Adoption of Which of the Following Ethical Approaches Is Most

question 5

Multiple Choice

Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action?

• A)naive immoralism
• B)Friedman doctrine
• C)ethnocentrism
• D)utilitarianism
• E)righteous moralism

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Definitions:

Performance Potential

The capacity or capability of an individual or system to achieve and maintain high levels of performance, often in a specific context.

Express Warranty

An explicitly stated assurance by a seller that the goods or services offered meet certain quality or performance standards.

Factor

An element or component that contributes to or influences a situation, outcome, or process.

Basis of the Bargain

The primary conditions and understandings that form the foundation of a contractual agreement.