Question
upstudy study bank question image url

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.

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:
  1. Beliefs that distinguish right from wrong.
    This statement aligns with the general understanding of ethics, which involves moral principles that guide behavior.
  2. 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.
  3. 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.
  4. 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

error msg
Explain
Simplify this solution

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.

Related Questions

Latest Social Sciences Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy