Which of the following best describes ethical standards? Laws that govern acceptable behavior How reasonable moral standards are when applied to your life Universal standards based on impartial rules Norms of behavior in a society

Economics Aug 06, 2020

Which of the following best describes ethical standards?

Laws that govern acceptable behavior

How reasonable moral standards are when applied to your life

Universal standards based on impartial rules

Norms of behavior in a society

Expert Solution

Option (2) is right answer. Ethics are moral principles that guide a person’s behavior and his/her action towards other. These morals are shaped by social norms, cultural practices, and religious influences. Ethical decision making is the process of assessing the moral implications of a course of action. All decisions have an ethical or moral dimension for a simple reason—they have an effect on others.

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