Question

The underlying thesis of ethical relativism DOES NOT imply that

Multiple Choice

• a company that adopts the principle of ethical relativism and holds company personnel to local ethical standards necessarily assumes that what prevails as local morality is an adequate guide to ethical behavior.

• in a multinational company, application of ethical relativism equates to multiple sets of ethical standards.

• according to the ethical relativism school of thinking, a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel does not exist.

• there are few absolutes when it comes to business ethics and thus few ethical absolutes for consistently judging a company's conduct in various countries and markets.

• when there are cross-country or cross-cultural differences in ethical standards, it is appropriate for ethical standards in a company's home market to take precedence over what the local ethical standards may be.

Answer 1

The underlying thesis of ethical relativism DOES NOT imply that

Answer: when there are cross-country or cross-cultural differences in ethical standards, it is appropriate for ethical standards in a company's home market to take precedence over what the local ethical standards may be.

As described by Arthur A. Thompson and others in their book "Crafting and Executing Strategy", the underlying thesis of ethical relativism imply all other option mentioned in the question. It also implies that local ethical standards take precedence over ethical standards in company's home market and not vice-versa.