The ________ View States That a Company Should Adopt Local

question 52

Multiple Choice

The ________ view states that a company should adopt local ethics wherever it operates because all belief systems are determined within a cultural context.

• A) Friedman
• B) cultural relativist
• C) righteous moralist
• D) utilitarian

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Definitions:

Economic Profits

Profits or losses calculated by considering both explicit costs, such as direct expenses, and implicit costs, like opportunity costs.

Arbitrage Opportunity

The opportunity to buy an asset at a low price in one market and sell it for a higher price in another, exploiting price discrepancies.

Investment Portfolio

Set of securities chosen by an investor.

Sure Profit

A guaranteed financial gain with no risk of loss, often considered unrealistic in most trading or investment scenarios.