If One Concurs with the School of Ethical Universalism,then One

question 55

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 rather than objectively-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 always varying shades of gray, never absolute (i.e. black or white).

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Definitions:

Warrants

Financial derivatives that give the right, but not the obligation, to buy or sell a security at a specific price before a certain date.

Contracts

Legally binding agreements between two or more parties that outline terms and conditions for specified activities or transactions.

Fixed Price

A set cost that does not change over time, regardless of variations in market conditions or demand.

Preferred Stock

A category of corporate ownership that has precedence over common stock in terms of asset and earnings claims, typically featuring fixed dividend payments.