Summary BUS FPX4801 Assessment2.docx BUS-FPX4801 Parameters of Ethical Decision Making BUS-FPX4801 Introduction Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles. In

BUS FPX4801 A BUS-FPX4801 Parameters of Ethical Decision Making BUS-FPX4801 Introduction Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles. In making ethical decisions, it is necessary to perceive and eliminate unethical options and select the best ethical alternative [ CITATION Bli16 l 1033 ]. Decisions about right and wrong are part of our everyday life. Ethics should concern all levels of our life: acting properly as individuals, creating responsible organizations and governments, and making our society more ethical. Different Approaches Utilitarian Approach Utilitarianism can be traced back to the school of the Ancient Greek philosopher Epicurus of Samos (341-270 BCE), who argued that the best life is one that produces the least pain and distress [CITATION She13 l 1033 ]. This approach is one of the