Question

Utilitarian approach O a. accounts for values such as justice and individual rights O b. None of the given statements O c. says with certainty whether the consequences of our actions will be good or bad O d. It is not the most common approach to moral reasoning used in business because of the way in which it accounts for costs and benefits

Answer 1

The correct answer is d) It is not the most common approach to moral reasoning used in business because of the way in which it accounts for costs and benefits.

The utilitarian approach to moral reasoning focuses on maximizing overall happiness or well-being by considering the costs and benefits of actions. It weighs the consequences of actions and aims to achieve the greatest net benefit for the greatest number of people.

In business ethics, while the utilitarian approach can be applied, it is not always the most common approach. This is because it may require weighing the costs and benefits of actions in a way that can be challenging or subjective, especially when considering factors such as individual rights, justice, and other moral values.


Other approaches, such as deontological ethics or virtue ethics, may also be employed in business ethics depending on the specific circumstances and values involved.