QUESTION 3 It is wise for a decision maker to take into account more than profit
ID: 419442 • Letter: Q
Question
QUESTION 3
It is wise for a decision maker to take into account more than profit when making decisions that have a significant social impact!
True
False
QUESTION 4
The Ethical Decision Making Framework or EDM as illustrated in our text involves and example assessment of Consequentialism, Deontology and Justice and Virtue Ethics via all of the following concerns except:
motivation expected, advances science, improve personal rights
profitability, legal, and demonstrates virtues
fairness to stakeholders, achieve profits, and of expected character
Is it more beneficial than cost and fair to all
a.motivation expected, advances science, improve personal rights
b.profitability, legal, and demonstrates virtues
c.fairness to stakeholders, achieve profits, and of expected character
d.Is it more beneficial than cost and fair to all
Explanation / Answer
Answer:
3. TRUE
According to some great philosopher “ the main objective of the human life is to create value for society, enhance the life state, and live a happy and prosperous life’. From this principle it is clear that a wise decision maker should give more importance to value creation for good social impact then profit.
4. All the given points are true and ethically or legally correct.
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