According to the School of Ethical Universalism

According to the school of ethical universalism,

A) universal ethical principles or norms put limits on what actions and behaviors fall inside the boundaries of what is right and which ones fall outside-such universal norms include honesty, respecting the rights of others, practicing the Golden Rule, and not acting in a manner that harms others or pillages the environment.
B) all societies and countries are obligated to apply universally-defined ethical principles of right and wrong as set forth in the Global Code of Ethical and Social Morality (which is subscribed to by 150 nations of the world) .
C) all societies and countries apply essentially the very same set of universally-defined ethical principles of right and wrong in judging the ethical correctness of business behavior.
D) it is only fair that the standards of what's ethical and what's unethical be applied universally to all businesses in all countries irrespective of local business traditions and local business norms.
E) the standards of what constitutes ethical and unethical behavior in business situations are partly universal, but in the main are governed by local business norms.