Walter Stace | on Ethical Relativism

question 13

Multiple Choice

Walter Stace | On Ethical Relativism
Ethical relativism can be understood as an extreme left-wing response to ethical absolutism, which arose naturally out of Christian theology. Stace points out that while the former denies the latter, it also uses the term standard in a different way. While absolutist distinguishes between what is right and what is only thought to be right, the relativist sees them as the same.
-Ethical absolutism developed out of

• A) Christian theology.
• B) Greek mythology.
• C) Jewish mysticism.
• D) Arabic numerology.

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Definitions:

Average Inventory

The mean value of a company's inventory over a specified period, often used to calculate turnover rates and efficiency in managing stock levels.

Gross Profit Method

A method of estimating inventory cost that is based on the relationship of gross profit to sales.

Merchandise Destroyed

Refers to goods or stock that have been ruined or damaged beyond sellable condition, often resulting in a loss for the business.

Retail Inventory Method

An accounting method used by retailers to estimate inventory value by converting retail prices to cost values.