A Challenge Involved in Using a Strictly Consequentialist Approach Is

question 17

True/False

A challenge involved in using a strictly consequentialist approach is that it is often difficult to obtain the information required to evaluate all of the consequences for all stakeholders who may be directly or indirectly affected by an action or decision.

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Definitions:

Red Income

This term is also not recognized in standard economic discussions and might be used in a specific context that is not universally defined.

Ambrosia

Often referred to in ancient texts, ambrosia is described as a divinely nourishing substance associated with immortality.

Blue Income

Similar to "Red Income," this term does not have a recognized definition in economics and likely pertains to a specific, non-standard use.

Ambrosia

In mythology, it is the food or drink of the gods, thought to confer immortality, but in a general context, it refers to something very pleasing to taste or smell.