To increase profitability,top management of a national retailer needs to decide if it will close several stores.Management knows that by closing the locations,it will save the company millions of dollars and benefit many stockholder groups and individuals.The benefits of closing the stores outweigh the benefits of keeping them open.Keeping the stores open would be advantageous for many fewer people than closing the stores.This logic is an example of the ___ approach to deciding ethical dilemmas.
A)individual
B)majority
C)utilitarian
D)justice
E)moral-rights

Question

Quizplus · Accepted Answer

The given logic is an example of the utilitarian approach to deciding ethical dilemmas, as it considers the benefits and costs of a decision for various stakeholders and aims to maximize overall happiness and welfare. Thus, the decision to close the stores is based on the assessment that it will benefit many more people than keeping them open.

To Increase Profitability,top Management of a National Retailer Needs to Decide