Ethical Theories

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Questions and Answers

Which of the following statements best describes absolutism?

  • Absolutism argues that moral values can only be judged from within the culture.
  • Absolutism states that different cultures and societies have different ethical systems.
  • Absolutism holds that there are absolute right and wrong which are applied universally. (correct)
  • Absolutism believes that there are no objective or absolute moral truths.

Which of the following statements best describes relativism?

  • Relativism holds that there are absolute right and wrong which are applied universally.
  • Relativism states that different cultures and societies have different ethical systems.
  • Relativism believes that there are no objective or absolute moral truths. (correct)
  • Relativism argues that moral values can only be judged from within the culture.

Which of the following statements best describes descriptive ethical relativism?

  • Descriptive ethical relativism holds that there are absolute right and wrong which are applied universally.
  • Descriptive ethical relativism believes that there are no objective or absolute moral truths.
  • Descriptive ethical relativism argues that moral values can only be judged from within the culture.
  • Descriptive ethical relativism states that different cultures and societies have different ethical systems. (correct)

Which of the following statements best describes normative ethical relativism?

<p>Normative ethical relativism argues that moral values can only be judged from within the culture. (C)</p> Signup and view all the answers

Which of the following examples supports the concept of absolutism?

<p>Slavery is morally wrong and cannot be justified under any circumstance. (D)</p> Signup and view all the answers

Which of the following is the correct definition of governance?

<p>The process of making and implementing decisions (D)</p> Signup and view all the answers

Which of the following is true about agency relationship?

<p>It is the relationship between shareholders and directors (A)</p> Signup and view all the answers

What is the role of the board of directors?

<p>Overseeing the organization (C)</p> Signup and view all the answers

What is the purpose of board committees?

<p>To assist the board in its oversight responsibilities (C)</p> Signup and view all the answers

What is the scope of governance?

<p>The extent of corporate control (B)</p> Signup and view all the answers

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