answersLogoWhite

0

Legal standards are those standards that emanate from the law. Ethical standards may be determined by religious beliefs, personal beliefs, and societal influence.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Finance

What is Improper transaction?

An improper transaction refers to a financial exchange that violates established rules, regulations, or ethical standards. This can include fraudulent activities, such as insider trading or embezzlement, as well as transactions that are not conducted at arm's length, leading to conflicts of interest. Improper transactions can result in legal consequences and damage to reputations for individuals or organizations involved. Ensuring transparency and adherence to ethical guidelines is essential to prevent such occurrences.


What is The ruling body of a corporation called?

The ruling body of a corporation is typically called the board of directors. This group is responsible for overseeing the company's management and making key decisions regarding its direction and policies. The board is elected by the shareholders and acts in their best interests, ensuring the corporation adheres to legal and ethical standards.


What are legal and ethical issues in e-business?

Never copy others content or same page layout accurately.


Is it possible for me to obtain a loan in my child's name?

No, it is not legal or ethical to obtain a loan in your child's name without their consent.


What is forced payment?

Forced payment refers to a situation where an individual or entity is compelled to make a payment against their will, often due to external pressures or legal obligations. This can occur in contexts such as debt collection, where creditors may use aggressive tactics to secure payment, or in situations involving government mandates or fines. In some cases, forced payment may also involve coercive practices that violate legal or ethical standards.

Related Questions

The legal environment sets the normative standards of ethical behavior a true statement?

The legal environment sets the normative standards of ethical behavior


Do veterinary have legal and ethical behavior?

Yes. Veterinarians must abide by laws that govern veterinary practice. They must also adhere to moral and ethical standards that are created by professional associations as well as their own personal moral and ethical standards.


What is Accounting standard Stands for?

"Accounting Standards" are what governs various ethical and legal aspects of accounting. It does not "stand" for anything.


What is the difference between laws and ethical standards?

Laws are rules set and enforced by authority, typically a government, with consequences for non-compliance. Ethical standards are principles or values that guide behavior and decisions based on moral beliefs or societal norms, but are not necessarily enforceable by law. Laws provide a legal framework for society, while ethical standards provide a moral compass.


What is the difference between legal and ethical?

Legal refers to a set of rules that are written down, and what everyone is forced to abide by. Ethical can mean different things to different people, and is thought of as a set of moral principles rather than laws to abide by.


What standards does the legal environment in regard to ethical behavior in business?

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.


What are some of the methods used in determining ethical standards?

To determine if something is ethical, ask the questions, 'Is it legal?', 'Is it balanced?', 'How will your decision make your feel?', 'Would you feel good if your family were to read about your decision in the newspaper?'.


Ethical Considerations and Legal Issues?

Informed consent and patient autonomyAdvertising and marketing of cosmetic dental servicesProfessional ethics and standards of practiceLegal and regulatory issues


Can professionals fully comply with legal and ethical requirements by following the letter of the law regarding treatment of clients?

While following the letter of the law is essential for compliance, it does not always ensure that professionals meet ethical standards or provide the best care for clients. Legal requirements can set minimum standards, but ethical considerations often require a more nuanced understanding of client needs, values, and circumstances. Professionals must balance legal obligations with ethical principles such as beneficence, autonomy, and justice to truly serve their clients effectively. Therefore, adherence to the law alone may not suffice for comprehensive professional responsibility.


Relationship between legal and ethical issues in nursing?

legal and ethical issues in nursing


Why are ethical standards so important in criminal justice?

Ethical standards in criminal justice are crucial because they ensure fairness, integrity, and accountability within the system. They guide the behavior of law enforcement, legal professionals, and correctional officers, fostering public trust and confidence in the justice process. Adhering to ethical principles helps prevent abuses of power, discrimination, and corruption, ultimately promoting justice and protecting individual rights. Additionally, ethical standards contribute to effective crime prevention and community safety.


What is the Legal and ethical requirement?

Legal and ethical requirements refer to the obligations individuals and organizations must adhere to within the framework of laws and moral principles. Legally, entities must comply with regulations and statutes established by governing bodies, while ethically, they need to uphold standards of conduct that promote fairness, integrity, and respect for others. These requirements often overlap, as legal compliance can reflect ethical considerations, but they can also diverge when laws permit actions that may be deemed unethical. Ultimately, fulfilling both legal and ethical obligations fosters trust and accountability in society.