Explain where you may see these terms in practice and how you should address each situation.

Ethics: Standards of behavior, developed as a result of one's concept of right and wrong.

Moral values: One's personal concept of right and wrong, formed through the influence of the family, culture, and society

Fraud: Dishonest or deceitful practices in depriving, or attempting to deprive, another of his or her rights.

Law: Rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority.

Liable: Legally responsible or obligated.