In accounting, this approach is utilize to analyze which decision is most ethical based on the harms and benefits to the stakeholders; basically, it is the decision that does the greatest good for the greatest amount of people. In short, consequentialism is the decision is ethical if the positive outcome is greater than the disconfirming outcome. Deontology is the ethical theory that is concerned with duties and rights. Whereas consequentialism is concerned with actions consequences, deontology is concerned with the security system of indebtedness or duty motivating the decision (Brooks, 2007, p. 330). Decisions are based around moral standards, rights, fairness, and principles. Scenario 1 The consequentialism appr oach is in upgrade of economic prosperity; ! the most favorable consequence for the greatest amount of people. This approach would demolish the senior citizens care for hearthstone and recreation center, displacing the elderly citizens in favor of the developers...If you urgency to fix a full essay, order it on our website: OrderEssay.net
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