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• Ethics is the branch of philosophy that studies morality or the rightness or wrongness of human conduct
• Morality refers to a code or system of behavior in regards to standards of right or wrong behavior
• Ethics deals with human actions, reasons for action, and character, derived from the Greek word "ethos," meaning "character" or "manners"
• Ethics evaluates moral concepts, values, principles, and standards, considered a normative study of human actions
• Rules are explicit or understood regulations governing conduct within a specific activity or sphere
• Rules protect social beings by regulating behavior and building boundaries with consequences for violations
• Rules guarantee each person certain rights and freedoms, forming frameworks for society
• Rules produce a sense of justice by preventing exploitation and domination, creating a stable system
• Rules are essential for a healthy economic system, regulating business to ensure stability and competitiveness
• Morality refers to standards about what is right and wrong, or good and evil, concerned with human behavior distinctions
• Moral standards deal with actions that can seriously harm or benefit human beings, not established by authority figures
• Moral standards involve serious wrongs or significant benefits, ought to be preferred over other values, and are universalizable
• Moral standards are based on impartial considerations, associated with special emotions and vocabulary
• An ethical dilemma is a conflict where one must choose between two or more actions with moral reasons for each, leading to moral failure
• Moral dilemmas can be personal, organizational, or structural in nature
• Only human beings can be truly ethical due to possessing rationality, autonomy, self-consciousness, and the ability to act morally or immorally
• Only human beings are part of the moral community, engaging in meaningful relationships and practicing values like love, honor, and compassion