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Basic Question 4 of 4
Which statement is true?
B. All legal behaviors are ethical because laws and regulations often codify ethical actions that lead to better outcomes for society or specific groups of stakeholders.
C. Some ethical behaviors may not be legal.
A. The law is always the best mechanism to reduce unethical behavior by market participants.
B. All legal behaviors are ethical because laws and regulations often codify ethical actions that lead to better outcomes for society or specific groups of stakeholders.
C. Some ethical behaviors may not be legal.
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
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Learning Outcome Statements
compare and contrast ethical standards with legal standards
CFA® 2025 Level I Curriculum, Volume 6, Module 1.