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First topic 4 pages Why is knowledge of the law considered to be a business asset second topic 4pages What is the relationship between ethics and the law in business

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What is the relationship between ethics and the law in business?
What is ethics? How does it compare to economics, the social science wherein commerce is studied? What scope does ethics have and what are its various subdivisions? What are some prominent systems and theories of ethics? What should ethics be understood to involve for ordinary citizens not specializing in moral philosophy; i.e., what is the common sense of ethics? What problems may face us in the relationship between ethics and law, and between ethics and public policy? According to DuPlessis, et al. business ethics are moral principles and values that seek to determine right and wrong in the business world (2011). A final point should be noted about ethics in general. However much one carefully reads articles or listens to lectures about ethics, morality, standards of right conduct, ultimately the matter is in the individual's own hand, unless he or she is a prisoner or slave or is severely incapacitated. The crucial feature of ethics is, after all, personal responsibility to do well at living a human life. That is not something that can be implanted or programmed into people, but must be a matter of the individual's