Ethical relativism equates to sometimes conflicting sets of ethical standards.True or false? Explain your answer.

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The school of ethical relativism holds that when there are national or cross-cultural differences in what is deemed an ethical or unethical business situation,it is appropriate for local moral standards to take precedence over what the ethical standards may be in a company's home market.The thesis is that whatever a culture thinks is right or wrong really is right or wrong for that culture.From a global markets perspective,ethical relativism may result in a maze of conflicting ethical standards for multinational companies.

Ethical Relativism Equates to Sometimes Conflicting Sets of Ethical Standards