Table: A Comparison of the Philosophies Used in BusinessDecisions
| Teleology | Stipulates are morally right or acceptable if they produce somedesired result, such as realization of self-interest orutility |
| Egoism | Defines right or acceptable actions as those that maximaze aparticular person’s self-interest are defined by theindividual |
| Utilitarianism | Defines right or acceptable actions as those that maximizetotal utility or the greatest good for the greatest number ofpeople |
| Denotology | Focuses on the preservation of individual rights and on theintentions associated with a particular behavior rather than on itsconsequences |
| Relativist | Evaluates ethicalness subjectively on the basis of individualand group experiences |
| Virtue ethics | Assumes what is moral in a given situation is not only
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