BUS 303 - Lecture 2 Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
Moral Factors Things that are relevant to how we ought
to act
Ethical Theory Attempts to explain why something is
good or bad, right or wrong, virtuous or
vicious
Consequentialist Theories The morality of an action is determined
solely by its consequences
Non-Consequentialist The morality of an action is determined
Theories by more than by the consequences
Consequentialism The right action produces the most good
(happiness)
Utilitarianism An action is right if and only if it
maximizes utility (net happiness)
Components of Utilitarianism Consequentialism, Maximization, View of
the good, impartiality
Answers with Verified Solutions | Latest
Updated 2026
Moral Factors Things that are relevant to how we ought
to act
Ethical Theory Attempts to explain why something is
good or bad, right or wrong, virtuous or
vicious
Consequentialist Theories The morality of an action is determined
solely by its consequences
Non-Consequentialist The morality of an action is determined
Theories by more than by the consequences
Consequentialism The right action produces the most good
(happiness)
Utilitarianism An action is right if and only if it
maximizes utility (net happiness)
Components of Utilitarianism Consequentialism, Maximization, View of
the good, impartiality