Question $8(1$ point$)$

Ethical relativism implies that:

there are important occasions when local cultural norms and morality and the circumstances of the

situation determine whether certain behaviors are right or wrong, for there are no absolutes when it

comes to business ethics

concepts of ethically right and ethically wrong are relative across countries and cultures but are

universal within countries or cultures

concepts of right and wrong as applied to business situations are always a function of each company's

own set of values, beliefs, and ethical convictions $($as stated in the company's code of ethical conduct$)$

standards of what is ethically right and ethically wrong as applied to business behavior are determined

solely by whatever business norms prevail in a particular company's home country and are applicable to

its operations in all other countries

individuals and businesses have a basic right to "moral free space," and it is inappropriate to specify

ethically permissible and ethically impermissible actions and behaviors