Ethical and Legal Issues

Question 1

What is ethics?

Answer 1

The standards for morally right and wrong conduct in business which can be partially defined in the law however legal and ethical are not the same.

Question 2

List 3 ways in which ethics can differ from the law

Answer 2

1. the law is formal and written whereas ethics are unwritten
2. the law is enforceable by police and courts but ethics have limited enforcement
3. the law is applicable to everyone however ethics are a personal choice