier had to choose between ensuring its own good or the greater good. On one hand, the supplier had to protect the company by ensuring that it does not become liable in any way for any problems that may arise from the development or use of defective pacemakers (Shanks, 1996), especially considering that many people were dying from their use at the time. On the other hand, though, if they stopped supplying transistors to the pacemaker company then ...

According to the utilitarianism ethical theory, all actions are right if the can promote the greatest happiness or greatest good to the greatest number of individuals. Therefore, the utilitarian urges people to make all decisions that are based on the greatest happiness of the greater population in their minds, regardless who may be worse off in the course of utilizing this approach. According to Pojman, the theory of utilitarianism has two main strengths. The first strength is that it promotes the action-guiding principle that can be applied on every occasion as long as the person's actions enhance the most ...

There are numerous examples where microeconomics is applicable to us in our everyday life. This paper will focus on some of the examples I encountered while I was a teen ager and also how these concepts have helped me to analyze every situation from an economist perspective.
Starting off with a simple example, as teenager I always loved McDonalds and would spend a lot of money buying shakes, burgers from an outlet. At that time I had no idea about the concept of utility which is a fundamental concept in microeconomics. Every time I consumed a burger I really enjoyed it and wanted ...

The three kinds of friendship

Indeed, Aristotle devoted a lot of thought and time to the friendship question. He proposed three kinds of friendship and described how they were significant in life. Firstly, he looks at friendship of utility. He described that it only existed between one and another individual who is important to the other in a way (Kelly, 2010). For example, one can be friendly to a roommate mainly because he pays for all the bills in the house. Aristotle describes this friendship as shallow and one that can be easily broken because it is dependent on what one party brings to the table. This ...

The political/legal factors that might affect the A.J. Hackett Bungy Company include taxing and political organizations with the international society. Recreational facilities require maintenance and measures stipulated by the government to ensure safety and these can be expensive. The tourism ministry affects the market of the company as most tourists that like bungee jumping depend on the infrastructure like roads to reach the company as customers come from local as well as international regions (Roberts, 2009).
Social and cultural factors that affect the company center on the activities that the society participate in around the company. Bungee jumping ...

Educational affiliation

Abstract
Corporate Social Responsibility and Ethics
The paper analyses the role of the ethics and corporate state responsibility in the terms of the automotive industry. The study is to evaluate the role of the local ethics and the Corporate Social Responsibility in the process of the international development of the automotive industry. The key objectives are to evaluate the roles of these two concepts, find out the role of the customers’ awareness of the unethical behavior, and describe the patterns of change. The study validates why the car industry should focus on the ethical considerations and the CSR. This ...

For as long as there are battles, there are prisoners. The captives are held by the so-called rivals. Out of the prisoners, some escape, others are freed; some are exchanged while others are killed. The outline portrays the situation of Bowe Bergdahl, who was held in captivity for almost five years. The sergeant was released in 2014 in exchange for several detainees in a US Camp in Cuba. Hours after his rescue, controversial stories rose accusing him of misconduct and desertion. Bowe is currently facing charges from the US Army on the account of desertion and misbehavior that can ...

Introduction

It is moot question whether Western countries dominate the less developed nations in production and distribution of cultural products or if that domineering force has taken a beating in the changing face of the world. While proponents of cultural imperialism argue in favor of the Western hegemony, opponents have several examples hinting at the receding power of Western nations.
Succinctly, it is a conceptual divide among scholars that make it an interesting topic to explore and discuss. The paper describes both sides of the coin, i.e., the views of supporters as well as the opponents. Having analyzed both perceptions, ...

Abstract

The ethical issue of vaccination in the United States has become a controversial one of late, despite its status as a long-standing medical practice borne of practical results and rigorous scientific study. However, recent years have seen a rise in the anti-vaccination movement, cultivated chiefly through the Internet and popular cultural figures advocating for vaccine refusal. When viewing and examining this issue from a utilitarian perspective, it becomes clear that compulsory vaccination remains a moral and ethical imperative, regardless of the controversy that has surrounded it.
The ethical issue of vaccination in the United States has become a controversial one of late, despite its ...

Introduction
Utilitarianism is a principle that the moral worth of an action is determined by its usefulness in maximizing utility and minimizing negative utility. Utility is the pleasure, preference satisfaction and knowledge. The moral worth of an action is determined by its outcome. In this study we are going to compare Mill, John Stuart’s work 'Utilitarianism’ and Kant, Immanuel’s work 'Groundwork for the Metaphysics of Morals.' The study will also come up with findings based on the comparisons if the end justifies the means.
John Mill’s account on Utilitarianism is primarily influenced by Jeremy Bentham ...

