Ethical Relativism, Business Ethics and Culture

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Ethical Relativism – This theory holds that morality is relative to the norms of one’s culture. It states that there are no absolute truths in ethics and that what is both morally and ethically right or wrong varies from person to person or from society to society.Watch the video and answer these questions. 1. Are ethical concepts relative to one’s culture? Are ethical concepts as they relate to business activities relative to one’s culture? Why or why not? 2. Alternatively, can we agree that there are some things that are ethically right and other things that are thically wrong regardless of one’s culture? 3. Can a person’s or nation’s ethics/morality (understading of what is right and wrong) generally change over time? Should it change over time? 4. Do “ethics” in the Business world change over time? Should they?

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