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How Do Phatak and Habib Define External Stakeholders

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How do Phatak and Habib define external stakeholders?


Definitions:

Moral Absolutes

Ethical beliefs that actions are intrinsically right or wrong, irrespective of the context or consequences.

Ethical Relativism

The theory that moral principles are not universal truths but instead vary based on cultural, societal, or personal perspectives.

Ethical Absolutism

The philosophical belief that certain actions are absolutely right or wrong, regardless of context or consequences.

Lived Experience

The personal knowledge and understanding one gains through direct, firsthand involvement in everyday events rather than through representations constructed by others.

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