Assignment #1 – Aristotle

Virtue or Vice: Aristotle’s Ethics of Friendship and the Ethical Problem of Prostitution
Aristotle and the Ethics of Prostitution
The best way to think about prostitution in an Aristotelian way is to think about whether or not a prostitute is a friend. In the Nicomachean Ethics, Aristotle spends a considerable amount of time on thinking about what constitutes friendship. However, can someone one procures sex for money be a friend? Furthermore, is prostitution a virtue or a vice? These are issues when thinking about these issues in terms of the Aristotelian tradition.
In thinking about the issue of prostitution, two concepts ...

Introduction

Price elasticity of demand is applied in determining pricing decisions. The nature and value of price elasticity determine a firm's profit maximising strategy; increasing or reducing price. The nature of particular markets makes principal-agent problem an inherent feature and companies must design appropriate measures to deal with the problem. Markets can be categorised into four depending on the number of firms, behaviour of the firms, among other factors. This paper explains the concept of price elasticity of demand, principal-agent problem and market structures. In addition, it explores how these features are reflected in the market for natural gas in Arizona. ...

Batman is a famous long time superhero that transcends one generation to generation. He is known for his bat costume and abilities that roam silently in the dark. He is a hero on his own. His might and power has been proven to be a sole merit for people to recognize his abilities. Batman is a solitary superhero for a long time. While it is true that Batman survived many of his heroic quests alone, fighting the good fight for freedom and justice for the society can best be won when fought with a partner. For Batman’s case, the presence of Robin plays a significant ...

INTRODUCTION

The article entitled “The Difference Between Men and Women, Revisited: It’s About Competition” is a discussion written by Prof. Hal Varian on his views about the difference between men and women with reference to the paper written by two economists, namely Muriel Nierderle (of Stanford University) and Lise Vesterlund (of University of Pittsburgh) entitled “Do Women Shy Away From Competition? Do Men Compete Too Much?.” Prof. Varian recognized the attempt of the two economists to explore, through an experiment, the gender differences of which the findings, according to him, “have certainly raised a host of interesting and important questions.” In ...

Supply and demand is the examination of market forces that determine the potential profitability of an item. However, the extent to which these factors work together is somewhat of an exact science, with a variety of things entering into the question. Marginal analysis requires an economist to make decisions ‘at the margin,’ determining just how the next dollar or hour should be spent. A marginal analysis of supply and demand, then, would help to determine supply and demand curves in a way that figures out how much they cost.

The market demand curve showcases how many goods would be purchased at a ...

Since the dawn of our human civilization, people have been trying to find the most effective way of building their behavior. Historically, the patterns of people’s activity have been directly connected to the society itself. Therefore, the social and political utility of the human operations is one of the determining factors. As a result, the behavior of the community, formed by the patterns of personalities, has become an extremely complex system of reasons and consequence.
Hannah Arendt addresses the topic of the human being’s behavior in the context of the political history. The Human Condition is her ...

Mill's utilitarian argument supports Singer's utilitarian argument about the obligation of an individual to assist starving people that are in absolute poverty. Although the Mill’s explanation makes Singer’s argument look overdemanding, both philosophers have nearly the same understanding. For instance, Mill claims that people should do good not to impress or profit the world but to achieve self-happiness (Kowalski 177). In doing so, the individual gets to help the world or the society in general. Just like Singer, Mill gives an example where one has a lunch date but on the way, meets a child in need ...

Define and discuss time and space utility

Products must be transported from the place where they are produced to the place where customers demand it to be delivered. The value-add that the product gains due to its transport is called space utility. The time utility is the length of time before or between the product deliveries, which consists of mostly storage and inventory time. When the organizations are able to deliver the goods at a time they are needed, then their time utility increases.

What is the Total Cost Analysis and how does is affect logistics?

Total cost analysis provides the methodology for integration of logistics, manufacturing, and procuring costs across the network. This is done to achieve ...

Leadership Ethical Analysis

Introduction
Analysis of leadership and leadership styles of different leaders have been a common phenomenon, but in current arena, ethical leadership has gained the spotlight of professionals and researchers. Good leadership style is the one that encourages ethical behavior. Ethics are important in practicing good values at the workplace and for serving the society with maximum utility and benefits.
Businesses are run with the aim of benefiting the organization that comes at the expense of the health of society often. The aim of the leader is to maximize the benefit of organizations and without having ethical characteristics, leaders maintain ...

Background Introduction

The paper evaluates the utility of handheld communication devices, about use, flexibility, simplistic and intuitive design, the perceptibility of data, ability to error tolerance, physical effort low in a measure, and approach in use of space and size. The objective of this paper is to give an assessment of the above from research I have conducted. To meet this objective, I have organized it to focus on individual sections for each principal mentioned. I also discuss the designer’s aid to the physically challenged and universal user ability. Later, I finish my paper with the conclusion. The principles of ...

