Walter Stace | on Ethical Relativism

question 20

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.
-When a culture has a different sense of what is right and wrong, according to an absolutist, they most likely ___________ the one, true moral code.

• A) have varying interpretations of
• B) are living in ignorance of
• C) understand
• D) purposefully disregard

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Definitions:

Fixed Overhead

Costs that do not change with the level of production activity, such as rent, salaries, and insurance.

Operating Income

Earnings from a company's core business operations, excluding expenses and revenues from non-operational activities like investment income.

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Manufacturing Margin

The difference between the sales revenue of manufactured goods and the direct costs associated with producing them.