The Utilitarian Rule States That an Ethical Decision Is a Decision

question 56

Multiple Choice

The utilitarian rule states that an ethical decision is a decision that

• A)best protects the rights of people affected.
• B)produces the greatest good for the greatest number of people.
• C)distributes benefits and harms in an impartial manner.
• D)can be communicated with no reluctance.
• E)increases the financial effectiveness of the organization.

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Definitions:

Utility Function

An expression that captures how a consumer ranks different bundles of goods based on the level of utility or satisfaction each bundle provides.

Labor Income

Earnings from work or employment, including wages, salaries, bonuses, and any other form of payment for labor services.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Net Demands

The total demand for a product or service minus the supply provided, reflecting the actual market demand not met by current production.