Which of the Following Straw Men Approaches to Business Ethics

question 72

Multiple Choice

Which of the following straw men approaches to business ethics is best summarized by the maxim "When in Rome,do as the Romans?"

• A) Cultural relativism
• B) Just distribution
• C) Kantian ethics
• D) Righteous moralist
• E) Sullivan principle

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Definitions:

Creditors' Claims

Rights of lenders to receive payment from a borrower or from a borrower’s assets.

Liabilities

Liabilities represent obligations or debts that a company owes to external parties, which are expected to be settled through the outflow of resources or services.

Assets

Resources owned or controlled by a business or individual, expected to bring future economic benefits.

Accounting Equation

The foundational principle of accounting representing the relationship between a company’s assets, liabilities, and equity: Assets = Liabilities + Equity.