The law regulates standards of behaviour; however, it does not enforce ethical norms. Therefore, companies should focus on the legality of their actions and not worry about their ethical implications.

Question

Quizplus · Accepted Answer

While the law sets minimum standards of behavior, companies should not solely focus on legal compliance and ignore ethical considerations. Ethical practices and values include behaving responsibly towards customers, employees, and communities, and a company's reputation and success can depend on it. Adhering to ethical principles can also prevent legal issues and reputation damage.

The Law Regulates Standards of Behaviour; However, It Does Not