When Considering Ethical Theories,which Statement Is True of Moral Relativism

question 69

Multiple Choice

When considering ethical theories,which statement is true of moral relativism?

• A) Moral relativists believe that an act is always ethically wrong if it is legally wrong.
• B) It does not believe in absolute rules.
• C) Moral relativists believe that the most beneficial choice for the most people is ethically correct.
• D) It is a belief based on rules and individual obligations.

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Definitions:

New Ventures

Businesses or projects initiated by entrepreneurs, often characterized by innovation, high risks, and high rewards.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking an alternative action.

Sunk Costs

Expenses that have been spent and cannot be retrieved.

Cash Flow Estimation

This refers to the process of forecasting and evaluating the amount of cash that is expected to flow into and out of a business over a specific period.