Chat with AI
Business & Professional Ethics 6th Edition by Leonard Brooks
Edition 6ISBN: 9781133708087Business & Professional Ethics 6th Edition by Leonard Brooks
Edition 6ISBN: 9781133708087 Exercise 1
Why are philosophical approaches to ethical decision making relevant to modern corporations and professional accountants?
Explanation
Verified
Verified
According to the text, the philosophical approaches to ethical decision making for corporations and accountants are:
• Consequentialism : Consequentialism requires that ethical decisions have good consequences.
• Deontology : Deontology holds that an ethical act depends upon the duty, rights and justice involved.
• Virtue Ethics : Under virtue ethics, an act is considered ethical if it demonstrates the virtues expected by stakeholders of the participants.
These philosophical approaches are becoming more and more relevant because of the growing awareness, interest and power of stakeholders in building and maintaining a company's reputation (and success).
• Consequentialism : Consequentialism requires that ethical decisions have good consequences.
• Deontology : Deontology holds that an ethical act depends upon the duty, rights and justice involved.
• Virtue Ethics : Under virtue ethics, an act is considered ethical if it demonstrates the virtues expected by stakeholders of the participants.
These philosophical approaches are becoming more and more relevant because of the growing awareness, interest and power of stakeholders in building and maintaining a company's reputation (and success).
Business & Professional Ethics 6th Edition by Leonard Brooks
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
