What type of decision-making is best characterized by weighing outcomes for the affected parties?

Prepare for the Chartered Property Casualty Underwriter (CPCU) Ethics Exam with our comprehensive quiz. Dive deep into ethics with multiple choice questions, detailed explanations, and get ready to ace your exam!

The type of decision-making that prominently features weighing outcomes for the affected parties is best described as consequential decision making. This approach focuses on the results or consequences of actions, emphasizing the impact on all stakeholders involved. Decision-makers analyze how different choices will affect the well-being or interests of those impacted, striving for the most favorable outcomes.

In contrast, principle-based decision making operates on established ethical principles or rules rather than directly assessing consequences. Situation-based decision making is more about adapting to the specific context rather than evaluating the potential outcomes for various parties. Ethics-based decision-making tends to incorporate a broader array of ethical standards but may not explicitly focus on the consequences for each affected party as a primary driver of the decision. Thus, consequential decision making precisely highlights the importance of the outcomes and their implications for those involved.

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