Which of the following statements is true of the utilitarian approach to business ethics?
A. It holds that an action is judged desirable if it leads to the maximization of stockholders' wealth.
B. The best decisions, from a utilitarian perspective, are those that produce the greatest profits for businesses.
C. It recognizes that a business should pursue only those actions where the social benefits outweigh the costs.
D. It asserts that managers should not follow ethical norms if they see that others firms are also not following them.
E. It fails to consider the idea that actions have multiple consequences.
C
You might also like to view...
The trend analysis report of Doppler, Inc is given below (in millions)
2018 2017 2016 2015 2014 Net income $700 $607 $456 $403 $401 Trend percentages 175% 151% 114% 100% 100% Which of the following is a correct conclusion from the above analysis? A) Net income for 2018 is 175% of that for 2014. B) Net income for 2017 is 151% of the previous year. C) Net income for 2017 decreased by 151% from 2016. D) Net income for 2018 increased by 175% from 2017.
According to Project GLOBE, ________ refers to the degree to which individuals in organizations or societies encourage and reward individuals for fairness, altruism, generosity, caring, and kindness toward others
A) institutional collectivism B) in-group collectivism C) humane orientation D) performance orientation