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Questions and Answers
What is the goal of this lesson?
What is the goal of this lesson?
- To gather a large amount of data on customers
- To learn how to make ethical decisions (correct)
- To evaluate ethical problems
- To focus on maximizing company profits
Why should a business aim to maximize the common good?
Why should a business aim to maximize the common good?
- To make society better off by satisfying customers (correct)
- To solely focus on their own interests
- To gain a competitive advantage
- To satisfy their shareholders
What does utility represent in the context of decision-making?
What does utility represent in the context of decision-making?
- Harms from each possible action
- The profitability of a decision
- Only financial benefits
- Measurable benefits and intangible benefits like well-being or happiness (correct)
What is one option the retailer needs to consider regarding customer data?
What is one option the retailer needs to consider regarding customer data?
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How should businesses determine which decision maximizes the common good?
How should businesses determine which decision maximizes the common good?
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