A forecast with a time horizon of about 3 months to 3 years is typically called a A)short-range forecast.
Short-term forecasting is the process of projecting what will happen in the near future (usually hour by hour) and then using that information to construct a strategy to fulfill those demands.
Let's use your support crew as an example. You may already have forecasts on a monthly, weekly, or even daily basis. However, Short Term Forecasting goes much farther in order to assist you manage a staff that is as efficient and productive as possible.
For example, your current prediction shows that next week will have a high volume of client engagement. That's a good place to start, but it's still not enough information to properly staff.
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What can you say to encourage a customer to buy?
To encourage a customer to buy something establish a relationship of trust with your customers.Focus on the advantages of your products rather than their features.
How can you get customers to spend more?Create value and content. Businesses that give their customers access to their expertise are valued by customers. Offering advice is a great way to build relationships and get customers to spend more money by adding value.
The reasons you choose to purchase a product or service are referred to as your "buying motives." There are three types of reasons for buying: Supportive, rational, and emotional. Emotional motives are reasons to make a purchase based on how you feel.
What attracts customers to a product?When purchasing a new product, seven underlying factors primarily trigger buyers. In addition to security, FOMO, identity and belonging, price, peer recommendations, obligation, fear, price, and happiness, our motives include necessity and convenience.
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What are the rules of the government in a mixed economy?
The roles of government in the mixed economy are to maintain the social and legal framework, to provide public goods and services, to maintain competition, to redistribute income, and to stabilize the economy.
What exactly is the mixed economy?The term "mixed economy" refers to a system of economic organization in which the private sector's action is combined with that of the public sector, which acts as a regulator and corrector of the former.
Most economic decisions in a mixed economy are made through the market interaction of sellers and consumers. However, the state plays an important complementary role in it.
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Assume (1) estimated fixed manufacturing overhead for the coming period of $200,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, (3) actual manufacturing overhead for the period of $320,000, (4) actual direct labor-hours worked of 54,000 hours, and (5) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to:
A) $5.82
B) $5.70
C) $5.93
D) $5.64
Could I also have a step by step explanation please?
The predetermined plantwide overhead rate for the period is closest to $5.64 when estimated fixed manufacturing overhead for the coming period of $200,000.
Calculating the problem:Given:
Estimated fixed overhead rate = 200,000
Estimated variable manufacturing overhead = $ 2.00
Predetermined Overhead rate = Estimated Variable overhead rate + Estimated Fixed overhead rate
= 2 + (predicted fixed manufacturing overhead cost/Estimated labor hours)
= 2 + (200,000/55,000)
= 2 + 3.64
= $5.64
Manufacturing overhead rate:The standard amount of factory overhead costs that are allocated to each production unit is known as a manufacturing overhead rate. Accrual-based accounting assigns factory overhead costs to units that have been sold and units that are stored in inventory using this information.
There are five distinct categories of overhead in manufacturing: indirect employment; indirect supplies, materials, and parts for repair; utilities and rent; depreciation; monetary costs
What is the overhead rate, exactly?The overhead rate is the ratio of direct costs, sales, or other inputs, like machine hours, to overhead costs (rent and other administrative costs). It shows owners and managers how their company's indirect costs compare to, say, its direct manufacturing or gross sales costs.
Why is overhead necessary?Because it provides crucial support for the production of activities that result in profits, overhead is still required. For instance, in order to obtain a location that is suitable for the sale of clothes, a high-end clothing retailer must pay a sizeable sum for rent, which is a type of overhead.
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Which of the following statements is true about the righteous moralist approach to ethics? a. The righteous moralist approach is typically associated with managers from developed nations. b. The righteous moralist approach states that an action is judged desirable if it leads to the best possible balance of good consequences over bad consequences. c. The righteous moralist approach states that the only social responsibility of businesses is to increase profits. d. The righteous moralist approach implicitly rejects the idea that universal notions of morality transcend different cultures
The following assertion is true: (A) Managers from industrialized countries are frequently identified with the righteous moralist approach to ethics.
An upright moralist contends that a multinational's home country's ethical standards are the ones that businesses should adhere to abroad. Managers from industrialized countries are frequently thought to use this strategy. The idea that domestic norms of ethics are the best ones for businesses to adopt and put into effect abroad is known as righteous moralism.
Moral growth, individual values, family influences, peer influences, and life experiences are the personal variables that shape a person's ethical standards. There are three schools of ethics: deontological or duty-based ethics, consequentialist ethics, and virtue ethics. Each method offers a unique way to comprehend ethics.
