Answer: (B) The school of ethical universalism
Step-by-step explanation:
The ethical universalism is on of the type of ethical based concept in which their is one of the common moral agreement about the right and the wrong action on the basis of the given behavior across the various types of countries.
The importance of the ethical universalism is to provide the justice of equal right among all the people in the society and each person are treated in equal manner.
According to the given question, the school of ethical universalism is one of the common ethical standards which is used to judge the different types of cultural circumstances and the variety of markets. Therefore, The given cultural circumstances is basically defining the beliefs of the ethical universalism.
Therefore, Option (B) is correct answer.