Question

Ethics are moral principles and values which ____________.

• A. guide a firm's behaviour
• B. govern the actions of an individual
• C. provide employees with rules on how to behave
• D. are legally enforceable

Answer 1

Answer: (B)

govern the actions of an individual

The term “ethics” is derived from the Greek word “ethos” which refers to character, guiding beliefs, standards and ideals that pervade a group, a community or people. The Oxford Dictionary states ethics as “the moral principle that governs a person’s behavior or how an activity is conducted”.

Ethics refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.