Explain the differences between moral universalism, ethnocentrism, and ethical relativism. Which approach is best?

What will be an ideal response?

When using the ethnocentric approach, the company applies the morality of its home country. In contrast, a company using ethical relativism adopts the moral code of the country in which it is doing business. Moral universalism is different in that it neither applies a moral code that is based on the home or host country, but rather uses a set of universal standards or codes that are derived from international codes of conduct. Ethics researcher Bowie argues that moral universalism is preferable to ethnocentrism and relativism as a guide for ethical decision making.

Business

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Article 3 of the Uniform Commercial Code establishes the ________

A) requirements for negotiable instruments, such as checks B) rules that regulate bank deposit procedures for checking accounts C) rules that regulate the creation and collection of and liability for wire transfers D) guidelines for ownership of securities by investors

Business

Maria, an HR manager at a software firm, wants a low cost method for generating broad interest in her firm to attract job candidates. Which of the following would be the best method for Maria to use?

A) TV ad B) billboard C) career fair D) newspaper ad

Business