When Ethical Relativism Is Put into Practice, It Implies That

question 11

Multiple Choice

When ethical relativism is put into practice, it implies that

• A) societies never share any moral values in common.
• B) in ethics, sometimes the minority is right.
• C) we cannot say that slavery is wrong if the society in question believes it is right.
• D) as societies evolve, their morality improves.

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Definitions:

Operating Lease Method

An accounting method for leasing whereby the lease payments are treated as an operational expense, without recording the asset and liability on the balance sheet.

Straight-Line Depreciation

An approach that spreads the expense of a physical asset across its productive lifespan in consistent yearly increments.

Capital Lease

A lease classified as a purchase by the lessee for accounting purposes, as it transfers substantially all risks and benefits of ownership.

Present Value

The value today of a sum of money to be received in the future, or a series of future payments, based on a chosen rate of return.