What is ethical relativism?
What will be an ideal response?
Ethical relativism holds that individuals must decide what is ethical based on their own feelings about what is right and wrong. Under this moral theory, if a person meets his or her own moral standard in making a decision, no one can criticize him or her for it. Thus, there are no universal ethical rules to guide a person's conduct. This theory has been criticized because action that is usually thought to be unethical would not be unethical if the perpetrator thought it was in fact ethical. Few philosophers advocate ethical relativism as an acceptable moral theory.
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A corporation is defined as a legal entity that exists separate and distinct from its owners
Indicate whether the statement is true or false
__________ refers to the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases.
Fill in the blank(s) with the appropriate word(s).
Which sentence is punctuated correctly?
A) My alarm clock rang at 6;05 p.m. instead of 6;05 a.m. B) My alarm clock rang at 6:05 p.m. instead of 6:05 a.m.
Which of the following is a measure of how quickly an item can be converted to cash?
A) Debt ratio B) Current ratio C) Liquidity D) Accounting cycle