Question

Examples of Utilitarianism in the Accounting Profession, like situation they may go through in the business

Answer 1

Utilitarianism is an ethical theory that determines right from wrong by focusing on outcomes. It is a form of consequentialism.utilitarianism is arguably the most reason-based approach to determining right and wrong, it has obvious limitations. Accountants can be found performing daily tasks in situations governed by One of the characteristics that differentiate a profession from occupation is the code. For example, an accountant takes a company's money for a few days and Utilitarianism asserts that one should always act so as to produce the greatest.

In business-specific responsibilities of the accounting profession are expressed in the various codes of ethics promulgated. Utilitarianism is the ethical principle that considers an action to be morally right or wrong based solely on the consequences that result from performing it.

Applying Utilitarianism in Business. Utilitarianism is a moral theory, which works as a form of consequentialism that helps individuals to assess whether an action is good or bad. Therefore, an action is considered good if it brings joy to the most significant number of people in society and vice versa.

There are three principles that serve as the basic axioms of utilitarianism.
*Pleasure or Happiness Is the Only Thing That Truly Has Intrinsic Value.
*Actions Are Right Insofar as They Promote Happiness, Wrong Insofar as They Produce Unhappiness.
*Everyone's Happiness Counts Equally.