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Walter Stace | on Ethical Relativism

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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.
-Which of the following is NOT true of ethical absolutism?


Definitions:

Firm Commitment Underwriting

Underwriter buys the entire issue, assuming full financial responsibility for any unsold shares.

IPO Underpricing

The phenomenon where the initial offering price of a stock is set lower than the market price on its first day of trading.

Direct Private Long-term Debt Financing

A type of financing where companies borrow money directly from private investors, bypassing traditional bank loans and public markets.

Public Issues

The process by which a private company goes public by offering its shares to the public for the first time.

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