In a world where every country has nuclear arms at its disposal, no one wins. While it may benefit individual countries to be in possession of nuclear weapons, no country benefits from having neighbors that possess them. The reason why, in contrast to the predictions of President Kennedy 50 years ago, there are only nine countries that have nuclear weapons, is because our world leaders understand that to resolve the international strategic dilemma posed by the arms race, the majority of countries must assent to being non-nuclear weapons states.
The cold war nuclear arms race can be described in ...

Part 1

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Part 2

This was a value which was sourced from Jesus teaching. Soul Force was used to transform and bring peace to Indian people movement society by Gandhi. Today, it is used to change lives of women, men, and children who stay in violent households.
The argument of soul force claims that ends and means are inseparable and close. Gandhi rejected the idea that injustice should not be tolerated by all means. Violent, unjust ...

Executive Summary

In view of the issues facing the ABC management, the key solutions identified relates to three issues on cash and budget, innovation and product development as well as theft and fraud reduction. With that, The Cost and budget management solution is meant to enhance the business performance by reducing the excessive and unnecessary use of the company resources. That would be achieved through key initiatives involving effective management of the sales and expense as well as debt management that would cut on expenses and the interest paid on debt by having more responsible personnel overseeing the accounts and their ...

The article being reviewed is titled ‘Auto Executives Dismiss Fears of Plateau in Global Demand’ which appeared in The Wall Street Journal on January 13, 2016. The article discusses the impact of increasing utility of cars due to falling oil prices, which have resulted in expectations of demand increasing over the coming period.
Fall in oil prices have resulted in gasoline prices coming down to $2 per gallon or even lower in some areas. Auto companies expect that such prices will persist in the near term and as a result the demand for cars is expected to go up ( ...

The objective of this paper is to present a plan for product promotion campaign of a new shampoo. We define the goal of this campaign at the very beginning. Then we enumerate the possible methods of achieving this goal. We present an analysis of the possible effect of the campaign in terms of pricing and distribution of the product.

Setting up the Goal

Since the product is a new shampoo the first goal will be spread awareness about the product. To make people understand the unique characteristics of this new product that makes it different from the other products. The people has to ...

Introduction

There are different ethical issues in the medical field just as there are in many other fields. Learning how to address them before they arise is critical. The decisions involved in organ procurement and allocation can at times involve ethical dilemmas. The main aim of organ transplanting is to reap medical benefits including saving lives and increasing the quality of life. All the necessary protocols should be observed so that the interests of all the parties involved including the donors, allocators and receivers are considered. There are different individuals how hold different positions regarding what is ethical and whether ...

Morality and Utilitarianism

Categorical Imperative
Kant’s concept of categorical imperative states that people should follow actionable maxims, which have the potential to be applied universally without the development of any self-defeating contradiction. In essence, the framework of a categorical imperative propels a human being to do an action regardless of consequences of the action; ergo, if an action is ethically right in itself, and can be applied universally, it falls into the domain of the categorical imperative.
An example of an ethical dilemma meriting debate though the prism of Kant’s Categorical Imperative is the situation where a person is running late ...

Introduction

As a regular customer of milk from Island Farms, this paper will be based on my experience with the product. The description will entail my experience at the store, the product itself as well as the consumer behavior characteristics that are evident during my interaction with the product.
Milk is a good source of easily digestible protein. In addition, it contains Calcium, vitamin D and vitamin B12. These are essential nutrients that are needed by the body for growth, protection from infections, and to keep bones healthy and strong. Milk can be in the form of fresh milk or milk ...

Everyone Wants to Be a Homeowner. Why Not a Foodowner?

Thesis Statement
People like to invest in the housing rather in food because of the long term benefits associated with housing and for securing the future.

Explanation

People want to make healthy investment decisions. This is because of The Individual’s Economizing Problem, the wants of people exceed their needs because of the scarce resources and limited income, so they want to make such decisions from which greater output can be obtained. Josh Barro describes the same phenomenon in the article Everyone Wants to Be a Homeowner. Why Not a Foodowner? In the New York Times, that people want to own ...

Philosophy

Explain Mill's argument in chapter two of Utilitarianism against telling a lie. Is his argument against lying consistent with his claim in chapter four that it is beneficial for people to believe that virtue is good in itself?
Mill’s argument in chapter two of Utilitarianism against telling a lie concerns the principle of utility and expediency . Under the principle of utility, there should be the maximization of happiness (satisfaction) for the greatest (most number) of people. Under expediency (that is, suitability to the end in view), an action should offer the most appropriate or pleasurable outcomes. Any expedient actions ...

