What Are Utilitarian Ethics? Essay
The history of corporate accounting fraud could represent an application of utilitarian ethics to ethical challenges faced by business executives and, at the same time, could also serve as examples of reasons why utilitarian ethics is could not be acceptable. One of the reasons why utilitarian ethics, as an almost exclusive basis for business conduct, has withstood is because harm is usually limited to loss of material property. In the world of business, stakeholders face a loss of wealth or fortune, but normally not loss of life or health (Micewski & Troy, 2007). Rodgers and Gago, 2006, posit that the utility-maximizing principle of the utilitarian ethics is not directly applied to the action, only to an abstract rule that govern moral judgements as follows:
- An action is moral if it follows morally correct rules, and
- A rule is considered morally correct if the net utility produced when everyone acts on that rule is greater than the net utility produced when everyone acts on any other alternative rule.
Thriving companies are expected, by the general public to contribute to the community collective welfare, and most people believe that they should not have profits in excess (Rodgers & Gago, 2006).
A biblical example of resources benefiting the community would be Proverb 11:1 (NIV): “The Lord detests…