4 potential tensions with ethical implications that may arise in considering the benefits and costs of a decision.

Benefits refer to whatever a party considers desirable. Costs refer to whatever a party considers undesirable. Benefits and costs can refer to monetary or nonmonetary effects. 

 

The four potential tensions with ethical implications that may arise when considering the benefits and costs of a decision are: 

 

(1) Greater profits for shareholders versus higher wages for employees, 

 

(2) Increased production of electrical energy with lower per unit costs versus the need for lower levels of pollution, 

 

(3) Higher prices needed by suppliers to pay better wages, provide a safer work environment, and pollute less versus providing lower prices to consumers and 

 

(4)Survival of the business through layoffs and reduced compensation versus the desires of employees for greater job security and increased pay.