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Ethical relativism is the theory that holds that morality is relative to the norms of one’s culture. That is, whether an action is right or wrong depends on the moral norms of the society in which it is practiced. The same action may be morally right in one society but be morally wrong in another.
Compliance-based ethics programs are designed by corporate counsel to prevent, detect, and punish legal violations.
Bentham’s fundamental axiom, which underlies utilitarianism, was that all social morals and government legislation should aim for producing the greatest happiness for the greatest number of people.
Utilitarians believe that the purpose of morality is to make life better by increasing the amount of good things (such as pleasure and happiness) in the world and decreasing the amount of bad things (such as pain and unhappiness).
Utilitarianism: The Greatest Good for the Greatest Number.
Virtue ethics Relativism Universalism Egoism Utilitarianism Universalism is the ethical system stating that all people should uphold certain values that society needs to function.
While laws carry with them a punishment for violations, ethics do not. Ethical decision-making comes from within a person’s moral sense and desire to preserve self respect. Laws are codifications of certain ethical values meant to help regulate society, and also impact decision-making.
For someone who is honest and follows good moral standards, use the adjective ethical. Ethical comes from the Greek ethos “moral character” and describes a person or behavior as right in the moral sense – truthful, fair, and honest.