Final answer:
The incorrect statement about ethics is that it is not related to the area of corporate social responsibility. Ethics is central to corporate social responsibility, which is a key aspect of applied ethics.
Step-by-step explanation:
All of the following statements about ethics are true except:
Among the statements provided, the false one is: D. It is not related to the area of corporate social responsibility. Ethics is indeed related to corporate social responsibility, as ethical theories and principles are frequently applied to assess and guide the conduct of corporations in relation to their stakeholders and the broader society. This relates to the area of applied ethics, a field of ethics that focuses on the application of moral norms and principles to specific controversial issues, including those in the business realm. Both descriptive ethical relativism and normative ethical relativism discuss the variability and subjectivity in ethical standards across different cultures; however, statement D suggests a complete lack of relation between general ethics and corporate ethics, which is untrue.
While the theory of normative ethical relativism posits that moral principles are not universally applicable and are relative to the cultural context, this does not equate to the assertion that ethics has no relevance to corporate social responsibility. Furthermore, corporate social responsibility is a concept that very much involves ethical considerations, as businesses are expected to operate in ways that enhance society and do not solely focus on profits.