The school of ethical relativism holds that
A) what constitutes ethical or unethical conduct varies according to the religious convictions of each society or each culture within a country.
B) when there are cross-country or cross-cultural differences in what is deemed fair or unfair, what constitutes proper regard for human rights, and what is considered ethical or unethical in business situations, it is appropriate for local moral standards to take precedence over what the ethical standards may be elsewhere.
C) concepts of right and wrong are always governed by business norms in each country, culture, or society.
D) concepts of right and wrong are always a function of each individual's own set of values, beliefs, and ethical convictions.
E) concepts of right and wrong as they apply to business behavior are always varying shades of gray, never absolute (i.e. black or white) .
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