The ______________ is used to help managers determine a decision that will produce the greatest good to the greatest number of stakeholders.
A) Stakeholder analysis
B) Utilitarian goal-based analysis
C) Government-based analysis
D) Duty-based analysis

Question

Quizplus · Accepted Answer

The utilitarian goal-based analysis is the most appropriate approach to determine a decision that will produce the greatest good to the greatest number of stakeholders. This approach compares the costs and benefits of each available option and selects the one that maximizes overall utility, or happiness, for the most people. The stakeholder analysis also considers the interests of different stakeholders, but it does not necessarily prioritize the greatest good for the greatest number. The government-based analysis and duty-based analysis are different ethical frameworks that are not specifically designed to maximize the welfare of all stakeholders.

The ______________ Is Used to Help Managers Determine a Decision