An Executive Who Assumes That Ethical Standards Are Universal in Nature

question 15

Multiple Choice

An executive who assumes that ethical standards are universal in nature and should apply absolutely across cultures and national boundaries is operating under which cultural behaviour?

• A) Cultural socialism
• B) Ethical realism
• C) Cultural activism
• D) Ethical universalism
• E) Cultural relativism

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Definitions:

Higher Future Prices

The anticipation or expectation that the prices of goods and services will rise in the future.

Proved Reserves

Quantities of natural resources like oil or gas that geological and engineering information indicates with reasonable certainty to be recoverable under existing economic and operational conditions.

Current Prices

Prices of goods and services measured during the current year or period, not adjusted for inflation.

Technology

The use of scientific expertise to achieve practical goals, particularly within industrial sectors.