Final answer:
The false statement about the ethical relativism school of thinking is that a company that adopts the principle of ethical relativism necessarily assumes that local morality is an adequate guide to ethical behavior, which is ethically dangerous.
Step-by-step explanation:
The false statement about the ethical relativism school of thinking is D. 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—this assumption is ethically dangerous.