Compare and contrast "business law"
and "business ethics."

Question

Quizplus · Accepted Answer

The Answer is While most laws are based on ethical standards, not all ethical standards have been enacted as law. While the law establishes a minimum degree of conduct expected by persons and businesses in society, ethics demands more. Ethics and the law are intertwined. Sometimes the rule of law and the rule of ethics demand the same response by a person confronted with a problem. However, sometimes the law demands certain conduct, but a person's ethical standards are to the contrary. Moreover, in some situations, the law may permit an act that is ethically wrong.

Compare and Contrast "Business Law