Which of the following statements is true of the utilitarian approach

QUESTION

Which of the following statements is true of the utilitarian approach to business ethics?

A. It holds that an action is judged desirable if it leads to the maximization of stockholders’ wealth.

B. The best decisions, from a utilitarian perspective, are those that produce the greatest profits for businesses.

C. It recognizes that a business should pursue only those actions where the social benefits outweigh the costs.

D. It asserts that managers should not follow ethical norms if they see that others firms are also not following them.

E. It fails to consider the idea that actions have multiple consequences.

ANSWER

C