Just because something is unethical does not mean it is also illegal. Being unethical is just bad judgment and does not create a legal issue in most cases.
It is both an ethical and legal issue.
false
No.
The legal environment sets the normative standards of ethical behavior
yes
"Legal" because all legal issues are ethical
The leaders should always ensure that they address the need for ethical behavior, legal regulatory requirements and social justice.
Being ethical does always mean being legal but sometimes there are laws attached. However being unethical can have social consequences even if there are not legal ones.
Integrity, Effort, and Respect
Legal behavior refers to actions that are in accordance with the laws and regulations of a particular jurisdiction. This includes following laws, regulations, and rules set by governing bodies, respecting the rights of others, and engaging in activities that comply with ethical and legal standards. It is important to adhere to legal behavior to avoid consequences such as fines, penalties, or legal action.
The legal environment in regard to ethical behavior in business includes laws and regulations that govern issues such as corruption, bribery, fraud, discrimination, and environmental protection. Companies must comply with these standards to avoid legal consequences and maintain their reputation. Ethical behavior in business is important for building trust with stakeholders and operating in a socially responsible manner.
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?