The Contention That Since There Are Cross-Country or Cross-Cultural Differences

question 18

Multiple Choice

The contention that since there are cross-country or cross-cultural differences in ethical standards, it is appropriate to judge behavior as ethical/unethical in the light of local customs and social mores should take precedence over a single set of ethical standards or what may be applicable in a company's home market

• A) defines what is meant by ethical relativism.
• B) defines what is meant by ethical universalism.
• C) is the foundation of a social contract.
• D) is the basis for the theory of ethical variation.
• E) is the guiding principle for religious and moral standards across countries and cultures.

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Definitions:

Incremental Cash Flows

The additional cash flows from operations that a business generates from taking on a new project.

Marketing Study

An analysis or research conducted to gain insights into and understand potential market trends, consumer behaviors, or the effectiveness of marketing strategies.

Shipping Costs

Expenses associated with the transportation of goods from one location to another.

Tax Purposes

A phrase referring to the reasons or motivations behind actions taken by individuals or businesses to comply with tax laws, often to reduce tax liability.