Which of the following statements about ethical behavior in business is true?
A) The legal environment sets the highest standards of ethical behavior.
B) The legal environment sets the maximum standards of ethical behavior.
C) The legal environment sets the minimum standards of ethical behavior.
D) The legal environment sets the normative standards of ethical behavior.
E) None of the above.

Question

Quizplus · Accepted Answer

The legal environment sets the minimum standards of ethical behavior. While laws provide a basic framework for ethical behavior in business, they do not always reflect the highest standards of behavior. Many behaviors that are legal may still be considered unethical by society or specific individuals. Therefore, businesses must also establish their own ethical standards to guide their behavior, beyond what is strictly required by law.

Which of the Following Statements About Ethical Behavior in Business