When Companies Use the Logic of Ethical Relativism to Behave

question 3

Multiple Choice

When companies use the logic of ethical relativism to behave any way they please,this is known as

• A)Prescriptive ethical management.
• B)Proscriptive ethical management.
• C)Convenient relativism.
• D)Universal ethics applications.

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Definitions:

Market Choices

The range of options available to consumers and producers within a market to purchase, sell, or trade goods and services.

Coercive Force

Coercive force refers to the power or authority to enforce compliance or control through the use of threat, punishment, or force.

Political Goods

Political goods are benefits or services provided by governments or political entities that are not easily quantifiable, such as national security or public order.

Competitive Forces

Competitive forces refer to the various external pressures that businesses face in the market, including competition from other firms, the bargaining power of customers and suppliers, and the threat of substitutes.