Statement I Law and moral standards overlap to a certain extent.
Statement II Law represents a minimum set of standards for regulating human behaviour in society.
A. Both statements are incorrect
B. Statement I is correct, but Statement II is not the correct explanation of Statement I
C. Statement I is correct and Statement II is the correct explanation of Statement I
D. Statement I is incorrect and II is the correct statement in isolation
Answer: Option C
Related Questions on Values and Ethics in Management
Which is the element of business ethics?
A. A discipline
B. It is an art and science both
C. Good intention
D. All of the above
A. rules of selling
B. rules of advertising
C. rules of behaviour
D. All of these
A. traditional
B. historical
C. social
D. political
"Ethics deal with the right actions of individuals". Who said this?
A. J. R. Betty
B. D. C. Za ne
C. Peter F. Drucker
D. C. S. Rao

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