Which of the Following Is True About How Ethical Conceptions

question 43

Multiple Choice

Which of the following is true about how ethical conceptions shape business law and business relationships in different countries?

• A) Ethics does not shape business law or business relationships because law and ethics are separate and not interrelated.
• B) Business law and business relationships should be the same in all countries because ethics provides one correct answer to all questions.
• C) Business law should be the same in all countries because protecting the rights of shareholders is always the ethically proper course of action.
• D) Different ethical understandings exist in different countries, but fairness is the highest ethical standard so countries must create uniform laws.
• E) Different ethical understandings prevail in different countries, so ethical conceptions shape business law and business relationships uniquely in each country.

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Definitions:

Invitation to Treat

An indication by a person that they are prepared to negotiate a deal, opening discussions for an offer, but it is not in itself a binding offer.

Catalogue

A comprehensive list or inventory, often detailed and organized, of items for sale or collection.

Breach of Contract

An infringement or violation of the terms agreed upon in a contract, resulting in legal liability.

Counter-Offer

A proposal made in response to a previous offer, differing in terms and suggesting a new agreement.