Row 1: Utilitarianism concerns itself with the domain of consequences which tells us that the moral value

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Row 1: Utilitarianism concerns itself with the domain of consequences which tells us that the moral value of an action is "colored" by its results. The harm/beneficence test, which asks us to choose the least harmful alternative, encapsulates or summarizes this theoretical approach. The basic principle of utilitarianism is the principle of utility: choose that action that produces the greatest good for the greatest number. Cost/benefits analysis, the Pareto criterion, the Kalder/Hicks criterion, risk/benefits analysis all represent different frameworks for balancing positive and negative consequences under utilitarianism or consequentialism.

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Business Ethics

ISBN: 233465

1st Edition

Authors: William Frey, Jose Cruz-Cruz

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