ENTREPRENEURSHIP

Detailed explanation-1: -To put it simply: business ethics are standards of behavior that businesses should uphold, whereas business law is a body of laws that businesses must follow. The former is the spirit of the law; the latter is the letter of the law.

Detailed explanation-2: -The basic difference between the two is that personal ethics refers to a person’s morals or values in any aspect of life. In contrast, business ethics refers to an individual’s values within their work environment and how they conduct themselves professionally.

Detailed explanation-3: -What Are the 7 Business Ethics? Business ethics is an evolving topic. Generally, there are about 12 ethical principles: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, law-abiding, transparency, and environmental concerns.

Detailed explanation-4: -True, Business ethics is not related to law. The conduct governing an individual or a group specially the standards you use to decide what your conduct should be. The law is a far from perfect guide to what is being ethical, because something may be legal but not right or right but not legal.