Question

The contention that ethical standards should be governed both by (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on actions and behavior in all situations and (2) the circumstances of local cultures, traditions, and shared values that further prescribe what constitutes ethically permissible behavior and what does not are the basic principles of

Answer 1

Answer: Integrated social contracts theory

Explanation:

The integrated social contract theory is a theory in business that provides a guide to instruct managers on what to do when they are faced with ethical decisions. So, in judging ethical standards, the management would apply the integrated social contract theory to know which decision would be efficient in the organization.