Consequentialism is a results-based ethical theory that asserts an act is morally right if its consequences produce the best outcome. There are two main forms: act consequentialism, which assesses the consequences of individual acts, and rule consequentialism, which derives moral rules based on their overall consequences. While act consequentialism is flexible, it is impractical to apply to real decisions. Rule consequentialism is more practical and efficient by using general rules but is less flexible in individual cases. Both forms agree the morality of an act depends solely on its consequences rather than any inherent right or wrong.