According to the Advocates of Ethical Relativism

question 107

Multiple Choice

According to the advocates of ethical relativism,

• A)if the use of underage labor and/or the payment of bribes/kickbacks are acceptable in a particular culture/society/country, then a case can be made that it is morally correct and ethical for a company to use these practices in conducting its business activities in that culture/society/country.
• B)each company should have the flexibility to set its own standards for deciding whether the use of underage labor and/or the payment of bribes/kickbacks are ethically acceptable or not.
• C)if the use of underage labor and/or the payment of bribes/kickbacks are not legal but locally acceptable in a particular country, then it is morally correct and ethical for a company to use these practices in that country.
• D)each industry should go by standards established by competitors for deciding whether the use of underage labor and/or the payment of bribes/kickbacks are ethically acceptable or not.
• E)it is very clear that the use of underage labor or the payment of bribes and kickbacks are ethically impermissible-local customs, behavioral norms, and traditions absolutely cannot be taken into account.

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Definitions:

Supplier Stage

Refers to the position or phase a supplier occupies in the supply chain or within the procurement process.

Optimal Order Quantity

The most efficient amount of inventory to order, minimizing costs while meeting demand.

Base Price

The initial cost of a good or service before any discounts, additional fees, or taxes are applied.

Percentage Discount

A reduction from the original price of a product or service expressed as a percentage of the original price.