Questions: When managers use financial performance as the best definition of an ethical choice, they are taking a(n) approach to organizationa moral-rights individual utilitarian. justice
Transcript text: When managers use financial performance as the best definition of an ethical choice, they are taking a(n) approach to organizationa moral-rights individual utilitarian. justice
Solution
The answer is C: utilitarian.
Explanation for each option:
A. Moral-rights: This approach focuses on respecting and protecting the fundamental rights of individuals, such as the right to privacy, freedom, and due process. It is not primarily concerned with financial performance.
B. Individual: This approach emphasizes the importance of individual self-interest and personal gain. While financial performance might be a consideration, it is not the primary focus of this approach.
C. Utilitarian: The utilitarian approach to ethics is based on the principle of achieving the greatest good for the greatest number of people. When managers prioritize financial performance as the best definition of an ethical choice, they are likely considering the overall benefits and consequences for the organization and its stakeholders, which aligns with utilitarian principles.
D. Justice: This approach is concerned with fairness and equity, ensuring that benefits and burdens are distributed fairly among individuals and groups. It does not specifically focus on financial performance as a measure of ethical decision-making.