Identify a Difference Between Social Consensus and Magnitude of Consequences

question 71

Multiple Choice

Identify a difference between social consensus and magnitude of consequences.

• A) Social consensus is the chance that something will happen that results in harm to others, whereas magnitude of consequences is the psychological or physical distance of a decision maker from those affected by his or her decisions.
• B) Social consensus is an ethical principle that holds that you should never take any action that harms the least fortunate, whereas magnitude of consequences is an ethical principle that holds that you should never take any action that does not result in greater good for society.
• C) Social consensus is the extent to which a decision maker is socially or culturally distant from those affected by his or her decisions, whereas magnitude of consequences is how much an act affects the average person.
• D) Social consensus is agreement on whether behavior is bad or good, whereas magnitude of consequences is the total harm or benefit derived from an ethical decision.

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Definitions:

Annual Report

A comprehensive report on a company's activities and financial performance throughout the preceding year, provided to shareholders and other interested parties.

Proxy Statement

A document containing the information shareholders need to make informed decisions at a company's annual meeting, including matters such as elections for the board of directors.

Regulation S-X

A regulation set forth by the SEC that prescribes the form and content of financial statements to be submitted by public companies in the US.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.