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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?

Normative ethical relativism argues that moral values can only be judged from within the culture. Signup and view all the answers

Which of the following examples supports the concept of absolutism?

Slavery is morally wrong and cannot be justified under any circumstance. Signup and view all the answers

Which of the following is the correct definition of governance?

The process of making and implementing decisions Signup and view all the answers

Which of the following is true about agency relationship?

It is the relationship between shareholders and directors Signup and view all the answers

What is the role of the board of directors?

Overseeing the organization Signup and view all the answers

What is the purpose of board committees?

To assist the board in its oversight responsibilities Signup and view all the answers

What is the scope of governance?

The extent of corporate control Signup and view all the answers