The Definition of the Doctrine of Ethical Relativism Includes

question 50

Multiple Choice

The definition of the doctrine of ethical relativism includes:

• A) that when any two individuals differ regarding the morality of an issue or action,they are both correct because morality is relative.
• B) the proposition that a good or moral act is one that results in "the greatest good for the greatest number."
• C) the notion that cost-benefit analysis is relative to making ethical decisions.
• D) that,without any further evaluation,the ultimate judgment of the correctness of an action relates to pronouncements of a central authority.

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Definitions:

Managing Partner

An owner of a partnership who has the authority and responsibility to manage the day-to-day operations of the business.

Partnership Business

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Full Information

A state in which all relevant data and facts are disclosed, allowing for well-informed decision making.

Good Faith

A principle that denotes sincerity, honesty, and fairness in transactions without the intention of deception.