The management of an organization follows the ideology that if they work keeping in mind the company's own economic self-interest, the total wealth of the society will be maximized. Which of the following best describes the ethical system used by the organization?

Question

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According to egoism, acceptable behavior is that which maximizes benefits for the individual. The idea is that if every organization follows its own economic self-interest, the total wealth of society will be maximized.

The Management of an Organization Follows the Ideology That If