When Companies Use the Logic of Ethical Relativism to Behave

question 3

Multiple Choice

When companies use the logic of ethical relativism to behave any way they please,this is known as

• A)Prescriptive ethical management.
• B)Proscriptive ethical management.
• C)Convenient relativism.
• D)Universal ethics applications.

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Definitions:

Foreign Exchange Risk

The risk of loss due to changes in currency exchange rates affecting the value of investments or financial transactions.

Deferred Payment

A payment postponed to a future date or a series of payments made over time after the purchase or agreement.

Exchange Rate

The rate at which one currency can be exchanged for another, influencing international trade and investments.

Exchange Rate Risk

The potential for loss due to fluctuating foreign exchange rates affecting international financial transactions.