True. Unlike legal decisions, which are made in accordance with the law, ethical decisions are made based on moral principles and values.
Corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary duties, and many other potentially contentious topics are only a few of the topics covered in the study of business ethics. Business ethics may serve as a fundamental guideline that firms can go by to win the public's acceptance.
The law frequently serves as a guide for business ethics. When it comes to apparently contentious topics, applying suitable corporate principles and procedures is referred to as practicing business ethics.
In a conversation on ethics, topics including corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities may come up.
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