Question

According to ______, the ethical standards that a company should follow are based in part on universal principles that apply in every situation and in part on local cultures and values that help determine what is considered ethical behavior. Multiple choice question. environmental sustainability ethical relativism moral rights and norms integrative social contracts theory

Answer 1

The correct answer is ''integrative social contracts theory''

Step-by-step explanation:

The integrative social contracts theory, postulates that ethical decisions must be based on the ethical norms of industries and communities to determine what constitutes right and wrong, that is, a contract that establishes what is considered ethical/moral behavior. This conception of ethics is based on the integration of two “contracts”: the general social contract with which companies operate and define the acceptable basic rules, and a more specific contract between the members of a community, in which they are addressed acceptable ways of behaving.