Which of the Following Is True of Ethical Relativism

question 19

Multiple Choice

Which of the following is true of ethical relativism?

• A) Concepts of ethically right and ethically wrong are relative across countries and cultures but are universal within countries or cultures.
• B) Individuals and businesses have a basic right to "moral free space" and it is inappropriate to specify ethically permissible and ethically impermissible actions and behaviors.
• C) There are important occasions when local cultural norms and morality and the circumstances of the situation determine whether certain behaviors are right or wrong, for there are no absolutes when it comes to business ethics.
• D) Concepts of right and wrong as applied to business situations are always a function of each company's own set of values, beliefs, and ethical convictions (as stated in the company's code of ethical conduct).
• E) Standards of what is ethically right and ethically wrong as applied to business behavior are determined solely by whatever business norms prevail in a particular company's home country and are applicable to its operations in all other countries.

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Definitions:

GDP

Describing the entire market price of all final products and services created within the confines of a country throughout a given timeframe as Gross Domestic Product.

Government Spending

Expenditures by government bodies on goods, services, and public projects to fulfill its various functions and responsibilities.

Trade Deficit

The circumstance where a country's expenditures on imported goods and services exceed the income from its exports, creating a negative trade balance.

Merchandise

Items available for sale in stores or online.