When Management Uses Employees Only for the Benefit of the Business

question 14

Multiple Choice

When management uses employees only for the benefit of the business without giving them consideration and respect, which management ethical theory is reflected?

• A) utilitarian
• B) stakeholder
• C) normative
• D) deontological

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Definitions:

Neoclassical Economics

An economic approach that analyzes market mechanisms and the allocation of resources through supply and demand, focusing on rational choices and equilibrium.

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors affect the economic decisions of individuals and institutions.

System 1

Refers to our mental system primarily responsible for quick, instinctual, and often subconscious decisions and judgments, contrasting with deliberate and analytical thinking processes.

System 2

refers to a theory of decision-making proposed by Daniel Kahneman that emphasizes slow, deliberate, and analytical reasoning.