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Business Administration QUESTION #2950
Question 1
"Ethical Relativism" in business ethics is the belief that:
  • There are universal ethical truths that apply to all cultures
  • Morality is dependent on cultural or individual perspectives✔️
  • Profit should always be prioritized over ethical considerations
  • None of these
Correct Answer Explanation
Relativism suggests that what is "right" or "wrong" is not absolute but varies based on the social or cultural context.