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    Utilitarianism and Collapse of HIH

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    How can one relate the theory of utilitarianism to the collapse of HIH?

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    Utilitarianism, in its most ideal formulation, ought to be conducive to running a large business. With its many moving parts, multiple stakeholders and beneficiaries, and a hierarchy of employees, a multi billion dollar corporation such as Australia's HIH must implement a method of functioning where the focus off all activity is increased utility; for HIH and many corporations like it, profit is the ultimate utility and all activities of the corperation, from ...

    Solution Summary

    Utilitarianism and the collapse of HIH is examined.