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Bjorn purchased a small duplex for use as a rental property. After the property was placed in service, he made some improvements, and later in the year, he made some repairs to the property. Which of the following statements regarding the treatment of the expenditures is CORRECT?
A)The improvements and repairs must be capitalized.
B)The improvements and repairs are currently deductible.
C)The improvements are currently deductible; the repairs must be capitalized.
D)The improvements must be capitalized; the repairs are currently deductible.
When these costs either extend the useful life of an existing asset or increase its productive capacity.
Are repairs and maintenance capitalized?When to Capitalize Maintenance and Repair Costs These expenses are instead regarded as capital expenditures when they either expand the productive capacity or lengthen the usable life of an existing asset.
To restore an asset's condition, repair and maintenance expenses are incurred. When utilising the accrual method of accounting, the correct way to account for these expenditures is to charge them to expense in the period in which they are incurred. When the accompanying supplier invoice is paid, the cost is recorded as an expense when utilising the cash foundation of accounting.
In either scenario, the Repairs and Maintenance Expense account will be charged. The charge is subsequently recorded as an expense on the income statement.
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A closed shop agreement, which is illegal today, is an extreme example of a(n) ________ that ensured all workers who benefited from the union paid union dues.
An extreme example of a (n) union security clause that ensured that all workers who benefited from the union paid union dues is a closed shop agreement, which is currently illegal.
Which term refers to a security arrangement between unions?Store closed. arrangement for union security that requires union membership before hiring; Against the National Labor Relations Act's provisions. Negotiating together.
What is the most straightforward form of union security?the most basic form of union protection. A type of union in which employees are required to keep their union membership throughout their employment and that employers are only allowed to hire workers who are already members of a particular union.
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What is the mortgage on a 200k house?
A 5% down payment is typically needed for conventional mortgages, such the regular 30-year fixed rate mortgage. In this scenario, $10,000 is required to obtain a mortgage if you are purchasing a $200,000 home.
What do you mean by mortgage?
A mortgage is an agreement between you and a lender that permits you to borrow money to buy or refinance a home and gives the lender the power to seize you.With a mortgage, your lender lends you a predetermined sum of money to purchase the property. You consent to repay your loan over a number of years, plus interest. Until the mortgage is entirely repaid, the lender retains ownership of the house for various assets, resources and useful properties.This is how the theory of mortgage can be used to visualize and understand various concepts..To know more about mortgage here
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Which of the following entries would be made as the result of the revenue recognition principle? O A. Service Expense 1,000 Service Revenue 1,000 O B. Salaries Expense 1,000 Accounts Payable 1,000 O C. Accounts Receivable 1,000 Service Revenue 1,000 O D. Depreciation Expense 1,000 Accumulated Depreciation 1,000
Salaries Expense 1,000
Service Payable 1,000
would be made as the result of the revenue.
The revenue recognition principle expresses that you ought to possibly record revenue when it has been procured, not when the connected money is gathered. For instance, a snow furrowing administration finishes the furrowing of an organization's parking garage for its standard charge of $100. It can perceive the revenue promptly upon consummation of the furrowing, regardless of whether it anticipate installment from the client for quite some time. This idea is integrated into the accumulation premise of accounting.
A minor departure from the model is the point at which a similar snow furrowing administration is paid $1,000 ahead of time to furrow a client's parking area north of a four-month term. For this situation, the assistance ought to perceive an addition of the settlement ahead of time in every one of the four months covered by the understanding, to mirror the speed at which it is procuring the installment.
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John, the vice president of product development, not only stays with a chosen course of action on a product but continues to make increasing levels of investment even though the decision appears to be flawed. This course of action is known as ________
Escalation of commitment is the name given to this line of action.
What is Escalation of commitment?Escalation of commitment is a pattern of human behavior in which a person or group continues to behave in the face of more unfavorable results from a choice, action, or investment rather than changing their behavior.
The term "commitment bias" refers to our propensity to stick with our prior activities, especially those that were displayed in public, even though they did not provide the desired results. When a decision-maker invests resources in a course of action in the hopes of reaching a favorable conclusion and receives unfavorable outcomes, there is a danger that their commitment may escalate.
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Which of the following is NOT a service design technique used to increase service efficiency?
a) Modularization
b) Increase customer interactions
c) Limit the options
d) Delay customization
e) Automation
Increase customer interactions is NOT a service design technique used to increase service efficiency.(option b is correct)
Service efficiency can be increased through techniques such as modularization, limiting options, delaying customization, and automation. These techniques can help streamline processes and reduce waste, ultimately leading to increased efficiency and improved customer satisfaction. Additionally, tools such as automation and technology can be utilized to automate repetitive tasks and improve efficiency.
