An Ethical Theory That Urges Managers to Take Those Actions

question 81

Multiple Choice

An ethical theory that urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question is called ________.

• A) Deontology
• B) Utilitarianism
• C) Kantian ethics
• D) Absolutism
• E) Ethical relativism

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Definitions:

Government Spending

Refers to the total expenditure incurred by the government on various goods, services, and projects to fulfill its economic and social objectives.

National Income

The total income earned by a country's people and businesses, including wages, profits, and rent, over a specific period.

Crowding-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending and investment, due to higher interest rates or other factors.

Private Investment

The expenditure on capital goods by private sector firms or individuals to increase their production capacity or asset portfolio.