The Saying "When in Rome,do as the Romans Do" Reflects

question 47

Multiple Choice

The saying "When in Rome,do as the Romans do" reflects a philosophy of _____.

• A)ethical insensitivity
• B)ethical elitism
• C)ethical imperialism
• D)ethical relativism

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Definitions:

Good Faith

Good Faith is the concept of acting with honesty and sincerity without any intention to defraud or seek unfair advantage.

Consequential Damages

Losses suffered as a consequence of a breach of contract, not directly caused by the breach but resulting from the specific circumstances of the affected party.

Liquidated Damages

A contractual provision that specifies a predetermined amount of money that must be paid as damages in the event of a breach of contract.

Anticipatory Repudiation

A party's declaration to not fulfill their obligations under a contract before the performance is due.