The Contentions That (1)many of the Same Standards of What's

question 113

Multiple Choice

The contentions that (1) many of the same standards of what's ethical and what's unethical resonate with peoples of most societies regardless of local traditions and cultural norms and (2) to the extent there is common moral agreement about right and wrong actions, common ethical standards can be used to judge the conduct of personnel at companies operating in a variety of country markets and cultural circumstances, are defining beliefs of which of the following?

• A)the school of ethical relativism but not the school of ethical universalism
• B)the school of ethical universalism but not the school of ethical relativism
• C)integrative social contracts theory but not the school of ethical universalism
• D)the school of ethical relativism and the school of ethical universalism
• E)the school of ethical relativism but not integrative social contracts theory

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Definitions:

Exempt Assets

Properties or assets that are protected by law from being seized by creditors or in bankruptcy proceedings.

Nonexempt Assets

Assets that can be seized by creditors under bankruptcy proceedings, as opposed to those protected or exempt.

Involuntary Petition

A legal process initiated by creditors requesting the bankruptcy court to declare a debtor bankrupt, typically utilized when the debtor is not paying outstanding debts.

Chapter 7

A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's non-exempt assets to pay off creditors.