According to Integrated Social Contracts Theory

question 19

Multiple Choice

According to integrated social contracts theory,

• A) universal ethical principles apply in those situations where most all societies-endowed with rationality and moral knowledge-have common moral agreement on what is wrong and thereby put limits on what actions and behaviors fall inside the boundaries of what is right and which ones fall outside.
• B) commonly held views about what is morally right and wrong form a contract with society that is binding on all individuals, groups, organizations, and businesses in terms of establishing right and wrong and in drawing the line between ethical and unethical behaviors
• C) universal ethical principles or norms leave some "moral free space" for the people in a particular country (or local culture or even a company) to make specific interpretations of what other actions may or may not be permissible within the bounds defined by universal ethical principles.
• D) universal ethical norms always take precedence over local ethical norms.
• E) All of these.

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Definitions:

Housing Market

An economic segment that deals with the buying, selling, and leasing of properties, including houses and apartments.

Exclusive Right

A privilege or entitlement granted to an individual or entity to be the sole provider or beneficiary of a specific service, product, or activity.

Real Estate Broker

A licensed individual or firm that acts as an intermediary between sellers and buyers of real estate, assisting in the negotiation and sale process.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, often calculated as a percentage of sales.