alleryStart learning →Ethics is best defined as what?
AA set of moral standards for judging right and wrong
BA body of law enforced by the courts of a country
CA written policy issued by a company to its staff
DA code of conduct agreed between rival businesses
Answer & Solution
Correct answer: A. A set of moral standards for judging right and wrong
1. Ethics is a set of moral standards for judging whether something is right or wrong.
2. It sits beneath both law and company policy rather than being either of them.
3. Law is enforced by the state, and a company policy is one firm putting its own expectations in writing.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 2 "Making Ethical Decisions and Managing a Socially Responsible Business", section 2.1 Understanding Business Ethics_
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