Which of these terms can be described as the fundamental values of right and wrong?
  1. Ethics
  2. Laws
  3. Beliefs
  4. Morals
Explanation
Answer: D - The term morals describes a person’s fundamental values and sense of what is right and what is wrong.

Key Takeaway: Morals are often held at a personal or social group level. Morals do not necessarily align with a society’s laws. As a manager, you will need to understand both your personal and societal morals in order to effectively balance your morals against the laws and beliefs within your organization and society. Often, personal morals will coincide with external laws; however, in the cases where there are discrepancies, it is best for a manger to realize these disparities ahead of time and deal with them accordingly.
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