Question
Select all that apply
Ethics are defined as:
beliefs that distinguish right from wrong.
choosing the alternative that will increase the net income of the company.
determining the value of financial information in a business.
accepted standards of good and bad behavior.
Ethics are defined as:
Ask by Kelley Reid. in the United States
Jan 27,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Ethics are defined as:
- beliefs that distinguish right from wrong.
- accepted standards of good and bad behavior.
Solution
To determine which options correctly define ethics, let’s analyze each statement:
-
Beliefs that distinguish right from wrong.
This statement aligns with the general understanding of ethics, which involves moral principles that guide behavior. -
Choosing the alternative that will increase the net income of the company.
This statement focuses on a financial decision-making perspective rather than ethical considerations. Ethics is not solely about maximizing profit. -
Determining the value of financial information in a business.
This statement pertains more to financial analysis and accounting rather than ethics. Ethics involves moral judgments rather than just evaluating financial data. -
Accepted standards of good and bad behavior.
This statement accurately reflects ethics, as it encompasses the societal norms and values that dictate what is considered acceptable or unacceptable behavior.
Based on this analysis, the correct selections that define ethics are:
-
beliefs that distinguish right from wrong. -
accepted standards of good and bad behavior.
Answered by UpStudy AI and reviewed by a Professional Tutor
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The Deep Dive
In ancient Greece, philosophers like Socrates, Plato, and Aristotle laid the groundwork for ethics as a discipline, encouraging people to think critically about morality and how their choices affect others. They believed that ethics was essential for leading a virtuous life, emphasizing the importance of reason and the pursuit of happiness connected to moral behavior.
In today’s world, ethical decision-making has a significant impact on various sectors including business, healthcare, and law. Organizations often implement ethics programs to guide employees in making decisions that align with both company values and societal expectations, ultimately fostering trust among stakeholders and promoting a positive image in the community.