Target hit on the above. In the state debates of posting the 10 Commandments in public places, some take the "middle road" and just want to place the ones that are not "controversial." Meaning even some atheists see "goodness" in teaching "do not kill; do not steal; do not lie" but think addressing things like covetousness and adultery are too "judgmental" to "preach." Then of course you have the Commandments dealing with our relationship with God are first and which establish the Holiness of the remaining commandments which address our relationship with fellow man.
So yes, they reject the "transcendent moral standard by which things are judged."
Which pertains to the 1st great commandment .
So yes, they reject the "transcendent moral standard by which things are judged."
And while it can be argued that any moral standard is subject to variant interpretations, yet as with the Constitution, at least there is something to interpret, and in which the scope and breadth of interpretations is limited, rather than every man doing what is right in his own eyes.