- 10 Marks
Question
b. An adequate understanding of basic concepts and theories of ethics is a prerequisite for the evolution of the skills needed to address ethical issues that could arise while carrying out your duty as a professional accountant. Distinguish between ethical absolutism and ethical relativism. Also, identify THREE types of ethical relativism. (10 Marks)
Answer
(b) Ethical Absolutism
- This theory holds that there is a set of ethical principles applicable to all situations, at all times, and in all societies.
- It holds that what is right or wrong can be judged by objective standards.
- It asserts that moral rules are universal without exception.
Ethical Relativism
- This theory holds that what is ethically acceptable depends on factors such as culture, time, or social class.
- There is no absolute truth, and moral standards can only be judged within the context of the culture
.
Types of Ethical Relativism:
- Descriptive Ethical Relativism: Different cultures have different ethical standards.
- Normative/Cultural Relativism: Moral values are culture-dependent, and cannot be judged by external standards.
- Religious Ethical Relativism: Morality is determined by religious viewpoints, recognizing that no religion is universally practiced.
- Historical Relativism: This variant of relativism holds that what is right or wrong is dependent on the historical period within which it is being considered.
- Tags: Business Ethics, Ethical Absolutism, Ethical Relativism, Professional Ethics
- Level: Level 2
- Topic: Ethics in Business, Professional Ethics
- Series: MAR/JULY 2020
- Uploader: Cheoli