Answered: How do the approaches of acting towards…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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How do the approaches of acting towards good consequences and acting on duty differ? which approach is better

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Step 1: Ethical decision-making

The topic of ethical decision-making has been a subject of extensive philosophical debate, wherein different approaches have been proposed to provide individuals with guidance in determining moral correctness. There are two prominent ethical theories that provide distinct perspectives on appropriate actions: consequentialism and deontology. Consequentialism, as its name implies, places significant emphasis on the consideration of outcomes or consequences in the determination of the moral value of an action. On the contrary, deontology, originating from the Greek term "deon" (meaning duty), places emphasis on the intrinsic moral duty or obligation linked to an action, irrespective of its outcomes.

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