Utilitarianism: For and Against Many people have heard of the word utilitarianism‚ but don’t exactly know what utilitarianism means or what it is. After reading about utilitarianism in this paper‚ you will have a perfect understanding of utilitarianism and be able to teach others about it. To start off‚ I will give a detailed description of utilitarianism as a whole and will then move into explaining the development of utilitarianism from Jeremy Bentham to John Stuart Mill. I will also be stating
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Utilitarianism Valeria Ornelas Grand Canyon University: PHI 305 10/30/14 John Stuart Mill’s Moral Theory John Stuart Mill‚ a philosopher and political economist‚ is known today as one of the most influential sponsors for Utilitarianism. His moral theory tends to go along with a “Utilitarian rubric” (Fitzpatrick‚ 2006) and thus holds that the theory is based on how to define right and wrong in terms of happiness. For Mill‚ “actions are right in proportion as they tend to promote happiness‚ wrong
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issues with Cohen’s calculation‚ and then analyze an new WACC to decide whether we should invest in Nike Inc. Many issues should be addressed regarding Joanna Cohen’s WACC calculation. First‚ to calculate the debt cost of capital‚ Cohen divided the total interest expense by the company’s average debt balance. This is an issue because she did not take into account the current yield on publicly traded Nike debt. Another issue that should be addressed is the calculation of the equity cost of capital. Using
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analysis assumes Nike debt is trading at par – it is not ▪ Equity should be based on market value‚ not book value ▪ Hence total will be based on market cap.‚ not balance sheet ▪ Her debt cost is wrong ▪ She should use the current or projected cost rather than a historic one ▪ i.e. use a Bloomberg terminal (other terminals are available) to research yields on debt of the same credit rating as Nike ▪ It is unlikely Nike has a cost of
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NIKE‚ INC.: COST OF CAPITAL Professor Meiberger By Sebastian Gomez Team 5 Cohort: Front The portfolio manager for NorthPoint Group‚ Kimi Ford was deciding if she should pitch in and draw Nike within NorthPoint Large-Cap Fund. Nike‚ which did not have the strongest fiscal year results in 2001‚ was implementing new strategies to heighten its revenue and income. Kimi Ford‚ after having carefully read reports by analyst‚ and their input within this publicly traded company decided to emphasize
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Utilitarianism is an ethical theory that states that the best action is the one that maximizes utility. Jeremy Bentham‚ the founder of utilitarianism‚ described utility as "the sum of all pleasure that results from an action‚ minus the suffering of anyone involved in the action." (Encyclopedia Britannica) Followers of utilitarianism have disagreed on a number of points‚ such as whether actions should be chosen based on their results (act utilitarianism) or whether followers should conform to rules
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this struggle takes on new meaning. The ethics of military orders quickly become a problem when studying right and wrong. The problem ethics raise concerning military orders is solved using the theory of utilitarianism‚ and though opposed by ethical relativism‚ in this situation utilitarianism is the answer. The study of morality is called ethics. Morality is made up of the acceptable limits that the group “society” or individual has regarding good and evil and right and wrong. Ethics is
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Describe the main principles of the two normative ethical theories of deontology and utilitarianism. Compare and contrast the two theories‚ bringing out any problems or limitations you see in each. INTRODUCTION:- Bioethicists ask these questions in the context of modern medicine and draw on a plurality of traditions‚ both secular and religious‚ to help society understand and keep pace with how advances in science and medical technology can change the way we experience the meaning of health
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Utilitarianism Let me begin by defining Utilitarianism: utilitarianism is the belief of doing what is right for the greater number of people. It is a theory used to determine the usefulness of the happiest outcome and how it will affect everyone else. Now‚ this sounds like a amazing theory‚ what would be better than making yourself and others happy? I found myself at first agreeing with this theory up until I really looked into it. At first I found myself thinking that not everything is about
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Utilitarianism states “Actions are right in proportion as they tend to promote happiness‚ wrong as they tend to produce the reverse of happiness” (pg. 863). What this means is that actions are right when the majority of people benefits from it. This principle is assessed based on the consequences of the action‚ rather than the action itself. Therefore‚ utilitarianism is a form of consequentialism. If the outcome comes out positive and is useful for majority of the people‚ it is considered morally
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