Description of the instrumental perspective of business ethics

Question:

Which of the following is an accurate description of the instrumental perspective of business ethics?

The instrumental perspective analyzes how ethics best supports business success

The instrumental perspective is about the meaning of business for a good life

The instrumental perspective aims at keeping ethics out of business

The instrumental perspective disregards ethical aspects of business practice

All of the above

Answer Description:

The instrumental perspective of business ethics focuses on how ethical practices contribute to the success of a business. It analyzes ethics as a tool or means to achieve business goals and enhance overall performance. This perspective suggests that ethical behavior can lead to positive outcomes such as improved reputation, customer loyalty, and long-term profitability. It does not aim to exclude ethics from business but rather views it as a critical component that supports business success. Therefore, the most accurate description is that the instrumental perspective analyzes how ethics best supports business success.

Key Points for the Answer:

The instrumental perspective integrates ethics into business practices to enhance success.

It views ethical behavior as beneficial for achieving business goals and maintaining success.

It does not disregard or exclude ethics but highlights its practical value in business.