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What does "Ethics" stand for?

What does "Ethics" stand for? Correct Answer Right or wrong

The correct answer is Right or wrong.

Key Points

  • Ethics
    • It is based on well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.
    • Ethics has to do with what my feelings tell me is right or wrong. Hence, Option 4 is correct.
    • Ethics has to do with my religious beliefs.
    • Being ethical is doing what the law requires.
    • Ethics consists of the standards of behaviour our society accepts.

Additional Information 

Profit
  • Profit, in accounting, is an income distributed to the owner in a profitable market production process.
  • Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production.
A charity 
  • It is an organization that raises money to help people who are sick or very poor, or who have a disability.

Community
  • It is a social unit with commonalities such as norms, religion, values, customs, or identity.

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