How Do Law and Business Ethics Relate to Each Other

question 83

Multiple Choice

How do law and business ethics relate to each other?

• A) Ethics is unrelated to the law because ethics answers only moral questions.
• B) Ethics entirely determines what the laws will be, as ethics is focused on finding one right answer to every question.
• C) The law establishes what is ethical, as anything which is legal is automatically ethical.
• D) The law establishes ethical rules and boundaries, because laws take multiple stakeholders into consideration.
• E) Law and business ethics serve as an interactive system, informing and assessing each other.

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Definitions:

Investment Banks

Financial institutions that assist individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.

Management Consulting Firms

Companies that specialize in advising businesses on how to improve their performance, solve complex issues, and implement new strategies.

Interviewer

A person who asks questions to individuals in a conversation, aiming to gather information, often for research, hiring purposes, or media.

Interview

A formal or informal conversation between two or more people, where questions are asked by the interviewer(s) to obtain information from the interviewee(s).