What Is the Goal of Universal Ethical Standards

question 51

Multiple Choice

What is the goal of universal ethical standards?

• A) to provide guidelines that apply to everyone across a broad spectrum of situations
• B) to allow Canada to establish legal standards that are applicable to all firms
• C) to demonstrate to employees that most ethical dilemmas fall neatly into a handful of categories
• D) to help people base ethical decisions on relative standards

---

Definitions:

Five-Year Renewal

Typically refers to the option or requirement to renew a contract, license, or agreement for an additional five-year period.

Mechanical Engineer

A professional who applies principles of physics and materials science for the design, analysis, manufacturing, and maintenance of mechanical systems.

Valid Contract

A contract that results when the elements necessary for contract formation (agreement, consideration, contractual capacity, and legality) are present.

Unilateral Contract

A contract that results when an offer can be accepted only by the offeree’s performance.