Asked by
Jasmine Gallea
on Dec 13, 2024
Verified
Which of the following statements most accurately distinguishes between laws and ethics?
A) Laws reflect the beliefs of the majority of society while ethics reflect the beliefs of the minority of society.
B) Ethics deal with religious and moral beliefs while laws deal with social, economic, and environmental behaviors.
C) Ethics deal with internal (personal) issues while laws deal with external (social) issues.
D) There is no significant difference between laws and ethics; these terms can be used interchangeably.
E) Ethics deal with personal moral principles and values whereas laws are society's values and standards that are enforceable in the courts.
Personal Moral Philosophy
An individual's set of beliefs, principles, and values that guide their behavior and decision-making process regarding right and wrong.
Laws and Ethics
The principles and regulations governing conduct in both a legal and moral framework, often guiding professional practice and corporate behavior.
Moral Principles
Fundamental beliefs about what is right, wrong, good, or bad that guide an individual's actions and decisions.
- Recognize the significance of legal frameworks in determining business ethics and ethical practices.
- Acknowledge the critical role that ethics play in determining marketing strategies and business outcomes.
Verified Answer
EB
Learning Objectives
- Recognize the significance of legal frameworks in determining business ethics and ethical practices.
- Acknowledge the critical role that ethics play in determining marketing strategies and business outcomes.