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What is the benefit of paying discount points as part of the closing costs ?
The benefit of paying discount points as part of the closing costs will let you to pay an initial fee in exchange for a lower interest rate.
In most cases, you can trade off how you pay for your mortgage and closing costs by using points and lender credits. In exchange for paying an initial fee, points, also known as discount points, lower your interest rate. Your closing costs will be lower if you accept a higher interest rate in exchange for lender credits.
Why do some borrowers opt to pay discount points on their mortgages?Borrowers who are using their savings to make a down payment but don't want to pay more up front can benefit from these credits. Due to the fact that lenders typically charge a variety of closing costs, decreasing the initial cash payment can alleviate some financial strain.
Who will pay for the discount points?In exchange for a lower interest rate, mortgage points—also known as discount points—are fees paid directly to the lender—usually a bank—by a homebuyer. Another term for this is "buying down the rate." In essence, you get a lower interest rate over the course of your loan in exchange for paying some interest up front.
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What are the types of market economy?
There are two main types of market economies: free market economies and mixed market economies.
A free market economy is a system in which the prices of goods and services are determined by the open market and consumers. This economic system is based on supply and demand with little or no government control. This system promotes competition, which results in a wide variety of goods and services at competitive prices.
A mixed market economy, on the other hand, is a system in which both the private sector and the government play an active role in the economic process. The government will intervene in the market economy to regulate prices, ensure fair competition, and provide public services.
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According to the Katznelson text, the primary check on the interest group advantages of business interests is
According to the text, the primary test of community of interest merit is corporate profit. It is in the limelight of sustained public attention.
The main purpose of interest groups is to influence public policy for themselves or their purposes. Other purposes associated with these groups are:
Interest groups are pushing governments to change. An organized group of people who approach governments on policy issues. Create groups to increase their chances of being heard. The basic goal of interest groups is to influence public policy. Advocacy groups do this by bringing large groups of people together to confront a particular issue in order to get the attention of national agencies and to set or create policies that meet their needs.
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Question Mode Multiple Choice Question How is retailing in the United States different when compared to the European Union, China and India
The US retail sector has the highest concentration of large retail companies and the highest retail density.
How has the retail industry changed throughout time?The development of urban covered markets, specialized stores, and department stores during the 18th and 19th centuries marked the beginning of retail as an organized sector. In the late 1800s, catalogs offered consumers for the first time the chance to shop without leaving their homes.
What are the two most important environmental factors in the retail industry?The danger of supply chain disruption and the environmental impact of using raw materials are the two key factors that have an impact on retail. Every use of natural resources has some negative effects on the environment, and more people are concerned about reducing those effects.
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The US retail sector has the highest concentration of large retail companies and the highest retail density.
How has the retail industry changed throughout time?The development of urban covered markets, specialized stores, and department stores during the 18th and 19th centuries marked the beginning of retail as an organized sector. In the late 1800s, catalogs offered consumers for the first time the chance to shop without leaving their homes.
What are the two most important environmental factors in the retail industry?The danger of supply chain disruption and the environmental impact of using raw materials are the two key factors that have an impact on retail. Every use of natural resources has some negative effects on the environment, and more people are concerned about reducing those effects.
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Read the quotation above, an excerpt from a speech by a U.S. public official. The statement most directly reflects which of the following economic principles and contradicts which other?
The claim directly contradicts Adam Smith's theory of free enterprise and John Maynard Keynes' notion of government responsibility.
Reflects:
Given that "In the long run, we are all dead," as he put it, Keynes suggested that governments should address issues now rather than waiting for market forces to do so. This does not imply that Keynesians support periodic policy adjustments to maintain full employment.
Contradicts:
Adam Smith was one of the first thinkers of his era to assert that money is produced via labor that is productive and that individuals are driven by self-interest to make the most use of their resources. He believed that capital investments generated profits, and that capital is allocated to projects where the greatest profits can be realized.
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you decide to group employees based on the activities they do, and separate your online employees from your retail store employees. what basis for grouping employees will you use
The correct answer is Hierarchical Structure. Larger corporations and organisations frequently have hierarchical organisational structures.
Larger corporations and organisations frequently have hierarchical organisational structures. It depends on the organization's management levels being at various degrees of authority, connected via a chain of command. In most cases, official decision-making occurs from the top down. For instance, on a bigger scale, a forest is made up of cells that create leaves, branches that make up limbs, and lastly, individual trees. We take into account all levels of organisation, from individual cells to the composite forest, to comprehend a forest.
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Terophone charge is debit or credit
Answer:
credit
Explanation:
Is it possible to get a 850 credit score?
