Morals and Ethics

1. Define each
2. From your understanding of each term, what is the difference between them?
3. How would you use each term within the business world? Explain.
4. Are there differences between our personal ethics and business ethics? If so, why, or why not?

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1: Morals are standards of behavior and beliefs of a person regarding what they should do and what they should not do. It helps one to determine what is right and what is wrong and accordingly drive the behavior of the individual. A code of conduct may be legally right, but that does not mean that it is morally right also. A person...
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