_____ Is a Theory More Focused on the Outcome of Your

question 48

Multiple Choice

_____ is a theory more focused on the outcome of your actions rather than the apparent virtue of the actions themselves.

• A) Ethics for the greater good
• B) Normative ethics
• C) Ethical relativism
• D) Virtue ethics

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Definitions:

Expected Value

A calculated average of the possible outcomes of a variable, taking into account the likelihood of each outcome.

Fair Insurance Policy

An insurance agreement that is considered equitable and just, providing a balanced distribution of risks and benefits for both insurer and insured.

Medical Expenses

Costs incurred by individuals for healthcare services, treatments, and medication.

Premium

The amount paid for an insurance policy or an additional cost for receiving better service or goods.