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Meaning
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Morals are the beliefs of the individual or group as to what is right or wrong.
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Ethics are the guiding principles, which help the individual or group to decide what is good or bad.
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What it is
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General principles set by group
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Response to a specific situation
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Root word
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Mos which means custom
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Ethikos which means character
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Governed by
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Social and cultural norms
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Individual or Legal and Professional norms
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Deals with
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Principles of right and wrong
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Right and wrong conduct
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Applicability in Business
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No
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Yes
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Consistency
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Morals may differ from society to society and culture to culture.
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Ethics are generally uniform.
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Expression
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Morals are expressed in the form of general rules and statements.
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Ethics are abstract.
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Freedom to think and choose
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No
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Yes
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