It is often difficult to accurately determine the monetary value of employee morale, work culture, and job satisfaction. This problem is often cited as a criticism of what approach?
A) stakeholder rights approach
B) human rights approach
C) justice approach
D) utility approach
E) social responsibility approach

Question

Quizplus · Accepted Answer

The utility approach focuses on the outcomes of decisions and their impacts on the overall happiness or satisfaction of all stakeholders. It often involves quantifying benefits and harms, which can be difficult when assessing intangible factors like employee morale, work culture, and job satisfaction. These elements are challenging to measure in monetary terms, highlighting a limitation of the utility approach.

It Is Often Difficult to Accurately Determine the Monetary Value