Which One of the Following Is NOT a Key Element

question 26

Multiple Choice

Which one of the following is NOT a key element of integrated social contracts theory?

• A) Universal ethical principles apply in those situations where most all societies-endowed with rationality and moral knowledge-have common moral agreement on what is wrong and thereby put limits on what actions and behaviors fall inside the boundaries of what is right,and which ones fall outside.
• B) Commonly held views about what is morally right and wrong form a "social contract" (contract with society)that is binding on all individuals,groups,organizations,and businesses in terms of establishing right and wrong and in drawing the line between ethical and unethical behaviors.
• C) Universal ethical principles or norms leave some "moral free space" for the people in a particular country (or local culture or even a company)to make specific interpretations of what other actions may or may not be permissible within the bounds defined by universal ethical principles.
• D) Universal ethical norms always take precedence over local ethical norms.
• E) Integrated social contracts theory rejects the slippery slope of ethical relativism and embraces ethical universalism.

---

Definitions:

Debt-equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by its shareholder equity, indicating how much debt is used to finance assets.

Book Value

The net value of a company's assets minus its liabilities, often used to estimate the value of a company if it were to be liquidated.

Vertical Acquisition

A corporate strategy where a company acquires another company that operates in the production process of the same industry, either as a supplier or distributor.

Conglomerate Acquisition

A type of corporate takeover where a large, multi-industry company acquires another business that may be in an unrelated industry.