The ethical theory that underlies cost-benefit analysis is:
A) libertarianism.
B) deontology.
C) utilitarianism.
D) ethical relativism.

Question

Quizplus · Accepted Answer

Cost-benefit analysis is most closely associated with utilitarianism, which is an ethical theory that suggests the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people. This approach aligns with the principles of cost-benefit analysis, which aims to quantify and compare the positive and negative effects of a decision or policy to determine its overall benefit.

The Ethical Theory That Underlies Cost-Benefit Analysis Is