To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ___ approach to deciding ethical dilemmas.
A. individual
B. majority
C. utilitarian
D. justice
E. moral-rights
C. utilitarian
Ethical behavior in the utilitarian approach is guided by what will result in the greatest good for the greatest number of people. Managers often take the utilitarian approach, using financial performance such as efficiency and profit as the best definition of what constitutes "the greatest good for the greatest number."
You might also like to view...
To summarize findings for metric measures the researcher should:
A) not try to summarize findings to metric measures; it is inappropriate B) use a percentage distribution (sometimes called a frequency distribution) C) compute a frequency deviation D) compute an average such as a mean E) compute histograms
When the owner of the business invests additional cash in the business:
a. the Cash account is debited. b. the owner's Capital account is credited. c. the owner's Capital account increases. d. the Cash account increases. e. All of the above are correct.
A(n) ____ application interacts with other programs and databases; it interacts only indirectly with users.
A. front-end B. back-end C. relationship D. employee
When using websites for researching the price of a new car, people should be looking for: A) dealer incentives.
A) dealer incentives. B) holdbacks. C) destination charges. D) dealer cost. E) All of the answers are correct