Business Ethics. Societies make their moral choices based on their unique beliefs, customs, and practices. The same action may be morally right in one society but be morally wrong in another. But I'm struggling with this term because it's new to me. Ethical relativism, the doctrine that there are no absolute truths in ethics and that what is morally right or wrong varies from person to person or from society to society.. This is a very popular theory but also deeply flawed as well and it is because of these flaws that we’ll have to move beyond relativism in order to find an adequate ethical theory to base our moral judgments upon. I understand that ethical relativism has to do with how we are conformed to thinking that something is right or wrong...due to the norms of our society. And, in fact, people tend to believe that the “right” moral … That is, whether an action is right or wrong depends on the moral norms of the society in which it is practiced. What are some examples of ethical relativism? Impressively, reported $34.74 billion in quarterly revenues that grew at a rate of 7.35% on 12 May 2019. Arguments for ethical relativism. Examples of Ethical Decision Making In Business 10 Great Examples of Ethical Decision Making In Business 1. Meta-ethical moral relativism states that there are no objective grounds for preferring the moral values of one culture over another. Ethical relativism is the theory that, because different societies have different ethical beliefs, there is no rational way of determining whether an action is morally right or wrong other than by asking Ethical relativism is the theory that holds that morality is relative to the norms of one's culture. Sorry...i'm trying to write a paper. Costco’s Decision To Pay Fair Wages Costco Wholesale (NASDAQ: COST) is one of the biggest successes in American retail. The first ethical theory we’ll consider is relativism. VIdeo explaining the difference between ethical relativism and absolutism.