Which of the Following Is True of the School of Ethical

question 15

Multiple Choice

Which of the following is true of the school of ethical universalism?

• A) They are ethical principles that set forth the traits and behaviors considered virtuous and that a good person is supposed to believe in and display.
• B) They are ethical principles embodied in international law that all societies and countries are obliged practice.
• C) All societies and countries apply essentially the very same set of universally defined ethical principles of right and wrong in judging the ethical correctness of business behavior.
• D) It is mandatory that the standards of what's ethical and what's unethical be applied universally to all businesses in all countries irrespective of local business traditions and local business norms.
• E) The standards of what constitutes ethical and unethical behavior in business situations are partly universal, but in the main are governed by local business norms.

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Definitions:

Tariff

A tariff is a tax imposed by a government on goods and services imported from other countries, used to restrict trade, as they increase the cost of imported goods and services, making them less competitive than domestic goods.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use.

Protected Industry

An industry that receives government support through measures like tariffs, quotas, and subsidies to shield it from foreign competition.

Productivity Growth

An increase in the efficiency of producing goods and services, typically leading to economic growth.