Which of the Following Ethical Theories Requires Decision Makers to Maximize

question 51

Multiple Choice

Which of the following ethical theories requires decision makers to maximize utility for society as a whole?

• A)Profit maximization theory
• B)Deontological theory
• C)Rights theory
• D)Utilitarian theory

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Definitions:

Employment Contract

A formal agreement between an employer and an employee outlining the terms of employment, including duties, compensation, and duration.

Age of Majority

The legally recognized age at which an individual is considered an adult, capable of voting, entering into contracts, and enjoying other civil rights.

Usury

The practice of charging excessive or illegally high interest rates on loans.

Legal Exceptions

Provisions or circumstances that alter the application of laws in specific cases, often providing exemptions from certain legal requirements.