Stefan Is Confronted with a Serious Ethical Dilemma

question 59

Multiple Choice

Stefan is confronted with a serious ethical dilemma. He responds with a solution that creates the greatest good for the greatest number of people. Which ethical rule best describes his response?

• A)justice
• B)moral rights
• C)utilitarian
• D)practical
• E)moral scruples

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Definitions:

IO Perspective

Refers to the Industrial Organization perspective, which examines the behavior of firms, market structures, and their interactions within an industry.

Firm's Profitability

a measure of how effectively a company generates profit compared to its revenues, indicating its financial health and sustainability.

Different Industries

Various sectors of the economy that produce different types of goods and services, such as manufacturing, technology, and healthcare.

Higher Profits

The increased financial gain achieved by a business when its revenue exceeds its expenses by a greater margin than before.