BEL4_Utilitarianism in Business

What is the foundational ethical theory discussed in the text?

• Egoism

• Deontology

• Utilitarianism

• Virtue Ethics

According to utilitarianism, actions are morally right if they promote what?

• The greatest happiness for the most people

• Legal compliance

• Individual rights

• Profit maximization

What principle emphasizes that everyone's happiness is weighed equally?

• Cost-Benefit Analysis

• Focus on Consequences

• Impartiality

• The Greatest Happiness Principle

In utilitarianism, the morality of an action depends on what?

• Traditions

• Consequences

• Rules

• Intentions

What is a common method used in decision-making within utilitarianism?

• Moral Absolutism

• Deontological Ethics

• Virtue Signaling

• Cost-Benefit Analysis

What does the Ford Pinto case illustrate about utilitarianism?

• Prioritizing safety over profit

• Balancing cost savings with human safety

• Ignoring public opinion

• Maximizing shareholder value

What ethical concern arises from utilitarianism regarding minority groups?

• It ensures justice for all

• It may justify harming minorities

• It focuses on individual rights

• It promotes equality

What is one advantage of utilitarianism in business?

• Focuses on individual rights

• Promotes inefficiency

• Provides a clear framework

• Ignores measurable outcomes

What is a criticism of utilitarianism mentioned in the text?

• It promotes individualism

• It neglects rights and justice

• It is too complex

• It is too simplistic

Which ethical theory focuses on rules and obligations regardless of outcomes?

• Virtue Ethics

• Pragmatism

• Utilitarianism

• Deontology