If One Concurs with the School of Ethical Universalism, Then

question 81

Multiple Choice

If one concurs with the school of ethical universalism, then one believes that

• A)many basic moral standards travel well across cultures and countries and really do not vary significantly according to local cultural beliefs, social mores, religious convictions, and/or the circumstances of the situation.
• B)since ethical standards are subjectively determined, each company has a window within which it can define and implement its own ethical principles of right and wrong.
• C)what is deemed right or wrong, fair or unfair, moral or immoral, ethical or unethical in business situations should be judged in light of local customs and social mores and can legitimately vary from one culture or nation to another.
• D)each country should have some degree of latitude in setting its own ethical standards for judging the ethical correctness of business actions/behaviors within its borders.
• E)concepts of right and wrong as they apply to business behavior are purely based on an individual's understanding of ethics and differ from person to person.

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Definitions:

Job Specifications Plan

Descriptions of the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Job Description Plan

A structured outline that details the roles, responsibilities, duties, and qualifications required for a specific position within an organization.

Domestic Quantity Demanded

The total amount of a good or service that consumers in a specific country are willing and able to purchase at a given price.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, representing the economic benefit to consumers.