Chapter 3 Review Questions: Business Ethics and Social Responsibility 1. Relative ethics is the idea that each person's ethical standard is unique to themselves as a result of: past experiences, family/peer groups, etc, while universal ethical standards are standards meant to apply to every single person in a wide range of circumstances. Yes, ethics should be a relative unique to persons within smaller everyday instances, but there should also be universal standards for ethics in place, i.e., the…
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