The Ethical System That Involves Balancing Potential Outcomes of an Ethical

question 3

Multiple Choice

The ethical system that involves balancing potential outcomes of an ethical dilemma in order to select the one that will yield the greatest good for the most people is called

• A) act-deontology
• B) rule-deontology
• C) utilitarianism
• D) egoism
• E) pragmatism

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Definitions:

Registered Retirement Income Fund

A type of retirement plan under Canadian law that provides individuals with a method to receive income from the assets within their Registered Retirement Savings Plan (RRSP) in retirement.

Compounded Monthly

Interest calculated on the initial principal and the accumulated interest every month.

Beginning-of-month Withdrawals

Refers to funds being taken out of an account at the start of each month, often in the context of automated payment plans or investments.

Nominal Rate

The stated or advertised interest rate on a loan or investment, not accounting for compounding or fees.