1- 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 the people of that society what theybelieve.

2-Ethics is the dicipline that examines one's moral standards, or the moral standards of a society.

3-Producing what the buying public wants may not be the same as producing what the entirely of society needs. the argument is essentially making a normative jidgement onthe basis of some assumed but unproved moral standards.

4-Enron envolved into a major commodity trader dealing in gas, electricity, water and broadband.

5-The "Loyal Agent argument" states: An employer woukd want to be served in whatever ways will advance hisor her self-interests. therefore, as a loyal agent of his or her employer, the manager has a duty to serve his or her employer in whatever ways will advance the employer's self-interests.

6-Moral standards can be distinguished from non-moral standards using the following characteristics:

7-To evaluate the adequacy of moral reasoning, ethicists employ the following criteria:

8-Lawarence Kohlberg identified twelve stages of moral development.

9-According to the dictionary, the term ethics has a variety of different meanings. one of its meanings is: the principles of conduct governing an individual or a group.

10-Enron's stock price fell from $100 per share to $0.26.