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Ethical Theories
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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.</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.</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</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</p> Signup and view all the answers

    What is the role of the board of directors?

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

    What is the purpose of board committees?

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

    What is the scope of governance?

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

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