According to the School of Ethical Relativism

question 24

Multiple Choice

According to the school 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 that it is inappropriate to specify ethically permissible and ethically impermissible actions and behaviors.
• C) there are important occasions when local cultural norms and the circumstances of the situation determine whether certain behaviors are right or wrong.
• 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 country/culture/society and these business norms are certain to vary across countries/cultures/societies.

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Definitions:

Sole Beneficiary

The only person or entity designated to receive the benefits or assets from a will, trust, insurance policy, or other legal instrument.

Conflict-of-Interest Rule

Regulations designed to prevent individuals in positions of responsibility from acting in their own interest over those they serve.

Client Confidentiality

The ethical principle that an organization or individual should not disclose information about their clients to third parties without the consent of the client or a clear legal requirement.

Setting Legal Fees

The process by which legal professionals determine charges for their services, often based on factors like complexity, expertise, and time required.