According to the Text, a Cost-Benefit Analysis of the Risk

question 51

Multiple Choice

According to the text, a cost-benefit analysis of the risk of harm and potential benefits

• A) can be a helpful first step in examining the ethics of a proposed study.
• B) is most applicable when society as a whole serves to benefit from the research.
• C) tends to ignore the benefits that accrue to science.
• D) is ethically problematic because the ends should never justify the means of research.

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Definitions:

Derived Demand

The linkage between consumers’ demand for a company’s output and its purchase of necessary inputs to manufacture or assemble that particular output.

Waiting Lists

Lists of individuals or entities that are waiting to receive a service, product, or opportunity, often used when demand exceeds current supply or capacity.

RFP Process

The procedure by which a company invites selected vendors or contractors to submit proposals on a specific product or service.

Value Creation

is the process through which businesses generate value for customers, shareholders, and society, often leading to competitive advantage.