Question

We all know that a business could make a decision that while legal, might not be ethical.  What is the difference between legal and ethical standards? How are legal standards affected by ethical standards? As a business owner, give a hypothetical scenario where you might make a decision that is legal and appropriate for the business, but may still be ethically unsuitable and even unseemly? How would you find a way to run a successful business (all businesses want/need to be successful!) whilst still maintaining your core ethical values? Remember: business ethics is not always the same thing as morals.

Answer 1

(Answer):-
Ethical standards depend on the human standards of good and bad. The contrasts between them are these: Legal measures depend on composed law, while Ethical standards depend on human rights and wrongs. Something can be legitimate however not moral.
Explanation: Legal” and “ethical” are frequently utilized and taken in a similar sentence. In spite of the fact that there is a connection between the two, the ideas are fundamentally unrelated of each other. They frequently conflict and work with each other. Both words are regularly utilized as a part of a similar setting as far as issues and social circumstances. Both "lawful" and "moral" can be connected in any circumstance, private or open, even in the domain of callings. “Legal” is a descriptive word and a thing used to portray anything that worries the law or its workings. Legitimate is related with all hardware, forms, methodology, hones, dialects, societies, and other relative ideas in the arrangement of the law. "Lawful" is a gotten term from "law." It started from the Anglo-French "legalise" which comes from the Latin "lex," which signifies "law." It was first utilized as a word in 1562. Related types of lawful incorporate a bundle of different descriptive words like post legitimate, pre-lawful, pseudo-lawful, semi lawful, and as a modifier, which is lawfully. "Lawful" as a thing is additionally seen in "paralegal" and as a mark for individuals who are spoken to as real or endorsed by usage in a given arrangement of standards and directions.