Ethics and Morals Distinction

Ethics is a code of behavior defined by the group to which an individual belongs.

Morals are the personal principles upon which an individual bases decisions about right and wrong.

A virtue is a habit that inclines people to do what is acceptable, while a vice is a habit of unacceptable behavior.

<p>CSR is the concept that an organization should act ethically by taking responsibility for the impact of its actions on various stakeholders.</p> Signup and view all the answers

<p>Supply chain sustainability is a component of CSR that focuses on developing and maintaining a supply chain meeting present needs without compromising future generations.</p> Signup and view all the answers

<p>A stakeholder is someone who stands to gain or lose depending on how a particular situation is resolved.</p> Signup and view all the answers

<p>A corporate ethics officer provides an organization with vision and leadership in the area of business conduct.</p> Signup and view all the answers

<p>Ethics are group-defined codes of behavior, while morals are personal principles for decision-making.</p> Signup and view all the answers

<p>Organizations should consider CSR to act ethically and take responsibility for their impact on stakeholders.</p> Signup and view all the answers