Omer Khalid

Fa-20/BBA/005

Business Ethics

Submitted to: Sir Saeed

Assignment# 01
Ethics

ethics refers to 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

Morality

Morality refers to the set of standards that enable people to live cooperatively in groups. It's what
societies determine to be “right” and “acceptable.” Sometimes, acting in a moral manner means
individuals must sacrifice their own short-term interests to benefit society.

Question:

Morality is the prerequisite of ethics?

Morals are the prevailing standards of behavior that enable people to live cooperatively in
groups. Moral refers to what societies sanction as right and acceptable.

Most people tend to act morally and follow societal guidelines. Morality often requires that
people sacrifice their own short-term interests for the benefit of society. People or entities that
are indifferent to right and wrong are considered amoral, while those who do evil acts are
considered immoral.

While some moral principles seem to transcend time and culture, such as fairness, generally
speaking, morality is not fixed. Morality describes the particular values of a specific group at a
specific point in time. Historically, morality has been closely connected to religious traditions,
but today its significance is equally important to the secular world. For example, businesses and
government agencies have codes of ethics that employees are expected to follow.

Some philosophers make a distinction between morals and ethics. But many people use the terms
morals and ethics interchangeably when talking about personal beliefs, actions, or principles. For
example, it’s common to say, “My morals prevent me from cheating.” It’s also common to use
ethics in this sentence instead.

So, morals are the principles that guide individual conduct within society. And, while morals
may change over time, they remain the standards of behavior that we use to judge right and
wrong.