Explain What Is Meant by the Statement,"Moral Relativists Believe in Time-And-Place

question 61

Essay

Explain what is meant by the statement,"Moral relativists believe in time-and-place ethics."

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Definitions:

Capital Assets

Long-term assets acquired for use in business operations, expected to be used or held for more than one financial period.

Capitalized

Costs that are recognized as part of an asset on the balance sheet rather than being expensed, often related to the acquisition or construction of a long-term asset.

Amortized

The process of gradually writing off the initial cost of an asset or loan over a period of time in a systematic and rational manner.

Deferred Contribution

Contributions or payments made to a fund or organization that are to be recognized as revenue over a future period.