Yes, it is possible to get a 850 credit score. However, it is very difficult to achieve and maintain such a high score. It requires a long history of responsible credit management, including making all payments on time, keeping credit utilization low, and avoiding any negative marks on your credit report.
What is credit score?A credit score is a numerical representation of a person's creditworthiness. It is a three-digit number ranging from 300 to 850, based on an analysis of an individual's credit history. The higher the score, the lower the risk to the lender. Credit scores are used by lenders to determine eligibility for credit cards, auto loans, mortgages, and other types of financial products. They are also used by landlords, employers, and insurance companies to assess an individual's financial risk. A good credit score can help an individual access better interest rates and terms on loans and other financial products.
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Refer to Figure 4-5. The movement from point A to point B on the graph is called
The movement from point A to point B on the graph is called an increase in the quantity supplied.
According to the law of supply, a higher price causes a higher supply while a lower price causes a lower supply. Tools used to summarise the link between supply and price include supply curves and supply schedules. A shift along the supply curve from point A to point B is referred to as a change or in the quantity delivered. A change in the product's price results in changes along the supply curve.
Businesses find it more profitable to increase output when the market price of a good rises in response to rising demand. This growth is shown by an upward supply curve. When everything else is held constant, supply is the amount of goods and services that a supplier desires and is able to provide at various costs.
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What is a risk factor vs cause?
Risk factors are factors that are connected to a specific result, according to epidemiologists. A risk factor, however, does not always imply a cause. Risk factors also cover substitutes for underlying causes.
Real causes exist. Statistics serve as risk factors. The past, the present, or the potential for the future to produce illnesses are all examples of past causes of illness. Risk factors can be present or foreseeable, but not historical. Risk factors are hypothetical, based on statistics. If they materialize, they will no longer be risk factors but rather causes. Past causes are simply that—causes like, A past reason would be slamming your finger into a door, which would result in a broken finger.
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A product-oriented layout would be most appropriate for which one of the following businesses?
a. fast food
b. steel-making
c. insurance sales
d. clothing alterations
A product-oriented layout would be ideal for the businesses of Fast food.
What is product-oriented layout?High demand for the same or similar products characterizes a product-oriented layout. This layout is also known as a repetitive layout.
In layman's terms, product-oriented layouts are models that are organized around items with equivalent high low commodities or families. Consumer demand is strong enough to justify the significant investment in specialized equipment required for such a design. The commodity has been standardized or is nearing the end of its life cycle, which justifies investments in advanced equipment.
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Splitting up the value chain is when many of the different stages of producing a good happen in different geographic locations.
The value chain is divided, which causes various stages of the production of a thing to occur in several nations worldwide.
Define the different stages of producing a goodgeographic locations?Numerous themes are covered by economic geography, such as the location of industries, economies of agglomeration (sometimes referred to as "linkages"), transportation, global trade, development, real estate, gentrification, ethnic economies, gendered economies, and core-periphery theory.
The five steps are distribution, development, pre-production, production, and post-production. Geographers have two methods for describing a place's location: absolute and relative. Both terms describe a place's geographical location. Let's examine how absolute and relative location differ from one another.
The accessibility of raw materials, land, water, labor, power, capital, transportation, and markets are factors that influence the placement of industries. Location, Place, Movement, Human-Environment Interaction, and Region are the five themes of geography.
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C
Which best describes how specialized producers decrease their opportunity costs?
ООО
by reducing production costs
by focusing on target markets
by increasing production of certain items
by limiting the types of goods produced
Answer:
by limiting the types of goods produced
Explanation:
Answer:
by limiting the types of goods produced
Explanation:
got it right on edge uwu
Maximize performance and inspire colleagues by visualizing success and identifying unconventional, yet highly effective strategies
Performance can be maximized and colleagues can be inspired by setting clear and attainable goals, recognizing and rewarding successes, and providing feedback and support.
What is performance?
Performance is the process of achieving desired outcomes. It involves executing tasks, activities, and processes in order to meet set objectives. Performance is generally measured by assessing the quality, effectiveness, and efficiency of a task. Performance measurement looks at different aspects of a task, such as its accuracy, duration, and cost.
Visualizing success can help to motivate and focus efforts. It can also be helpful to identify unconventional strategies that have been successful for others in similar situations, and to brainstorm together on how these strategies could be adapted to the current situation.
