M: MANAGEMENT
6th Edition
ISBN: 9781260923346
Author: BATEMAN
Publisher: McGraw Hil
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Question
Chapter 4, Problem 1LO
Summary Introduction
To discuss: How various ethical perspectives assist in managerial decision making.
Expert Solution & Answer
Explanation of Solution
As an individual’s decision would often be derived from his or her ethics, varied ethical perspectives assist in managerial decision making. The ethics would often differ from one people to the other as it is one’s personal choice on which the value overrules the others.
An ethical issue is a problem, situation, or choice, where an individual should select between many actions, which should be assessed as morally correct or wrong. The significant 5 perspectives, which shapes the ethics of an individual includes egoism, relativism, universalism, utilitarianism, and virtue ethics.
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