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Are ethical behavior and legal behavior the same?

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A business owner who was turned downed for a loan because it was to risky, had his accountant to change his accounting method from cach basis to accrual basis. Which he then applied for a laon with another bank (on the application there was a question that asked if he had been previously rejected for credit and he answered no). Is this business owner displaying ethical behavior or legal behavior and why?
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What do ethics and ethical behavior hace to do with finance?

A lot of time in finance there may be opportunities where you may have ways to take 'shortcuts' in order to make more money or get ahead. Knowing the ethics allows you to deci

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Ethics are considered the moral standards by which people judge behavior. Ethical behavior is behavior that conforms to those accepted standards of social or professional beha

Is ethics a learned behavior?

No. It resides in the realm of ones conscience. Nearly all people who act unethically first attempt to rationalize their bad behavior in order to salve their conscience for wh

What constitutes ethical behavior?

Ethical behavior is acting in a respectful way regarding basic moral principles like: equality, fairness, honesty, integrity, and respecting the dignity, diversity and rights

What is ethical behavior?

ethical behavior is behavior that is appropriate for the work place. It is professional behavior. not goofy, or kid play.

Examples of ethical behavior?

Ethical behaviors are morally upstanding, and are generally the  right things to do. An example might be when a person helps an  elderly individual cross the street, or when

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Ethical behaviour is not something which will come quickly if people do not already possess it. But, certain techniques can be applied to encourage ethical behaviour. These i

What do ethics and ethical behavior have to do with finance?

Answer   Would you entrust your money to someone you thought was unethical? Would you risk heavy fines and possible jail time for skimming funds from a client?   Peopl

Characteristics and behaviors of an ethical manager?

 he should be the one who looks for the interest of the others.  values employees as people, respect is given for the whole person.   doesn't play psychological games w

What affects ethical behavior?

The psyche of the person affects ethical behavior. Depending on how the person was raised their idea of ethical behavior could be different from the norm. It really just depen

What factors influencing ethical behavior?

Three general sets of factors do appear to influence the standards of behavior in an organization , the sets consist of individual factors , social factors, opportunities.

Are ethical and legal behavior the same?

No. Ethics is the knowledge of what is right and wrong. The law is what your government tells you to do and not do. Many things, such as abortion, are legal, but are considere