What are the different perspectives of business ethics? Differentiate between the following:
(a)Personal and business ethics
(b)Moral and non-moral standards 

 The different perspectives of business ethics:--

Several ethical perspectives have been around for centuries, including utilitarianism, natural law, consideration of rights and justice, virtue ethics, and the idea of social contract. Whatever perspective is used – or promoted within an organization – will ultimately shape how ethical decisions are reached.

a)

Personal ethics are ethical principles that a person uses when making decisions and behaving in both personal and professional settings. These ethics influence various aspects of a person’s life and help individuals develop their work ethic, personal and professional goals, and values. Individuals use their ethics to determine between right and wrong and influence how someone behaves in challenging situations. Each person’s code of ethics varies, but many people share common ethics such as honesty and respect.

Examples of personal ethics

The following are examples of a few of the most common personal ethics shared by many professionals:

Honesty

Many people view honesty as an important ethic. This ethic transfers from an individual’s personal life into their professional life and ensures they are truthful in all scenarios.

Loyalty

Loyalty is another common personal ethic that many professionals share. People who have a personal ethic of loyalty demonstrate trustworthiness and fidelity in all of their dealings and can be trusted by others to maintain their loyal behavior no matter the situation.

Integrity

Integrity refers to a person’s commitment to upholding their moral principles in any situation and is an important component of trustworthy and sound relationships both in and out of the workplace. People with integrity are reliable, responsible, and hold themselves accountable for their actions.

Respect

People with sound personal ethics demonstrate respect for those around them both at work and in their personal lives. They respect others’ autonomy, rights, _________ ___ ______ ___ _____ ______ _____ ____ ___.
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