Asked by Emmanuel Rodriguez on Jul 08, 2024
Verified
Making a business decision based on its projected financial outcome and then arguing that the decision is ethical is
A) rationalizing the decision.
B) questioning the decision.
C) using the utilitarian approach.
D) using the stakeholder approach.
Rationalizing the Decision
The process of providing logical reasons to justify a decision or course of action.
Utilitarian Approach
An ethical philosophy suggesting that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
Stakeholder Approach
A business strategy that considers the interests and impacts of all stakeholders, including shareholders, employees, customers, and the community.
- Identify and apply different ethical frameworks in analyzing business decisions.
Verified Answer
Learning Objectives
- Identify and apply different ethical frameworks in analyzing business decisions.
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