The company should not hire more than four days of labor because the firms gets a loss in profit of $20 on the firth day. The firm earns a marginal yield of $30 on the fifth day, which means that paying a wage of $50 will result into a marginal loss of $20.
Factors of production are the essential resources for the formation of goods or services. They include land, labor, and capital. Factors of production facilitate or allow the production a service or good however they do not constitute the final product for example a piece of plastic container. Labor is the human ...

Friendship is a very important virtual life since it brings about friendship and honor towards people. Friendship is classified into three categories that include friendship of utility, friendship of pleasure, and friendships of virtue (Aristotle 139-132). In his friendship theories, Aristotle argues that friendship breaks down in to self-love, related to love of utility and love of pleasure (Walker pp. 180-196). Looking at the first kind of friendship, friendships with utility, these individuals come together in certain situations that may relate to work issues; example of employees in work places. Philosophers claim that such friends will only be together during ...

Doctrine of Utilitarianism and Stem Cells

The use of stem cells has been a hotbed of debate for many years. Lawmakers, philosophers, theologians, scientists, and physicians all have their reasons as to whether or not we should or should not pursue the use of stem cells, as well as pursue stem cell research. We should, of course, continue to research stem cells and use them in any way that can manufacture better lives for humans based on simply on the Doctrine of Utilitarianism.
Most of the controversy surrounding stem cell research and the use of stem cells surrounds morality. However, the Doctrine of Utilitarianism puts ...

Objectivist Traditions and Application

Philanthropists’ Dilemma
The case of two philanthropists who must decide whether their mother (nearing complete brain death and whom doctors believe is in moderate pain) should continue her life is challenging to ponder. She has a 5% chance of meaningful recovery, being ill with terminal cancer and senility. Objectivists stand on both side, all sure of their own moral justification.
Deontological theories, split up into agent-centered or patient-centered theories, are useful to contrast their compelling views in the morally hazardous Delshondra situation. These two differ in that the former focuses on each individual agent’s personal morality dilemmas and ...

Research Skills

2016
Introduction
The use of social media has mainstreamed the marketing platforms for most companies today. This practice has been so common due to the introduction of digital technologies that connect the entire world. Therefore, information dissemination and realization of connectivity is highly manifested on the social media platform than any other marketing precepts. On the other hand, there has been a massive transition from traditional marketing concepts, even as most companies embrace this new marketing portfolio (Wollan, Smith, & Zhou, 2010). Jingle Clothing Limited Company is not exempt to this massive migration since it needs to catch up with ...

Proponents of utilitarianism envision a situation where human actions are judged by their consequences. According to Bentham, the best moral action must always maximize utility. Simply put, actions should ensure they bring about the greatest happiness among human beings. An action that does not promote happiness among people therefore does not meet this threshold. Bentham further argues that such actions must involve the two aspects of happiness; quality and quantity. Consequences, therefore, not legality, should form the basis of justification of actions by humans. Stuart Mill supports this proposition by arguing that bringing or increasing pleasure among humans should ...

Introduction

A removal of the adverse practices of child labor forms the central goal of the International Labor Organization (ILO). There are more than one challenging illustrations pertaining to the poorest methods of child labor, which are elaborated in different economic studies. A research conducted by a group of scholars reveals that the assessment of the worst procedure is about child labor . The notion is found to be specifically significant due to the central objective of ILO to eliminate the adverse practices of child labor. The International Labor Organization in the year 1999 showed the initials on convention C182. The ...

According to Name, the labor market “is the institution by which workers and employers come together to engage in the production of output” (Name 297). A distinctive feature of the labor market is fixed level of wages and its correlation with a number of working hours. Key issues of the labor market are health-related issues, issues related to labor supply, and the ones related to total compensation. Health-related issues state that healthy worker is more productive than workers with health problems. Labor supply issues determine a correlation between the health status of the worker and his or her employment. ...

The principle of utility is the basis of all utilitarianism. Utilitarianism is defined as maximization of general happiness of a person regardless of the moral position of the means by which this is achieved. More happiness is considered better than less happiness anyways, right? General happiness is however difficult to quantify. For act utilitarianism, a deed is right only if it results in the greatest possible utility. It works by making comparison between two deeds that an individual could engage in, the one which results in the most satisfaction for the greatest number of people is considered the right ...

Business goals are primarily geared towards attaining financial gains. Other factors weigh heavily in ensuring the success of a business undertaking such as the organizational capability, management competency and market improvement strategies. Beyond these success factors, however, one aspect of running a business that is crucial in determining the performance of the business in the long term is business ethics or the application of moral theories in making business decisions.
Business ethics refer to the adoption of proper business policies and practices concerning potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary ...