General Studies · Business Ethics
Which statement best describes the role of Morality in establishing a bank's Ethics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Morality and Ethics are synonymous terms and interchangeable.
- 2Morality refers to personal conduct, while Ethics refers to professional conduct and is derived from a systematic study of moral standards.✓
- 3Morality is based on religious law, while Ethics is based on secular law.
- 4Morality is the same for all cultures, while Ethics changes based on the business environment.
Correct answer
Morality refers to personal conduct, while Ethics refers to professional conduct and is derived from a systematic study of moral standards.
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