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    Explain the differences between the moral universalism, the ethnocentric approach, and ethical relativism. Which approach is best?

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    The response addresses the queries posted in 861 words with references.

    // The following paper talks about various concepts of ethics and management. Here, we are going to discuss about the three approaches- moral universalism, ethnocentric approach and ethical relativism. We will also discuss about the differences among these approaches and analyze as to which approach is the best. Firstly, we will discuss what moral universalism means: //

    Moral Universalism

    The term moral universalism means that the ethical analysis of communal rules and behavior of individuals should depend on the essential values, either openly or reticently and also ought to be equal for the entire society. This thought is further divided into three conditions & then related to the differences between the national & the international financial integrity. However, the people of developed countries favor an international financial regulation rather than a national one. The basic idea behind moral universalism is that the fundamental benefits, social rules, etc. are equal for all humans. But this approach cannot be achieved in an actual sense (Pogge, 2002).

    // As we have discussed about what is the approach of moral universalism means; in the subsequent section, we will explain about the ethnocentric approach: //

    Ethnocentric Approach

    The approach of ethnocentrism means to evaluate all the culture groups on the ...

    Solution Summary

    The response addresses the queries posted in 861 words with references.