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Trade credit may be used to finance a major part of the firm's working capital when Select one: O A. the firm extends more liberal credit terms than the supplier. OB. the firm extends less liberal credit terms than the supplier. OC. neither the firm nor the supplier extend credit. O D. the firm and the supplier both extend the same credit terms. The cost of failing to take a trade discount is. Select one: O A. Higher for terms of 2/10, net 60 than for terms of 2/10, net 30 OB Lower for terms of 2/10, net 60 than for terms of 2/10, net 30 OC. The same for terms 2/10, net 60 as for terms of 2/10, net 30 O D. Cannot be determined from the information provided
When the company gives more lenient credit terms than the supplier, trade credit may be used to fund a significant portion of the working capital of the company.
The trade of products and services from one person or organization to another often takes place in exchange for money. A system or network that permits trading is referred to as a market by economists. Before the invention of money, trades were carried out by bartering, or the direct exchange of one commodity or service for another. Today, the bulk of trade agreements are signed using a medium of exchange like money. As a result, buying can be distinguished from earning or selling. Trade was aided by the creation of money. Bilateral trade is defined as trading between two parties, whereas multilateral commerce comprises more than two parties. According to one contemporary viewpoint, trade is made feasible by specialization and the division of labor.
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The total expenses of organizing a party has a fixed expense of $250 as the rent of the place where the party is to be organized and a variable expense depending on the number of guests attending the party. For 10 guests the total expense was estimated to be $650. What is the estimated total expense for 20 guests
The total cost for a 45-person private party at the restaurant is $775. Medicare is broken into several segments based on what each part covers.
It is described as the relationship between two variables, and a straight-line result from plotting the graph of the linear equation. If there is just one variable included in the equation, it is referred to as a linear equation in one variable. In third-party-payer markets, there are differences between the parties who get the commodities and those who make the payment. Currently available platforms called third-party marketplaces allow vendors to offer their products or services for sale on a third party's website or application. The largest third-party payer, Medicare, is provided by the federal government. Medicare is broken into several segments based on what each part covers.
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What is one advantage of a mixed market economy in a democracy ?
One advantage of a mixed market economy in a democracy is that it allows for more freedom and flexibility for individuals and businesses to pursue their economic interests.
This economic freedom encourages innovation, competition, and economic growth. It also allows for citizens to have a say in how their economy is managed, as they are able to vote for different policies that affect their lives. This leads to greater economic security, as individuals and businesses can be sure that their economic interests are being taken into consideration.
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In a certain city the cost of a taxi ride is computed as folows there is a fixed charge of 2.50 as seen as yiu get in the taxi, to wwhich a charge of 2.25 mile is added
This represents the cost for an x-mile taxi journey as a whole. C(x) = (2.2)x + 2.55
As per the details share in the above question are as follow,
The details provided are,
The cost of a taxi ride is a fixed charge of 2.50.
The added charges for the taxi that yiu get is 2.25 mile.
Therefore we have to find the cost of total miles.
So, to find the cost of total mile we have,
Total Cost of taxi ride for an x-mile=
C(x) = (2.25)x + Fixed Cost
Substitute the value in above equation we get,
So the equation is,
C(x) = (2.25)x + 2.55
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Note : The correct question would be as bellow,
In a certain city , the cost of a taxi ride is computed as follows: There is a fixed charge of $2.50 as soon as you get in the taxi, to which a charge of $2.25 per mile is added. Find an equation that can be used to determine the cost , C(x), of an x-mile taxi ride.
The value of a levered firm will be than the value of an identical unlevered firm because the levered firm's taxes will be
Answer:
higher
Explanation:
hope this helps
What kind of ethical framework it is that focuses on the results whether it would benefit the majority?
According to utilitarianism, a results-oriented philosophy, the moral course of conduct is the one that results in the greatest balance of good over bad for the greatest number of stakeholders.
Consequences of any action are the only yardstick of what is right and bad, according to utilitarianism, a kind of consequentialism. Utilitarianism takes into account all sentient beings' interests equally, in contrast to other consequentialist ideologies like egoism and altruism. On a variety of topics, utilitarian'sJeremy Bentham started the modern utilitarianism tradition, which was carried on by thinkers like John Stuart Mill, Henry Sidgwick, R. M. Hare, and Peter Singer. The theory's roots can be found in the writings of the ancient Indian philosopher ntideva and the hedonists Aristippus and Epicurus, who believed that happiness was the only good. The idea has been used to address issues including social welfare economics, the crisis of global poverty, the morality of raising animals for food, and the significance of preventing existential hazards to humans. have disputed, including whether decisions should be made based on the anticipated outcomes of acts (act utilitarianism) and whether agents should follow guidelines that maximize utility (rule utilitarianism). There is also debate over whether the utility of those who are least fortunate should be prioritized over average utility, overall utility (total utilitarianism), or average utility (average utilitarianism).
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