B. Short answer questions (12points)
1. Define ethics and morals, and then explain thedifference of personal ethical decisions.
2. How does making ethical choices in a business settingdiffer from making personal ethical choices?
Answer
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Ethics and morals relate to“right” and “wrong” conduct. While they are sometimes usedinterchangeably, they are different: ethics referto rules provided by an external source, e.g., codes of conduct inworkplaces or principles in religions. Moralsrefer to an individual’s own principles regarding right andwrong.
Principles or habits with respect to right or
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